Benchmark Electronics (NYSE:BHE) Hits New 1-Year High – Still a Buy?

Benchmark Electronics, Inc. (NYSE:BHE)’s share price hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as $60.60 and last traded at $60.11, with a volume of 75794 shares. The stock had previously closed at $57.80.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on BHE. Weiss Ratings reiterated a “hold (c)” rating on shares of Benchmark Electronics in a research note on Wednesday, January 21st. Wall Street Zen upgraded Benchmark Electronics from a “hold” rating to a “buy” rating in a research note on Saturday, November 8th. Needham & Company LLC upped their price target on Benchmark Electronics from $55.00 to $62.00 and gave the company a “buy” rating in a report on Wednesday, February 4th. Finally, Lake Street Capital set a $62.00 price objective on shares of Benchmark Electronics in a report on Wednesday, February 4th. Two analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, Benchmark Electronics presently has a consensus rating of “Moderate Buy” and an average price target of $62.00.

Benchmark Electronics Stock Up 5.5%

The company has a market capitalization of $2.17 billion, a price-to-earnings ratio of 88.41 and a beta of 1.02. The company has a current ratio of 2.28, a quick ratio of 1.52 and a debt-to-equity ratio of 0.19. The firm’s 50 day simple moving average is $50.17 and its 200-day simple moving average is $44.70.

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

Benchmark Electronics Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, January 13th. Shareholders of record on Wednesday, December 31st were issued a $0.17 dividend. The ex-dividend date of this dividend was Wednesday, December 31st. This represents a $0.68 dividend on an annualized basis and a yield of 1.1%. Benchmark Electronics’s dividend payout ratio (DPR) is 98.55%.

Insider Activity

In related news, SVP Rhonda R. Turner sold 10,000 shares of the company’s stock in a transaction that occurred on Friday, December 12th. The stock was sold at an average price of $47.83, for a total value of $478,300.00. Following the sale, the senior vice president owned 34,701 shares in the company, valued at $1,659,748.83. This represents a 22.37% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, SVP Stephen J. Beaver sold 8,750 shares of the firm’s stock in a transaction that occurred on Friday, December 5th. The shares were sold at an average price of $46.92, for a total value of $410,550.00. Following the completion of the transaction, the senior vice president directly owned 86,995 shares of the company’s stock, valued at $4,081,805.40. The trade was a 9.14% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 80,934 shares of company stock worth $4,157,769 in the last 90 days. 2.20% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. Aster Capital Management DIFC Ltd acquired a new position in shares of Benchmark Electronics during the 3rd quarter valued at about $40,000. Kestra Advisory Services LLC acquired a new position in shares of Benchmark Electronics in the 4th quarter valued at $42,000. Clearstead Advisors LLC increased its holdings in shares of Benchmark Electronics by 246.8% during the 4th quarter. Clearstead Advisors LLC now owns 1,363 shares of the technology company’s stock worth $58,000 after buying an additional 970 shares during the last quarter. Parkside Financial Bank & Trust increased its holdings in shares of Benchmark Electronics by 28.6% during the 4th 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 during the last quarter. Finally, Kemnay Advisory Services Inc. purchased a new position in shares of Benchmark Electronics in the 4th quarter worth $79,000. Hedge funds and other institutional investors own 92.29% of the company’s stock.

Benchmark Electronics Company Profile

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.