Peregrine Capital Management LLC Cuts Stock Position in Benchmark Electronics, Inc. $BHE

Peregrine Capital Management LLC lessened its stake in shares of Benchmark Electronics, Inc. (NYSE:BHE) by 8.8% in the first quarter, Holdings Channel reports. The institutional investor owned 124,349 shares of the technology company’s stock after selling 11,960 shares during the period. Peregrine Capital Management LLC’s holdings in Benchmark Electronics were worth $6,971,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the stock. Rockefeller Capital Management L.P. grew its stake in shares of Benchmark Electronics by 69.6% in the fourth quarter. Rockefeller Capital Management L.P. now owns 609 shares of the technology company’s stock worth $26,000 after acquiring an additional 250 shares during the last quarter. Aster Capital Management DIFC Ltd bought a new stake in Benchmark Electronics during the 3rd quarter valued at about $40,000. Kestra Advisory Services LLC purchased a new position in Benchmark Electronics in the fourth quarter worth about $42,000. Clearstead Advisors LLC raised its holdings in Benchmark Electronics by 246.8% in the fourth quarter. Clearstead Advisors LLC now owns 1,363 shares of the technology company’s stock worth $58,000 after buying an additional 970 shares during the last quarter. Finally, Parkside Financial Bank & Trust lifted its stake in shares of Benchmark Electronics by 28.6% in the fourth quarter. Parkside Financial Bank & Trust now owns 1,446 shares of the technology company’s stock worth $62,000 after buying an additional 322 shares in the last quarter. Hedge funds and other institutional investors own 92.29% of the company’s stock.

Benchmark Electronics Price Performance

Shares of NYSE:BHE opened at $95.08 on Thursday. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.42 and a current ratio of 2.18. The firm has a market cap of $3.41 billion, a price-to-earnings ratio of 100.08 and a beta of 1.24. The business has a 50-day simple moving average of $85.04 and a two-hundred day simple moving average of $64.55. Benchmark Electronics, Inc. has a fifty-two week low of $34.44 and a fifty-two week high of $100.41.

Benchmark Electronics (NYSE:BHE) last announced its quarterly earnings results on Wednesday, April 29th. The technology company reported $0.58 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.56 by $0.02. Benchmark Electronics had a net margin of 1.27% and a return on equity of 6.63%. The firm had revenue of $677.28 million for the quarter, compared to the consensus estimate of $676.25 million. During the same quarter last year, the firm posted $0.52 EPS. The business’s quarterly revenue was up 7.1% compared to the same quarter last year. Benchmark Electronics has set its Q2 2026 guidance at 0.650-0.710 EPS.

Benchmark Electronics Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, July 10th. Shareholders of record on Tuesday, June 30th will be given a $0.17 dividend. This represents a $0.68 annualized dividend and a yield of 0.7%. The ex-dividend date of this dividend is Tuesday, June 30th. Benchmark Electronics’s dividend payout ratio (DPR) is presently 71.58%.

Insider Activity at Benchmark Electronics

In other news, SVP Rhonda R. Turner sold 6,600 shares of Benchmark Electronics stock in a transaction dated Wednesday, May 6th. The stock was sold at an average price of $85.14, for a total transaction of $561,924.00. Following the transaction, the senior vice president directly owned 36,067 shares of the company’s stock, valued at $3,070,744.38. The trade was a 15.47% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director David W. Scheible sold 22,989 shares of the stock in a transaction that occurred on Wednesday, May 13th. The stock was sold at an average price of $85.00, for a total transaction of $1,954,065.00. Following the completion of the sale, the director directly owned 62,057 shares of the company’s stock, valued at $5,274,845. This represents a 27.03% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 86,352 shares of company stock valued at $7,312,806 in the last three months. Corporate insiders own 1.10% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on the stock. Lake Street Capital reiterated a “buy” rating and set a $92.00 price target on shares of Benchmark Electronics in a report on Thursday, April 30th. Needham & Company LLC upped their price objective on Benchmark Electronics from $62.00 to $80.00 and gave the company a “buy” rating in a research report on Thursday, April 30th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Benchmark Electronics in a research report on Monday, April 20th. Two equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $86.00.

About Benchmark Electronics

Benchmark Electronics, Inc is a global provider of comprehensive electronics manufacturing services (EMS) and integrated engineering solutions. The company offers a full suite of services that span the entire product lifecycle, from early?stage design and prototyping to high?volume production and aftermarket support. Benchmark serves diverse end markets, including industrial automation, medical devices, communications, aerospace and defense, and semiconductor equipment.

At the core of Benchmark’s offering are printed circuit board assemblies (PCBA), system integration, box build assemblies and turnkey manufacturing.