Bank of New York Mellon Corp Has $13 Million Stock Position in Benchmark Electronics, Inc. $BHE

Bank of New York Mellon Corp cut its holdings in Benchmark Electronics, Inc. (NYSE:BHE) by 0.4% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 334,867 shares of the technology company’s stock after selling 1,197 shares during the quarter. Bank of New York Mellon Corp owned approximately 0.93% of Benchmark Electronics worth $13,003,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of BHE. New Age Alpha Advisors LLC acquired a new stake in shares of Benchmark Electronics in the 1st quarter valued at approximately $56,000. GAMMA Investing LLC lifted its stake in Benchmark Electronics by 58.3% in the 2nd 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 last quarter. Caxton Associates LLP acquired a new stake in Benchmark Electronics in the first quarter valued at approximately $202,000. Linscomb Wealth Inc. bought a new stake in shares of Benchmark Electronics during the first quarter worth $214,000. Finally, First Citizens Bank & Trust Co. bought a new stake in shares of Benchmark Electronics during the second quarter worth $331,000. Institutional investors and hedge funds own 92.29% of the company’s stock.

Benchmark Electronics Trading Down 0.0%

NYSE BHE opened at $42.59 on Wednesday. The firm has a market capitalization of $1.52 billion, a PE ratio of 40.56 and a beta of 1.09. The business’s 50-day moving average price is $41.04 and its two-hundred day moving average price is $39.40. The company has a current ratio of 2.36, a quick ratio of 1.46 and a debt-to-equity ratio of 0.18. Benchmark Electronics, Inc. has a 12 month low of $30.73 and a 12 month high of $50.26.

Benchmark Electronics (NYSE:BHE) last issued its quarterly earnings data on Tuesday, November 4th. The technology company reported $0.62 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.57 by $0.05. Benchmark Electronics had a return on equity of 6.08% and a net margin of 1.48%.The company had revenue of $680.68 million during the quarter, compared to the consensus estimate of $661.67 million. During the same period last year, the company earned $0.57 earnings per share. The firm’s revenue was up 3.5% compared to the same quarter last year. Benchmark Electronics has set its Q4 2025 guidance at 0.620-0.680 EPS.

Benchmark Electronics Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, October 13th. Stockholders of record on Tuesday, September 30th were paid a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date of this dividend was Tuesday, September 30th. Benchmark Electronics’s dividend payout ratio is currently 66.67%.

Insider Buying and Selling at Benchmark Electronics

In related news, SVP Jan M. Janick sold 10,004 shares of Benchmark Electronics stock in a transaction on Monday, September 8th. The shares were sold at an average price of $40.50, for a total transaction of $405,162.00. Following the completion of the transaction, the senior vice president owned 62,368 shares of the company’s stock, valued at $2,525,904. This trade represents a 13.82% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 2.20% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

BHE has been the topic of several recent research reports. Wall Street Zen raised Benchmark Electronics from a “hold” rating to a “buy” rating in a report on Saturday, November 8th. Needham & Company LLC dropped their target price on Benchmark Electronics from $48.00 to $47.00 and set a “buy” rating for the company in a research report on Friday, August 1st. Lake Street Capital restated a “buy” rating and set a $51.00 price target on shares of Benchmark Electronics in a report on Wednesday, November 5th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Benchmark Electronics in a report on Wednesday, October 8th. Two research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $49.00.

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.