Benchmark Electronics (NYSE:BHE) Trading Down 9.4% – Should You Sell?

Benchmark Electronics, Inc. (NYSE:BHE) shares dropped 9.4% on Tuesday . The stock traded as low as $76.45 and last traded at $76.2190. Approximately 81,430 shares changed hands during mid-day trading, a decline of 80% from the average session volume of 400,035 shares. The stock had previously closed at $84.17.

Wall Street Analyst Weigh In

Several equities research analysts have commented on the stock. Weiss Ratings raised shares of Benchmark Electronics from a “hold (c)” rating to a “buy (b-)” rating in a report on Friday, July 31st. Needham & Company LLC boosted their price target on shares of Benchmark Electronics from $80.00 to $90.00 and gave the company a “buy” rating in a research report on Thursday, July 30th. Finally, Lake Street Capital reaffirmed a “buy” rating and issued a $92.00 price objective on shares of Benchmark Electronics in a report on Thursday, April 30th. Three research analysts have rated the stock with a Buy rating, According to MarketBeat, Benchmark Electronics has an average rating of “Buy” and an average price target of $91.00.

Benchmark Electronics Stock Down 4.1%

The stock’s fifty day moving average price is $84.83 and its 200 day moving average price is $73.16. The stock has a market cap of $2.64 billion, a P/E ratio of 50.07 and a beta of 1.27. The company has a current ratio of 1.99, a quick ratio of 1.31 and a debt-to-equity ratio of 0.16.

Benchmark Electronics (NYSE:BHE) last issued its earnings results on Wednesday, July 29th. The technology company reported $0.75 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.69 by $0.06. The business had revenue of $755.98 million during the quarter, compared to analyst estimates of $720.00 million. Benchmark Electronics had a return on equity of 7.28% and a net margin of 1.89%.Benchmark Electronics’s revenue for the quarter was up 17.7% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.03 earnings per share. Benchmark Electronics has set its Q3 2026 guidance at 0.760-0.820 EPS.

Benchmark Electronics Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, July 10th. Investors of record on Tuesday, June 30th were paid a $0.17 dividend. This represents a $0.68 annualized dividend and a dividend yield of 0.9%. The ex-dividend date of this dividend was Tuesday, June 30th. Benchmark Electronics’s payout ratio is presently 46.26%.

Insider Buying and Selling at Benchmark Electronics

In other Benchmark Electronics news, SVP Stephen J. Beaver sold 20,000 shares of the company’s stock in a transaction that occurred on Thursday, June 11th. The stock was sold at an average price of $86.25, for a total transaction of $1,725,000.00. Following the completion of the transaction, the senior vice president owned 75,020 shares of the company’s stock, valued at $6,470,475. This represents a 21.05% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO David Moezidis sold 12,500 shares of the business’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 value of $1,094,625.00. Following the transaction, the chief executive officer directly owned 85,564 shares in the company, valued at $7,492,839.48. This trade represents a 12.75% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Corporate insiders own 1.10% of the company’s stock.

Institutional Trading of Benchmark Electronics

Large investors have recently bought and sold shares of the company. BlackRock Inc. purchased a new position in shares of Benchmark Electronics in the 2nd quarter valued at approximately $579,768,000. Earnest Partners LLC purchased a new position in Benchmark Electronics during the fourth quarter valued at $74,940,000. Franklin Resources Inc. boosted its holdings in shares of Benchmark Electronics by 14.4% during the 3rd quarter. Franklin Resources Inc. now owns 2,688,298 shares of the technology company’s stock valued at $103,634,000 after buying an additional 338,081 shares in the last quarter. Bank of New York Mellon Corp purchased a new stake in shares of Benchmark Electronics in the 2nd quarter worth about $31,061,000. Finally, Kennedy Capital Management LLC lifted its position in Benchmark Electronics by 141.8% during the 3rd quarter. Kennedy Capital Management LLC now owns 363,651 shares of the technology company’s stock valued at $14,019,000 after acquiring an additional 213,276 shares during the period. 92.29% of the stock is owned by institutional investors.

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.