Wellington Management Group LLP Has $57.91 Million Position in Benchmark Electronics, Inc. $BHE

Wellington Management Group LLP cut its position in Benchmark Electronics, Inc. (NYSE:BHE) by 23.7% in the 2nd quarter, Holdings Channel.com reports. The firm owned 586,923 shares of the technology company’s stock after selling 182,068 shares during the period. Wellington Management Group LLP’s holdings in Benchmark Electronics were worth $57,912,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in BHE. Rockefeller Capital Management L.P. grew its holdings in shares of Benchmark Electronics by 69.6% during the fourth quarter. Rockefeller Capital Management L.P. now owns 609 shares of the technology company’s stock worth $26,000 after purchasing an additional 250 shares during the last quarter. Kestra Advisory Services LLC bought a new position in Benchmark Electronics in the 4th quarter valued at approximately $42,000. Clearstead Advisors LLC raised its holdings in Benchmark Electronics by 246.8% in the 4th quarter. Clearstead Advisors LLC now owns 1,363 shares of the technology company’s stock valued at $58,000 after buying an additional 970 shares during the last quarter. Parkside Financial Bank & Trust boosted its position in Benchmark Electronics by 28.6% during the 4th 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 during the period. Finally, Group One Trading LLC acquired a new stake in Benchmark Electronics during the 2nd quarter worth approximately $73,000. 92.29% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Benchmark Electronics

In other news, SVP Stephen Beaver sold 20,000 shares of the stock in a transaction on Thursday, June 11th. The shares were 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 in the company, valued at $6,470,475. This represents a 21.05% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 1.10% of the company’s stock.

Benchmark Electronics Price Performance

Shares of BHE opened at $71.08 on Friday. The business has a 50-day moving average of $80.45 and a 200-day moving average of $74.30. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.99 and a quick ratio of 1.31. The company has a market capitalization of $2.55 billion, a price-to-earnings 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 earnings results on Wednesday, July 29th. The technology company reported $0.75 EPS for the quarter, beating the consensus estimate of $0.69 by $0.06. The business had revenue of $755.98 million for the quarter, compared to analysts’ expectations of $720.00 million. Benchmark Electronics had a return on equity of 7.28% and a net margin of 1.89%.The firm’s revenue was up 17.7% on a year-over-year basis. During the same period in the prior year, the business posted $0.03 earnings per share. Benchmark Electronics has set its Q3 2026 guidance at 0.760-0.820 EPS.

Analysts Set New Price Targets

BHE has been the subject of several recent research reports. Weiss Ratings upgraded shares of Benchmark Electronics from a “hold (c)” rating to a “buy (b-)” rating in a research report on Friday, July 31st. Needham & Company LLC lifted their price target on shares of Benchmark Electronics from $80.00 to $90.00 and gave the stock a “buy” rating in a report on Thursday, July 30th. Three equities research analysts have rated the stock with a Buy rating, According to MarketBeat.com, Benchmark Electronics has a consensus rating of “Buy” and an average target price of $91.00.

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.