Benchmark Electronics (NYSE:BHE) Raised to “Strong-Buy” at Wall Street Zen

Benchmark Electronics (NYSE:BHE) was upgraded by analysts at Wall Street Zen from a “buy” rating to a “strong-buy” rating in a research note issued on Saturday.

A number of other equities research analysts have also issued reports on the stock. Needham & Company LLC increased their target price on shares of Benchmark Electronics from $55.00 to $62.00 and gave the stock a “buy” rating in a report on Wednesday, February 4th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Benchmark Electronics in a research report on Wednesday, January 21st. Finally, Lake Street Capital set a $62.00 price objective on Benchmark Electronics in a research note on Wednesday, February 4th. Two analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, Benchmark Electronics has an average rating of “Moderate Buy” and a consensus target price of $62.00.

Benchmark Electronics Price Performance

BHE opened at $57.74 on Friday. The stock’s 50-day moving average price is $51.34 and its 200 day moving average price is $45.19. Benchmark Electronics has a 12-month low of $30.73 and a 12-month high of $61.12. The firm has a market cap of $2.06 billion, a price-to-earnings ratio of 83.69 and a beta of 1.03. The company has a current ratio of 2.28, a quick ratio of 1.52 and a debt-to-equity ratio of 0.19.

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

Insider Activity at Benchmark Electronics

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

Institutional Investors Weigh In On Benchmark Electronics

Several institutional investors have recently added to or reduced their stakes in the business. Royal Bank of Canada lifted its holdings in shares of Benchmark Electronics by 30.2% in the 1st quarter. Royal Bank of Canada now owns 14,420 shares of the technology company’s stock valued at $548,000 after purchasing an additional 3,341 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in Benchmark Electronics by 4.6% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 21,239 shares of the technology company’s stock worth $808,000 after buying an additional 931 shares during the period. Caxton Associates LLP purchased a new stake in Benchmark Electronics in the first quarter valued at approximately $202,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake in Benchmark Electronics by 12.2% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 104,673 shares of the technology company’s stock valued at $3,981,000 after buying an additional 11,369 shares during the last quarter. Finally, Jane Street Group LLC boosted its holdings in shares of Benchmark Electronics by 99.8% in the first quarter. Jane Street Group LLC now owns 107,802 shares of the technology company’s stock valued at $4,100,000 after acquiring an additional 53,840 shares during the period. 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.