Key Points
- Benchmark Electronics director Kenneth Lamneck sold 24,263 shares on May 12 at an average price of $81.49, totaling about $1.98 million. After the sale, he still held 47,418 shares, and his ownership fell by 33.85%.
- The stock was trading lower, opening at $83.50 and down 3.5% on the day, after recently reaching a 12-month high of $87.73. The company’s market cap is about $3.0 billion.
- Benchmark reported better-than-expected quarterly results, with EPS of $0.58 versus estimates of $0.56 and revenue of $677.28 million, up 7.1% year over year. Analysts currently have a consensus rating of Moderate Buy with an average price target of $86.00.
Benchmark Electronics, Inc. (NYSE:BHE - Get Free Report) Director Kenneth Lamneck sold 24,263 shares of Benchmark Electronics stock in a transaction on Tuesday, May 12th. The shares were sold at an average price of $81.49, for a total value of $1,977,191.87. Following the completion of the sale, the director directly owned 47,418 shares of the company's stock, valued at $3,864,092.82. The trade was a 33.85% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this hyperlink.
Benchmark Electronics Trading Down 3.5%
NYSE:BHE opened at $83.50 on Wednesday. The firm has a market cap of $3.00 billion, a PE ratio of 87.90 and a beta of 1.28. The stock has a fifty day moving average price of $62.92 and a 200 day moving average price of $53.48. Benchmark Electronics, Inc. has a 12-month low of $34.44 and a 12-month high of $87.73. The company has a current ratio of 2.18, a quick ratio of 1.42 and a debt-to-equity ratio of 0.18.
Benchmark Electronics (NYSE:BHE - Get Free Report) last announced its quarterly earnings results on Wednesday, April 29th. The technology company reported $0.58 earnings per share (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%.Benchmark Electronics's revenue for the quarter was up 7.1% on a year-over-year basis. During the same period in the previous year, the business earned $0.52 EPS. Benchmark Electronics has set its Q2 2026 guidance at 0.650-0.710 EPS.
Benchmark Electronics Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Friday, April 10th. Stockholders of record on Tuesday, March 31st were issued a $0.17 dividend. This represents a $0.68 annualized dividend and a dividend yield of 0.8%. The ex-dividend date of this dividend was Tuesday, March 31st. Benchmark Electronics's payout ratio is presently 71.58%.
Analysts Set New Price Targets
Several equities analysts recently issued reports on BHE shares. Lake Street Capital restated a "buy" rating and issued a $92.00 price target on shares of Benchmark Electronics in a research report on Thursday, April 30th. Weiss Ratings reiterated a "hold (c)" rating on shares of Benchmark Electronics in a research report on Monday, April 20th. Wall Street Zen upgraded 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 price target on Benchmark Electronics from $62.00 to $80.00 and gave the stock a "buy" rating in a report on Thursday, April 30th. Two investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company's stock. Based on data from MarketBeat, Benchmark Electronics has an average rating of "Moderate Buy" and a consensus price target of $86.00.
View Our Latest Report on Benchmark Electronics
Institutional Inflows and Outflows
A number of large investors have recently made changes to their positions in BHE. Earnest Partners LLC purchased a new position in shares of Benchmark Electronics during the 4th quarter worth $74,940,000. Franklin Resources Inc. increased its holdings in shares of Benchmark Electronics by 14.4% during the 3rd quarter. Franklin Resources Inc. now owns 2,688,298 shares of the technology company's stock worth $103,634,000 after buying an additional 338,081 shares during the last quarter. Kennedy Capital Management LLC increased its holdings in shares of Benchmark Electronics by 141.8% during the 3rd quarter. Kennedy Capital Management LLC now owns 363,651 shares of the technology company's stock worth $14,019,000 after buying an additional 213,276 shares during the last quarter. Focus Partners Wealth acquired a new stake in shares of Benchmark Electronics during the 4th quarter worth $8,312,000. Finally, Millennium Management LLC increased its holdings in shares of Benchmark Electronics by 56.4% during the 3rd quarter. Millennium Management LLC now owns 341,457 shares of the technology company's stock worth $13,163,000 after buying an additional 123,143 shares during the last quarter. Hedge funds and other institutional investors own 92.29% of the company's stock.
Benchmark Electronics Company Profile
(
Get Free Report)
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.
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