Kenneth Lamneck Sells 24,263 Shares of Benchmark Electronics (NYSE:BHE) Stock

Benchmark Electronics, Inc. (NYSE:BHE) Director Kenneth 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 ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link.

Benchmark Electronics Stock Performance

Benchmark Electronics stock traded down $3.01 during midday trading on Tuesday, reaching $83.50. 491,777 shares of the stock traded hands, compared to its average volume of 481,336. 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 fifty day moving average price of $62.92 and a two-hundred day moving average price of $53.48. The firm has a market cap of $3.00 billion, a price-to-earnings ratio of 87.90 and a beta of 1.28. Benchmark Electronics, Inc. has a fifty-two week low of $34.44 and a fifty-two week high of $87.73.

Benchmark Electronics (NYSE:BHE) last posted its earnings results on Wednesday, April 29th. The technology company reported $0.58 EPS for the quarter, beating the consensus estimate of $0.56 by $0.02. The firm 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%.The firm’s revenue was up 7.1% compared to the same quarter last year. During the same period last year, the firm earned $0.52 EPS. Benchmark Electronics has set its Q2 2026 guidance at 0.650-0.710 EPS.

Benchmark Electronics Announces Dividend

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

Institutional Trading of Benchmark Electronics

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Franklin Resources Inc. raised its holdings in shares of Benchmark Electronics by 8.1% in the 4th quarter. Franklin Resources Inc. now owns 2,906,748 shares of the technology company’s stock worth $124,293,000 after purchasing an additional 218,450 shares in the last quarter. Earnest Partners LLC bought a new stake in shares of Benchmark Electronics in the 4th quarter worth approximately $74,940,000. State Street Corp raised its holdings in shares of Benchmark Electronics by 0.7% during the fourth quarter. State Street Corp now owns 1,389,766 shares of the technology company’s stock valued at $59,661,000 after acquiring an additional 9,724 shares during the period. American Century Companies Inc. raised its holdings in shares of Benchmark Electronics by 2.3% during the third quarter. American Century Companies Inc. now owns 1,328,183 shares of the technology company’s stock valued at $51,201,000 after acquiring an additional 29,923 shares during the period. Finally, Wasatch Advisors LP raised its holdings in shares of Benchmark Electronics by 0.6% during the second quarter. Wasatch Advisors LP now owns 1,229,825 shares of the technology company’s stock valued at $47,754,000 after acquiring an additional 6,868 shares during the period. 92.29% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the company. Needham & Company LLC increased their price target 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 reiterated a “buy” rating and issued a $92.00 target price on shares of Benchmark Electronics in a report on Thursday, April 30th. Wall Street Zen upgraded shares of Benchmark Electronics from a “buy” rating to a “strong-buy” rating in a report on Saturday, February 28th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Benchmark Electronics in a report on Monday, April 20th. Two 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 currently has a consensus rating of “Moderate Buy” and an average price target of $86.00.

Benchmark Electronics Company Profile

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.