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

Benchmark Electronics, Inc. (NYSE:BHE) hit a new 52-week high during mid-day trading on Thursday . The company traded as high as $59.50 and last traded at $55.8760, with a volume of 649390 shares trading hands. The stock had previously closed at $56.02.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the company. Needham & Company LLC lifted their target price on Benchmark Electronics from $55.00 to $62.00 and gave the company a “buy” rating in a research report on Wednesday. Lake Street Capital set a $62.00 price target on Benchmark Electronics in a research note on Wednesday. Wall Street Zen upgraded Benchmark Electronics from a “hold” rating to a “buy” rating in a report on Saturday, November 8th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Benchmark Electronics in a research note on Wednesday, January 21st. 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, the company presently has an average rating of “Moderate Buy” and a consensus target price of $62.00.

Benchmark Electronics Price Performance

The company has a market cap of $2.08 billion, a PE ratio of 84.62 and a beta of 1.03. The company has a quick ratio of 1.50, a current ratio of 2.28 and a debt-to-equity ratio of 0.19. The firm has a 50 day simple moving average of $47.73 and a 200-day simple moving average of $43.15.

Benchmark Electronics (NYSE:BHE) last released its quarterly earnings results on Tuesday, February 3rd. The technology company reported $0.71 EPS for the quarter, beating the consensus estimate of $0.64 by $0.07. Benchmark Electronics had a net margin of 0.93% and a return on equity of 6.48%. The business had revenue of $704.00 million during the quarter, compared to analyst estimates of $696.67 million. During the same period in the prior year, the firm posted $0.61 earnings per share. The company’s quarterly revenue was up 7.2% on a year-over-year basis. Benchmark Electronics has set its Q1 2026 guidance at 0.530-0.590 EPS.

Benchmark Electronics Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, January 13th. Stockholders of record on Wednesday, December 31st were given a dividend of $0.17 per share. The ex-dividend date of this dividend was Wednesday, December 31st. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.2%. Benchmark Electronics’s dividend payout ratio is presently 98.55%.

Insiders Place Their Bets

In other news, CEO Jeff Benck sold 14,900 shares of the firm’s stock in a transaction on Wednesday, January 21st. The stock was 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 of the company’s stock, valued at $21,260,563.20. This trade represents a 3.40% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Stephen J. Beaver sold 1,250 shares of the business’s stock in a transaction 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 transaction, the senior vice president owned 85,745 shares in the company, valued at approximately $4,115,760. This trade represents a 1.44% 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 have sold 63,967 shares of company stock worth $3,029,458. 2.20% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Benchmark Electronics

Institutional investors have recently modified their holdings of the stock. Franklin Resources Inc. increased its holdings in Benchmark Electronics by 14.4% in the third 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. First Trust Advisors LP boosted its stake in shares of Benchmark Electronics by 39.0% during the 2nd quarter. First Trust Advisors LP now owns 1,790,647 shares of the technology company’s stock worth $69,531,000 after acquiring an additional 502,717 shares in the last quarter. American Century Companies Inc. grew its position in shares of Benchmark Electronics by 2.3% during the 3rd quarter. American Century Companies Inc. now owns 1,328,183 shares of the technology company’s stock valued at $51,201,000 after acquiring an additional 29,923 shares during the period. Wasatch Advisors LP increased its stake in shares of Benchmark Electronics by 0.6% in the 2nd 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 in the last quarter. Finally, Geode Capital Management LLC increased its stake in shares of Benchmark Electronics by 1.4% in the 2nd 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 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.