Benchmark Electronics (NYSE:BHE) Now Covered by Needham & Company LLC

Equities research analysts at Needham & Company LLC started coverage on shares of Benchmark Electronics (NYSE:BHE) in a research report issued on Friday, Marketbeat reports. The brokerage set a “buy” rating and a $85.00 price target on the technology company’s stock. Needham & Company LLC‘s price objective points to a potential upside of 29.28% from the stock’s current price.

BHE has been the topic of a number of other reports. Weiss Ratings raised shares of Benchmark Electronics from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Thursday, October 8th. Zacks Research upgraded shares of Benchmark Electronics to a “hold” rating in a report on Monday, October 5th. Three investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, Benchmark Electronics has an average rating of “Moderate Buy” and an average price target of $88.50.

Benchmark Electronics Trading Down 0.8%

Shares of Benchmark Electronics stock traded down $0.55 on Friday, reaching $65.75. The company had a trading volume of 13,331 shares, compared to its average volume of 392,377. The firm’s 50 day moving average price is $76.45 and its two-hundred day moving average price is $79.54. The firm has a market cap of $2.36 billion, a PE ratio of 45.04, a PEG ratio of 1.37 and a beta of 1.25. Benchmark Electronics has a 52-week low of $41.69 and a 52-week high of $100.41. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.31 and a current ratio of 1.99.

Benchmark Electronics (NYSE:BHE) last released its quarterly earnings results on Wednesday, July 29th. The technology company reported $0.75 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.69 by $0.06. The business had revenue of $755.98 million for the quarter, compared to the consensus estimate of $720.00 million. Benchmark Electronics had a net margin of 1.89% and a return on equity of 7.28%. The business’s revenue was up 17.7% on a year-over-year basis. During the same period in the previous year, the firm earned $0.03 EPS. Benchmark Electronics has set its Q3 2026 guidance at 0.760-0.820 EPS. Sell-side analysts predict that Benchmark Electronics will post 2.37 earnings per share for the current fiscal year.

Institutional Trading of Benchmark Electronics

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. First Eagle Investment Management LLC raised its stake in Benchmark Electronics by 18.3% during the 2nd quarter. First Eagle Investment Management LLC now owns 350,964 shares of the technology company’s stock worth $34,630,000 after acquiring an additional 54,395 shares in the last quarter. State Street Corp raised its stake in Benchmark Electronics by 3.5% during the 2nd quarter. State Street Corp now owns 1,433,075 shares of the technology company’s stock worth $141,644,000 after acquiring an additional 47,835 shares in the last quarter. The Manufacturers Life Insurance Company acquired a new stake in Benchmark Electronics during the 2nd quarter worth $1,734,000. Deutsche Bank AG acquired a new stake in Benchmark Electronics during the 2nd quarter worth $9,589,000. Finally, Jefferies Financial Group Inc. acquired a new stake in Benchmark Electronics during the 2nd quarter worth $5,802,000. 92.29% of the stock is currently owned by institutional investors and hedge funds.

Benchmark Electronics Company Profile

Benchmark Electronics, Inc is a provider of integrated electronics manufacturing and engineering services. The company helps original equipment manufacturers design, develop, test, manufacture and support complex electronic products and systems.

Its services include product design and engineering, prototyping, printed circuit board assembly, systems integration, precision machining, testing, supply chain management, and aftermarket support. Benchmark serves customers in industries such as aerospace and defense, medical technology, industrial equipment, semiconductor capital equipment, and advanced computing.

Headquartered in Tempe, Arizona, Benchmark operates manufacturing and engineering facilities across North America, Europe and Asia.