Benchmark Electronics Inc. (BHE) Holding Strong: What’s pushing it?

The price of Benchmark Electronics Inc. (NYSE:BHE) shares last traded on Wall Street fell -2.73% to $22.08.

Based on available information, 4 analysts follow Benchmark Electronics Inc. (NYSE:BHE). The consensus rating among analysts is ‘Buy’. As we calculate the median target price by taking the range between a high of $42.00 and a low of $33.00, we find $34.50. Given the previous closing price of $22.70, this indicates a potential upside of 51.98 percent. BHE stock price is now -14.46% away from the 50-day moving average and -15.53% away from the 200-day moving average. The market capitalization of the company currently stands at $798.85M.

Among analysts, 0 rate the stock a hold while 4 rate it a buy. Brokers who have rated the stock have averaged $36.00 as their price target over the next twelve months.

With the price target of $35, Fox Advisors recently initiated with Overweight rating for Benchmark Electronics Inc. (NYSE: BHE). On July 29, 2021, Sidoti Upgraded its previous ‘Neutral’ rating to ‘Buy’ on the stock increasing its target price from $32 to quote $35, while ‘Needham’ rates the stock as ‘Buy’.

In other news, McCreary Jeffrey Stephen, Director sold 30,000 shares of the company’s stock on Nov 02. The stock was sold for $866,100 at an average price of $28.87. Upon completion of the transaction, the Director now directly owns 47,989 shares in the company, valued at $1.06 million. An SEC document containing details of the transaction can be found on the SEC’s website. On May 04, President and CEO Benck Jeff bought 2,100 shares of the business’s stock. A total of $50,301 was incurred on buying the stock at an average price of $23.95. This leaves the insider owning 271,316 shares of the company worth $5.99 million. Insiders disposed of 86,641 shares of company stock worth roughly $1.91 million over the past 1 year. A total of 0.50% of the company’s stock is owned by insiders.

There have been several recent changes in the stakes of large investors in BHE stock. A new stake in Benchmark Electronics Inc. shares was purchased by LEGATO CAPITAL MANAGEMENT LLC during the first quarter worth $1,478,000. TUDOR INVESTMENT CORP ET AL invested $909,000 in shares of BHE during the first quarter. In the first quarter, ENGINEERS GATE MANAGER LP acquired a new stake in Benchmark Electronics Inc. valued at approximately $817,000. JUMP FINANCIAL, LLC acquired a new stake in BHE for approximately $572,000. AMALGAMATED FINANCIAL CORP. purchased a new stake in BHE valued at around $346,000 in the second quarter. In total, there are 273 active investors with 99.00% ownership of the company’s stock.

A candlestick chart of Benchmark Electronics Inc. (NYSE: BHE) showed a price of $22.59 on Friday morning. During the past 12 months, Benchmark Electronics Inc. has had a low of $21.11 and a high of $30.00. As of last week, the company has a debt-to-equity ratio of 0.32, a current ratio of 2.20, and a quick ratio of 1.20. The fifty day moving average price for BHE is $25.72 and a two-hundred day moving average price translates $26.12 for the stock.

The latest earnings results from Benchmark Electronics Inc. (NYSE: BHE) was released for Dec, 2022. According to the Electronic Components Company, earnings per share came in at $0.6, beating analysts’ expectations of $0.59 by 0.01. This compares to $0.34 EPS in the same period last year. The net profit margin was 2.40% and return on equity was 6.80% for BHE. The company reported revenue of $750.64 million for the quarter, compared to $633.05 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 18.58 percent. For the current quarter, analysts expect BHE to generate $660M in revenue.

Moreover, the firm recently paid out its quarterly dividend on 04/13/2023. Investors who held shares on 03/31/2023 were paid a $0.165 dividend. On an annualized basis, this represents a $0.66 dividend and a 2.99% percent yield. There was an ex-dividend date of 03/30/2023 for this dividend. In terms of dividend payout ratio, BHE is presently at 34.00%.

Benchmark Electronics Inc.(BHE) Company Profile

Benchmark Electronics, Inc., together with its subsidiaries, provides product design, engineering services, technology solutions, and manufacturing services in the Americas, Asia, and Europe. The company offers 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. It also provides electronics manufacturing and testing services, such as printed circuit board assembly and test solutions, assembly of subsystems, circuitry and functionality testing of printed assemblies, environmental and stress testing, and component reliability testing; component engineering services; manufacturing defect analysis, in-circuit testing, functional testing, and life cycle testing services, as well as environmental stress tests of assemblies of boards or systems; and failure analysis. In addition, the company offers precision machining and electromechanical assembly services; and subsystem and system integration services, including assembly, configuration, and testing for various industries. Further, it provides value-added support systems; supply chain management solutions; direct order fulfillment; and aftermarket non-warranty services, including repair, replacement, refurbishment, remanufacturing, exchange, systems upgrade, and spare parts manufacturing throughout a product’s life cycle. The company serves original equipment manufacturers in the aerospace and defense, medical technologies, complex industrials, semiconductor capital equipment, telecommunications, and advanced computing industries. It markets its services and solutions primarily through a direct sales force. The company was formerly known as Electronics, Inc. Benchmark Electronics, Inc. was founded in 1979 and is headquartered in Tempe, Arizona.