Benchmark Electronics (NYSE:BHE) Earns Hold (C) Rating from Weiss Ratings

Key Points

• Benchmark Electronics has received a "hold (C)" rating from Weiss Ratings, and its average rating is now "Moderate Buy" with a price target of $46.50.
• The company's stock recently traded down 0.6%, closing at $42.38, and has reported a decline in revenue by 3.6% year-over-year despite beating earnings expectations.
• Insider activity included the sale of 10,004 shares by SVP Jan M. Janick, representing a 13.82% decrease in their ownership of the stock.

Benchmark Electronics (NYSE:BHE - Get Free Report)'s stock had its "hold (c)" rating reaffirmed by Weiss Ratings in a report released on Friday,Weiss Ratings reports.

Other equities research analysts have also recently issued research reports about the stock. Wall Street Zen cut shares of Benchmark Electronics from a "buy" rating to a "hold" rating in a report on Saturday, August 2nd. Needham & Company LLC cut their price objective on shares of Benchmark Electronics from $48.00 to $47.00 and set a "buy" rating on the stock in a report on Friday, August 1st. Two investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company's stock. Based on data from MarketBeat.com, Benchmark Electronics has an average rating of "Moderate Buy" and an average price target of $46.50.

Benchmark Electronics Trading Down 0.6%

Shares of NYSE BHE traded down $0.27 during midday trading on Friday, hitting $42.38. 111,270 shares of the company traded hands, compared to its average volume of 309,184. Benchmark Electronics has a 12-month low of $30.73 and a 12-month high of $52.57. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.46 and a current ratio of 2.36. The stock has a 50-day moving average price of $39.65 and a 200 day moving average price of $38.30. The firm has a market cap of $1.52 billion, a P/E ratio of 40.36 and a beta of 1.06.

Benchmark Electronics (NYSE:BHE - Get Free Report) last announced its quarterly earnings data on Wednesday, July 30th. The technology company reported $0.55 earnings per share for the quarter, topping analysts' consensus estimates of $0.54 by $0.01. The business had revenue of $642.34 million for the quarter, compared to analysts' expectations of $638.67 million. Benchmark Electronics had a net margin of 1.48% and a return on equity of 6.08%. The business's revenue was down 3.6% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.57 earnings per share. Benchmark Electronics has set its Q3 2025 guidance at 0.560-0.620 EPS.

Insider Activity at Benchmark Electronics

In other news, SVP Jan M. Janick sold 10,004 shares of the stock in a transaction that occurred on Monday, September 8th. The shares were sold at an average price of $40.50, for a total transaction of $405,162.00. Following the sale, the senior vice president owned 62,368 shares in the company, valued at $2,525,904. This represents a 13.82% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 2.20% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in BHE. First Trust Advisors LP lifted its position in Benchmark Electronics by 39.0% during the second quarter. First Trust Advisors LP now owns 1,790,647 shares of the technology company's stock valued at $69,531,000 after purchasing an additional 502,717 shares during the period. Tributary Capital Management LLC lifted its position in Benchmark Electronics by 92.5% during the third quarter. Tributary Capital Management LLC now owns 879,486 shares of the technology company's stock valued at $33,904,000 after purchasing an additional 422,608 shares during the period. Nuveen LLC bought a new position in Benchmark Electronics during the first quarter valued at approximately $6,746,000. Kovitz Investment Group Partners LLC lifted its position in Benchmark Electronics by 520.4% during the first quarter. Kovitz Investment Group Partners LLC now owns 197,280 shares of the technology company's stock valued at $7,503,000 after purchasing an additional 165,482 shares during the period. Finally, CSM Advisors LLC bought a new position in Benchmark Electronics during the second quarter valued at approximately $5,460,000. Institutional investors own 92.29% of the company's stock.

Benchmark Electronics Company Profile

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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