Benchmark Electronics (NYSE:BHE) Hits New 12-Month High – Here’s What Happened

Shares of Benchmark Electronics, Inc. (NYSE:BHE) hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $100.41 and last traded at $99.1580, with a volume of 689363 shares. The stock had previously closed at $95.16.

Analyst Ratings Changes

Several research firms recently commented on BHE. Needham & Company LLC upped 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. Lake Street Capital reissued a “buy” rating and issued a $92.00 target price on shares of Benchmark Electronics in a research report on Thursday, April 30th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Benchmark Electronics in a research note on Monday, April 20th. Two equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $86.00.

Benchmark Electronics Price Performance

The business has a fifty day moving average of $85.44 and a 200-day moving average of $64.82. The firm has a market cap of $3.10 billion, a PE ratio of 90.82 and a beta of 1.24. The company has a current ratio of 2.18, a quick ratio of 1.42 and a debt-to-equity ratio of 0.18.

Benchmark Electronics (NYSE:BHE) last issued its earnings results on Wednesday, April 29th. The technology company reported $0.58 EPS for the quarter, topping the consensus estimate of $0.56 by $0.02. Benchmark Electronics had a return on equity of 6.63% and a net margin of 1.27%.The business had revenue of $677.28 million during the quarter, compared to the consensus estimate of $676.25 million. During the same quarter last year, the company earned $0.52 EPS. The firm’s revenue 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 Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 10th. Investors of record on Tuesday, June 30th will be paid a dividend of $0.17 per share. The ex-dividend date of this dividend is Tuesday, June 30th. This represents a $0.68 annualized dividend and a yield of 0.8%. Benchmark Electronics’s payout ratio is currently 71.58%.

Insider Buying and Selling at Benchmark Electronics

In other Benchmark Electronics news, Director David W. Scheible sold 22,989 shares of the firm’s stock in a transaction 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 transaction, the director directly owned 62,057 shares of the company’s stock, valued at $5,274,845. This trade represents a 27.03% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, SVP Rhonda R. Turner sold 6,600 shares of the business’s stock in a transaction on Wednesday, May 6th. The shares were sold at an average price of $85.14, for a total transaction of $561,924.00. Following the transaction, the senior vice president owned 36,067 shares of the company’s stock, valued at $3,070,744.38. This trade represents a 15.47% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 86,352 shares of company stock worth $7,312,806 in the last ninety days. Insiders own 1.10% of the company’s stock.

Institutional Investors Weigh In On Benchmark Electronics

Institutional investors and hedge funds have recently made changes to their positions in the business. Rockefeller Capital Management L.P. grew its holdings in shares of 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 purchasing an additional 250 shares in the last quarter. Kestra Advisory Services LLC purchased a new position in Benchmark Electronics in the 4th quarter worth approximately $42,000. Clearstead Advisors LLC grew its stake in Benchmark Electronics by 246.8% in 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 in the last quarter. Parkside Financial Bank & Trust increased its holdings in shares of Benchmark Electronics by 28.6% in 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. bought 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.

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.