Benchmark Electronics (NYSE:BHE) Reaches New 1-Year High – Here’s What Happened

Benchmark Electronics, Inc. (NYSE:BHE) hit a new 52-week high on Thursday . The company traded as high as $94.75 and last traded at $93.61, with a volume of 77017 shares trading hands. The stock had previously closed at $91.05.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on BHE shares. Wall Street Zen raised Benchmark Electronics from a “buy” rating to a “strong-buy” rating in a research note on Saturday, February 28th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Benchmark Electronics in a research note on Monday, April 20th. Lake Street Capital reaffirmed a “buy” rating and issued a $92.00 price objective on shares of Benchmark Electronics in a research note on Thursday, April 30th. Finally, Needham & Company LLC lifted their price objective on Benchmark Electronics from $62.00 to $80.00 and gave the company a “buy” rating in a research note 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. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $86.00.

Benchmark Electronics Price Performance

The company has a 50-day simple moving average of $78.82 and a 200-day simple moving average of $61.24. The company has a market cap of $3.31 billion, a price-to-earnings ratio of 97.28 and a beta of 1.26. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.42 and a current ratio of 2.18.

Benchmark Electronics (NYSE:BHE) last posted its earnings results on Wednesday, April 29th. The technology company reported $0.58 earnings per share (EPS) 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 analyst estimates of $676.25 million. During the same quarter in the prior year, the company earned $0.52 EPS. Benchmark Electronics’s revenue was up 7.1% on a year-over-year basis. Benchmark Electronics has set its Q2 2026 guidance at 0.650-0.710 EPS.

Benchmark Electronics Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, July 10th. Investors of record on Tuesday, June 30th will be paid a $0.17 dividend. The ex-dividend date of this dividend is Tuesday, June 30th. This represents a $0.68 dividend on an annualized basis and a yield of 0.7%. Benchmark Electronics’s dividend payout ratio is presently 71.58%.

Insider Transactions at Benchmark Electronics

In other Benchmark Electronics news, CEO David Moezidis sold 12,500 shares of the business’s stock in a transaction on Tuesday, May 26th. The stock was sold at an average price of $87.57, for a total value of $1,094,625.00. Following the completion of the transaction, the chief executive officer directly owned 85,564 shares in the company, valued at approximately $7,492,839.48. The trade was a 12.75% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, SVP Stephen J. Beaver sold 20,000 shares of the business’s stock in a transaction on Thursday, June 11th. The shares were sold at an average price of $86.25, for a total value of $1,725,000.00. Following the completion of the transaction, the senior vice president owned 75,020 shares of the company’s stock, valued at $6,470,475. This trade represents a 21.05% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 86,352 shares of company stock worth $7,312,806 in the last quarter. Insiders own 1.10% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of BHE. Rockefeller Capital Management L.P. raised its holdings in Benchmark Electronics by 69.6% in the 4th quarter. Rockefeller Capital Management L.P. now owns 609 shares of the technology company’s stock valued at $26,000 after acquiring an additional 250 shares during the last quarter. Aster Capital Management DIFC Ltd acquired a new position in Benchmark Electronics in the 3rd quarter valued at $40,000. Kestra Advisory Services LLC acquired a new stake in shares of Benchmark Electronics during the 4th quarter worth $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. Finally, 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. 92.29% of the stock is currently 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.