Benchmark Electronics (NYSE:BHE) Upgraded at Wall Street Zen

by · The Cerbat Gem

Wall Street Zen upgraded shares of Benchmark Electronics (NYSE:BHE – Free Report) from a hold rating to a buy rating in a research note published on Saturday.

Several other brokerages have also issued reports on BHE. Weiss Ratings reissued a “hold (c)” rating on shares of Benchmark Electronics in a report on Wednesday, October 8th. Lake Street Capital reaffirmed a “buy” rating and set a $51.00 price target on shares of Benchmark Electronics in a research report on Wednesday, November 5th. Finally, Needham & Company LLC decreased their price objective on Benchmark Electronics from $48.00 to $47.00 and set a “buy” rating for the company in a research report on Friday, August 1st. Two investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $49.00.

View Our Latest Research Report on BHE

Benchmark Electronics Price Performance

Benchmark Electronics stock opened at $45.01 on Friday. The company has a current ratio of 2.36, a quick ratio of 1.46 and a debt-to-equity ratio of 0.18. The firm has a market capitalization of $1.62 billion, a P/E ratio of 42.87 and a beta of 1.09. The business has a 50-day moving average of $40.58 and a 200-day moving average of $39.07. Benchmark Electronics has a 1 year low of $30.73 and a 1 year high of $52.57.

Benchmark Electronics (NYSE:BHE – Get Free Report) last released its quarterly earnings data on Tuesday, November 4th. The technology company reported $0.62 earnings per share for the quarter, topping the consensus estimate of $0.57 by $0.05. Benchmark Electronics had a net margin of 1.48% and a return on equity of 6.08%. The business had revenue of $680.68 million for the quarter, compared to analyst estimates of $661.67 million. During the same quarter last year, the firm earned $0.57 EPS. Benchmark Electronics’s quarterly revenue was up 3.5% compared to the same quarter last year. Benchmark Electronics has set its Q4 2025 guidance at 0.620-0.680 EPS.

Benchmark Electronics Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, October 13th. Investors of record on Tuesday, September 30th were paid a dividend of $0.17 per share. The ex-dividend date was Tuesday, September 30th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.5%. Benchmark Electronics’s payout ratio is presently 66.67%.

Insiders Place Their Bets

In other Benchmark Electronics news, SVP Jan M. Janick sold 10,004 shares of the firm’s stock in a transaction on Monday, September 8th. The stock was sold at an average price of $40.50, for a total value of $405,162.00. Following the sale, the senior vice president directly owned 62,368 shares in the company, valued at $2,525,904. This trade represents a 13.82% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 2.20% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Benchmark Electronics

Hedge funds have recently added to or reduced their stakes in the stock. New Age Alpha Advisors LLC purchased a new stake in shares of Benchmark Electronics during the 1st quarter worth approximately $56,000. Versant Capital Management Inc raised its stake in Benchmark Electronics by 21.2% during the 3rd quarter. Versant Capital Management Inc now owns 2,323 shares of the technology company’s stock worth $90,000 after acquiring an additional 407 shares in the last quarter. Tower Research Capital LLC TRC lifted its position in Benchmark Electronics by 215.1% in the second quarter. Tower Research Capital LLC TRC now owns 3,000 shares of the technology company’s stock valued at $116,000 after acquiring an additional 2,048 shares during the last quarter. PNC Financial Services Group Inc. grew its holdings in shares of Benchmark Electronics by 12.9% during the third quarter. PNC Financial Services Group Inc. now owns 3,124 shares of the technology company’s stock worth $120,000 after purchasing an additional 358 shares during the last quarter. Finally, State of Wyoming acquired a new stake in shares of Benchmark Electronics during the second quarter worth about $137,000. 92.29% of the stock is currently owned by hedge funds and other institutional investors.

About Benchmark Electronics

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Benchmark Electronics, Inc, together with its subsidiaries, offers product design, engineering services, technology solutions, and manufacturing services in the Americas, Asia, and Europe. The company provides engineering services and technology solutions, including new product design, prototype, testing, and related engineering services; and custom testing and technology solutions, as well as automation equipment design and build services.

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