Two Democratic congressmen have found the same obscure small cap. Rep. Gil Cisneros (D-Calif.) and Rep. Josh Gottheimer (D-N.J.) both bought shares of Benchmark Electronics (NYSE: BHE) in October, according to government trade data.
Here's how the trades broke down:
- Oct. 1: Cisneros bought $15,000 to $50,000 in BHE stock
- Oct. 12: Gottheimer bought $1,000 to $15,000 in BHE stock
Benchmark Electronics trades with a market capitalization of $2.3 billion, making it one of the smallest stocks bought by members of Congress in recent years.
Shares traded at $63.64 on Tuesday, within its 52-week trading range. The stock is down 22% over the last month, but shares are up 48% year-to-date, hitting all-time highs in June before the recent pullback.
The company offers advanced electronics engineering for partners and covers various sectors, including defense, medical technology, commercial aerospace and semiconductor capital equipment.
Benchmark, which recently celebrated 30 years on the New York Stock Exchange, reported third-quarter financials in October. The company reported revenue up 19% year over year and raised its full-year outlook.
Benchmark has beaten analyst estimates for earnings per share for 14 consecutive quarters and revenue estimates for six straight quarters, including eight of the past 10 quarters.
The company has not gotten any government contracts since 2025.
