Nuveen LLC Purchases New Holdings in Benchmark Electronics, Inc. $BHE

Nuveen LLC purchased a new stake in shares of Benchmark Electronics, Inc. (NYSE:BHE) in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 177,394 shares of the technology company’s stock, valued at approximately $6,746,000. Nuveen LLC owned about 0.49% of Benchmark Electronics at the end of the most recent quarter.

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

Analysts Set New Price Targets

BHE has been the subject of a number of analyst reports. Lake Street Capital cut their price target on Benchmark Electronics from $52.00 to $46.00 and set a “buy” rating for the company in a report on Wednesday, April 30th. Wall Street Zen lowered Benchmark Electronics from a “buy” rating to a “hold” rating in a report on Saturday, August 2nd. Finally, Needham & Company LLC cut their price target on Benchmark Electronics from $48.00 to $47.00 and set a “buy” rating for the company in a report on Friday, August 1st. Two investment analysts have rated the stock with a Buy rating, According to MarketBeat, the stock has a consensus rating of “Buy” and an average price target of $46.50.

Benchmark Electronics Price Performance

NYSE:BHE opened at $40.6750 on Monday. The firm has a market capitalization of $1.46 billion, a price-to-earnings ratio of 38.74 and a beta of 0.99. Benchmark Electronics, Inc. has a 52-week low of $30.73 and a 52-week high of $52.57. The stock has a fifty day moving average of $39.14 and a 200 day moving average of $38.24. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.46 and a current ratio of 2.36.

Benchmark Electronics (NYSE:BHE) last posted its quarterly earnings data on Wednesday, July 30th. The technology company reported $0.55 earnings per share (EPS) for the quarter, beating the consensus estimate 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 during the quarter, compared to analyst estimates of $638.67 million. During the same quarter last year, the company earned $0.57 earnings per share. The firm’s quarterly revenue 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 firm also recently declared a quarterly dividend, which was paid on Friday, July 11th. Investors of record on Monday, June 30th were issued a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a yield of 1.7%. The ex-dividend date was Monday, June 30th. Benchmark Electronics’s payout ratio is currently 64.76%.

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.