Needham & Company LLC Boosts Benchmark Electronics (NYSE:BHE) Price Target to $90.00

Benchmark Electronics (NYSE:BHE) had its target price boosted by stock analysts at Needham & Company LLC from $80.00 to $90.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The brokerage currently has a “buy” rating on the technology company’s stock. Needham & Company LLC’s price target indicates a potential upside of 12.91% from the company’s current price.

BHE has been the topic of a number of other reports. Weiss Ratings restated a “hold (c)” rating on shares of Benchmark Electronics in a research report on Friday, July 17th. Lake Street Capital reiterated a “buy” rating and issued a $92.00 price objective on shares of Benchmark Electronics in a research report on Thursday, April 30th. Two research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $91.00.

Benchmark Electronics Stock Up 0.4%

Shares of NYSE:BHE opened at $79.71 on Thursday. Benchmark Electronics has a 52 week low of $34.44 and a 52 week high of $100.41. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.42 and a current ratio of 1.99. The company’s fifty day moving average is $86.07 and its 200-day moving average is $70.09. The company has a market capitalization of $2.86 billion, a PE ratio of 54.23 and a beta of 1.24.

Benchmark Electronics (NYSE:BHE) last announced its earnings results on Wednesday, July 29th. The technology company reported $0.75 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.69 by $0.06. The business had revenue of $755.98 million during the quarter, compared to analysts’ expectations of $720.00 million. Benchmark Electronics had a net margin of 1.89% and a return on equity of 7.28%. The firm’s revenue for the quarter was up 17.7% on a year-over-year basis. During the same quarter last year, the company posted $0.03 EPS. Benchmark Electronics has set its Q3 2026 guidance at 0.760-0.820 EPS.

Insider Buying and Selling

In other Benchmark Electronics news, Director Kenneth T. Lamneck sold 24,263 shares of the stock in a transaction on Tuesday, May 12th. The stock was sold at an average price of $81.49, for a total value of $1,977,191.87. Following the transaction, the director directly owned 47,418 shares in the company, valued at approximately $3,864,092.82. This trade represents a 33.85% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Rhonda R. Turner sold 6,600 shares of the stock in a transaction on Wednesday, May 6th. The shares were sold at an average price of $85.14, for a total value of $561,924.00. Following the completion of the transaction, the senior vice president owned 36,067 shares in the company, valued at $3,070,744.38. The trade was a 15.47% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 86,352 shares of company stock valued at $7,312,806. Insiders own 1.10% of the company’s stock.

Hedge Funds Weigh In On Benchmark Electronics

Several large investors have recently made changes to their positions in BHE. Rockefeller Capital Management L.P. increased its position in Benchmark Electronics by 69.6% in 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 during the period. Kestra Advisory Services LLC acquired a new position in Benchmark Electronics during the 4th quarter valued at about $42,000. Clearstead Advisors LLC lifted its position in Benchmark Electronics by 246.8% during the 4th quarter. Clearstead Advisors LLC now owns 1,363 shares of the technology company’s stock valued at $58,000 after purchasing an additional 970 shares during the period. Parkside Financial Bank & Trust boosted its stake 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 valued at $62,000 after purchasing 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 valued at about $79,000. Institutional investors and hedge funds 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.