Benchmark Electronics (NYSE:BHE) Sets New 52-Week High – Here’s What Happened

Shares of Benchmark Electronics, Inc. (NYSE:BHE) hit a new 52-week high on Thursday . The company traded as high as $95.25 and last traded at $94.6370, with a volume of 871 shares. The stock had previously closed at $91.88.

Analyst Ratings Changes

A number of research firms recently issued reports on BHE. Lake Street Capital reissued a “buy” rating and issued a $92.00 price target on shares of Benchmark Electronics in a research note on Thursday, April 30th. Wall Street Zen raised Benchmark Electronics from a “buy” rating to a “strong-buy” rating in a research report on Saturday, February 28th. Needham & Company LLC increased their target price on shares of Benchmark Electronics from $62.00 to $80.00 and gave the stock a “buy” rating in a research note on Thursday, April 30th. Finally, Weiss Ratings restated 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 issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $86.00.

Benchmark Electronics Stock Down 5.4%

The firm has a market cap of $3.30 billion, a PE ratio of 96.82 and a beta of 1.26. The business has a fifty day moving average price of $83.13 and a two-hundred day moving average price of $63.42. The company has a debt-to-equity ratio of 0.18, a current ratio of 2.18 and a quick ratio of 1.42.

Benchmark Electronics (NYSE:BHE) last issued its quarterly earnings data on Wednesday, April 29th. The technology company reported $0.58 earnings per share for the quarter, topping analysts’ consensus estimates of $0.56 by $0.02. The business had revenue of $677.28 million during the quarter, compared to analysts’ expectations of $676.25 million. Benchmark Electronics had a net margin of 1.27% and a return on equity of 6.63%. Benchmark Electronics’s revenue for the quarter was up 7.1% on a year-over-year basis. During the same period in the previous year, the company earned $0.52 earnings per share. Benchmark Electronics has set its Q2 2026 guidance at 0.650-0.710 EPS.

Benchmark Electronics Announces Dividend

The business also recently declared 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 dividend on an annualized basis and a dividend yield of 0.7%. Benchmark Electronics’s dividend payout ratio is 71.58%.

Insider Buying and Selling at Benchmark Electronics

In related news, Director Kenneth T. Lamneck sold 24,263 shares of the stock in a transaction dated Tuesday, May 12th. The stock was sold at an average price of $81.49, for a total transaction of $1,977,191.87. Following the completion of 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 ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Stephen J. Beaver sold 20,000 shares of Benchmark Electronics stock in a transaction on Thursday, June 11th. The shares were sold at an average price of $86.25, for a total transaction of $1,725,000.00. Following the completion of the sale, the senior vice president owned 75,020 shares in the company, valued at $6,470,475. The trade was a 21.05% 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 three months. 1.10% of the stock is owned by insiders.

Hedge Funds Weigh In On Benchmark Electronics

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Rockefeller Capital Management L.P. grew 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 acquiring an additional 250 shares in the last quarter. Aster Capital Management DIFC Ltd bought a new stake in shares of Benchmark Electronics in the 3rd quarter valued at about $40,000. Kestra Advisory Services LLC acquired a new position in Benchmark Electronics in the fourth quarter valued at $42,000. Clearstead Advisors LLC increased its stake in shares of Benchmark Electronics by 246.8% in the 4th quarter. Clearstead Advisors LLC now owns 1,363 shares of the technology company’s stock valued at $58,000 after acquiring an additional 970 shares in the last quarter. Finally, Parkside Financial Bank & Trust grew 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 valued at $62,000 after acquiring an additional 322 shares during the period. 92.29% of the stock is owned by institutional investors.

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.