Benchmark Electronics (NYSE:BHE) Hits New 52-Week High – Still a Buy?

Benchmark Electronics, Inc. (NYSE:BHE) reached a new 52-week high on Tuesday . The company traded as high as $87.95 and last traded at $87.82, with a volume of 222205 shares trading hands. The stock had previously closed at $85.12.

Analyst Ratings Changes

A number of analysts recently weighed in on BHE shares. Needham & Company LLC upped their target price on shares of Benchmark Electronics from $62.00 to $80.00 and gave the company a “buy” rating in a research note on Thursday, April 30th. Wall Street Zen raised shares of Benchmark Electronics from a “buy” rating to a “strong-buy” rating in a research note on Saturday, February 28th. Weiss Ratings restated a “hold (c)” rating on shares of Benchmark Electronics in a research report on Monday, April 20th. Finally, Lake Street Capital restated a “buy” rating and issued a $92.00 price target on shares of Benchmark Electronics in a research report on Thursday, April 30th. Two research 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 stock has a consensus rating of “Moderate Buy” and a consensus price target of $86.00.

Benchmark Electronics Stock Down 1.7%

The firm has a fifty day moving average price of $70.10 and a 200 day moving average price of $56.94. The company has a current ratio of 2.18, a quick ratio of 1.42 and a debt-to-equity ratio of 0.18. The firm has a market capitalization of $3.03 billion, a price-to-earnings ratio of 89.03 and a beta of 1.28.

Benchmark Electronics (NYSE:BHE) last released its quarterly earnings results on Wednesday, April 29th. The technology company reported $0.58 earnings per share (EPS) for the quarter, beating 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 business had revenue of $677.28 million during the quarter, compared to analysts’ expectations of $676.25 million. During the same period in the previous year, the business posted $0.52 earnings per share. The firm’s revenue for the quarter was up 7.1% compared to the same quarter last year. Benchmark Electronics has set its Q2 2026 guidance at 0.650-0.710 EPS.

Benchmark Electronics Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, April 10th. Stockholders of record on Tuesday, March 31st were paid a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a dividend yield of 0.8%. The ex-dividend date of this dividend was Tuesday, March 31st. Benchmark Electronics’s dividend payout ratio is 71.58%.

Insider Activity at Benchmark Electronics

In other news, CEO David Moezidis sold 12,500 shares of the stock in a transaction that occurred on Tuesday, May 26th. The shares were sold at an average price of $87.57, for a total transaction of $1,094,625.00. Following the sale, the chief executive officer directly owned 85,564 shares of the company’s stock, valued at $7,492,839.48. This represents a 12.75% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director David W. Scheible sold 22,989 shares of the stock in a transaction that occurred on Wednesday, May 13th. The shares were sold at an average price of $85.00, for a total transaction of $1,954,065.00. Following the sale, the director directly owned 62,057 shares in the company, valued at $5,274,845. This trade represents a 27.03% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 66,352 shares of company stock valued at $5,587,806 over the last three months. 1.10% of the stock is owned by company insiders.

Hedge Funds Weigh In On Benchmark Electronics

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Rockefeller Capital Management L.P. lifted its stake in shares of Benchmark Electronics by 69.6% in the 4th quarter. Rockefeller Capital Management L.P. now owns 609 shares of the technology company’s stock valued at $26,000 after purchasing an additional 250 shares during the period. Aster Capital Management DIFC Ltd acquired a new position in shares of Benchmark Electronics in the 3rd quarter valued at $40,000. Kestra Advisory Services LLC acquired a new position in shares of Benchmark Electronics in the 4th quarter valued at $42,000. Clearstead Advisors LLC lifted its stake in shares of 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 lifted its stake in shares of Benchmark Electronics by 28.6% in the 4th quarter. Parkside Financial Bank & Trust now owns 1,446 shares of the technology company’s stock valued at $62,000 after purchasing an additional 322 shares during the period. 92.29% of the stock is owned by institutional investors.

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.