Benchmark Electronics (NYSE:BHE) Stock Price Target Cut by Needham & Company LLC

Benchmark Electronics (NYSE:BHE) had its price target lowered by stock analysts at Needham & Company LLC from $90.00 to $85.00 in a report issued on Friday, Benzinga reports. The brokerage presently has a “buy” rating on the technology company’s stock. Needham & Company LLC‘s price objective points to a potential upside of 28.06% from the stock’s current price.

Other analysts have also issued research reports about the stock. Zacks Research upgraded shares of Benchmark Electronics to a “hold” rating in a research report on Monday, October 5th. Weiss Ratings upgraded shares of Benchmark Electronics from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Thursday, October 8th. Three equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $88.50.

Benchmark Electronics Price Performance

NYSE:BHE opened at $66.37 on Friday. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.99 and a quick ratio of 1.31. The firm has a market cap of $2.38 billion, a price-to-earnings ratio of 32.24, a price-to-earnings-growth ratio of 1.37 and a beta of 1.25. The company has a 50 day moving average price of $76.45 and a 200-day moving average price of $79.54. Benchmark Electronics has a 1-year low of $41.69 and a 1-year high of $100.41.

Benchmark Electronics (NYSE:BHE) last posted its earnings results 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 net margin of 1.89% and a return on equity of 7.28%. The firm had revenue of $755.98 million during the quarter, compared to analysts’ expectations of $720.00 million. During the same period in the previous year, the business posted $0.03 EPS. The business’s 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. Equities research analysts forecast that Benchmark Electronics will post 2.37 EPS for the current year.

Institutional Trading of Benchmark Electronics

Several institutional investors have recently bought and sold shares of the business. BlackRock Inc. purchased a new stake in shares of Benchmark Electronics in the second quarter valued at approximately $579,768,000. Bank of New York Mellon Corp acquired a new position in shares of Benchmark Electronics during the 2nd quarter worth approximately $31,061,000. Empowered Funds LLC acquired a new position in shares of Benchmark Electronics during the 2nd quarter worth approximately $16,803,000. Bank of America Corp DE purchased a new position in shares of Benchmark Electronics during the 2nd quarter valued at approximately $11,046,000. Finally, Man Group plc purchased a new position in shares of Benchmark Electronics during the 2nd quarter valued at approximately $10,794,000. 92.29% of the stock is owned by institutional investors and hedge funds.

About Benchmark Electronics

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

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

Headquartered in Tempe, Arizona, Benchmark operates manufacturing and engineering facilities across North America, Europe and Asia.