Benchmark Electronics (NYSE:BHE) Raised to Strong-Buy at Wall Street Zen

Benchmark Electronics (NYSE:BHE) was upgraded by Wall Street Zen from a “buy” rating to a “strong-buy” rating in a report released on Saturday.

Several other research firms also recently weighed in on BHE. Needham & Company LLC raised their target price on Benchmark Electronics from $55.00 to $62.00 and gave the company a “buy” rating in a research report on Wednesday, February 4th. Weiss Ratings restated a “hold (c)” rating on shares of Benchmark Electronics in a report on Wednesday, January 21st. Finally, Lake Street Capital set a $62.00 target price on shares of Benchmark Electronics in a report on Wednesday, February 4th. Two research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, Benchmark Electronics presently has a consensus rating of “Moderate Buy” and a consensus target price of $62.00.

Benchmark Electronics Trading Down 2.4%

Shares of NYSE:BHE opened at $57.74 on Friday. Benchmark Electronics has a 1 year low of $30.73 and a 1 year high of $61.12. The firm has a market capitalization of $2.06 billion, a price-to-earnings ratio of 83.69 and a beta of 0.99. The company has a debt-to-equity ratio of 0.19, a current ratio of 2.28 and a quick ratio of 1.52. The business’s 50 day moving average price is $51.34 and its 200-day moving average price is $45.26.

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

Insider Activity at Benchmark Electronics

In related news, SVP Rhonda R. Turner sold 10,000 shares of the firm’s stock in a transaction dated Friday, December 12th. The shares were sold at an average price of $47.83, for a total transaction of $478,300.00. Following the completion of the sale, the senior vice president directly owned 34,701 shares in the company, valued at approximately $1,659,748.83. This trade represents a 22.37% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Jeff Benck sold 834 shares of the business’s stock in a transaction dated Friday, February 13th. The shares were sold at an average price of $60.06, for a total transaction of $50,090.04. Following the completion of the transaction, the chief executive officer owned 397,246 shares in the company, valued at $23,858,594.76. The trade was a 0.21% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 80,934 shares of company stock valued at $4,157,769. 2.20% of the stock is owned by company insiders.

Institutional Investors Weigh In On Benchmark Electronics

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Royal Bank of Canada increased its position in shares of Benchmark Electronics by 30.2% during the 1st quarter. Royal Bank of Canada now owns 14,420 shares of the technology company’s stock worth $548,000 after purchasing an additional 3,341 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in Benchmark Electronics by 4.6% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 21,239 shares of the technology company’s stock worth $808,000 after buying an additional 931 shares during the period. Caxton Associates LLP acquired a new stake in shares of Benchmark Electronics during the first quarter valued at about $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 1st 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 period. Finally, Jane Street Group LLC lifted its holdings in shares of Benchmark Electronics by 99.8% in the 1st quarter. Jane Street Group LLC now owns 107,802 shares of the technology company’s stock worth $4,100,000 after acquiring an additional 53,840 shares during the last quarter. Hedge funds and other institutional investors own 92.29% of the company’s stock.

About Benchmark Electronics

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.