Benchmark Electronics (NYSE:BHE) Hits New 52-Week High – Here’s Why

Benchmark Electronics, Inc. (NYSE:BHE)’s stock price hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $59.97 and last traded at $58.4350, with a volume of 20168 shares changing hands. The stock had previously closed at $58.27.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on BHE shares. Weiss Ratings reissued a “hold (c)” rating on shares of Benchmark Electronics in a research note on Wednesday, January 21st. Lake Street Capital set a $62.00 price objective on shares of Benchmark Electronics in a research report on Wednesday, February 4th. Needham & Company LLC upped their price objective on shares of Benchmark Electronics from $55.00 to $62.00 and gave the company a “buy” rating in a research note on Wednesday, February 4th. Finally, Wall Street Zen raised shares of Benchmark Electronics from a “hold” rating to a “buy” rating in a research note on Saturday, November 8th. Two investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, Benchmark Electronics presently has a consensus rating of “Moderate Buy” and a consensus target price of $62.00.

Benchmark Electronics Stock Up 0.5%

The firm has a market capitalization of $2.09 billion, a PE ratio of 84.46 and a beta of 1.03. The company has a current ratio of 2.28, a quick ratio of 1.52 and a debt-to-equity ratio of 0.19. The firm has a 50-day moving average of $48.25 and a two-hundred day moving average of $43.48.

Benchmark Electronics (NYSE:BHE) last announced its quarterly earnings results on Tuesday, February 3rd. The technology company reported $0.71 EPS for the quarter, topping the consensus estimate of $0.64 by $0.07. The company had revenue of $704.00 million during the quarter, compared to analyst estimates of $696.67 million. Benchmark Electronics had a return on equity of 6.48% and a net margin of 0.93%.The firm’s revenue was up 7.2% on a year-over-year basis. During the same period in the prior year, the firm posted $0.61 earnings per share. Benchmark Electronics has set its Q1 2026 guidance at 0.530-0.590 EPS.

Benchmark Electronics Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, January 13th. Shareholders of record on Wednesday, December 31st were given a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date of this dividend was Wednesday, December 31st. Benchmark Electronics’s payout ratio is 98.55%.

Insider Buying and Selling at Benchmark Electronics

In related news, CEO Jeff Benck sold 14,900 shares of Benchmark Electronics stock in a transaction on Wednesday, January 21st. The shares were sold at an average price of $50.24, for a total transaction of $748,576.00. Following the transaction, the chief executive officer owned 423,180 shares in the company, valued at approximately $21,260,563.20. The trade was a 3.40% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, SVP Rhonda R. Turner sold 10,000 shares of the stock in a transaction on Friday, December 12th. The shares were sold at an average price of $47.83, for a total value of $478,300.00. Following the completion of the sale, the senior vice president owned 34,701 shares of the company’s stock, valued at approximately $1,659,748.83. This represents a 22.37% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 63,967 shares of company stock valued at $3,029,458 in the last ninety days. Corporate insiders own 2.20% of the company’s stock.

Hedge Funds Weigh In On Benchmark Electronics

A number of institutional investors and hedge funds have recently bought and sold shares of BHE. American Century Companies Inc. boosted its stake in shares of Benchmark Electronics by 3.6% in the second quarter. American Century Companies Inc. now owns 1,298,260 shares of the technology company’s stock valued at $50,411,000 after purchasing an additional 45,602 shares during the period. Summit Global Investments lifted its holdings in Benchmark Electronics by 157.9% in the 2nd quarter. Summit Global Investments now owns 30,123 shares of the technology company’s stock worth $1,170,000 after buying an additional 18,444 shares in the last quarter. Geode Capital Management LLC lifted its holdings in Benchmark Electronics by 1.4% in the 2nd quarter. Geode Capital Management LLC now owns 887,370 shares of the technology company’s stock worth $34,461,000 after buying an additional 12,444 shares in the last quarter. SG Americas Securities LLC boosted its position in Benchmark Electronics by 615.8% in the 2nd quarter. SG Americas Securities LLC now owns 29,642 shares of the technology company’s stock valued at $1,151,000 after buying an additional 25,501 shares during the last quarter. Finally, Leuthold Group LLC acquired a new stake in shares of Benchmark Electronics during the second quarter valued at about $1,751,000. Hedge funds and other institutional investors own 92.29% of the company’s stock.

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.