Fifth Third Bancorp Buys 27,620 Shares of Benchmark Electronics, Inc. $BHE

Fifth Third Bancorp lifted its stake in Benchmark Electronics, Inc. (NYSE:BHE) by 8,852.6% in the 1st quarter, Holdings Channel.com reports. The firm owned 27,932 shares of the technology company’s stock after buying an additional 27,620 shares during the quarter. Fifth Third Bancorp’s holdings in Benchmark Electronics were worth $1,566,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of BHE. Royal Bank of Canada raised its holdings in Benchmark Electronics by 30.2% in the first quarter. Royal Bank of Canada now owns 14,420 shares of the technology company’s stock worth $548,000 after buying an additional 3,341 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in Benchmark Electronics by 4.6% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 21,239 shares of the technology company’s stock valued at $808,000 after buying an additional 931 shares during the period. Caxton Associates LLP purchased a new stake in shares of Benchmark Electronics in the 1st quarter worth $202,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in Benchmark Electronics by 12.2% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 104,673 shares of the technology company’s stock valued at $3,981,000 after purchasing an additional 11,369 shares during the period. Finally, Jane Street Group LLC grew its stake in shares of Benchmark Electronics by 99.8% during the 1st quarter. Jane Street Group LLC now owns 107,802 shares of the technology company’s stock valued at $4,100,000 after acquiring an additional 53,840 shares during the period. Institutional investors own 92.29% of the company’s stock.

Benchmark Electronics Price Performance

Shares of BHE stock opened at $84.06 on Friday. The company has a market capitalization of $3.02 billion, a P/E ratio of 88.48 and a beta of 1.24. The company’s 50-day simple moving average is $86.66 and its two-hundred day simple moving average is $68.85. Benchmark Electronics, Inc. has a one year low of $34.44 and a one year high of $100.41. The company has a debt-to-equity ratio of 0.18, a current ratio of 2.18 and a quick ratio of 1.42.

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

Benchmark Electronics Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, July 10th. Shareholders of record on Tuesday, June 30th were given a dividend of $0.17 per share. The ex-dividend date of this dividend was Tuesday, June 30th. This represents a $0.68 dividend on an annualized basis and a yield of 0.8%. Benchmark Electronics’s payout ratio is 71.58%.

Insider Buying and Selling at Benchmark Electronics

In other Benchmark Electronics news, CEO David Moezidis sold 12,500 shares of the company’s stock in a transaction on Tuesday, May 26th. The stock was sold at an average price of $87.57, for a total value of $1,094,625.00. Following the completion of the sale, the chief executive officer directly owned 85,564 shares in the company, valued at approximately $7,492,839.48. This represents a 12.75% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director David W. Scheible sold 22,989 shares of the company’s stock in a transaction on Wednesday, May 13th. The stock was sold at an average price of $85.00, for a total value of $1,954,065.00. Following the completion of the sale, the director 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. The SEC filing for this sale provides additional information. Insiders sold a total of 86,352 shares of company stock worth $7,312,806 over the last quarter. Insiders own 1.10% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the stock. Lake Street Capital reiterated a “buy” rating and set a $92.00 price objective on shares of Benchmark Electronics in a research report on Thursday, April 30th. Needham & Company LLC increased their price objective on shares of 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 restated a “hold (c)” rating on shares of Benchmark Electronics in a research report on Friday, July 17th. Two analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus 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.