Insider Selling: Benchmark Electronics (NYSE:BHE) CEO Sells 12,500 Shares of Stock

Benchmark Electronics, Inc. (NYSE:BHE) CEO David Moezidis sold 12,500 shares of the 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 sale, the chief executive officer owned 85,564 shares of the company’s stock, valued at $7,492,839.48. This represents a 12.75% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Benchmark Electronics Price Performance

BHE traded up $3.81 on Tuesday, hitting $88.93. 634,343 shares of the company’s stock traded hands, compared to its average volume of 365,123. The company’s 50 day simple moving average is $68.14 and its 200-day simple moving average is $56.08. The company has a current ratio of 2.18, a quick ratio of 1.42 and a debt-to-equity ratio of 0.18. Benchmark Electronics, Inc. has a one year low of $34.44 and a one year high of $89.35. The firm has a market cap of $3.19 billion, a price-to-earnings ratio of 93.61 and a beta of 1.28.

Benchmark Electronics (NYSE:BHE) last posted its quarterly earnings results on Wednesday, April 29th. The technology company reported $0.58 earnings per share for the quarter, topping the consensus estimate of $0.56 by $0.02. Benchmark Electronics had a return on equity of 6.63% and a net margin of 1.27%.The business had revenue of $677.28 million during the quarter, compared to the consensus estimate of $676.25 million. During the same period in the prior year, the company posted $0.52 EPS. The firm’s revenue for the quarter was up 7.1% compared to the same quarter last year. Benchmark Electronics has set its Q2 2026 guidance at 0.650-0.710 EPS.

Benchmark Electronics Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, April 10th. Investors of record on Tuesday, March 31st were paid a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a yield of 0.8%. The ex-dividend date of this dividend was Tuesday, March 31st. Benchmark Electronics’s dividend payout ratio (DPR) is presently 71.58%.

Hedge Funds Weigh In On Benchmark Electronics

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Franklin Resources Inc. increased its holdings in shares of Benchmark Electronics by 8.1% in the 4th quarter. Franklin Resources Inc. now owns 2,906,748 shares of the technology company’s stock worth $124,293,000 after buying an additional 218,450 shares during the last quarter. Earnest Partners LLC bought a new position in shares of Benchmark Electronics in the 4th quarter valued at about $74,940,000. State Street Corp grew its position in Benchmark Electronics by 0.7% in the fourth quarter. State Street Corp now owns 1,389,766 shares of the technology company’s stock worth $59,661,000 after acquiring an additional 9,724 shares in the last quarter. American Century Companies Inc. grew its position in Benchmark Electronics by 2.3% in the third quarter. American Century Companies Inc. now owns 1,328,183 shares of the technology company’s stock worth $51,201,000 after acquiring an additional 29,923 shares in the last quarter. Finally, Wasatch Advisors LP increased its stake in Benchmark Electronics by 0.6% during the second quarter. Wasatch Advisors LP now owns 1,229,825 shares of the technology company’s stock worth $47,754,000 after acquiring an additional 6,868 shares during the last quarter. 92.29% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms have commented on BHE. Lake Street Capital reissued a “buy” rating and set a $92.00 price objective on shares of Benchmark Electronics in a report on Thursday, April 30th. Weiss Ratings reissued a “hold (c)” rating on shares of Benchmark Electronics in a research note on Monday, April 20th. Wall Street Zen upgraded Benchmark Electronics from a “buy” rating to a “strong-buy” rating in a report on Saturday, February 28th. Finally, Needham & Company LLC upped their price objective on Benchmark Electronics from $62.00 to $80.00 and gave the stock a “buy” rating 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. According to MarketBeat.com, the company presently 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.