Benchmark Electronics (NYSE:BHE) Upgraded to Hold at Zacks Research

Zacks Research upgraded shares of Benchmark Electronics (NYSE:BHE) to a hold rating in a report issued on Monday,Zacks reports.

Several other research firms also recently weighed in on BHE. Needham & Company LLC increased their target price on Benchmark Electronics from $80.00 to $90.00 and gave the stock a “buy” rating in a research report on Thursday, July 30th. Weiss Ratings cut Benchmark Electronics from a “buy (b-)” rating to a “hold (c+)” rating in a report on Wednesday, September 9th. Two research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat, Benchmark Electronics has a consensus rating of “Moderate Buy” and a consensus price target of $91.00.

Benchmark Electronics Stock Up 0.0%

BHE stock opened at $86.12 on Monday. The company has a 50 day moving average price of $77.87 and a two-hundred day moving average price of $77.96. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.31 and a current ratio of 1.99. The stock has a market capitalization of $3.09 billion, a P/E ratio of 58.58, a PEG ratio of 1.65 and a beta of 1.25. Benchmark Electronics has a one year low of $35.91 and a one year high of $100.41.

Benchmark Electronics (NYSE:BHE) last issued its quarterly earnings results on Wednesday, July 29th. The technology company reported $0.75 earnings per share for the quarter, topping analysts’ consensus estimates of $0.69 by $0.06. Benchmark Electronics had a return on equity of 7.28% and a net margin of 1.89%.The company had revenue of $755.98 million for the quarter, compared to analyst estimates of $720.00 million. During the same quarter in the prior year, the company posted $0.03 EPS. The business’s revenue for the quarter was up 17.7% compared to the same quarter last year. Benchmark Electronics has set its Q3 2026 guidance at 0.760-0.820 EPS. As a group, sell-side analysts expect that Benchmark Electronics will post 2.37 EPS for the current year.

Benchmark Electronics Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, October 13th. Investors of record on Wednesday, September 30th will be given a $0.17 dividend. This represents a $0.68 annualized dividend and a dividend yield of 0.8%. The ex-dividend date of this dividend is Wednesday, September 30th. Benchmark Electronics’s dividend payout ratio (DPR) is 46.26%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. State Street Corp raised its holdings in shares of Benchmark Electronics by 3.5% in the 2nd quarter. State Street Corp now owns 1,433,075 shares of the technology company’s stock worth $141,644,000 after purchasing an additional 47,835 shares during the period. The Manufacturers Life Insurance Company grew its holdings in shares of Benchmark Electronics by 10.2% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 17,573 shares of the technology company’s stock worth $1,734,000 after purchasing an additional 1,630 shares during the period. Sequoia Financial Advisors LLC acquired a new stake in Benchmark Electronics during the 2nd quarter worth approximately $309,000. Integrated Wealth Concepts LLC acquired a new stake in Benchmark Electronics during the 2nd quarter worth approximately $64,000. Finally, Squarepoint Ops LLC purchased a new position in Benchmark Electronics in the second quarter valued at approximately $461,000. Institutional investors and hedge funds own 92.29% of the company’s stock.

About Benchmark Electronics

Benchmark Electronics, Inc is a provider of integrated electronics manufacturing, engineering, and product lifecycle services. The company helps original equipment manufacturers design, develop, manufacture, test, and support complex products and systems across their lifecycles.

Its services include design and engineering, prototyping, printed circuit board assembly, systems integration, precision machining, testing, supply chain management, and aftermarket support. Benchmark serves customers in industries such as aerospace and defense, medical technology, advanced computing, complex industrial equipment, semiconductor capital equipment, and telecommunications.

Headquartered in Tempe, Arizona, Benchmark operates through a global network of engineering and manufacturing facilities serving customers in North America, Europe, and Asia.