Benchmark Electronics (NYSE:BHE) Share Price Passes Above 200 Day Moving Average – Here’s What Happened

Benchmark Electronics, Inc. (NYSE:BHE)’s stock price crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $55.70 and traded as high as $85.31. Benchmark Electronics shares last traded at $84.8630, with a volume of 328,040 shares changing hands.

Analyst Ratings Changes

Several brokerages have commented on BHE. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Benchmark Electronics in a research report on Monday, April 20th. Lake Street Capital reissued a “buy” rating and issued a $92.00 price objective on shares of Benchmark Electronics in a research report on Thursday, April 30th. Wall Street Zen raised shares of Benchmark Electronics from a “buy” rating to a “strong-buy” rating in a research report on Saturday, February 28th. Finally, Needham & Company LLC upped their target price on shares of Benchmark Electronics from $62.00 to $80.00 and gave the company a “buy” rating in a research note on Thursday, April 30th. 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, Benchmark Electronics presently has an average rating of “Moderate Buy” and a consensus price target of $86.00.

Benchmark Electronics Stock Up 2.9%

The firm has a 50 day moving average of $67.52 and a 200-day moving average of $55.70. The company has a debt-to-equity ratio of 0.18, a current ratio of 2.18 and a quick ratio of 1.42. The stock has a market capitalization of $3.04 billion, a P/E ratio of 89.33 and a beta of 1.28.

Benchmark Electronics (NYSE:BHE) last announced its quarterly earnings data on Wednesday, April 29th. The technology company reported $0.58 EPS for the quarter, topping analysts’ consensus estimates of $0.56 by $0.02. The company had revenue of $677.28 million during the quarter, compared to the consensus estimate of $676.25 million. Benchmark Electronics had a return on equity of 6.63% and a net margin of 1.27%.The company’s quarterly revenue was up 7.1% on a year-over-year basis. During the same quarter last year, the company 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. Shareholders of record on Tuesday, March 31st were issued a $0.17 dividend. This represents a $0.68 annualized dividend and a yield of 0.8%. The ex-dividend date of this dividend was Tuesday, March 31st. Benchmark Electronics’s payout ratio is 71.58%.

Insider Activity

In other news, Director David W. Scheible sold 22,989 shares of Benchmark Electronics stock in a transaction dated 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 sale, the director directly owned 62,057 shares in the company, valued at approximately $5,274,845. The trade was a 27.03% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Kenneth T. Lamneck sold 24,263 shares of the company’s 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 sale, the director directly owned 47,418 shares in the company, valued at approximately $3,864,092.82. The trade was a 33.85% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 53,852 shares of company stock worth $4,493,181. 1.10% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Benchmark Electronics

Institutional investors have recently added to or reduced their stakes in the stock. ProShare Advisors LLC raised its holdings in shares of Benchmark Electronics by 3.2% in the 4th quarter. ProShare Advisors LLC now owns 6,952 shares of the technology company’s stock worth $297,000 after buying an additional 214 shares in the last quarter. Pictet Asset Management Holding SA boosted its stake in 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 valued at $286,000 after buying an additional 226 shares in the last quarter. Crossmark Global Holdings Inc. boosted its stake in Benchmark Electronics by 3.3% in the 4th quarter. Crossmark Global Holdings Inc. now owns 7,158 shares of the technology company’s stock valued at $306,000 after buying an additional 228 shares in the last quarter. Rockefeller Capital Management L.P. grew its position in Benchmark Electronics by 69.6% in the fourth quarter. Rockefeller Capital Management L.P. now owns 609 shares of the technology company’s stock valued at $26,000 after acquiring an additional 250 shares during the period. Finally, Parkside Financial Bank & Trust raised its stake in 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 in the last quarter. 92.29% of the stock is owned by institutional investors and hedge funds.

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.