Benchmark Electronics (NYSE:BHE) Reaches New 1-Year High – Here’s Why

Benchmark Electronics, Inc. (NYSE:BHE) hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $85.37 and last traded at $84.9550, with a volume of 58946 shares. The stock had previously closed at $82.97.

Wall Street Analyst Weigh In

BHE has been the topic of several recent research reports. Wall Street Zen raised Benchmark Electronics from a “buy” rating to a “strong-buy” rating in a report on Saturday, February 28th. Needham & Company LLC raised their price target on Benchmark Electronics from $62.00 to $80.00 and gave the stock a “buy” rating in a report on Thursday, April 30th. Weiss Ratings reissued a “hold (c)” rating on shares of Benchmark Electronics in a report on Monday, April 20th. Finally, Lake Street Capital reissued a “buy” rating and issued a $92.00 price target on shares of Benchmark Electronics in a report on Thursday, April 30th. Two analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $86.00.

Benchmark Electronics Stock Down 2.8%

The firm 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. The stock has a market cap of $3.02 billion, a P/E ratio of 88.63 and a beta of 1.28.

Benchmark Electronics (NYSE:BHE) last announced its earnings results on Wednesday, April 29th. The technology company reported $0.58 earnings per share for the quarter, beating the consensus estimate of $0.56 by $0.02. The firm had revenue of $677.28 million for 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 quarter in the previous year, the business earned $0.52 EPS. 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 paid a dividend of $0.17 per share. The ex-dividend date of this dividend was Tuesday, March 31st. This represents a $0.68 annualized dividend and a yield of 0.8%. Benchmark Electronics’s payout ratio is presently 71.58%.

Insider Activity

In other news, CEO Jeff Benck sold 25,000 shares of Benchmark Electronics stock in a transaction on Friday, February 6th. The stock was sold at an average price of $58.19, for a total transaction of $1,454,750.00. Following the transaction, the chief executive officer directly owned 398,180 shares in the company, valued at approximately $23,170,094.20. This trade represents a 5.91% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In the last 90 days, insiders sold 25,934 shares of company stock worth $1,510,843. 1.10% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Benchmark Electronics

Hedge funds have recently modified their holdings of the company. Rockefeller Capital Management L.P. increased its position in shares of Benchmark Electronics by 69.6% during the 4th quarter. Rockefeller Capital Management L.P. now owns 609 shares of the technology company’s stock valued at $26,000 after purchasing an additional 250 shares during the period. Aster Capital Management DIFC Ltd acquired a new position in shares of Benchmark Electronics during the 3rd quarter valued at $40,000. Kestra Advisory Services LLC acquired a new position in shares of Benchmark Electronics during the 4th quarter valued at $42,000. Clearstead Advisors LLC increased its position in shares of Benchmark Electronics by 246.8% during the 4th quarter. Clearstead Advisors LLC now owns 1,363 shares of the technology company’s stock valued at $58,000 after purchasing an additional 970 shares during the period. Finally, Parkside Financial Bank & Trust increased its position in shares of Benchmark Electronics by 28.6% during the 4th quarter. Parkside Financial Bank & Trust now owns 1,446 shares of the technology company’s stock valued at $62,000 after purchasing an additional 322 shares during the period. 92.29% of the stock is currently owned by institutional investors and hedge funds.

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.