Benchmark Electronics (NYSE:BHE) Reaches New 52-Week High – Should You Buy?

Benchmark Electronics, Inc. (NYSE:BHE)’s share price reached a new 52-week high during trading on Friday . The company traded as high as $90.10 and last traded at $90.8510, with a volume of 59446 shares traded. The stock had previously closed at $88.99.

Wall Street Analysts Forecast Growth

BHE has been the subject of a number of recent research reports. Needham & Company LLC lifted 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. Weiss Ratings reiterated a “hold (c)” rating on shares of Benchmark Electronics in a research report on Monday, April 20th. Wall Street Zen upgraded Benchmark Electronics from a “buy” rating to a “strong-buy” rating in a research report on Saturday, February 28th. Finally, 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. Two investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat, Benchmark Electronics has an average rating of “Moderate Buy” and an average target price of $86.00.

Benchmark Electronics Trading Up 0.9%

The stock has a market cap of $3.22 billion, a PE ratio of 94.54 and a beta of 1.26. The business has a 50-day moving average of $76.77 and a 200 day moving average of $60.16. 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 (NYSE:BHE) last posted its quarterly earnings data on Wednesday, April 29th. The technology company reported $0.58 EPS for the quarter, topping analysts’ consensus estimates of $0.56 by $0.02. The firm had revenue of $677.28 million during the quarter, compared to analysts’ expectations of $676.25 million. Benchmark Electronics had a return on equity of 6.63% and a net margin of 1.27%.The firm’s quarterly revenue was up 7.1% compared to the same quarter last year. During the same quarter last year, the business posted $0.52 EPS. Benchmark Electronics has set its Q2 2026 guidance at 0.650-0.710 EPS.

Benchmark Electronics Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, July 10th. Shareholders of record on Tuesday, June 30th will be issued a $0.17 dividend. The ex-dividend date is Tuesday, June 30th. This represents a $0.68 annualized dividend and a yield of 0.8%. Benchmark Electronics’s payout ratio is 71.58%.

Insider Buying and Selling

In other Benchmark Electronics news, CEO David Moezidis sold 12,500 shares of Benchmark Electronics stock in a transaction dated 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 owned 85,564 shares in the company, valued at $7,492,839.48. The trade was a 12.75% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, SVP Rhonda R. Turner sold 6,600 shares of Benchmark Electronics stock in a transaction dated Wednesday, May 6th. The shares were 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 $3,070,744.38. This trade represents a 15.47% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 86,352 shares of company stock worth $7,312,806 over the last ninety days. Insiders own 1.10% of the company’s stock.

Institutional Trading of Benchmark Electronics

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. ProShare Advisors LLC grew its holdings in Benchmark Electronics by 3.2% in the 4th quarter. ProShare Advisors LLC now owns 6,952 shares of the technology company’s stock valued at $297,000 after buying an additional 214 shares during the period. Pictet Asset Management Holding SA grew its holdings in Benchmark Electronics by 4.6% in the 1st quarter. Pictet Asset Management Holding SA now owns 5,097 shares of the technology company’s stock valued at $286,000 after buying an additional 226 shares during the period. Crossmark Global Holdings Inc. grew its holdings in Benchmark Electronics by 3.3% in the 4th quarter. Crossmark Global Holdings Inc. now owns 7,158 shares of the technology company’s stock valued at $306,000 after buying an additional 228 shares during the period. Rockefeller Capital Management L.P. grew its holdings in Benchmark Electronics by 69.6% in the 4th quarter. Rockefeller Capital Management L.P. now owns 609 shares of the technology company’s stock valued at $26,000 after buying an additional 250 shares during the period. Finally, Parkside Financial Bank & Trust grew its holdings in Benchmark Electronics by 28.6% in the 4th quarter. Parkside Financial Bank & Trust now owns 1,446 shares of the technology company’s stock valued at $62,000 after buying an additional 322 shares during the period. Hedge funds and other institutional investors own 92.29% of the company’s stock.

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.