Benchmark Electronics (NYSE:BHE) Director Sells $1,954,065.00 in Stock

Benchmark Electronics, Inc. (NYSE:BHE) Director David Scheible sold 22,989 shares of the stock in a transaction 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 transaction, the director 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Benchmark Electronics Stock Down 2.6%

Shares of BHE traded down $2.29 during midday trading on Friday, hitting $84.74. The company had a trading volume of 151,445 shares, compared to its average volume of 358,890. The company’s 50 day moving average price is $64.09 and its 200 day moving average price is $54.09. The stock has a market cap of $3.04 billion, a price-to-earnings ratio of 89.20 and a beta of 1.28. Benchmark Electronics, Inc. has a 52 week low of $34.44 and a 52 week high of $87.73. The company has a quick ratio of 1.42, a current ratio of 2.18 and a debt-to-equity ratio of 0.18.

Benchmark Electronics (NYSE:BHE) last issued its quarterly earnings results on Wednesday, April 29th. The technology company reported $0.58 EPS for the quarter, topping the consensus estimate of $0.56 by $0.02. The business had revenue of $677.28 million for the quarter, compared to analysts’ expectations of $676.25 million. Benchmark Electronics had a net margin of 1.27% and a return on equity of 6.63%. The company’s quarterly revenue was up 7.1% compared to the same quarter last year. During the same quarter last year, the company posted $0.52 earnings per share. Benchmark Electronics has set its Q2 2026 guidance at 0.650-0.710 EPS.

Benchmark Electronics Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, April 10th. Shareholders of record on Tuesday, March 31st were issued 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 of this dividend was Tuesday, March 31st. Benchmark Electronics’s dividend payout ratio (DPR) is currently 71.58%.

Wall Street Analyst Weigh In

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

Institutional Investors Weigh In On Benchmark Electronics

A number of hedge funds have recently added to or reduced their stakes in the stock. ProShare Advisors LLC boosted its holdings in shares of Benchmark Electronics by 3.2% during the fourth quarter. ProShare Advisors LLC now owns 6,952 shares of the technology company’s stock valued at $297,000 after acquiring an additional 214 shares during the period. Pictet Asset Management Holding SA increased its holdings in shares of Benchmark Electronics by 4.6% in the 1st quarter. Pictet Asset Management Holding SA now owns 5,097 shares of the technology company’s stock worth $286,000 after acquiring an additional 226 shares during the period. Crossmark Global Holdings Inc. increased its holdings in shares of Benchmark Electronics by 3.3% in the 4th quarter. Crossmark Global Holdings Inc. now owns 7,158 shares of the technology company’s stock worth $306,000 after acquiring an additional 228 shares during the period. Rockefeller Capital Management L.P. lifted its position in 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 last quarter. Finally, Parkside Financial Bank & Trust lifted its position in 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 last quarter. 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.