First Citizens Bank & Trust Co. Makes New $331,000 Investment in Benchmark Electronics, Inc. $BHE

First Citizens Bank & Trust Co. purchased a new position in shares of Benchmark Electronics, Inc. (NYSE:BHE) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 8,524 shares of the technology company’s stock, valued at approximately $331,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in BHE. Nuveen LLC bought a new stake in shares of Benchmark Electronics during the 1st quarter worth about $6,746,000. Kovitz Investment Group Partners LLC raised its position in shares of Benchmark Electronics by 520.4% during the 1st quarter. Kovitz Investment Group Partners LLC now owns 197,280 shares of the technology company’s stock worth $7,503,000 after buying an additional 165,482 shares in the last quarter. Peregrine Capital Management LLC bought a new stake in shares of Benchmark Electronics during the 1st quarter worth about $4,859,000. Allianz Asset Management GmbH raised its position in shares of Benchmark Electronics by 35.5% during the 1st quarter. Allianz Asset Management GmbH now owns 423,405 shares of the technology company’s stock worth $16,102,000 after buying an additional 111,022 shares in the last quarter. Finally, Algert Global LLC raised its position in shares of Benchmark Electronics by 224.9% during the 1st quarter. Algert Global LLC now owns 150,059 shares of the technology company’s stock worth $5,707,000 after buying an additional 103,870 shares in the last quarter. 92.29% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, SVP Jan M. Janick sold 10,004 shares of the business’s stock in a transaction that occurred 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 transaction, the senior vice president directly owned 62,368 shares of the company’s stock, valued at approximately $2,525,904. The trade was a 13.82% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 2.20% of the company’s stock.

Analysts Set New Price Targets

BHE has been the topic of several recent research reports. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Benchmark Electronics in a research note on Friday. Wall Street Zen cut shares of Benchmark Electronics from a “buy” rating to a “hold” rating in a research note on Saturday, August 2nd. Finally, Needham & Company LLC dropped their target price on shares of Benchmark Electronics from $48.00 to $47.00 and set a “buy” rating on the stock in a research report on Friday, August 1st. 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, Benchmark Electronics has an average rating of “Moderate Buy” and a consensus price target of $46.50.

Benchmark Electronics Stock Performance

Benchmark Electronics stock opened at $42.38 on Monday. The firm’s 50 day simple moving average is $39.71 and its 200-day simple moving average is $38.42. Benchmark Electronics, Inc. has a fifty-two week low of $30.73 and a fifty-two week high of $52.57. The company has a market cap of $1.52 billion, a P/E ratio of 40.36 and a beta of 1.06. The company has a debt-to-equity ratio of 0.18, a current ratio of 2.36 and a quick ratio of 1.46.

Benchmark Electronics (NYSE:BHE) last announced its quarterly earnings data on Wednesday, July 30th. The technology company reported $0.55 EPS for the quarter, beating analysts’ consensus estimates of $0.54 by $0.01. Benchmark Electronics had a net margin of 1.48% and a return on equity of 6.08%. The firm had revenue of $642.34 million for the quarter, compared to the consensus estimate of $638.67 million. During the same period in the previous year, the firm posted $0.57 earnings per share. The firm’s revenue was down 3.6% on a year-over-year basis. Benchmark Electronics has set its Q3 2025 guidance at 0.560-0.620 EPS.

Benchmark Electronics Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, October 13th. Investors of record on Tuesday, September 30th were given a dividend of $0.17 per share. The ex-dividend date of this dividend was Tuesday, September 30th. This represents a $0.68 dividend on an annualized basis and a yield of 1.6%. Benchmark Electronics’s payout ratio is presently 64.76%.

Benchmark Electronics 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.