Benchmark Electronics (NYSE:BHE) Stock Crosses Above 200 Day Moving Average – Here’s What Happened

Benchmark Electronics, Inc. (NYSE:BHE)’s share price crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $59.63 and traded as high as $88.57. Benchmark Electronics shares last traded at $83.0650, with a volume of 501,354 shares traded.

Analyst Upgrades and Downgrades

BHE has been the subject of several recent analyst reports. Lake Street Capital restated a “buy” rating and set a $92.00 price objective on shares of Benchmark Electronics in a research report on Thursday, April 30th. Needham & Company LLC lifted their price target on shares of Benchmark Electronics from $62.00 to $80.00 and gave the company a “buy” rating in a research report on Thursday, April 30th. Wall Street Zen upgraded shares of Benchmark Electronics from a “buy” rating to a “strong-buy” rating in a research report on Saturday, February 28th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Benchmark Electronics in a research report on Monday, April 20th. Two research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, Benchmark Electronics has an average rating of “Moderate Buy” and an average price target of $86.00.

Benchmark Electronics Trading Down 4.2%

The firm has a market capitalization of $2.98 billion, a price-to-earnings ratio of 87.44 and a beta of 1.26. The business’s 50-day simple moving average is $75.46 and its two-hundred day simple moving average is $59.63. The company has a quick ratio of 1.42, a current ratio of 2.18 and a debt-to-equity ratio of 0.18.

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

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, July 10th. Stockholders 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 annualized dividend and a dividend yield of 0.8%. Benchmark Electronics’s dividend payout ratio (DPR) is presently 71.58%.

Insider Buying and Selling at Benchmark Electronics

In other news, Director David W. Scheible sold 22,989 shares of the firm’s stock in a transaction that occurred 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 owned 62,057 shares of the company’s stock, valued at approximately $5,274,845. This trade represents a 27.03% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO David Moezidis sold 12,500 shares of the firm’s stock in a transaction that occurred on Tuesday, May 26th. The shares were sold at an average price of $87.57, for a total transaction of $1,094,625.00. Following the completion of the transaction, the chief executive officer directly owned 85,564 shares of the company’s stock, valued at approximately $7,492,839.48. The trade was a 12.75% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 66,352 shares of company stock worth $5,587,806. 1.10% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in BHE. Rockefeller Capital Management L.P. boosted its stake in shares of Benchmark Electronics by 69.6% in the fourth quarter. Rockefeller Capital Management L.P. now owns 609 shares of the technology company’s stock valued at $26,000 after purchasing an additional 250 shares during the period. Aster Capital Management DIFC Ltd purchased a new position in Benchmark Electronics in the third quarter worth approximately $40,000. Kestra Advisory Services LLC purchased a new position in Benchmark Electronics in the fourth quarter worth approximately $42,000. Clearstead Advisors LLC lifted its stake in Benchmark Electronics by 246.8% in the fourth quarter. Clearstead Advisors LLC now owns 1,363 shares of the technology company’s stock worth $58,000 after acquiring an additional 970 shares during the last quarter. Finally, Parkside Financial Bank & Trust lifted its stake in Benchmark Electronics by 28.6% in the fourth quarter. Parkside Financial Bank & Trust now owns 1,446 shares of the technology company’s stock worth $62,000 after acquiring an additional 322 shares during the last quarter. 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.