Benchmark Electronics (NYSE:BHE) SVP Rhonda Turner Sells 6,600 Shares

Key Points

• Benchmark Electronics SVP Rhonda Turner sold 6,600 shares on May 6 at an average price of $85.14, totaling about $561,924. After the sale, she still owned 36,067 shares.
• The stock has been performing strongly, recently trading at $85.91, near its 52-week high of $87.73 and well above its 50-day and 200-day moving averages.
• Benchmark Electronics beat quarterly earnings expectations, reporting $0.58 EPS on revenue of $677.28 million, and analysts currently rate the stock a Moderate Buy with a consensus target price of $86.00.

Benchmark Electronics, Inc. (NYSE:BHE - Get Free Report) SVP Rhonda Turner sold 6,600 shares of the firm's stock in a transaction that occurred on Wednesday, May 6th. The shares were sold at an average price of $85.14, for a total value of $561,924.00. Following the completion of the sale, the senior vice president directly owned 36,067 shares of the company's stock, valued at $3,070,744.38. This represents a 15.47% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Benchmark Electronics Price Performance

Shares of BHE traded up $2.13 during mid-day trading on Friday, hitting $85.91. The company's stock had a trading volume of 106,440 shares, compared to its average volume of 357,346. The company has a current ratio of 2.18, a quick ratio of 1.42 and a debt-to-equity ratio of 0.18. The firm has a 50-day simple moving average of $61.35 and a 200 day simple moving average of $52.57. The firm has a market capitalization of $3.08 billion, a P/E ratio of 90.45 and a beta of 1.28. Benchmark Electronics, Inc. has a 1-year low of $34.44 and a 1-year high of $87.73.

Benchmark Electronics (NYSE:BHE - Get Free Report) last posted its quarterly earnings results on Wednesday, April 29th. The technology company reported $0.58 EPS for the quarter, beating the consensus estimate of $0.56 by $0.02. Benchmark Electronics had a return on equity of 6.63% and a net margin of 1.27%.The business had revenue of $677.28 million during the quarter, compared to analysts' expectations of $676.25 million. During the same period last year, the firm earned $0.52 EPS. The company's quarterly revenue was up 7.1% compared to the same quarter last year. Benchmark Electronics has set its Q2 2026 guidance at 0.650-0.710 EPS.

Benchmark Electronics Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, April 10th. Investors of record on Tuesday, March 31st were paid a $0.17 dividend. This represents a $0.68 annualized dividend and a yield of 0.8%. The ex-dividend date of this dividend was Tuesday, March 31st. Benchmark Electronics's dividend payout ratio (DPR) is presently 71.58%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Rockefeller Capital Management L.P. boosted its holdings in Benchmark Electronics by 69.6% in the fourth quarter. Rockefeller Capital Management L.P. now owns 609 shares of the technology company's stock valued at $26,000 after acquiring an additional 250 shares during the last quarter. Aster Capital Management DIFC Ltd acquired a new position in Benchmark Electronics in the third quarter valued at $40,000. Kestra Advisory Services LLC acquired a new position in Benchmark Electronics in the fourth quarter valued at $42,000. Clearstead Advisors LLC boosted its holdings in Benchmark Electronics by 246.8% in the fourth quarter. Clearstead Advisors LLC now owns 1,363 shares of the technology company's stock valued at $58,000 after acquiring an additional 970 shares during the last quarter. Finally, Parkside Financial Bank & Trust boosted its holdings in Benchmark Electronics by 28.6% in the fourth quarter. Parkside Financial Bank & Trust now owns 1,446 shares of the technology company's stock valued at $62,000 after acquiring an additional 322 shares during the last quarter. Institutional investors and hedge funds own 92.29% of the company's stock.

Wall Street Analysts Forecast Growth

BHE has been the subject of several research analyst reports. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Benchmark Electronics in a research note on Monday, April 20th. Wall Street Zen raised Benchmark Electronics from a "buy" rating to a "strong-buy" rating in a research report on Saturday, February 28th. Needham & Company LLC raised their price target on Benchmark Electronics from $62.00 to $80.00 and gave the stock a "buy" rating in a research report on Thursday, April 30th. Finally, Lake Street Capital reissued a "buy" rating and set a $92.00 price target on shares of Benchmark Electronics in a research report on Thursday, April 30th. Two analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $86.00.

About Benchmark Electronics

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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