Benchmark Electronics (NYSE:BHE) Trading Down 9.4% – Here’s What Happened
by Danessa Lincoln · The Markets DailyBenchmark Electronics, Inc. (NYSE:BHE – Get Free Report) fell 9.4% during mid-day trading on Tuesday . The stock traded as low as $76.45 and last traded at $76.2190. Approximately 81,430 shares traded hands during mid-day trading, a decline of 80% from the average daily volume of 400,035 shares. The stock had previously closed at $84.17.
Analyst Upgrades and Downgrades
A number of research analysts recently issued reports on BHE shares. Needham & Company LLC boosted their price objective on Benchmark Electronics from $80.00 to $90.00 and gave the company a “buy” rating in a research report on Thursday, July 30th. Lake Street Capital reiterated a “buy” rating and issued a $92.00 target price on shares of Benchmark Electronics in a research note on Thursday, April 30th. Finally, Weiss Ratings raised shares of Benchmark Electronics from a “hold (c)” rating to a “buy (b-)” rating in a report on Friday, July 31st. Three investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average target price of $91.00.
Read Our Latest Analysis on Benchmark Electronics
Benchmark Electronics Trading Down 9.4%
The firm has a 50-day moving average of $85.21 and a 200 day moving average of $72.81. The company has a current ratio of 1.99, a quick ratio of 1.31 and a debt-to-equity ratio of 0.16. The stock has a market capitalization of $2.74 billion, a price-to-earnings ratio of 51.85 and a beta of 1.28.
Benchmark Electronics (NYSE:BHE – Get Free Report) last released its quarterly earnings results on Wednesday, July 29th. The technology company reported $0.75 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.69 by $0.06. The company had revenue of $755.98 million during the quarter, compared to analysts’ expectations of $720.00 million. Benchmark Electronics had a return on equity of 7.28% and a net margin of 1.89%.The company’s revenue for the quarter was up 17.7% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.03 earnings per share. Benchmark Electronics has set its Q3 2026 guidance at 0.760-0.820 EPS.
Benchmark Electronics Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Friday, July 10th. Shareholders of record on Tuesday, June 30th were paid a dividend of $0.17 per share. The ex-dividend date of this dividend was Tuesday, June 30th. This represents a $0.68 annualized dividend and a yield of 0.9%. Benchmark Electronics’s dividend payout ratio (DPR) is presently 46.26%.
Insider Buying and Selling
In other news, SVP Stephen J. Beaver sold 20,000 shares of the stock in a transaction that occurred on Thursday, June 11th. The shares were sold at an average price of $86.25, for a total value of $1,725,000.00. Following the completion of the transaction, the senior vice president directly owned 75,020 shares in the company, valued at $6,470,475. This trade represents a 21.05% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO David Moezidis sold 12,500 shares of the business’s stock in a transaction that occurred on Tuesday, May 26th. The stock was sold at an average price of $87.57, for a total value of $1,094,625.00. Following the sale, the chief executive officer directly owned 85,564 shares in the company, valued at approximately $7,492,839.48. The trade was a 12.75% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 1.10% of the company’s stock.
Institutional Trading of Benchmark Electronics
A number of hedge funds and other institutional investors have recently modified their holdings of the company. BlackRock Inc. acquired a new stake in shares of Benchmark Electronics in the second quarter valued at $579,768,000. Franklin Resources Inc. grew its holdings in Benchmark Electronics by 8.1% during the fourth quarter. Franklin Resources Inc. now owns 2,906,748 shares of the technology company’s stock worth $124,293,000 after acquiring an additional 218,450 shares during the period. Earnest Partners LLC bought a new stake in Benchmark Electronics in the fourth quarter worth about $74,940,000. State Street Corp lifted its holdings in Benchmark Electronics by 0.7% in the 4th 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 last quarter. Finally, Wasatch Advisors LP lifted its holdings in Benchmark Electronics by 0.6% in the 2nd 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 last quarter. Institutional investors own 92.29% of the company’s stock.
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.