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

Benchmark Electronics, Inc. (NYSE:BHE)’s stock price reached a new 52-week high during trading on Tuesday . The company traded as high as $50.30 and last traded at $49.68, with a volume of 33621 shares traded. The stock had previously closed at $49.49.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on BHE shares. Wall Street Zen raised Benchmark Electronics from a “hold” rating to a “buy” rating in a research note on Saturday, November 8th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Benchmark Electronics in a research report on Wednesday, October 8th. Needham & Company LLC increased their price target on shares of Benchmark Electronics from $47.00 to $55.00 and gave the stock a “buy” rating in a research report on Friday, January 16th. Finally, Lake Street Capital reissued a “buy” rating and issued a $51.00 price objective on shares of Benchmark Electronics in a research note on Wednesday, November 5th. Two research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $53.00.

Benchmark Electronics Trading Down 1.2%

The company has a fifty day simple moving average of $45.70 and a two-hundred day simple moving average of $42.15. The company has a current ratio of 2.32, a quick ratio of 1.50 and a debt-to-equity ratio of 0.19. The company has a market cap of $1.82 billion, a PE ratio of 49.94 and a beta of 1.03.

Benchmark Electronics (NYSE:BHE) last announced its quarterly earnings data on Tuesday, November 4th. The technology company reported $0.62 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.57 by $0.05. Benchmark Electronics had a return on equity of 6.15% and a net margin of 1.43%.The business had revenue of $680.68 million during the quarter, compared to analysts’ expectations of $661.67 million. During the same quarter last year, the business posted $0.57 EPS. The business’s quarterly revenue was up 3.5% compared to the same quarter last year. Benchmark Electronics has set its Q4 2025 guidance at 0.620-0.680 EPS.

Benchmark Electronics Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, January 13th. Shareholders of record on Wednesday, December 31st were issued a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a yield of 1.3%. The ex-dividend date was Wednesday, December 31st. Benchmark Electronics’s payout ratio is 66.67%.

Insider Activity

In related news, SVP Jan M. Janick sold 8,967 shares of the stock in a transaction on Thursday, November 20th. The stock was sold at an average price of $42.66, for a total value of $382,532.22. Following the transaction, the senior vice president owned 53,401 shares of the company’s stock, valued at $2,278,086.66. This represents a 14.38% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO Jeff Benck sold 14,900 shares of the firm’s stock in a transaction on Wednesday, January 21st. The shares were sold at an average price of $50.24, for a total value of $748,576.00. Following the completion of the sale, the chief executive officer owned 423,180 shares in the company, valued at approximately $21,260,563.20. This represents a 3.40% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 63,967 shares of company stock valued at $3,029,458. 2.20% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the business. American Century Companies Inc. grew its position in shares of Benchmark Electronics by 3.6% in the 2nd quarter. American Century Companies Inc. now owns 1,298,260 shares of the technology company’s stock worth $50,411,000 after acquiring an additional 45,602 shares in the last quarter. Assenagon Asset Management S.A. raised its position in shares of Benchmark Electronics by 20.7% during the 2nd quarter. Assenagon Asset Management S.A. now owns 70,708 shares of the technology company’s stock worth $2,746,000 after buying an additional 12,136 shares in the last quarter. Summit Global Investments lifted its holdings in shares of Benchmark Electronics by 157.9% in the second quarter. Summit Global Investments now owns 30,123 shares of the technology company’s stock valued at $1,170,000 after buying an additional 18,444 shares during the period. Geode Capital Management LLC lifted its stake in Benchmark Electronics by 1.4% during the second quarter. Geode Capital Management LLC now owns 887,370 shares of the technology company’s stock valued at $34,461,000 after purchasing an additional 12,444 shares during the last quarter. Finally, SG Americas Securities LLC boosted its stake in shares of Benchmark Electronics by 615.8% during the 2nd quarter. SG Americas Securities LLC now owns 29,642 shares of the technology company’s stock worth $1,151,000 after acquiring an additional 25,501 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.