Benchmark Electronics (NYSE:BHE) Upgraded to "Hold" at Zacks Research

Key Points

• Zacks Research upgraded Benchmark Electronics to “Hold”, while analyst coverage remains mixed; the stock has a “Moderate Buy” consensus rating and a $91 average price target.
• Benchmark reported quarterly EPS of $0.75, beating estimates of $0.69, while revenue reached $755.98 million—up 17.7% year over year and above expectations.
• Institutional investors own 92.29% of the company, with major firms including BlackRock, State Street, Franklin Resources, Allianz Asset Management, and First Eagle holding or increasing stakes.

Benchmark Electronics (NYSE:BHE - Get Free Report) was upgraded by Zacks Research to a "hold" rating in a research note issued on Monday, Zacks reports.

A number of other brokerages also recently issued reports on BHE. Weiss Ratings downgraded shares of Benchmark Electronics from a "buy (b-)" rating to a "hold (c+)" rating in a research note on Wednesday, September 9th. Needham & Company LLC boosted their price target on shares of Benchmark Electronics from $80.00 to $90.00 and gave the stock a "buy" rating in a report on Thursday, July 30th. Two analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, Benchmark Electronics presently has a consensus rating of "Moderate Buy" and a consensus price target of $91.00.

Benchmark Electronics Price Performance

Shares of NYSE BHE opened at $86.12 on Monday. The stock's 50-day moving average is $77.87 and its two-hundred day moving average is $77.96. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.99 and a quick ratio of 1.31. Benchmark Electronics has a 1-year low of $35.91 and a 1-year high of $100.41. The company has a market cap of $3.09 billion, a price-to-earnings ratio of 58.58, a price-to-earnings-growth ratio of 1.65 and a beta of 1.25.

Benchmark Electronics (NYSE:BHE - Get Free Report) last announced its quarterly earnings data on Wednesday, July 29th. The technology company reported $0.75 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.69 by $0.06. Benchmark Electronics had a return on equity of 7.28% and a net margin of 1.89%.The business had revenue of $755.98 million during the quarter, compared to analysts' expectations of $720.00 million. During the same quarter last year, the business posted $0.03 EPS. The business's quarterly revenue was up 17.7% compared to the same quarter last year. Benchmark Electronics has set its Q3 2026 guidance at 0.760-0.820 EPS. Analysts forecast that Benchmark Electronics will post 2.37 EPS for the current fiscal year.

Institutional Investors Weigh In On Benchmark Electronics

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. BlackRock Inc. acquired a new stake in shares of Benchmark Electronics during the second quarter worth about $579,768,000. State Street Corp boosted its position in shares of Benchmark Electronics by 3.5% in the 2nd quarter. State Street Corp now owns 1,433,075 shares of the technology company's stock valued at $141,644,000 after purchasing an additional 47,835 shares during the period. Franklin Resources Inc. grew its stake in Benchmark Electronics by 8.1% during the 4th quarter. Franklin Resources Inc. now owns 2,906,748 shares of the technology company's stock worth $124,293,000 after buying an additional 218,450 shares during the last quarter. Allianz Asset Management GmbH grew its stake in Benchmark Electronics by 0.7% during the 2nd quarter. Allianz Asset Management GmbH now owns 418,393 shares of the technology company's stock worth $41,283,000 after buying an additional 3,004 shares during the last quarter. Finally, First Eagle Investment Management LLC increased its position in Benchmark Electronics by 18.3% during the second quarter. First Eagle Investment Management LLC now owns 350,964 shares of the technology company's stock worth $34,630,000 after buying an additional 54,395 shares during the period. 92.29% of the stock is owned by hedge funds and other institutional investors.

Benchmark Electronics Company Profile

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

Its services include 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, advanced computing, complex industrial equipment, semiconductor capital equipment, and telecommunications.

Headquartered in Tempe, Arizona, Benchmark operates through a global network of engineering and manufacturing facilities serving customers in North America, Europe, and Asia.

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