Benchmark Electronics (NYSE:BHE) Director David Scheible Sells 22,989 Shares

Benchmark Electronics, Inc. (NYSE:BHE) Director David Scheible sold 22,989 shares of the company’s stock in a transaction on Wednesday, May 13th. The stock was sold at an average price of $85.00, for a total transaction of $1,954,065.00. Following the transaction, the director owned 62,057 shares in the company, valued at approximately $5,274,845. The trade was a 27.03% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Benchmark Electronics Stock Performance

BHE opened at $85.07 on Friday. The company’s fifty day moving average price is $64.64 and its two-hundred day moving average price is $54.31. The company has a market cap of $3.05 billion, a price-to-earnings ratio of 89.55 and a beta of 1.28. 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 1-year low of $34.44 and a 1-year high of $87.73.

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

Benchmark Electronics Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, April 10th. Stockholders of record on Tuesday, March 31st were issued a $0.17 dividend. The ex-dividend date was Tuesday, March 31st. This represents a $0.68 annualized dividend and a dividend yield of 0.8%. Benchmark Electronics’s dividend payout ratio is currently 71.58%.

Institutional Trading of Benchmark Electronics

A number of large investors have recently added to or reduced their stakes in the stock. ProShare Advisors LLC increased its stake in shares of Benchmark Electronics by 3.2% in the fourth quarter. ProShare Advisors LLC now owns 6,952 shares of the technology company’s stock worth $297,000 after purchasing an additional 214 shares in the last quarter. Pictet Asset Management Holding SA increased its stake in shares of Benchmark Electronics by 4.6% in the first quarter. Pictet Asset Management Holding SA now owns 5,097 shares of the technology company’s stock worth $286,000 after purchasing an additional 226 shares in the last quarter. Crossmark Global Holdings Inc. increased its stake in shares of Benchmark Electronics by 3.3% in the fourth quarter. Crossmark Global Holdings Inc. now owns 7,158 shares of the technology company’s stock worth $306,000 after purchasing an additional 228 shares in the last quarter. Rockefeller Capital Management L.P. increased its stake in shares of Benchmark Electronics by 69.6% in the fourth quarter. Rockefeller Capital Management L.P. now owns 609 shares of the technology company’s stock worth $26,000 after purchasing an additional 250 shares in the last quarter. Finally, Parkside Financial Bank & Trust increased its stake in shares of Benchmark Electronics by 28.6% in the fourth quarter. Parkside Financial Bank & Trust now owns 1,446 shares of the technology company’s stock worth $62,000 after purchasing an additional 322 shares in the last quarter. Hedge funds and other institutional investors own 92.29% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently commented on BHE shares. Lake Street Capital reiterated a “buy” rating and issued a $92.00 target price on shares of Benchmark Electronics in a report on Thursday, April 30th. Needham & Company LLC increased their target price on shares of Benchmark Electronics from $62.00 to $80.00 and gave the company a “buy” rating in a report on Thursday, April 30th. Wall Street Zen upgraded shares of Benchmark Electronics from a “buy” rating to a “strong-buy” rating in a report on Saturday, February 28th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Benchmark Electronics in a report on Monday, April 20th. Two investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus 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.