Benchmark Electronics (NYSE:BHE) Shares Cross Above Two Hundred Day Moving Average – Here’s What Happened

Benchmark Electronics, Inc. (NYSE:BHE) crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $47.09 and traded as high as $60.07. Benchmark Electronics shares last traded at $59.5240, with a volume of 518,491 shares traded.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the stock. Lake Street Capital set a $62.00 price target on shares of Benchmark Electronics in a report on Wednesday, February 4th. Weiss Ratings reiterated a “hold (c)” rating on shares of Benchmark Electronics in a report on Wednesday, January 21st. Wall Street Zen raised shares of Benchmark Electronics from a “buy” rating to a “strong-buy” rating in a research report on Saturday, February 28th. Finally, Needham & Company LLC raised their target price on Benchmark Electronics from $55.00 to $62.00 and gave the company a “buy” rating 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 company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $62.00.

Benchmark Electronics Stock Performance

The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.52 and a current ratio of 2.28. The company has a market capitalization of $2.12 billion, a PE ratio of 86.27 and a beta of 0.99. The company has a 50 day moving average price of $54.94 and a 200 day moving average price of $47.09.

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 business had revenue of $704.00 million during 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 was up 7.2% compared to the same quarter last year. During the same quarter in the previous 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 business also recently announced a quarterly dividend, which will be paid on Friday, April 10th. Stockholders of record on Tuesday, March 31st will be given a $0.17 dividend. The ex-dividend date of this dividend is Tuesday, March 31st. This represents a $0.68 annualized dividend and a dividend yield of 1.1%. Benchmark Electronics’s payout ratio is presently 98.55%.

Insider Activity

In other news, CEO Jeff Benck sold 834 shares of the stock in a transaction dated Friday, February 13th. The shares were sold at an average price of $60.06, for a total transaction of $50,090.04. Following the transaction, the chief executive officer owned 397,246 shares of the company’s stock, valued at approximately $23,858,594.76. This trade represents a 0.21% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In the last quarter, insiders have sold 40,934 shares of company stock valued at $2,264,419. Corporate insiders own 2.20% of the company’s stock.

Institutional Trading of Benchmark Electronics

Institutional investors and hedge funds have recently bought and sold shares of the company. Rockefeller Capital Management L.P. lifted its holdings in Benchmark Electronics by 69.6% during the 4th quarter. Rockefeller Capital Management L.P. now owns 609 shares of the technology company’s stock worth $26,000 after buying an additional 250 shares during the last quarter. Virtu Financial LLC bought a new stake in shares of Benchmark Electronics in the 4th quarter valued at approximately $284,000. Summit Global Investments increased its holdings in shares of Benchmark Electronics by 151.9% in the 4th quarter. Summit Global Investments now owns 24,416 shares of the technology company’s stock valued at $1,044,000 after acquiring an additional 14,724 shares during the last quarter. XTX Topco Ltd acquired a new stake in shares of Benchmark Electronics during the 4th quarter valued at approximately $1,214,000. Finally, VARCOV Co. acquired a new stake in shares of Benchmark Electronics during the 4th quarter valued at approximately $427,000. 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.