Benchmark Electronics (NYSE:BHE) Raised to “Hold” at Zacks Research

Benchmark Electronics (NYSE:BHE – Get Free Report) was upgraded by equities research analysts at Zacks Research to a “hold” rating in a report released on Monday, Zacks reports.

A number of other research firms have also commented on BHE. 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. Needham & Company LLC boosted their target price on Benchmark Electronics from $80.00 to $90.00 and gave the stock a “buy” rating in a report on Thursday, July 30th. Two analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, Benchmark Electronics currently has an average rating of “Moderate Buy” and a consensus price target of $91.00.

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Benchmark Electronics Stock Performance

Shares of NYSE:BHE opened at $86.12 on Monday. 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 business’s fifty day moving average price is $77.87 and its two-hundred day moving average price is $77.96. Benchmark Electronics has a fifty-two week low of $35.91 and a fifty-two week high of $100.41. The stock has a market capitalization of $3.09 billion, a price-to-earnings ratio of 58.58, a price-to-earnings-growth ratio of 1.65 and a beta of 1.25.

Benchmark Electronics (NYSE:BHE – Get Free Report) last issued its quarterly earnings data 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. Benchmark Electronics had a return on equity of 7.28% and a net margin of 1.89%.The company had revenue of $755.98 million during the quarter, compared to analysts’ expectations of $720.00 million. During the same period last year, the business earned $0.03 earnings per share. The business’s revenue was up 17.7% on a year-over-year basis. Benchmark Electronics has set its Q3 2026 guidance at 0.760-0.820 EPS. As a group, analysts predict that Benchmark Electronics will post 2.37 EPS for the current fiscal year.

Hedge Funds Weigh In On Benchmark Electronics

Hedge funds have recently added to or reduced their stakes in the stock. Rockefeller Capital Management L.P. grew its holdings 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 valued at $26,000 after purchasing an additional 250 shares during the period. Integrated Wealth Concepts LLC acquired a new position in shares of Benchmark Electronics in the second quarter valued at approximately $64,000. Group One Trading LLC bought a new stake in Benchmark Electronics in the 2nd quarter valued at $73,000. Global Retirement Partners LLC acquired a new stake in shares of Benchmark Electronics in the 2nd quarter valued at about $112,000. Finally, Public Employees Retirement System of Ohio bought a new position in shares of Benchmark Electronics during the second quarter worth about $113,000. Institutional investors and hedge funds own 92.29% of the company’s stock.

About Benchmark Electronics

(Get Free Report)

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.

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