State of Alaska Department of Revenue Raises Stake in Benchmark Electronics, Inc. $BHE

State of Alaska Department of Revenue boosted its position in Benchmark Electronics, Inc. (NYSE:BHE) by 7.8% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 21,506 shares of the technology company’s stock after buying an additional 1,560 shares during the quarter. State of Alaska Department of Revenue owned approximately 0.06% of Benchmark Electronics worth $834,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently made changes to their positions in the stock. GAMMA Investing LLC boosted its stake in shares of Benchmark Electronics by 58.3% during the second quarter. GAMMA Investing LLC now owns 3,609 shares of the technology company’s stock valued at $140,000 after purchasing an additional 1,329 shares during the period. Wedge Capital Management L L P NC boosted its stake in shares of Benchmark Electronics by 19.0% during the second quarter. Wedge Capital Management L L P NC now owns 56,733 shares of the technology company’s stock valued at $2,203,000 after purchasing an additional 9,040 shares during the period. Assenagon Asset Management S.A. boosted its stake in shares of Benchmark Electronics by 20.7% during the second quarter. Assenagon Asset Management S.A. now owns 70,708 shares of the technology company’s stock valued at $2,746,000 after purchasing an additional 12,136 shares during the period. Voya Investment Management LLC boosted its stake in shares of Benchmark Electronics by 89.6% during the first quarter. Voya Investment Management LLC now owns 34,004 shares of the technology company’s stock valued at $1,293,000 after purchasing an additional 16,069 shares during the period. Finally, Strs Ohio purchased a new stake in shares of Benchmark Electronics during the first quarter valued at approximately $677,000. Hedge funds and other institutional investors own 92.29% of the company’s stock.

Benchmark Electronics Price Performance

BHE opened at $38.63 on Tuesday. The stock has a fifty day simple moving average of $39.46 and a two-hundred day simple moving average of $38.12. The company has a current ratio of 2.36, a quick ratio of 1.46 and a debt-to-equity ratio of 0.18. The company has a market cap of $1.39 billion, a price-to-earnings ratio of 36.79 and a beta of 1.06. Benchmark Electronics, Inc. has a 12-month low of $30.73 and a 12-month high of $52.57.

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, topping analysts’ consensus estimates of $0.54 by $0.01. The business had revenue of $642.34 million during the quarter, compared to the consensus estimate of $638.67 million. Benchmark Electronics had a return on equity of 6.08% and a net margin of 1.48%.The firm’s quarterly revenue was down 3.6% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.57 earnings per share. Benchmark Electronics has set its Q3 2025 guidance at 0.560-0.620 EPS.

Benchmark Electronics Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, October 13th. Shareholders of record on Tuesday, September 30th will be issued a $0.17 dividend. The ex-dividend date is Tuesday, September 30th. This represents a $0.68 dividend on an annualized basis and a yield of 1.8%. Benchmark Electronics’s dividend payout ratio is 64.76%.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on BHE shares. Wall Street Zen lowered Benchmark Electronics from a “buy” rating to a “hold” rating in a research note on Saturday, August 2nd. Weiss Ratings reissued a “hold (c)” rating on shares of Benchmark Electronics in a research note on Saturday, September 27th. Finally, Needham & Company LLC dropped their price objective on Benchmark Electronics from $48.00 to $47.00 and set a “buy” rating for the company in a research note on Friday, August 1st. Two research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, Benchmark Electronics presently has a consensus rating of “Moderate Buy” and a consensus target price of $46.50.

Insider Transactions at Benchmark Electronics

In other Benchmark Electronics news, SVP Jan M. Janick sold 10,004 shares of the stock in a transaction on Monday, September 8th. The stock was sold at an average price of $40.50, for a total value of $405,162.00. Following the completion of the transaction, the senior vice president owned 62,368 shares in the company, valued at approximately $2,525,904. This represents a 13.82% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 2.20% of the company’s stock.

Benchmark Electronics Company 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.