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

Benchmark Electronics, Inc. (NYSE:BHE)’s stock price hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $87.95 and last traded at $87.82, with a volume of 222205 shares trading hands. The stock had previously closed at $85.12.

Analyst Upgrades and Downgrades

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

Benchmark Electronics Trading Up 4.5%

The firm has a market capitalization of $3.19 billion, a price-to-earnings ratio of 93.61 and a beta of 1.28. The business has a 50-day moving average of $68.14 and a two-hundred day moving average of $56.08. The company has a quick ratio of 1.42, a current ratio of 2.18 and a debt-to-equity ratio of 0.18.

Benchmark Electronics (NYSE:BHE) last released its earnings results on Wednesday, April 29th. The technology company reported $0.58 earnings per share for the quarter, topping analysts’ consensus estimates of $0.56 by $0.02. The business 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% compared to the same quarter last year. During the same period last year, the business earned $0.52 earnings per share. Benchmark Electronics has set its Q2 2026 guidance at 0.650-0.710 EPS.

Benchmark Electronics Dividend Announcement

The firm also recently declared 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 was Tuesday, March 31st. This represents a $0.68 dividend on an annualized basis and a yield of 0.8%. Benchmark Electronics’s dividend payout ratio (DPR) is currently 71.58%.

Insiders Place Their Bets

In other Benchmark Electronics news, Director David W. Scheible sold 22,989 shares of the firm’s stock in a transaction dated Wednesday, May 13th. The shares were sold at an average price of $85.00, for a total transaction of $1,954,065.00. Following the completion of the transaction, the director owned 62,057 shares in the company, valued at $5,274,845. This trade represents a 27.03% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Kenneth T. Lamneck sold 24,263 shares of the firm’s stock in a transaction dated Tuesday, May 12th. The stock was sold at an average price of $81.49, for a total transaction of $1,977,191.87. Following the transaction, the director owned 47,418 shares of the company’s stock, valued at approximately $3,864,092.82. This represents a 33.85% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 53,852 shares of company stock worth $4,493,181 over the last quarter. Company insiders own 1.10% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of BHE. Royal Bank of Canada raised its stake in shares of Benchmark Electronics by 30.2% in the first quarter. Royal Bank of Canada now owns 14,420 shares of the technology company’s stock valued at $548,000 after acquiring an additional 3,341 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in shares of Benchmark Electronics by 4.6% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 21,239 shares of the technology company’s stock valued at $808,000 after acquiring an additional 931 shares during the last quarter. Caxton Associates LLP bought a new position in shares of Benchmark Electronics in the first quarter valued at approximately $202,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake in shares of Benchmark Electronics by 12.2% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 104,673 shares of the technology company’s stock valued at $3,981,000 after acquiring an additional 11,369 shares during the last quarter. Finally, Jane Street Group LLC raised its stake in shares of Benchmark Electronics by 99.8% in the first quarter. Jane Street Group LLC now owns 107,802 shares of the technology company’s stock valued at $4,100,000 after acquiring an additional 53,840 shares during the last quarter. 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.