The Manufacturers Life Insurance Company Invests $1.73 Million in Benchmark Electronics, Inc. $BHE

The Manufacturers Life Insurance Company purchased a new position in shares of Benchmark Electronics, Inc. (NYSE:BHE) in the second quarter, HoldingsChannel.com reports. The fund purchased 17,573 shares of the technology company’s stock, valued at approximately $1,734,000.

Several other large investors have also bought and sold shares of the business. BlackRock Inc. bought a new position in Benchmark Electronics in the second quarter valued at approximately $579,768,000. Franklin Resources Inc. raised its position in shares of Benchmark Electronics by 8.1% during the 4th quarter. Franklin Resources Inc. now owns 2,906,748 shares of the technology company’s stock valued at $124,293,000 after acquiring an additional 218,450 shares during the last quarter. Earnest Partners LLC bought a new stake in shares of Benchmark Electronics during the 4th quarter valued at $74,940,000. State Street Corp lifted its stake in shares of Benchmark Electronics by 0.7% in the 4th quarter. State Street Corp now owns 1,389,766 shares of the technology company’s stock valued at $59,661,000 after purchasing an additional 9,724 shares during the period. Finally, Wasatch Advisors LP lifted its stake in shares of Benchmark Electronics by 0.6% in the 2nd quarter. Wasatch Advisors LP now owns 1,229,825 shares of the technology company’s stock valued at $47,754,000 after purchasing an additional 6,868 shares during the period. 92.29% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on BHE. Needham & Company LLC lifted their price objective on Benchmark Electronics from $80.00 to $90.00 and gave the stock a “buy” rating in a research note on Thursday, July 30th. Weiss Ratings raised Benchmark Electronics from a “hold (c)” rating to a “buy (b-)” rating in a research note on Friday, July 31st. Three equities research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the stock currently has an average rating of “Buy” and an average price target of $91.00.

Insider Activity

In related news, SVP Stephen Beaver sold 20,000 shares of the stock in a transaction that occurred on Thursday, June 11th. The stock was sold at an average price of $86.25, for a total transaction of $1,725,000.00. Following the completion of the sale, the senior vice president directly owned 75,020 shares of the company’s stock, valued at approximately $6,470,475. This represents a 21.05% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 1.10% of the company’s stock.

Benchmark Electronics Stock Performance

BHE stock opened at $71.08 on Friday. The business’s 50-day moving average price is $80.45 and its two-hundred day moving average price is $74.30. The company has a current ratio of 1.99, a quick ratio of 1.31 and a debt-to-equity ratio of 0.16. The firm has a market cap of $2.55 billion, a PE ratio of 48.35 and a beta of 1.26. Benchmark Electronics, Inc. has a 1-year low of $35.91 and a 1-year high of $100.41.

Benchmark Electronics (NYSE:BHE) last announced its quarterly earnings results on Wednesday, July 29th. The technology company reported $0.75 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.69 by $0.06. The company had revenue of $755.98 million during the quarter, compared to the consensus estimate of $720.00 million. Benchmark Electronics had a return on equity of 7.28% and a net margin of 1.89%.The company’s revenue for the quarter was up 17.7% compared to the same quarter last year. During the same period in the prior year, the company earned $0.03 earnings per share. Benchmark Electronics has set its Q3 2026 guidance at 0.760-0.820 EPS.

Benchmark Electronics Company Profile

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.