Benchmark Electronics (NYSE:BHE) Upgraded at Zacks Research

Zacks Research upgraded shares of Benchmark Electronics (NYSE:BHE) to a hold rating in a research report report published on Monday,Zacks reports.

A number of other equities research analysts have also recently issued reports on the stock. Needham & Company LLC increased their target price on shares of Benchmark Electronics from $80.00 to $90.00 and gave the stock a “buy” rating in a research report on Thursday, July 30th. Weiss Ratings lowered shares of Benchmark Electronics from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Wednesday, September 9th. Two equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $91.00.

Benchmark Electronics Price Performance

Benchmark Electronics stock opened at $83.38 on Monday. The business has a 50 day simple moving average of $78.05 and a 200 day simple moving average of $78.15. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.99 and a quick ratio of 1.31. The company has a market capitalization of $2.99 billion, a PE ratio of 56.72, a price-to-earnings-growth ratio of 1.65 and a beta of 1.25. Benchmark Electronics has a one year low of $35.91 and a one year high of $100.41.

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

Benchmark Electronics Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, October 13th. Stockholders of record on Wednesday, September 30th will be issued a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a dividend yield of 0.8%. The ex-dividend date is Wednesday, September 30th. Benchmark Electronics’s dividend payout ratio is presently 46.26%.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in BHE. BlackRock Inc. acquired a new position in shares of Benchmark Electronics during the second quarter worth approximately $579,768,000. Bank of New York Mellon Corp acquired a new stake in shares of Benchmark Electronics in the second quarter valued at approximately $31,061,000. Franklin Resources Inc. increased its holdings in shares of Benchmark Electronics by 8.1% in the fourth quarter. Franklin Resources Inc. now owns 2,906,748 shares of the technology company’s stock valued at $124,293,000 after purchasing an additional 218,450 shares in the last quarter. Empowered Funds LLC bought a new position in Benchmark Electronics in the 2nd quarter worth approximately $16,803,000. Finally, Bank of America Corp DE bought a new position in Benchmark Electronics in the 2nd quarter worth approximately $11,046,000. 92.29% of the stock is owned by institutional investors.

Benchmark Electronics Company Profile

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

Its services include 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, advanced computing, complex industrial equipment, semiconductor capital equipment, and telecommunications.

Headquartered in Tempe, Arizona, Benchmark operates through a global network of engineering and manufacturing facilities serving customers in North America, Europe, and Asia.