Benchmark Electronics (NYSE:BHE) Reaches New 12-Month High – What’s Next?

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

Wall Street Analysts Forecast Growth

BHE has been the topic of several research reports. Weiss Ratings reissued a “hold (c)” rating on shares of Benchmark Electronics in a research report on Wednesday, October 8th. Wall Street Zen upgraded shares of Benchmark Electronics from a “hold” rating to a “buy” rating in a report on Saturday, November 8th. Lake Street Capital restated a “buy” rating and issued a $51.00 price target on shares of Benchmark Electronics in a research note on Wednesday, November 5th. Finally, Needham & Company LLC upped their price objective on Benchmark Electronics from $47.00 to $55.00 and gave the stock a “buy” rating in a research report on Friday. Two investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Benchmark Electronics has an average rating of “Moderate Buy” and an average price target of $53.00.

Benchmark Electronics Stock Performance

The company has a market capitalization of $1.77 billion, a PE ratio of 48.60 and a beta of 1.03. The stock’s 50-day simple moving average is $45.33 and its 200 day simple moving average is $41.95. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.50 and a current ratio of 2.32.

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

Benchmark Electronics Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, January 13th. Stockholders of record on Wednesday, December 31st were issued a $0.17 dividend. The ex-dividend date was Wednesday, December 31st. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.4%. Benchmark Electronics’s dividend payout ratio is presently 66.67%.

Insiders Place Their Bets

In related news, CEO Jeff Benck sold 10,000 shares of the business’s stock in a transaction that occurred on Monday, December 8th. The stock was sold at an average price of $47.55, for a total transaction of $475,500.00. Following the completion of the sale, the chief executive officer owned 438,180 shares in the company, valued at $20,835,459. The trade was a 2.23% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Rhonda R. Turner sold 10,000 shares of the stock in a transaction that occurred on Friday, December 12th. The shares were sold at an average price of $47.83, for a total transaction of $478,300.00. Following the completion of the transaction, the senior vice president owned 34,701 shares in the company, valued at $1,659,748.83. This represents a 22.37% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 48,967 shares of company stock worth $2,275,882 over the last 90 days. Insiders own 2.20% of the company’s stock.

Institutional Investors Weigh In On Benchmark Electronics

Several hedge funds and other institutional investors have recently bought and sold shares of BHE. American Century Companies Inc. boosted its stake in Benchmark Electronics by 3.6% in the second quarter. American Century Companies Inc. now owns 1,298,260 shares of the technology company’s stock valued at $50,411,000 after acquiring an additional 45,602 shares in the last quarter. Voya Investment Management LLC lifted its holdings in shares of Benchmark Electronics by 89.6% in the 1st quarter. Voya Investment Management LLC now owns 34,004 shares of the technology company’s stock valued at $1,293,000 after purchasing an additional 16,069 shares during the last quarter. Assenagon Asset Management S.A. boosted its position in shares of Benchmark Electronics by 20.7% in the 2nd quarter. Assenagon Asset Management S.A. now owns 70,708 shares of the technology company’s stock valued at $2,746,000 after purchasing an additional 12,136 shares during the period. Summit Global Investments grew its stake in Benchmark Electronics by 157.9% during the 2nd quarter. Summit Global Investments now owns 30,123 shares of the technology company’s stock worth $1,170,000 after buying an additional 18,444 shares during the last quarter. Finally, Geode Capital Management LLC grew its stake in Benchmark Electronics by 1.4% during the 2nd quarter. Geode Capital Management LLC now owns 887,370 shares of the technology company’s stock worth $34,461,000 after buying an additional 12,444 shares during the last quarter. 92.29% of the stock is currently owned by institutional investors and hedge funds.

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.