Benchmark Electronics (NYSE:BHE) Stock Rated Buy in New Coverage at Needham & Company LLC

Needham & Company LLC assumed coverage on shares of Benchmark Electronics (NYSE:BHE) in a research report released on Friday morning, Marketbeat reports. The firm issued a buy rating and a $85.00 target price on the technology company’s stock.

Other research analysts also recently issued research reports about the company. Weiss Ratings upgraded Benchmark Electronics from a “hold (c+)” rating to a “buy (b-)” rating in a report on Thursday, October 8th. Zacks Research upgraded Benchmark Electronics to a “hold” rating in a report on Monday, October 5th. Two equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $88.50.

Benchmark Electronics Stock Down 0.0%

Shares of Benchmark Electronics stock opened at $65.79 on Friday. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.31 and a current ratio of 1.99. Benchmark Electronics has a 52-week low of $41.69 and a 52-week high of $100.41. The stock has a market capitalization of $2.36 billion, a price-to-earnings ratio of 44.75, a P/E/G ratio of 1.25 and a beta of 1.25. The company’s 50 day moving average price is $76.13 and its 200-day moving average price is $79.61.

Benchmark Electronics (NYSE:BHE) last posted its quarterly earnings results on Wednesday, July 29th. The technology company reported $0.75 EPS for the quarter, beating analysts’ consensus estimates of $0.69 by $0.06. The company had revenue of $755.98 million during the quarter, compared to analyst estimates of $720.00 million. Benchmark Electronics had a net margin of 1.89% and a return on equity of 7.28%. The firm’s revenue was up 17.7% compared to the same quarter last year. During the same period in the prior year, the business posted $0.03 EPS. Benchmark Electronics has set its Q3 2026 guidance at 0.760-0.820 EPS. Equities research analysts forecast that Benchmark Electronics will post 2.40 EPS for the current year.

Benchmark Electronics Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, October 13th. Investors of record on Wednesday, September 30th were given a dividend of $0.17 per share. The ex-dividend date was Wednesday, September 30th. This represents a $0.68 annualized dividend and a dividend yield of 1.0%. Benchmark Electronics’s payout ratio is currently 46.26%.

Institutional Trading of Benchmark Electronics

Institutional investors and hedge funds have recently bought and sold shares of the stock. Sterling Capital Management LLC grew its stake in Benchmark Electronics by 107.6% in the third quarter. Sterling Capital Management LLC now owns 930 shares of the technology company’s stock worth $77,000 after purchasing an additional 482 shares during the period. Inspire Investing LLC raised its holdings in Benchmark Electronics by 13.6% in the third quarter. Inspire Investing LLC now owns 7,717 shares of the technology company’s stock worth $640,000 after purchasing an additional 921 shares in the last quarter. Vest Financial LLC lifted its position in Benchmark Electronics by 50.1% during the third quarter. Vest Financial LLC now owns 3,294 shares of the technology company’s stock valued at $273,000 after buying an additional 1,099 shares during the period. Nisa Investment Advisors LLC lifted its position in Benchmark Electronics by 6.1% during the third quarter. Nisa Investment Advisors LLC now owns 29,834 shares of the technology company’s stock valued at $2,479,000 after buying an additional 1,705 shares during the period. Finally, GAMMA Investing LLC lifted its position in Benchmark Electronics by 9.8% during the third quarter. GAMMA Investing LLC now owns 4,243 shares of the technology company’s stock valued at $352,000 after buying an additional 378 shares during the period. 92.29% of the stock is currently owned by hedge funds and other institutional investors.

About Benchmark Electronics

Benchmark Electronics, Inc is a provider of integrated electronics manufacturing and engineering services. The company helps original equipment manufacturers design, develop, test, manufacture and support complex electronic products and systems.

Its services include product design and engineering, prototyping, printed circuit board assembly, systems integration, precision machining, testing, supply chain management, and aftermarket support. Benchmark serves customers in industries such as aerospace and defense, medical technology, industrial equipment, semiconductor capital equipment, and advanced computing.

Headquartered in Tempe, Arizona, Benchmark operates manufacturing and engineering facilities across North America, Europe and Asia.