Benchmark Electronics (NYSE:BHE) Stock, Quote.Headers.trade-ideas

Benchmark Electronics

Benchmark Electronics Inc is engaged in product designing, engineering services, technology solutions, and advanced manufacturing services (electronic manufacturing services (EMS) and precision technology services). It serves various industries, including aerospace & defense (A&D), medical technologies, complex industrials, semiconductor capital equipment, next-generation telecommunications, and high-end computing. Its geographical segments are the Americas, Asia and Europe of which key revenue is derived from the Americas.

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Benchmark Electronics Analysts Increase Their Forecasts After Better-Than-Expected Earnings

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C.H. Robinson Worldwide Posts Upbeat Results, Joins Avis Budget Group, Qualcomm, BorgWarner, Moderna And Other Big Stocks Moving Higher On Thursday

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U.S. stock futures were higher this morning, with the Nasdaq futures gaining by around 100 points on Wednesday.

Oddity Tech Posts Q4 Results, Joins Ross Stores And Other Big Stocks Moving Lower In Wednesday&#39;s Pre-Market Session

Benchmark Electronics Inc

<p>New Facility Will Enable Further Vertical Integration when Coupled with Existing Benchmark Facilities in&nbsp;Penang, Adding Critical Capacity and Capabilities</p>


Benchmark Unveils Fourth Facility In Penang, Strengthening Semiconductor And Aerospace Services

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Benchmark Electronics shares are trading higher after the company reported better-than-expected Q2 financial results and issued Q3 adjusted EPS guidance above estimates. Also, Needham and Lake Street raised their respective price targets on the stock.

<p>Benchmark Electronics, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BHE#NYSE">BHE</a>) reported better-than-expected <a href="https://www.benzinga.com/quote/BHE/earnings">second-quarter earnings on Tuesday</a>.</p>
<p>Benchmark Electronics reported quarterly earnings of 57 cents per share which beat the analyst consensus estimate of 51 cents per share. The company reported quarterly sales of $666.00 million which beat the analyst consensus estimate of $635.75 million.</p>
<p>&#8220;Once again Benchmark delivered solid results, demonstrating consistent progress toward achieving our longer-term operational objectives,&#8221; said Jeff Benck, Benchmark&#8217;s President and CEO. &#8220;While market uncertainty persists across a number of our sectors, we remain focused on executing for our customers while protecting margins, driving down inventories and delivering positive free cash flow, which we now expect to exceed $120 million in fiscal year 2024.&#8221;</p>
<p>Benchmark said it sees third-quarter revenue of $630 million to $670 million and adjusted earnings of 52 cents to 58 cents per share.</p>
<p>Benchmark shares rose 15.5% to trade at $47.01 on Wednesday.</p>
<p>These analysts made changes to their price targets on Benchmark following earnings announcement.</p>
<ul>
<li><a href="https://www.benzinga.com/analyst-stock-ratings/analyst/591b27b4290fa70001b1563e/james-ricchiuti">Needham analyst James Ricchiuti </a>maintained Benchmark Electronics with a Buy and boosted the price target from $40 to $45.</li>
<li><a href="https://www.benzinga.com/analyst-stock-ratings/analyst/58da738cb85e9300014639e3/jaeson-schmidt">Lake Street analyst Jaeson Schmidt</a> maintained the stock with a Buy and raised the price target from $35 to $46.</li>
</ul>
<p><strong>Read More: </strong></p>
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</ul>



<p>Lake Street  analyst Jaeson Schmidt   maintains Benchmark Electronics (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BHE#NYSE">BHE</a>) with a Buy and raises the price target from $35 to $46.</p>


Lake Street Maintains Buy on Benchmark Electronics, Raises Price Target to $46

<p>Needham  analyst James Ricchiuti   maintains Benchmark Electronics (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BHE#NYSE">BHE</a>) with a Buy and raises the price target from $40 to $45.</p>


Needham Maintains Buy on Benchmark Electronics, Raises Price Target to $45

Guidance

Benchmark Sees Q3 2024 Revenue $630M-$670M Vs $635M Estimate, Sees Adj. EPS $0.52-$0.58 Vs $0.51 Estimate

<p>Benchmark Electronics (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BHE#NYSE">BHE</a>) reported quarterly earnings of $0.57 per share which beat the analyst consensus estimate of $0.51 by 11.76 percent.  The company reported quarterly sales of $666.00 million which beat the analyst consensus estimate of $635.75 million by 4.76 percent.  This is a 9.17 percent decrease over sales of $733.23 million the same period last year.</p>


Earnings Beats

Benchmark Electronics Q2 2024 Adj EPS $0.57 Beats $0.51 Estimate, Sales $666.00M Beat $635.75M Estimate

<h3>Gainers</h3>
<ul>
<li><strong>Hewlett Packard</strong> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HPE#NYSE">HPE</a>) stock moved upwards by 11.0% to $19.54 during Tuesday's after-market session. The company's market cap stands at $25.3 billion. As per the news, the Q2 earnings report came out today. </li>
<li><strong>Guidewire Software</strong> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GWRE#NYSE">GWRE</a>) shares rose 8.28% to $117.0. The market value of their outstanding shares is at $9.7 billion. As per the news, the Q3 earnings report came out today. </li>
<li><strong>Rubicon Technologies</strong> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RBT#NYSE">RBT</a>) shares rose 2.68% to $0.21. The market value of their outstanding shares is at $11.3 million. </li>
<li><strong>Signing Day Sports</strong> (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/SGN#AMEX">SGN</a>) shares moved upwards by 2.13% to $0.3. The market value of their outstanding shares is at $4.6 million. </li>
<li><strong>SentinelOne</strong> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/S#NYSE">S</a>) stock increased by 0.98% to $17.38. The company's market cap stands at $5.4 billion. As per the press release, Q1 earnings came out 3 days ago. </li>
<li><strong>HP</strong> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HPQ#NYSE">HPQ</a>) shares moved upwards by 0.7% to $35.6. The market value of their outstanding shares is at $34.8 billion. The company's, Q2 earnings came out 4 days ago. </li>
</ul>
<h3>Losers</h3>
<ul>
<li><strong>AMTD Digital</strong> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HKD#NYSE">HKD</a>) stock fell 1.3% to $3.91 during Tuesday's after-market session. The company's market cap stands at $747.5 million. </li>
<li><strong>FOXO Technologies</strong> (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/FOXO#AMEX">FOXO</a>) shares declined by 1.18% to $0.31. The company's market cap stands at $3.1 million. </li>
<li><strong>Zeta Global Holdings</strong> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ZETA#NYSE">ZETA</a>) shares declined by 1.16% to $15.47. The market value of their outstanding shares is at $3.3 billion. </li>
<li><strong>Benchmark Electronics</strong> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BHE#NYSE">BHE</a>) stock declined by 0.83% to $41.01. The market value of their outstanding shares is at $1.4 billion. </li>
<li><strong>Arista Networks</strong> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ANET#NYSE">ANET</a>) shares declined by 0.72% to $291.09. The company's market cap stands at $91.2 billion. </li>
<li><strong>Celestica</strong> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CLS#NYSE">CLS</a>) shares declined by 0.67% to $52.36. The market value of their outstanding shares is at $6.2 billion.<br />
<strong>See Also:</strong> <a href="http://www.benzinga.com/money/tech-stocks/" title="www.benzinga.com/money/tech-stocks/">www.benzinga.com/money/tech-stocks/</a></li>
</ul>
<p>This article was generated by Benzinga's automated content engine and reviewed by an editor.</p>


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12 Information Technology Stocks Moving In Tuesday's After-Market Session

<p>Needham  analyst James Ricchiuti   maintains Benchmark Electronics (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BHE#NYSE">BHE</a>) with a Buy and raises the price target from $31 to $40.</p>


Needham Maintains Buy on Benchmark Electronics, Raises Price Target to $40

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Shares of companies within the broader tech sector are trading higher amid market strength after the Fed on Wednesday left rates unchanged and Fed's Chair Powell said it is unlikely that the next policy rate move would be a rate hike.

<h3>Gainers</h3>
<ul>
<li><strong>CommScope Hldg Co</strong> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COMM#NASDAQ">COMM</a>) stock moved upwards by 18.6% to $1.03 during Thursday's regular session. The market value of their outstanding shares is at $219.8 million. </li>
<li><strong>Next Technology Holding</strong> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NXTT#NASDAQ">NXTT</a>) shares rose 17.13% to $4.34. The market value of their outstanding shares is at $28.4 million. </li>
<li><strong>Benchmark Electronics</strong> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BHE#NYSE">BHE</a>) stock rose 16.6% to $35.32. The company's market cap stands at $1.2 billion. As per the press release, Q1 earnings came out yesterday. </li>
<li><strong>FormFactor</strong> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FORM#NASDAQ">FORM</a>) stock moved upwards by 14.38% to $50.32. The market value of their outstanding shares is at $3.8 billion. The company's, Q1 earnings came out yesterday. </li>
<li><strong>Maxeon Solar Technologies</strong> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MAXN#NASDAQ">MAXN</a>) stock rose 13.4% to $2.2. The market value of their outstanding shares is at $116.1 million. </li>
<li><strong>NextTrip</strong> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NTRP#NASDAQ">NTRP</a>) shares rose 13.25% to $2.79. The company's market cap stands at $3.7 million. </li>
</ul>
<h3>Losers</h3>
<ul>
<li><strong>Fastly</strong> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FSLY#NYSE">FSLY</a>) stock declined by 34.9% to $8.42 during Thursday's regular session. The market value of their outstanding shares is at $1.1 billion. As per the news, the Q1 earnings report came out yesterday. </li>
<li><strong>Brand Engagement Network</strong> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BNAI#NASDAQ">BNAI</a>) shares decreased by 29.86% to $1.48. The market value of their outstanding shares is at $49.3 million. </li>
<li><strong>Freshworks</strong> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FRSH#NASDAQ">FRSH</a>) stock declined by 25.9% to $13.53. The company's market cap stands at $4.0 billion. As per the press release, Q1 earnings came out yesterday. </li>
<li><strong>Netgear</strong> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NTGR#NASDAQ">NTGR</a>) shares fell 19.72% to $11.99. The company's market cap stands at $348.6 million. As per the press release, Q1 earnings came out yesterday. </li>
<li><strong>Appian</strong> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/APPN#NASDAQ">APPN</a>) stock declined by 18.65% to $29.88. The market value of their outstanding shares is at $2.1 billion. As per the news, the Q1 earnings report came out today. </li>
<li><strong>MMTEC</strong> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MTC#NASDAQ">MTC</a>) shares fell 17.5% to $2.5. The market value of their outstanding shares is at $497.8 million.<br />
<strong>See Also:</strong> <a href="http://www.benzinga.com/money/tech-stocks/" title="www.benzinga.com/money/tech-stocks/">www.benzinga.com/money/tech-stocks/</a></li>
</ul>
<p>This article was generated by Benzinga's automated content engine and reviewed by an editor.</p>


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12 Information Technology Stocks Moving In Thursday's Intraday Session

<p>U.S. stocks were higher, with the Dow Jones index gaining over 50 points on Thursday.</p>
<p>Shares of <strong>C.H. Robinson Worldwide, Inc</strong>. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CHRW#NASDAQ">CHRW</a>) rose sharply during Thursday's session after the company reported better-than-expected <a href="https://www.benzinga.com/quote/CHRW/earnings">first-quarter financial results</a>.</p>
<p>C.H. Robinson Worldwide posted adjusted earnings of 86 cents per share, beating market estimates of 82 cents per share. The company's quarterly sales came in at $4.412 billion versus expectations of $4.269 billion, according to data from <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>.</p>
<p>C.H. Robinson Worldwide shares jumped 16.8% to $84.24 on Thursday.</p>
<p>Here are some other big stocks recording gains in today's session.</p>
<ul>
<li><strong>Aspen Aerogels, Inc.</strong> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ASPN#NYSE">ASPN</a>) jumped 37.5% to $20.92 after the company reported better-than-expected first-quarter financial results.</li>
<li><strong>Carvana Co. </strong>(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CVNA#NYSE">CVNA</a>) rose 35.8% to $118.19 after the company announced upbeat quarterly results.</li>
<li><strong>Enovix Corporation</strong> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ENVX#NASDAQ">ENVX</a>) surged 27.1% to $8.27 after the company reported mixed first-quarter financial results.</li>
<li><strong>Gannett Co., Inc</strong>. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GCI#NYSE">GCI</a>) rose 22.3% to $2.9519 following strong quarterly results.</li>
<li><strong>Perdoceo Education Corporation</strong> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PRDO#NASDAQ">PRDO</a>) jumped 19.4% to $21.89 following upbeat results.</li>
<li><strong>Pulmonx Corporation</strong> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LUNG#NASDAQ">LUNG</a>) rose 19.2% to $9.20 after the company reported better-than-expected first-quarter financial results.</li>
<li><strong>Benchmark Electronics, Inc</strong>. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BHE#NYSE">BHE</a>) surged 18.3% to $35.82 following better-than-expected quarterly results.</li>
<li><strong>Pitney Bowes Inc</strong>. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PBI#NYSE">PBI</a>) rose 18% to $4.97 following strong quarterly results.</li>
<li><strong>Rush Street Interactive, Inc</strong>. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RSI#NYSE">RSI</a>) shares gained 17.4% to $7.53 after the company reported better-than-expected first-quarter financial results and issued FY24 revenue guidance above estimates.</li>
<li><strong>Avis Budget Group, Inc</strong>. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CAR#NASDAQ">CAR</a>) rose 15.7% to $109.62 after the company reported mixed first-quarter financial results.</li>
<li><strong>Howmet Aerospace Inc</strong>. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HWM#NYSE">HWM</a>) climbed 15.2% to $76.93 after the company reported better-than-expected first-quarter financial results.</li>
<li><strong>Sunnova Energy International Inc.</strong> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NOVA#NYSE">NOVA</a>) rose 15% to $4.0399 after the company reported better-than-expected first-quarter adjusted EPS results.</li>
<li><strong>Valmont Industries, Inc</strong>. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VMI#NYSE">VMI</a>) rose 14.4% to $237.65 after the company posted upbeat quarterly earnings and raised FY24 EPS guidance.</li>
<li><strong>Blueprint Medicines Corporation</strong> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BPMC#NASDAQ">BPMC</a>) gained 13.7% to $107.81 after the company reported better-than-expected first-quarter results and raised FY24 revenue guidance.</li>
<li><strong>Lantheus Holdings, Inc</strong>. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LNTH#NASDAQ">LNTH</a>) surged 12.8% to $76.09 after the company reported better-than-expected first-quarter results and raised its FY24 adjusted EPS outlook.</li>
<li><strong>Sprouts Farmers Market, Inc</strong>. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SFM#NASDAQ">SFM</a>) climbed 12% to $72.08 after the company reported better-than-expected first-quarter EPS and sales.</li>
<li><strong>Wayfair Inc.</strong> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/W#NYSE">W</a>) gained 11.7% to $56.53 after the company reported better-than-expected first-quarter financial results.</li>
<li><strong>Tronox Holdings plc</strong> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TROX#NYSE">TROX</a>) rose 10.8% to $18.94 following strong sales.</li>
<li><strong>Kontoor Brands, Inc.</strong> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KTB#NYSE">KTB</a>) gained 9.9% to $68.29 following better-than-expected quarterly results.</li>
<li><strong>QUALCOMM Incorporated</strong> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QCOM#NASDAQ">QCOM</a>) climbed 8.5% to $178.02 after the company reported better-than-expected second-quarter financial results, raised its dividend and issued third-quarter guidance.</li>
<li><strong>Belden Inc</strong>. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BDC#NYSE">BDC</a>) gained 8.2% to $87.95 after the company reported mixed first-quarter earnings and announced the acquisition of Precision Optical Technologies.</li>
<li><strong>Kellanova</strong> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/K#NYSE">K</a>) rose 8.1% to $61.60 following upbeat earnings.</li>
<li><strong>Glaukos Corporation</strong> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GKOS#NYSE">GKOS</a>) gained 7.7% to $106.55 following strong sales.</li>
<li><strong>Sealed Air Corporation</strong> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SEE#NYSE">SEE</a>) surged 7.7% to $34.60 after the company reported better-than-expected quarterly financial results.</li>
<li><strong>BorgWarner Inc</strong>. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BWA#NYSE">BWA</a>) gained 7.7% to $35.39 following upbeat earnings.</li>
<li><strong>Itron, Inc.</strong> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ITRI#NASDAQ">ITRI</a>) rose 7.4% to $98.39 following upbeat earnings.</li>
<li><strong>IAC Inc.</strong> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IAC#NASDAQ">IAC</a>) gained 6.8% to $51.11 after it was announced the stock will join the S&amp;P SmallCap 600.</li>
<li><strong>Moderna, Inc</strong>. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MRNA#NASDAQ">MRNA</a>) shares jumped 6.5% to $118.75 following first-quarter results.</li>
</ul>
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Benchmark Electronics Sees Q2 Adj. EPS $0.48-$0.54 vs $0.41 Est., Revenue $615M-$655M vs $632.9M Est.

<p>Benchmark Electronics (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BHE#NYSE">BHE</a>) reported quarterly earnings of $0.55 per share which beat the analyst consensus estimate of $0.46 by 19.57 percent.  The company reported quarterly sales of $676.000 million which beat the analyst consensus estimate of $645.000 million by 4.81 percent.  This is a 2.69 percent decrease over sales of $694.695 million the same period last year.</p>


Benchmark Electronics Q1 2024 Adj EPS $0.55 Beats $0.46 Estimate, Sales $676.000M Beat $645.000M Estimate

<p>Sidoti &amp; Co.  analyst Anja Soderstrom   downgrades Benchmark Electronics (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BHE#NYSE">BHE</a>) from Buy to Neutral and announces $33 price target.</p>


Downgrades

Sidoti & Co. Downgrades Benchmark Electronics to Neutral, Announces $33 Price Target

Benchmark Electronics Reiterates Its Prior Expectations For Q1'FY24 Including Revenue Of $625M-$665M (Est $645M), Adj EPS Of $0.42-$0.48 (Est $0.46)

<p>Lakkaraju will remain in his current role until&nbsp;April 1, 2024.</p>


Management

Benchmark Electronics Says Roop K. Lakkaraju, Executive Vice President And CFO, Intends To Resign From His Position To Pursue Another Professional Opportunity

<p>U.S. stock futures were higher this morning, with the Nasdaq futures gaining by around 100 points on Wednesday.</p>
<p>Shares of <strong> Oddity Tech Ltd. </strong> (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/odd#NASDAQ">ODD</a>) fell sharply in today&rsquo;s pre-market trading after the company reported worse-than-expected fourth-quarter EPS results and issued FY24 EPS <a href="https://www.benzinga.com/quote/ODD/earnings">guidance below estimates</a>.</p>
<p>ODDITY Tech posted earnings of 8 cents per share, missing market estimates of 12 cents per share. The company&rsquo;s quarterly sales came in at $97.25 million versus expectations of $86.38 million, according to data from <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>.</p>
<p>Oddity Tech shares tumbled 10.4% to $41.10 in pre-market trading.</p>
<p>Here are some big stocks recording losses in today&rsquo;s pre-market trading session.</p>
<ul>
<li><strong>Entravision Communications Corporation </strong> (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/evc#NYSE">EVC</a>) shares tumbled 50.1% to $1.78 in pre-market trading after the company received communication from Meta indicating its intention to wind down its ASP program globally, ending its relationship with all ASPs, including Entravision, by July 1. The ASP program represented a large portion of Entravision&#39;s total consolidated revenue.</li>
<li><strong>Grifols, S.A. </strong> (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/grfs#NASDAQ">GRFS</a>) dipped 10.4% to $5.53 in pre-market trading after declining around 7% on Tuesday.</li>
<li><strong>SOPHiA GENETICS SA</strong> (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/soph#NASDAQ">SOPH</a>) shares fell 6.4% to $5.24 in pre-market trading. Sophia Genetics recently reported worse than expected fourth-quarter earnings and issued 2024 guidance.</li>
<li><strong>Golden Ocean Group Limited</strong> (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/gogl#NASDAQ">GOGL</a>) declined 4.4% to $12.69 in pre-market trading. Golden Ocean Group recently reported better-than-expected fourth-quarter financial results.</li>
<li><strong>Benchmark Electronics, Inc.</strong> (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/bhe#NYSE">BHE</a>) shares slipped 4.2% to $29.35 in pre-market trading.</li>
<li><strong>Digital World Acquisition Corp.</strong> (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/dwac#NASDAQ">DWAC</a>) shares fell 4.1% to $44.60 in pre-market trading.</li>
<li><strong>Ross Stores, Inc.</strong> (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/rost#NASDAQ">ROST</a>) shares fell 1.8% to $146.50 in pre-market trading following fourth-quarter results.</li>
</ul>
<p>&nbsp;</p>
<p>Now Read This: <a href="https://www.benzinga.com/news/earnings/24/03/37502521/fear-greed-index-moves-to-greed-zone-dow-dips-over-400-points"><em> Fear &amp; Greed Index Moves To &#39;Greed&#39; Zone; Dow Dips Over 400 Points </em></a></p>
<p><em>Don&rsquo;t forget to check out our <a href="https://www.benzinga.com/premarket/"> premarket coverage here </a></em></p>


Oddity Tech Posts Q4 Results, Joins Ross Stores And Other Big Stocks Moving Lower In Wednesday's Pre-Market Session

<p>Needham  analyst James Ricchiuti   maintains Benchmark Electronics (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BHE#NYSE">BHE</a>) with a Buy and raises the price target from $30 to $31.</p>


Needham Maintains Buy on Benchmark Electronics, Raises Price Target to $31

<p><strong>Benchmark Electronics</strong> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BHE#NYSE">BHE</a>) reported its Q4 earnings results on Wednesday, January 31, 2024 at 04:07 PM.</p>
<p>Here's what investors need to know about the announcement.</p>
<h3>Earnings</h3>
<p>Benchmark Electronics beat estimated earnings by 3.57%, reporting an EPS of $0.58 versus an estimate of $0.56.</p>
<p>Revenue was down $59.29 million from the same period last year.</p>
<h3>Past Earnings Performance</h3>
<p>Last quarter the company beat on EPS by $0.05 which was followed by a 4.4% increase in the share price the next day.</p>
<p>Here's a look at Benchmark Electronics's past performance:</p>
<p>
<table>
<thead>
<tr>
<th><strong>Quarter</strong></th>
<th><strong>Q3 2023</strong></th>
<th><strong>Q2 2023</strong></th>
<th><strong>Q1 2023</strong></th>
<th><strong>Q4 2022</strong></th>
</tr>
</thead>
<tbody>
<tr>
<td><strong>EPS Estimate</strong></td>
<td>0.52</td>
<td>0.47</td>
<td>0.42</td>
<td>0.59</td>
</tr>
<tr>
<td><strong>EPS Actual</strong></td>
<td>0.57</td>
<td>0.48</td>
<td>0.42</td>
<td>0.60</td>
</tr>
<tr>
<td><strong>Revenue Estimate</strong></td>
<td>701.75M</td>
<td>692.50M</td>
<td>660.75M</td>
<td>775.25M</td>
</tr>
<tr>
<td><strong>Revenue Actual</strong></td>
<td>719.70M</td>
<td>733.23M</td>
<td>694.70M</td>
<td>750.64M</td>
</tr>
</tbody>
</table>
</p>
<p>To track all earnings releases for Benchmark Electronics <a href="https://www.benzinga.com/quote/BHE/earnings">visit their earnings calendar here.</a> </p>
<p>This article was generated by Benzinga's automated content engine and reviewed by an editor.</p>


Benchmark Electronics: Q4 Earnings Insights

<p><a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a></p>
<p>Small-cap stocks are hurt more by high interest rates than their larger peers. Without the same access to capital, they are forced to borrow money at higher rates. The Federal Reserve&rsquo;s higher-for-longer policies have weighed heavily on the <strong>Russell 2000</strong> small-cap index. It is up only 11% over the past year compared to a 25% gain by the <strong>S&amp;P 500</strong>. However, that dip could be highlighting a buying opportunity among Russell 2000 stocks for long-term growth.</p>



<p><a href="https://investorplace.com/2024/06/7-russell-2000-stocks-to-buy-now-june-2024/">Not all small-cap stocks</a> are impacted the same. Some enjoy company or industry dynamics that push their shares higher regardless while offering significant drivers for expansion. The following companies to buy are all Russell 2000 stocks for long-term growth potential. Let&rsquo;s dig into their unique situations that position them for outperformance.</p>



<h2>Benchmark Electronics (BHE)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2019/07/semiconductor1600b-300x169.jpg" alt="In Ultra Modern Electronic Manufacturing Factory Design Engineer in Sterile Coverall Holds Microchip with Gloves and Examines it. Semiconductor stocks to sell. Undervalued Semiconductor Stocks"><div>Source: Shutterstock</div></div><p>With everyone focusing on the headline names in semiconductors for investment ideas, it allows smaller, less prominent companies to fly under the radar. That provides an excellent opportunity for savvy investors to <a href="https://investorplace.com/2024/05/small-caps-big-dreams-7-unstoppable-russell-2000-stocks-to-buy-in-may/">swoop in before anyone notices</a>. <strong>Benchmark Electronics</strong> (NYSE:<span><a href="https://investorplace.com/stock-quotes/bhe-stock-quote/"><strong>BHE</strong></a></span>) is a hidden Russell 2000 stock that offers significant long-term growth from the AI phenomenon.</p>



<p>A design and manufacturing services firm to a diverse customer base across semiconductors, aerospace, medical and other industries, Benchmark Electronics is witnessing tremendous growth across all segments. In particular, semiconductor capital equipment &mdash; its largest segment &mdash; surged 25% to $166 million. It helped BHE produce its <a href="https://www.sec.gov/ix?doc=/Archives/edgar/data/863436/000095017024051331/bhe-20240501.htm">fourth consecutive quarter</a> of positive cash flow from operations and free cash flow (<span>FCF</span>).</p>



<p>The stock is up 42% in 2024 and is 58% higher over the past 12 months. It trades at just a fraction of its sales and a rock bottom 9 times FCF. With Wall Street forecasting earnings to grow 22% a year for the next five years, Benchmark Electronics is a Russell 2000 stock for long-term growth to buy now.</p>



<h2>Vista Outdoor (VSTO)</h2>



<a href="https://investorplace.com/wp-content/uploads/2020/06/vsto-1600-stock.jpg"><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2020/06/vsto-1600-stock-300x169.jpg" alt="Vista outdoor"></a><p>Outdoor lifestyle stock <strong>Vista Outdoor</strong> (NYSE:<span><a href="https://investorplace.com/stock-quotes/vsto-stock-quote/"><strong>VSTO</strong></a></span>) is in the <a href="https://investorplace.com/2024/05/3-unstoppable-russell-2000-stocks-to-buy-before-june/">middle of a bidding war</a>. Either the company will be sold as a whole or its shooting sports division will be calved off. With Vista favoring the latter option, it represents a unique opportunity.</p>



<p>The company sells outdoors equipment like camping, fishing and hunting gear. It also has an important shooting sports unit that owns some of the top ammunition brands on the market including Federal and Remington. Vista&rsquo;s original plan was to spinoff the shooting sports business into a new company called The Kinetic Group while Vista Outdoor would be rebranded as Revelyst and focused on outdoor equipment.</p>



<p>However, it received an offer from Prague-based <strong>Czechoslovak Group</strong> to buy Kinetic for $1.9 billion. It subsequently received a counter offer from <strong>MNC Capital Partners</strong> to buy the whole company for $37.50 per share which Vista rejected as undervaluing the business. MNC returned with an improved offer of $39.50 a share, or $3 billion, that it said wouldn&rsquo;t face foreign investment scrutiny but Vista rejected that as well.</p>



<p>Czechoslovak Group then raised its bid for Kinetic to $2 billion and now MNC has <a href="https://www.marketwatch.com/story/mnc-capital-raises-offer-for-vista-outdoor-to-3-2-billion-2nd-update-5923c5e5?mod=newsviewer_click">returned with a final offer</a> of $42 per share or $3.2 billion. The improved bid represents a 25% premium to Vista&rsquo;s closing price on Monday. Vista agreed to accept Czechoslovakia&rsquo;s improvements on Monday and on Tuesday the Committee on Foreign Investment in the United States cleared the transaction.</p>



<p>Depending on which way the sale goes, Vista Outdoor (Revelyst) could be an attractive business for long-term growth.</p>



<h2>Cactus (WHD)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2021/02/oil-pipeline-1600-300x169.jpg" alt="Pipelines in the desert"><div>Source: bht2000 / Shutterstock.com</div></div><p>Oil field services firm <strong>Cactus</strong> (NYSE:<span><a href="https://investorplace.com/stock-quotes/whd-stock-quote/"><strong>WHD</strong></a></span>) is a play on the <a href="https://investorplace.com/2024/04/3-under-the-radar-stocks-peter-lynch-would-love-to-invest-in/">long tail opportunity</a> in fossil fuels. Although renewable energy sources are slowly capturing a greater share of energy demand, there is not enough capacity to meet global needs. As we&rsquo;ve seen with electric vehicles, consumers prefer the reliability and availability of oil and natural gas.</p>



<p>Cactus sells pressure control equipment for wellheads as well as spoolable pipe and fittings, or flexible pipe for winding onto a spool. First-quarter revenue jumped 20% from the year-ago period to $274 million while operating profits surged 26% to $62.6 million. Adjusted earnings per share of 75 cents were 17% higher year-over-year.</p>



<p>Geopolitical concerns are weighing on Cactus&rsquo; outlook as it <a href="https://www.sec.gov/ix?doc=/Archives/edgar/data/1699136/000169913624000063/whd-20240501.htm">offered cautious guidance</a> for the second quarter but the stock is up 14% so far this year and is 33% higher from where it stood 12 months ago. Shares trade for 15 times next year&rsquo;s earnings and a bargain-basement 10x FCF. With long-term earnings expansion expected to more than double over the next five years, Cactus is a Russell 2000 stock to buy for long-term growth.</p>



<p><em>On the date of publication, Rich Duprey held a LONG position in VSTO stock. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com <a href="https://investorplace.com/corporate/investorplace-publishing-guidelines/">Publishing Guidelines</a>.</em></p>
<div><p>Rich Duprey has written about stocks and investing for the past 20 years. His articles have appeared on Nasdaq.com, The Motley Fool, and Yahoo! Finance, and he has been referenced by U.S. and international publications, including MarketWatch, Financial Times, Forbes, Fast Company, USA Today, Milwaukee Journal Sentinel, Cheddar News, The Boston Globe, L&rsquo;Express, and numerous other news outlets.</p></div><h3>More From InvestorPlace</h3>
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<p>The post <a href="https://investorplace.com/2024/06/3-russell-2000-stocks-that-could-make-your-grandchildren-rich/">3 Russell 2000 Stocks That Could Make Your Grandchildren Rich</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.</p>

3 Russell 2000 Stocks That Could Make Your Grandchildren Rich

<p><a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a></p>
<p><a href="https://investorplace.com/stock-types/dividend-stocks/">Dividend stocks</a> have long been investor favorites. Not only do dividends provide a reliable stream of income but they also increase a portfolio&rsquo;s returns over time. They get even more exciting if they&rsquo;re undervalued dividend stocks.</p>



<p>Since 1930, dividend stocks outperformed all other classes of stocks. The Hartford Funds found that over the last 95 years, stocks on the <strong>S&amp;P 500</strong> that initiated and raised their dividends have never had a losing decade. Through world wars and global pandemics, income-generating stocks were the best investments. No other stock can say the same.</p>



<p>And it stands to reason. Dividend stocks to buy are <a href="https://investorplace.com/2024/07/cash-flow-alert-3-stocks-that-just-raised-their-dividends/">successful businesses</a>, and having gone through numerous business and economic cycles, have come through the trials intact. With capable management and a conservative outlook, they steered their companies well and shared their success &mdash; and profits &mdash; with shareholders.</p>



<p>Below are three undervalued dividend stocks to buy in July. Despite the bull market and regardless of their performance, they now represent some of the best investments available.</p>



<h2>Ford (F)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2021/12/shutterstock_760679017-300x169.png" alt="Ford dealership sign against a blue sky."><div>Source: D K Grove / Shutterstock.com</div></div><p>Everyone focuses on <strong>Tesla</strong> (NASDAQ:<span><a href="https://investorplace.com/stock-quotes/tsla-stock-quote/"><strong>TSLA</strong></a></span>) when it comes to electric vehicles, but <strong>Ford</strong> (NYSE:<span><a href="https://investorplace.com/stock-quotes/f-stock-quote/"><strong>F</strong></a></span>) is the sleeper play in the industry. Second-quarter U.S. sales inched up 0.8% and are 3.6% higher over the first half of 2024, but virtually all of the growth came <a href="https://investorplace.com/2024/05/ford-stock-analysis-can-a-hybrid-shift-overcome-ev-growing-pains/">from hybrid vehicles</a> and EVs.</p>



<p>Hybrid sales surged 55.6% in the quarter, a record 53,822 vehicles, powered by the light-duty Maverick. The model accounts for almost 44% of total hybrid volume for the first six months of the year. Fully 59% of all Maverick buyers are considered &ldquo;conquest&rdquo; customers, or those who were <a href="https://www.freep.com/story/money/cars/ford/2024/03/04/ford-maverick-monthly-sales-record-hybrid-pickup/72836485007/">considering buying other brands</a>. They are trading in their compact cars and crossovers in favor of the truck&rsquo;s flexibility and adaptability.</p>



<p>Ford president and CEO Jim Farley told analysts earlier this year, &ldquo;It&rsquo;s one of our fastest-growing vehicles.&rdquo; Sales are growing so fast Farley thinks Ford may run into a supply problem.</p>



<p>Yet F-150 hybrid pickups are also driving off the lots at a brisk pace with sales up 38% in the second quarter. The Escape was also rising 35% for the period.</p>



<p>Having been burned by its all-in bet on battery EVs, Ford quickly pivoted to hybrids and is reaping the benefits. Ford stock is up 7% in 2024 but trades at less than 7 times next year&rsquo;s earnings. With its dividend yielding an attractive 5.3% annually, the automaker is one of the undervalued dividend stocks to buy in July.</p>



<h2>Benchmark Electronics (BHE)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2019/07/semiconductor1600d-300x169.jpg" alt="a machine manufactures semiconductor chips in a factory setting. AI Semiconductor Stocks"><div>Source: Shutterstock</div></div><p>Small-cap powerhouse <strong>Benchmark Electronics</strong> (NYSE:<span><a href="https://investorplace.com/stock-quotes/bhe-stock-quote/"><strong>BHE</strong></a></span>) is on a roll this year, up 41% and stands 51% higher over the last 12 months. The semiconductor capital equipment manufacturer is an <a href="https://investorplace.com/2024/05/small-caps-big-dreams-7-unstoppable-russell-2000-stocks-to-buy-in-may/">under-the-radar play on artificial intelligence</a>. It provides product design, engineering, technology and manufacturing services for original equipment manufacturers (<span>OEMs</span>), and also serves the aerospace, defense and medical industries.</p>



<p>The proliferation of AI across the semiconductor industry but also throughout the other markets it serves, created a sales explosion for Benchmark. Semiconductor sales, its largest market, enjoyed a 12% increase in revenue but was dwarfed by a 35% surge in aerospace sales. Adjusted profits grew 8% to 55 cents per share.</p>



<p>Although it initiated its first quarterly dividend in 2018, at 15 cents per share, it is slowly increasing the payout and its starting yield is a respectable 1.7% annually. It sports a free cash flow (<span>FCF</span>) payout ratio of just 24%, suggesting there is sufficient room for further growth in the future.</p>



<h2>Universal (UVV)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2019/09/tobacco1600-300x169.jpg" alt="image of hands holding handful of processed tobacco"><div>Source: Shutterstock</div></div><p>Another hidden gem is <strong>Universal</strong> (NYSE:<span><a href="https://investorplace.com/stock-quotes/uvv-stock-quote/"><strong>UVV</strong></a></span>), the <a href="https://investorplace.com/2024/06/3-unstoppable-sp-600-stocks-to-buy-in-june/">world&rsquo;s largest supplier of tobacco leaf</a>. It counts as customers all the major cigarette manufacturers including <strong>Altria</strong> (NYSE:<span><a href="https://investorplace.com/stock-quotes/mo-stock-quote/"><strong>MO</strong></a></span>), <strong>British American Tobacco</strong> (NYSE:<span><a href="https://investorplace.com/stock-quotes/bti-stock-quote/"><strong>BTI</strong></a></span>) and <strong>Philip Morris International </strong>(NYSE:<span><a href="https://investorplace.com/stock-quotes/pm-stock-quote/"><strong>PM</strong></a></span>) but also supplies&nbsp;<strong>China Tobacco International</strong>, the world&rsquo;s largest cigarette maker.&nbsp;</p>



<p>That is key to Universal&rsquo;s future growth trajectory because although smoking is on a secular decline in the U.S., it continues to grow in China. Statista <a href="https://www.statista.com/outlook/cmo/tobacco-products/cigarettes/china#:~:text=In%202024%2C%20the%20revenue%20in,(CAGR%202024%2D2029).">estimates the market</a> there will reach &ldquo;a staggering $282.9 billion&rdquo; this year and continue growing at 1.6% annually through 2029.</p>



<p>Universal has a 54-year history of raising its dividend, making it a <a href="https://investorplace.com/2024/03/the-3-highest-yielding-dividend-kings-for-march-2024/">Dividend King</a>. It has increased the payout at a near-5% compounded annual growth rate (<span>CAGR</span>) for the past decade and the dividend yields a juicy 6.8% annually.</p>



<p>Yet recognizing the declining industry here at home, Universal is diversifying its business. It moved into the plant-based ingredients and food products business, and though the segment is still small, it is enjoying expanding opportunities. President and CEO George Freeman said Universal &ldquo;entered several new partnerships to supply innovative products that capitalize on our newly developed capabilities and portfolio across our three ingredients companies.&rdquo;</p>



<h2>Cardinal Health (CAH)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2019/08/cah-stock-1-300x169.jpg" alt="Cardinal Health (CAH) sign with bushes in front of it"><div>Source: Shutterstock</div></div><p>Medical supplies and drug distributor <strong>Cardinal Health</strong> (NYSE:<span><a href="https://investorplace.com/stock-quotes/cah-stock-quote/"><strong>CAH</strong></a></span>) is an industry behemoth, though just the third largest supplier. It had about $190 billion in U.S. drug sales last year, fully one-quarter of the total market. Along with <strong>Cencora</strong> (NYSE:<span><a href="https://investorplace.com/stock-quotes/cor-stock-quote/"><strong>COR</strong></a></span>) and <strong>McKesson</strong> (NYSE:<span><a href="https://investorplace.com/stock-quotes/mck-stock-quote/"><strong>MCK</strong></a></span>), the trio supply 90% of the market.</p>



<p>Cardinal serves nearly<a href="https://www.cardinalhealth.com/en/about-us.html"> 90% of all U.S. hospitals</a>, more than 60,000 U.S. pharmacies and over 10,000 specialty physician offices and clinics. It also provides more than 3.4 million patients with more than 46,000 home healthcare products.&nbsp;</p>



<p>While inflation and supply chain constraints hurt segment sales and profits in fiscal 2023, inflation has eased since then and the Federal Reserve could begin cutting interest rates before the end of the year. So although it will face similar headwinds for a while yet, they should decrease going forward. Beyond that, Cardinal should be able to raise prices and benefit from an improving economy.&nbsp;</p>



<p>Cardinal also pays a dividend that it has <a href="https://investorplace.com/2024/05/3-stocks-to-give-you-shelter-from-the-coming-market-crash/">increased for 27 consecutive years</a>, making it a Dividend Aristocrat. The payout yields 2.1% a year.</p>



<h2>Enterprise Products Partners (EPD)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2020/08/epd-stock-1-300x169.jpg" alt="A magnifying glass zooms in on the website of Enterprise Product Partners (EPD)"><div>Source: Casimiro PT / Shutterstock.com</div></div><p>Oil and gas industry middleman <strong>Enterprise Products Partners</strong> (NYSE:<span><a href="https://investorplace.com/stock-quotes/epd-stock-quote/"><strong>EPD</strong></a></span>) is admittedly not a stock for everyone. Although it has a very attractive business model that ensures steady revenue flows, its organization as a master limited partnership (<span>MLP</span>) complicates an investment.</p>



<p>MLPs are an investment class holding immense long-term income and profit potential but there are <a href="https://investorplace.com/2023/11/billionaire-favorites-3-ultra-high-yield-stocks-the-elite-love/">complex tax issues</a> investors should consider before buying in.&nbsp; Because MLPs are required by law to distribute 90% or more of their profits to investors as dividends, they introduce more complicated tax considerations. But if it is an investment you can make, Enterprise Products Partners is one to consider. Those dividends yield a very healthy 7.3%.&nbsp;</p>



<p>The storage and pipeline transportation owner makes money no matter which way the oil and gas markets go. Operating on long-term fixed contracts, Enterprise Products Partners gets paid whether its customers take the product or not.</p>



<p>With oil and gas having long-term tailwinds behind it, Enterprise Products is among the undervalued dividend stocks to buy today.</p>



<h2>RTX (RTX)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2020/07/rtx-stock-300x169.jpg" alt="Raytheon (RTX) defense company logo hanging from glass building"><div>Source: JHVEPhoto / Shutterstock.com</div></div><p>The second-largest defense contractor is <strong>RTX</strong> (NYSE:<span><a href="https://investorplace.com/stock-quotes/rtx-stock-quote/"><strong>RTX</strong></a></span>), formerly known as Raytheon but it changed its name after merging with United Technologies. It manufactures numerous defense systems, though missile systems are the workhorse of its business.</p>



<p>RTX produces the Patriot missile system, Stinger and Javelin missiles, high-speed, anti-radiation missiles (<span>HARMS</span>) and national surface-to-air missile systems (<span>NASAMS</span>). It ended 2023 with a <a href="https://www.sec.gov/Archives/edgar/data/101829/000010182924000005/a2024-01x238xkerexhibit99.htm">record backlog</a> of orders totaling $196 billion. That grew to $202 billion at the end of the first quarter.</p>



<p>The war in Ukraine fuels a lot of the demand for RTX weapons systems. During the quarter it booked $282 million for NASAMS for Ukraine but also booked $1.6 billion for Patriot systems for Germany, $818 million for Patriot-guided enhance missiles (GEM-T) for NATO and another $874 million for various international GEM-T orders.</p>



<p>RTX pays a dividend of $2.46 that yields 2.6% annually. It has paid a dividend every year since 1936 and has raised it for 30 consecutive years, so it should be considered among undervalued dividend stocks.</p>



<h2>Toyota Motor (TM)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2021/07/toyota-tm-stock-1600-300x169.jpg" alt="Toyota motor corporation logo on dealership building"><div>Source:  josefkubes / Shutterstock.com</div></div><p>Coming full circle, <strong>Toyota Motor</strong> (NYSE:<span><a href="https://investorplace.com/stock-quotes/tm-stock-quote/"><strong>TM</strong></a></span>) is the next dividend stock to buy as it has become the premier EV manufacturer. Although Tesla may sell more EVs than Toyota, the Japanese automaker correctly read the market well before anyone else and went all-in on the hybrid market. It is the <a href="https://investorplace.com/2024/06/tm-stock-analysis-why-toyota-is-the-ev-stock-to-beat/">best electric vehicle manufacturer</a> today without exception.</p>



<p>Toyota saw a dramatic <a href="https://pressroom.toyota.com/toyota-motor-north-america-reports-march-first-quarter-2024-u-s-sales/#">20% surge</a> in first-quarter sales volume. For the first half of 2024, EV sales took off even more, surging 68% and <a href="https://pressroom.toyota.com/toyota-motor-north-america-reports-u-s-june-and-first-half-2024-sales-results/">representing over 38%</a> of total sales. It sold more than 454,000 electrified vehicles in the first six months of the year (it does make BEVs too). Overall, Toyota remains the world&rsquo;s biggest automobile manufacturer. The carmaker also noted its Lexus brand recorded its best-ever first half in its 35-year history.</p>



<p>Despite Toyota stock being up 12% year-to-date and 25% for the last 12 months, shares trade at just 8 times trailing earnings, 9 times estimates and at a fraction of its sales. Wall Street expects earnings to maintain their strong 16% CAGR for the next five years. Its dividend also yields an attractive 2.7% a year making Toyota the top undervalueddividend stock to buy in July.</p>



<p><em>On the date of publication, Rich Duprey held a LONG position in MO, CAH and RTX stock. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com <a href="https://investorplace.com/corporate/investorplace-publishing-guidelines/">Publishing Guidelines</a>.</em></p>



<p><em>On the date of publication, the responsible editor did not have (either directly or<br>indirectly) any positions in the securities mentioned in this article.</em></p>
<div><p>Rich Duprey has written about stocks and investing for the past 20 years. His articles have appeared on Nasdaq.com, The Motley Fool, and Yahoo! Finance, and he has been referenced by U.S. and international publications, including MarketWatch, Financial Times, Forbes, Fast Company, USA Today, Milwaukee Journal Sentinel, Cheddar News, The Boston Globe, L&rsquo;Express, and numerous other news outlets.</p></div><h3>More From InvestorPlace</h3>
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Aristotle Small Cap Equity Q2 2024 Commentary

Notable earnings after Tuesday's close

Benchmark Electronics Non-GAAP EPS of $0.57 beats by $0.07, revenue of $666M beats by $31M

Benchmark Electronics, Inc. 2024 Q2 - Results - Earnings Call Presentation

<p><a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a></p>
<p><strong>Benchmark Electronics</strong> (NYSE:<span><a href="https://investorplace.com/stock-quotes/bhe-stock-quote/"><strong>BHE</strong></a></span>) just reported results for the second quarter of 2024.</p><ul><li>Benchmark Electronics reported earnings per share of 57 cents. This was above the analyst estimate for EPS of 51 cents.</li><li>The company reported revenue of $665.90 million.</li><li>This was 4.74% better than the analyst estimate for revenue of $635.75 million.</li></ul><div><p>InvestorPlace Earnings is a project that leverages data from <a href="https://www.tradesmith.com">TradeSmith</a> to automate coverage of quarterly earnings reports. InvestorPlace Earnings distills key takeaways including earnings per share and revenue, as well as how a company stacks up to analyst estimates. These articles are published without human intervention, allowing us to inform our readers of the latest figures as quickly as possible. To report any concerns or inaccuracies, please contact us at <a href="mailto:editor@investorplace.com">editor@investorplace.com</a>.</p></div><h3>More From InvestorPlace</h3>
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BHE Stock Earnings: Benchmark Electronics Beats EPS, Beats Revenue for Q2 2024

Benchmark Electronics, Inc. (BHE) Q2 2024 Earnings Call Transcript

Lake Street analyst Jaeson Schmidt reiterated a Buy rating on Benchmark Electronics (BHE – Research Report) today and set a price target of $46.00....

Benchmark Electronics (BHE) Receives a Buy from Lake Street

Benchmark Electronics raises quarterly dividend by 3% to  $0.17/share

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Benchmark Releases Its Third Annual Sustainability Report

Dividends

BENCHMARK ELECTRONICS ANNOUNCES QUARTERLY CASH DIVIDEND

BENCHMARK ELECTRONICS ANNOUNCES DEPARTURE OF CHIEF FINANCIAL OFFICER REITERATES FIRST QUARTER FISCAL 2024 GUIDANCE

BENCHMARK ELECTRONICS TO REPORT FIRST QUARTER 2024 RESULTS

BENCHMARK REPORTS FIRST QUARTER 2024 RESULTS

BENCHMARK ELECTRONICS TO REPORT SECOND QUARTER 2024 RESULTS

BENCHMARK REPORTS SECOND QUARTER 2024 RESULTS

Benchmark Celebrates Grand Opening of New, State-of-the-Art Facility in Penang, Malaysia

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Benchmark Electronics (BHE) Forecast

Benchmark Electronics (NYSE:BHE) Stock, Quote.Headers.trade-ideas