Benchmark Electronics (NYSE:BHE) Hits New 12-Month High – Time to Buy?

Shares of Benchmark Electronics, Inc. (NYSE:BHE) hit a new 52-week high during mid-day trading on Friday . The company traded as high as $90.10 and last traded at $90.8510, with a volume of 59446 shares traded. The stock had previously closed at $88.99.

Analyst Ratings Changes

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

Benchmark Electronics Stock Performance

The company has a current ratio of 2.18, a quick ratio of 1.42 and a debt-to-equity ratio of 0.18. The firm has a 50-day simple moving average of $76.12 and a two-hundred day simple moving average of $59.96. The company has a market capitalization of $3.23 billion, a price-to-earnings ratio of 94.79 and a beta of 1.26.

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

Benchmark Electronics Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 10th. Stockholders of record on Tuesday, June 30th will be issued a dividend of $0.17 per share. 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 0.8%. Benchmark Electronics’s dividend payout ratio is currently 71.58%.

Insider Buying and Selling at Benchmark Electronics

In related news, Director David W. Scheible sold 22,989 shares of the stock in a transaction that occurred on Wednesday, May 13th. The stock was sold at an average price of $85.00, for a total transaction of $1,954,065.00. Following the completion of the sale, the director owned 62,057 shares in the company, valued at $5,274,845. This represents a 27.03% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, SVP Rhonda R. Turner sold 6,600 shares of the stock in a transaction that occurred 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 sale, the senior vice president owned 36,067 shares of the company’s stock, valued at approximately $3,070,744.38. The trade was a 15.47% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 86,352 shares of company stock worth $7,312,806 in the last 90 days. Company insiders own 1.10% of the company’s stock.

Institutional Trading of Benchmark Electronics

Hedge funds have recently modified their holdings of the company. ProShare Advisors LLC raised its holdings in shares of Benchmark Electronics by 3.2% in the 4th quarter. ProShare Advisors LLC now owns 6,952 shares of the technology company’s stock worth $297,000 after buying an additional 214 shares in the last quarter. Pictet Asset Management Holding SA increased its holdings in Benchmark Electronics by 4.6% during the 1st quarter. Pictet Asset Management Holding SA now owns 5,097 shares of the technology company’s stock valued at $286,000 after purchasing an additional 226 shares in the last quarter. Crossmark Global Holdings Inc. increased its stake in shares of Benchmark Electronics by 3.3% in the 4th quarter. Crossmark Global Holdings Inc. now owns 7,158 shares of the technology company’s stock valued at $306,000 after buying an additional 228 shares during the period. Rockefeller Capital Management L.P. increased its stake in shares of Benchmark Electronics by 69.6% in the 4th quarter. Rockefeller Capital Management L.P. now owns 609 shares of the technology company’s stock valued at $26,000 after buying an additional 250 shares during the period. Finally, Parkside Financial Bank & Trust increased 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 buying an additional 322 shares during the period. 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.