Benchmark Electronics (NYSE:BHE) Hits New 52-Week High – Here’s Why

Benchmark Electronics, Inc. (NYSE:BHE)’s stock price hit a new 52-week high during mid-day trading 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.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on BHE shares. Needham & Company LLC increased their price objective 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. Lake Street Capital restated a “buy” rating and issued a $92.00 target price on shares of Benchmark Electronics in a research report on Thursday, April 30th. Weiss Ratings reiterated a “hold (c)” rating on shares of Benchmark Electronics in a report on Monday, April 20th. Finally, Wall Street Zen raised Benchmark Electronics from a “buy” rating to a “strong-buy” rating in a research note on Saturday, February 28th. Two investment 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, Benchmark Electronics presently has an average rating of “Moderate Buy” and an average price target of $86.00.

Benchmark Electronics Stock Performance

The company has a market capitalization of $3.43 billion, a price-to-earnings ratio of 101.11 and a beta of 1.26. The company has a 50 day moving average price of $81.87 and a 200 day moving average price of $62.87. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.42 and a current ratio of 2.18.

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 analysts’ consensus estimates of $0.56 by $0.02. Benchmark Electronics had a return on equity of 6.63% and a net margin of 1.27%.The company had revenue of $677.28 million for the quarter, compared to analyst estimates of $676.25 million. During the same period in the prior year, the firm earned $0.52 earnings per share. Benchmark Electronics’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 Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, July 10th. Investors of record on Tuesday, June 30th will be issued a dividend of $0.17 per share. The ex-dividend date is Tuesday, June 30th. This represents a $0.68 annualized dividend and a yield of 0.7%. Benchmark Electronics’s payout ratio is 71.58%.

Insider Transactions at Benchmark Electronics

In related news, SVP Rhonda R. Turner sold 6,600 shares of the stock in a transaction that occurred on Wednesday, May 6th. The stock was sold at an average price of $85.14, for a total transaction of $561,924.00. Following the completion of the sale, the senior vice president directly owned 36,067 shares of the company’s stock, valued at approximately $3,070,744.38. This trade represents a 15.47% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO David Moezidis sold 12,500 shares of the company’s stock in a transaction on Tuesday, May 26th. The shares were sold at an average price of $87.57, for a total value of $1,094,625.00. Following the completion of the transaction, the chief executive officer owned 85,564 shares of the company’s stock, valued at $7,492,839.48. This trade represents a 12.75% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 86,352 shares of company stock worth $7,312,806. Company insiders own 1.10% of the company’s stock.

Institutional Inflows and Outflows

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