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

Benchmark Electronics, Inc. (NYSE:BHE) shares hit a new 52-week high during mid-day trading on Friday . The company traded as high as $90.10 and last traded at $90.8510, with a volume of 59446 shares changing hands. The stock had previously closed at $88.99.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on BHE shares. Needham & Company LLC upped their target price on Benchmark Electronics from $62.00 to $80.00 and gave the company a “buy” rating in a research report on Thursday, April 30th. Lake Street Capital reiterated a “buy” rating and issued a $92.00 price target on shares of Benchmark Electronics in a report on Thursday, April 30th. Weiss Ratings reiterated a “hold (c)” rating on shares of Benchmark Electronics in a report on Monday, April 20th. Finally, Wall Street Zen upgraded Benchmark Electronics from a “buy” rating to a “strong-buy” rating in a report on Saturday, February 28th. Two research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $86.00.

Benchmark Electronics Stock Up 1.3%

The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.42 and a current ratio of 2.18. The firm has a market capitalization of $3.23 billion, a P/E ratio of 94.79 and a beta of 1.26. The stock has a fifty day moving average price of $76.12 and a two-hundred day moving average price of $59.96.

Benchmark Electronics (NYSE:BHE) last issued its quarterly earnings results on Wednesday, April 29th. The technology company reported $0.58 earnings per share 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 the consensus estimate of $676.25 million. During the same period in the previous year, the business earned $0.52 EPS. The business’s quarterly revenue was up 7.1% on a year-over-year basis. Benchmark Electronics has set its Q2 2026 guidance at 0.650-0.710 EPS.

Benchmark Electronics Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 10th. Investors of record on Tuesday, June 30th will be paid a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date is Tuesday, June 30th. Benchmark Electronics’s dividend payout ratio is presently 71.58%.

Insider Activity

In related news, SVP Rhonda R. Turner sold 6,600 shares of the company’s stock in a transaction on Wednesday, May 6th. The stock was sold at an average price of $85.14, for a total transaction of $561,924.00. Following the completion of the transaction, the senior vice president directly owned 36,067 shares in the company, valued at $3,070,744.38. This represents a 15.47% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Stephen J. Beaver sold 20,000 shares of the company’s stock in a transaction on Thursday, June 11th. The stock was sold at an average price of $86.25, for a total value of $1,725,000.00. Following the transaction, the senior vice president owned 75,020 shares of the company’s stock, valued at approximately $6,470,475. The trade was a 21.05% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 86,352 shares of company stock worth $7,312,806 over the last 90 days. Insiders own 1.10% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the stock. Segall Bryant & Hamill LLC acquired a new position in Benchmark Electronics during the 1st quarter worth $6,078,000. Bank of America Corp DE boosted its position in Benchmark Electronics by 49.5% during the 1st quarter. Bank of America Corp DE now owns 88,731 shares of the technology company’s stock worth $4,974,000 after acquiring an additional 29,381 shares during the period. Amundi acquired a new position in Benchmark Electronics during the 1st quarter worth $678,000. California State Teachers Retirement System boosted its position in Benchmark Electronics by 25.0% during the 1st quarter. California State Teachers Retirement System now owns 41,638 shares of the technology company’s stock worth $2,334,000 after acquiring an additional 8,322 shares during the period. Finally, Empowered Funds LLC boosted its position in Benchmark Electronics by 5.0% during the 1st quarter. Empowered Funds LLC now owns 168,067 shares of the technology company’s stock worth $9,422,000 after acquiring an additional 7,956 shares during the period. 92.29% of the stock is currently 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.