Benchmark Electronics, Inc. (NYSE:BHE – Get Free Report) Director David Scheible sold 22,989 shares of Benchmark Electronics stock in a transaction that occurred on Wednesday, May 13th. The shares were sold at an average price of $85.00, for a total value of $1,954,065.00. Following the completion of the sale, the director owned 62,057 shares in the company, valued at approximately $5,274,845. This trade represents a 27.03% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.
Benchmark Electronics Stock Up 0.2%
Benchmark Electronics stock opened at $85.07 on Monday. The company has a debt-to-equity ratio of 0.18, a current ratio of 2.18 and a quick ratio of 1.42. Benchmark Electronics, Inc. has a 1-year low of $34.44 and a 1-year high of $87.73. The company has a market cap of $3.05 billion, a PE ratio of 89.55 and a beta of 1.28. The stock’s 50 day moving average price is $64.64 and its 200 day moving average price is $54.39.
Benchmark Electronics (NYSE:BHE – Get Free Report) last posted its quarterly earnings results on Wednesday, April 29th. The technology company reported $0.58 earnings per share for the quarter, beating analysts’ consensus estimates of $0.56 by $0.02. Benchmark Electronics had a return on equity of 6.63% and a net margin of 1.27%.The firm had revenue of $677.28 million for the quarter, compared to the consensus estimate of $676.25 million. During the same period in the previous year, the business earned $0.52 earnings per share. The company’s revenue for the quarter was up 7.1% compared to the same quarter last year. Benchmark Electronics has set its Q2 2026 guidance at 0.650-0.710 EPS.
Benchmark Electronics Dividend Announcement
Analysts Set New Price Targets
BHE has been the subject of several research reports. Wall Street Zen raised Benchmark Electronics from a “buy” rating to a “strong-buy” rating in a report on Saturday, February 28th. Needham & Company LLC lifted their price objective on Benchmark Electronics from $62.00 to $80.00 and gave the stock a “buy” rating in a report on Thursday, April 30th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Benchmark Electronics in a report on Monday, April 20th. Finally, Lake Street Capital reaffirmed a “buy” rating and set a $92.00 price objective on shares of Benchmark Electronics in a report on Thursday, April 30th. Two investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $86.00.
Check Out Our Latest Research Report on Benchmark Electronics
Hedge Funds Weigh In On Benchmark Electronics
Hedge funds and other institutional investors have recently bought and sold shares of the company. Rockefeller Capital Management L.P. increased its position in Benchmark Electronics by 69.6% during the fourth quarter. Rockefeller Capital Management L.P. now owns 609 shares of the technology company’s stock worth $26,000 after buying an additional 250 shares in the last quarter. Aster Capital Management DIFC Ltd purchased a new position in Benchmark Electronics during the third quarter worth $40,000. Kestra Advisory Services LLC purchased a new position in Benchmark Electronics during the fourth quarter worth $42,000. Clearstead Advisors LLC increased its position in Benchmark Electronics by 246.8% during the fourth quarter. Clearstead Advisors LLC now owns 1,363 shares of the technology company’s stock worth $58,000 after buying an additional 970 shares in the last quarter. Finally, Parkside Financial Bank & Trust increased its position in Benchmark Electronics by 28.6% during the fourth quarter. Parkside Financial Bank & Trust now owns 1,446 shares of the technology company’s stock worth $62,000 after buying an additional 322 shares in the last quarter. 92.29% of the stock is owned by institutional investors and hedge funds.
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.
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