PNC Financial Services Group Inc. Sells 998 Shares of Benchmark Electronics, Inc. $BHE

PNC Financial Services Group Inc. reduced its position in shares of Benchmark Electronics, Inc. (NYSE:BHE) by 25.4% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,934 shares of the technology company’s stock after selling 998 shares during the period. PNC Financial Services Group Inc.’s holdings in Benchmark Electronics were worth $112,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Wellington Management Group LLP grew its holdings in shares of Benchmark Electronics by 1.9% during the fourth quarter. Wellington Management Group LLP now owns 436,181 shares of the technology company’s stock worth $19,803,000 after purchasing an additional 8,000 shares during the last quarter. Allianz Asset Management GmbH grew its holdings in shares of Benchmark Electronics by 35.5% during the first quarter. Allianz Asset Management GmbH now owns 423,405 shares of the technology company’s stock worth $16,102,000 after purchasing an additional 111,022 shares during the last quarter. Northern Trust Corp grew its holdings in shares of Benchmark Electronics by 8.0% during the fourth quarter. Northern Trust Corp now owns 418,234 shares of the technology company’s stock worth $18,988,000 after purchasing an additional 31,071 shares during the last quarter. Bridgeway Capital Management LLC grew its holdings in shares of Benchmark Electronics by 12.8% during the fourth quarter. Bridgeway Capital Management LLC now owns 346,368 shares of the technology company’s stock worth $15,725,000 after purchasing an additional 39,389 shares during the last quarter. Finally, Millennium Management LLC grew its holdings in shares of Benchmark Electronics by 90.4% during the fourth quarter. Millennium Management LLC now owns 336,466 shares of the technology company’s stock worth $15,276,000 after purchasing an additional 159,769 shares during the last quarter. 92.29% of the stock is currently owned by institutional investors.

Benchmark Electronics Price Performance

Shares of BHE opened at $38.94 on Wednesday. Benchmark Electronics, Inc. has a 52-week low of $30.73 and a 52-week high of $52.57. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.46 and a current ratio of 2.36. The business’s 50 day moving average price is $39.06 and its two-hundred day moving average price is $38.33. The firm has a market cap of $1.40 billion, a PE ratio of 37.09 and a beta of 0.99.

Benchmark Electronics (NYSE:BHE) last issued its earnings results on Wednesday, July 30th. The technology company reported $0.55 earnings per share for the quarter, topping analysts’ consensus estimates of $0.54 by $0.01. Benchmark Electronics had a return on equity of 6.08% and a net margin of 1.48%.The company had revenue of $642.34 million for the quarter, compared to analyst estimates of $638.67 million. During the same period in the prior year, the firm earned $0.57 earnings per share. Benchmark Electronics’s revenue for the quarter was down 3.6% on a year-over-year basis. Benchmark Electronics has set its Q3 2025 guidance at 0.560-0.620 EPS.

Benchmark Electronics Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, July 11th. Stockholders of record on Monday, June 30th were given a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.7%. The ex-dividend date of this dividend was Monday, June 30th. Benchmark Electronics’s dividend payout ratio is presently 64.76%.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the company. Wall Street Zen cut Benchmark Electronics from a “buy” rating to a “hold” rating in a report on Saturday, August 2nd. Lake Street Capital reduced their price target on Benchmark Electronics from $52.00 to $46.00 and set a “buy” rating on the stock in a report on Wednesday, April 30th. Finally, Needham & Company LLC reduced their price target on Benchmark Electronics from $48.00 to $47.00 and set a “buy” rating on the stock in a report on Friday, August 1st. Two investment analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus price target of $46.50.

Benchmark Electronics Profile

Benchmark Electronics, Inc, together with its subsidiaries, offers product design, engineering services, technology solutions, and manufacturing services in the Americas, Asia, and Europe. The company provides engineering services and technology solutions, including new product design, prototype, testing, and related engineering services; and custom testing and technology solutions, as well as automation equipment design and build services.