Benchmark Electronics (NYSE:BHE) SVP Sells $561,924.00 in Stock

Benchmark Electronics, Inc. (NYSE:BHE) SVP Rhonda Turner sold 6,600 shares of Benchmark Electronics stock in a transaction that occurred on Wednesday, May 6th. The stock was sold at an average price of $85.14, for a total value of $561,924.00. Following the completion of the sale, the senior vice president owned 36,067 shares of the company’s stock, valued at approximately $3,070,744.38. The trade was a 15.47% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website.

Benchmark Electronics Trading Up 0.1%

Shares of BHE stock opened at $85.59 on Monday. The company has a market cap of $3.07 billion, a P/E ratio of 90.10 and a beta of 1.28. The stock has a 50 day simple moving average of $61.35 and a two-hundred day simple moving average of $52.57. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.42 and a current ratio of 2.18. Benchmark Electronics, Inc. has a fifty-two week low of $34.44 and a fifty-two week high of $87.73.

Benchmark Electronics (NYSE:BHE) last issued its earnings results on Wednesday, April 29th. The technology company reported $0.58 earnings per share for the quarter, topping analysts’ consensus estimates of $0.56 by $0.02. The business had revenue of $677.28 million during the quarter, compared to the consensus estimate of $676.25 million. Benchmark Electronics had a return on equity of 6.63% and a net margin of 1.27%.The firm’s revenue for the quarter was up 7.1% on a year-over-year basis. During the same period in the previous year, the company 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 firm also recently announced a quarterly dividend, which was paid on Friday, April 10th. Shareholders of record on Tuesday, March 31st were issued a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date was Tuesday, March 31st. Benchmark Electronics’s payout ratio is presently 71.58%.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the company. PNC Financial Services Group Inc. lifted its position in shares of Benchmark Electronics by 38.5% during the 1st quarter. PNC Financial Services Group Inc. now owns 5,253 shares of the technology company’s stock valued at $295,000 after buying an additional 1,459 shares during the last quarter. Illinois Municipal Retirement Fund lifted its position in shares of Benchmark Electronics by 7.7% during the 1st quarter. Illinois Municipal Retirement Fund now owns 19,157 shares of the technology company’s stock valued at $1,074,000 after buying an additional 1,370 shares during the last quarter. Hillsdale Investment Management Inc. purchased a new position in shares of Benchmark Electronics during the 1st quarter valued at $4,740,000. Empirical Financial Services LLC d.b.a. Empirical Wealth Management grew its stake in Benchmark Electronics by 15.6% in the 1st quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 6,494 shares of the technology company’s stock valued at $364,000 after buying an additional 875 shares in the last quarter. Finally, Principal Financial Group Inc. raised its holdings in Benchmark Electronics by 21.9% during the 1st quarter. Principal Financial Group Inc. now owns 207,365 shares of the technology company’s stock valued at $11,625,000 after acquiring an additional 37,316 shares during the period. Hedge funds and other institutional investors own 92.29% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on BHE shares. Lake Street Capital restated a “buy” rating and set a $92.00 price objective on shares of Benchmark Electronics in a report on Thursday, April 30th. Needham & Company LLC boosted their price objective on Benchmark Electronics from $62.00 to $80.00 and gave the stock a “buy” rating in a research report on Thursday, April 30th. Wall Street Zen raised Benchmark Electronics from a “buy” rating to a “strong-buy” rating in a research report on Saturday, February 28th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Benchmark Electronics in a research report on Monday, April 20th. Two equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $86.00.

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.