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

Benchmark Electronics, Inc. (NYSE:BHE) hit a new 52-week high during mid-day trading on Monday . The stock traded as high as $66.01 and last traded at $65.6550, with a volume of 288928 shares changing hands. The stock had previously closed at $65.05.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the company. Needham & Company LLC lifted their price target on Benchmark Electronics from $55.00 to $62.00 and gave the stock 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 research report on Wednesday, January 21st. Wall Street Zen raised Benchmark Electronics from a “buy” rating to a “strong-buy” rating in a research note on Saturday, February 28th. Finally, Lake Street Capital set a $62.00 target price on Benchmark Electronics in a report on Wednesday, February 4th. Two investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, Benchmark Electronics has an average rating of “Moderate Buy” and an average price target of $62.00.

Benchmark Electronics Stock Up 0.9%

The company’s 50 day moving average is $57.71 and its 200 day moving average is $49.62. The company has a market cap of $2.34 billion, a PE ratio of 95.14 and a beta of 0.97. The company has a current ratio of 2.28, a quick ratio of 1.52 and a debt-to-equity ratio of 0.19.

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

Benchmark Electronics Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, April 10th. Investors 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 dividend on an annualized basis and a dividend yield of 1.0%. Benchmark Electronics’s payout ratio is presently 98.55%.

Insider Buying and Selling

In other Benchmark Electronics news, CEO Jeff Benck sold 25,000 shares of Benchmark Electronics stock in a transaction on Friday, February 6th. The stock was sold at an average price of $58.19, for a total transaction of $1,454,750.00. Following the completion of the sale, the chief executive officer directly owned 398,180 shares of the company’s stock, valued at $23,170,094.20. The trade was a 5.91% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In the last quarter, insiders sold 40,934 shares of company stock worth $2,264,419. Company insiders own 2.20% of the company’s stock.

Hedge Funds Weigh In On Benchmark Electronics

Several institutional investors have recently made changes to their positions in the company. Earnest Partners LLC bought a new stake in shares of Benchmark Electronics in the fourth quarter valued at about $74,940,000. Tributary Capital Management LLC grew its holdings in Benchmark Electronics by 92.5% during the 3rd quarter. Tributary Capital Management LLC now owns 879,486 shares of the technology company’s stock worth $33,904,000 after acquiring an additional 422,608 shares in the last quarter. Franklin Resources Inc. increased its position in Benchmark Electronics by 14.4% during the 3rd quarter. Franklin Resources Inc. now owns 2,688,298 shares of the technology company’s stock valued at $103,634,000 after purchasing an additional 338,081 shares during the period. Kennedy Capital Management LLC increased its position in Benchmark Electronics by 141.8% during the 3rd quarter. Kennedy Capital Management LLC now owns 363,651 shares of the technology company’s stock valued at $14,019,000 after purchasing an additional 213,276 shares during the period. Finally, Focus Partners Wealth bought a new stake in shares of Benchmark Electronics in the 4th quarter valued at about $8,312,000. 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.