Benchmark Electronics (NYSE:BHE) Hits New 1-Year High – Here’s What Happened

Benchmark Electronics, Inc. (NYSE:BHE)’s stock price reached a new 52-week high during mid-day trading on Friday . The company traded as high as $52.83 and last traded at $51.81, with a volume of 22739 shares traded. The stock had previously closed at $51.82.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on BHE shares. Lake Street Capital raised their target price on shares of Benchmark Electronics from $51.00 to $57.00 and gave the stock a “buy” rating in a research report on Friday, January 23rd. Wall Street Zen raised shares of Benchmark Electronics from a “hold” rating to a “buy” rating in a report on Saturday, November 8th. Weiss Ratings reissued a “hold (c)” rating on shares of Benchmark Electronics in a report on Wednesday, January 21st. Finally, Needham & Company LLC increased their price objective on Benchmark Electronics from $47.00 to $55.00 and gave the stock a “buy” rating in a research report on Friday, January 16th. Two equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $56.00.

Benchmark Electronics Price Performance

The stock has a fifty day moving average of $46.41 and a two-hundred day moving average of $42.49. The stock has a market cap of $1.86 billion, a price-to-earnings ratio of 50.82 and a beta of 1.03. The company has a quick ratio of 1.50, a current ratio of 2.32 and a debt-to-equity ratio of 0.19.

Benchmark Electronics (NYSE:BHE) last issued its earnings results on Tuesday, November 4th. The technology company reported $0.62 EPS for the quarter, topping the consensus estimate of $0.57 by $0.05. Benchmark Electronics had a net margin of 1.43% and a return on equity of 6.15%. The company had revenue of $680.68 million for the quarter, compared to analyst estimates of $661.67 million. During the same period in the previous year, the firm earned $0.57 EPS. The business’s revenue was up 3.5% on a year-over-year basis. Benchmark Electronics has set its Q4 2025 guidance at 0.620-0.680 EPS.

Benchmark Electronics Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, January 13th. Shareholders of record on Wednesday, December 31st were issued a $0.17 dividend. The ex-dividend date of this dividend was Wednesday, December 31st. This represents a $0.68 dividend on an annualized basis and a yield of 1.3%. Benchmark Electronics’s dividend payout ratio (DPR) is 66.67%.

Insider Activity at Benchmark Electronics

In other news, SVP Jan M. Janick sold 8,967 shares of the business’s stock in a transaction that occurred on Thursday, November 20th. The stock was sold at an average price of $42.66, for a total transaction of $382,532.22. Following the sale, the senior vice president owned 53,401 shares of the company’s stock, valued at $2,278,086.66. The trade was a 14.38% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Stephen J. Beaver sold 1,250 shares of the company’s stock in a transaction that occurred on Monday, December 8th. The stock was sold at an average price of $48.00, for a total value of $60,000.00. Following the completion of the sale, the senior vice president owned 85,745 shares in the company, valued at approximately $4,115,760. This represents a 1.44% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 63,967 shares of company stock valued at $3,029,458 in the last 90 days. Insiders own 2.20% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. Franklin Resources Inc. boosted its position in shares of Benchmark Electronics by 14.4% in the 3rd quarter. Franklin Resources Inc. now owns 2,688,298 shares of the technology company’s stock worth $103,634,000 after buying an additional 338,081 shares in the last quarter. First Trust Advisors LP lifted its holdings in shares of Benchmark Electronics by 39.0% in the second quarter. First Trust Advisors LP now owns 1,790,647 shares of the technology company’s stock valued at $69,531,000 after purchasing an additional 502,717 shares in the last quarter. American Century Companies Inc. lifted its holdings in shares of Benchmark Electronics by 2.3% in the third quarter. American Century Companies Inc. now owns 1,328,183 shares of the technology company’s stock valued at $51,201,000 after purchasing an additional 29,923 shares in the last quarter. Wasatch Advisors LP grew its position in shares of Benchmark Electronics by 0.6% in the second quarter. Wasatch Advisors LP now owns 1,229,825 shares of the technology company’s stock valued at $47,754,000 after purchasing an additional 6,868 shares during the last quarter. Finally, Geode Capital Management LLC increased its stake in shares of Benchmark Electronics by 1.4% during the 2nd quarter. Geode Capital Management LLC now owns 887,370 shares of the technology company’s stock worth $34,461,000 after purchasing an additional 12,444 shares in 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.