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

Benchmark Electronics, Inc. (NYSE:BHE) reached a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $100.41 and last traded at $99.1580, with a volume of 689363 shares. The stock had previously closed at $95.16.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on BHE shares. Lake Street Capital reiterated a “buy” rating and issued a $92.00 target price on shares of Benchmark Electronics in a report on Thursday, April 30th. Weiss Ratings restated a “hold (c)” rating on shares of Benchmark Electronics in a report on Monday, April 20th. Finally, Needham & Company LLC raised their price target on Benchmark Electronics from $62.00 to $80.00 and gave the company a “buy” rating 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. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $86.00.

Benchmark Electronics Price Performance

The company has a market cap of $3.56 billion, a P/E ratio of 104.38 and a beta of 1.26. The stock has a 50-day simple moving average of $84.45 and a 200 day simple moving average of $64.23. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.42 and a current ratio of 2.18.

Benchmark Electronics (NYSE:BHE) last released its quarterly earnings data 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. The business had revenue of $677.28 million for the quarter, compared to analysts’ expectations of $676.25 million. Benchmark Electronics had a return on equity of 6.63% and a net margin of 1.27%.Benchmark Electronics’s quarterly revenue was up 7.1% on a year-over-year basis. During the same period in the previous year, the business 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 business also recently disclosed a quarterly dividend, which will be paid on Friday, July 10th. Shareholders of record on Tuesday, June 30th will be issued a dividend of $0.17 per share. The ex-dividend date of this dividend is Tuesday, June 30th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 0.7%. Benchmark Electronics’s dividend payout ratio (DPR) is presently 71.58%.

Insider Activity

In related news, Director Kenneth T. Lamneck sold 24,263 shares of Benchmark Electronics stock in a transaction dated Tuesday, May 12th. The shares were sold at an average price of $81.49, for a total transaction of $1,977,191.87. Following the completion of the transaction, the director directly owned 47,418 shares of the company’s stock, valued at $3,864,092.82. This trade represents a 33.85% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, SVP Stephen J. Beaver sold 20,000 shares of Benchmark Electronics stock in a transaction that occurred on Thursday, June 11th. The shares were sold at an average price of $86.25, for a total transaction of $1,725,000.00. Following the completion of the transaction, the senior vice president owned 75,020 shares of the company’s stock, valued at $6,470,475. This trade represents a 21.05% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 86,352 shares of company stock worth $7,312,806 over the last ninety days. Corporate insiders own 1.10% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the stock. Rockefeller Capital Management L.P. lifted its holdings in Benchmark Electronics by 69.6% during the 4th quarter. Rockefeller Capital Management L.P. now owns 609 shares of the technology company’s stock worth $26,000 after buying an additional 250 shares in the last quarter. Kestra Advisory Services LLC acquired a new stake in shares of Benchmark Electronics in the 4th quarter valued at $42,000. Aster Capital Management DIFC Ltd acquired a new stake in shares of Benchmark Electronics in the 3rd quarter valued at $40,000. Clearstead Advisors LLC raised its position in shares of Benchmark Electronics by 246.8% during the fourth quarter. Clearstead Advisors LLC now owns 1,363 shares of the technology company’s stock worth $58,000 after acquiring an additional 970 shares during the last quarter. Finally, Parkside Financial Bank & Trust raised its position in shares of Benchmark Electronics by 28.6% during the fourth quarter. Parkside Financial Bank & Trust now owns 1,446 shares of the technology company’s stock worth $62,000 after acquiring an additional 322 shares during the last quarter. 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.