BHE Stock Summary and Trading Ideas (Benchmark Electronics | NYSE:BHE)

Benchmark Electronics Inc is engaged in product designing, engineering services, technology solutions, and advanced manufacturing services (electronic manufacturing services (EMS) and precision technology services). It serves various industries, including aerospace & defense (A&D), medical technologies, complex industrials, semiconductor capital equipment, next-generation telecommunications, and high-end computing. Its geographical segments are the Americas, Asia and Europe of which key revenue is derived from the Americas.

Benchmark Electronics trades on the NYSE stock market under the symbol BHE.

As of April 19, 2024, BHE stock price declined to $29.63 with 356,448 million shares trading.

BHE has a beta of 0.78, meaning it tends to be less sensitive to market movements. BHE has a correlation of 0.13 to the broad based SPY ETF.

BHE has a market cap of $1.07 billion. This is considered a Small Cap stock.

Last quarter Benchmark Electronics reported $691 million in Revenue and $.58 earnings per share. This fell short of revenue expectation by $-16 million and exceeded earnings estimates by $.02.

In the last 3 years, BHE stock traded as high as $32.32 and as low as $20.58.

The top ETF exchange traded funds that BHE belongs to (by Net Assets): IJR, VTI, VB, IWM, VGT.

BHE has outperformed the market in the last year with a price return of +35.3% while the SPY ETF gained +21.2%. BHE has also outperformed the stock market ETF in the last 3 month and 2 week periods returning +15.4% and -0.7%, respectively, while the SPY returned +4.3% and -3.5%, respectively.

BHE support price is $29.37 and resistance is $30.35 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that BHE stock will trade within this expected range on the day.