Needham & Company LLC Issues Positive Forecast for Plexus (NASDAQ:PLXS) Stock Price

Plexus (NASDAQ:PLXS) had its price objective raised by Needham & Company LLC from $206.00 to $285.00 in a report issued on Friday morning, Marketbeat.com reports. The firm currently has a buy rating on the technology company’s stock.

PLXS has been the topic of a number of other research reports. Wall Street Zen lowered Plexus from a “buy” rating to a “hold” rating in a report on Sunday, March 8th. Benchmark restated a “buy” rating and issued a $220.00 target price on shares of Plexus in a report on Monday, March 16th. Weiss Ratings lowered Plexus from a “buy (b)” rating to a “buy (b-)” rating in a report on Friday, April 24th. Williams Trading set a $195.00 target price on Plexus in a report on Wednesday, January 28th. Finally, Raymond James Financial restated an “outperform” rating and issued a $275.00 target price on shares of Plexus in a report on Thursday. Five equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Plexus presently has an average rating of “Moderate Buy” and a consensus target price of $229.17.

Plexus Stock Up 5.6%

Shares of PLXS stock traded up $14.02 during trading hours on Friday, reaching $264.60. The company had a trading volume of 399,460 shares, compared to its average volume of 344,315. Plexus has a 12 month low of $115.35 and a 12 month high of $272.08. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.54 and a quick ratio of 0.75. The business has a fifty day simple moving average of $211.79 and a 200-day simple moving average of $178.49. The company has a market cap of $7.09 billion, a price-to-earnings ratio of 38.68 and a beta of 0.75.

Plexus (NASDAQ:PLXS) last posted its earnings results on Wednesday, April 29th. The technology company reported $2.05 earnings per share for the quarter, beating analysts’ consensus estimates of $1.87 by $0.18. Plexus had a return on equity of 12.84% and a net margin of 4.35%.The company had revenue of $1.16 billion for the quarter, compared to analyst estimates of $1.13 billion. During the same quarter last year, the company earned $1.66 earnings per share. The company’s revenue for the quarter was up 18.7% on a year-over-year basis. Plexus has set its Q3 2026 guidance at 2.020-2.180 EPS. On average, research analysts expect that Plexus will post 6.56 earnings per share for the current fiscal year.

Insider Activity at Plexus

In related news, insider Frank Zycinski sold 1,399 shares of the stock in a transaction that occurred on Thursday, February 12th. The stock was sold at an average price of $205.99, for a total transaction of $288,180.01. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Karen Marie Rapp sold 500 shares of the firm’s stock in a transaction on Friday, February 27th. The stock was sold at an average price of $195.59, for a total value of $97,795.00. Following the completion of the sale, the director directly owned 8,535 shares of the company’s stock, valued at $1,669,360.65. This represents a 5.53% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 50,995 shares of company stock valued at $10,345,971 in the last ninety days. Insiders own 1.78% of the company’s stock.

Institutional Trading of Plexus

Large investors have recently bought and sold shares of the company. Salomon & Ludwin LLC purchased a new stake in Plexus in the third quarter worth $30,000. Covestor Ltd increased its position in Plexus by 207.7% in the fourth quarter. Covestor Ltd now owns 240 shares of the technology company’s stock worth $35,000 after buying an additional 162 shares during the last quarter. Allworth Financial LP increased its position in Plexus by 70.1% in the third quarter. Allworth Financial LP now owns 250 shares of the technology company’s stock worth $36,000 after buying an additional 103 shares during the last quarter. Johnson Financial Group Inc. purchased a new stake in Plexus in the third quarter worth $72,000. Finally, Farther Finance Advisors LLC increased its position in Plexus by 114.7% in the fourth quarter. Farther Finance Advisors LLC now owns 511 shares of the technology company’s stock worth $75,000 after buying an additional 273 shares during the last quarter. 94.45% of the stock is owned by hedge funds and other institutional investors.

Trending Headlines about Plexus

Here are the key news stories impacting Plexus this week:

• Positive Sentiment: Q2 results and raised guidance — Plexus reported stronger-than-expected Q2 revenue (about $1.16B, roughly +18.7% Y/Y) and beat headline EPS consensus; management also issued fiscal Q3 guidance above Street estimates (EPS guidance of 2.020–2.180 and revenue guidance above prior consensus), supporting a higher-growth outlook. Earnings Press Release
• Positive Sentiment: Analyst upgrade / price-target lift — Needham raised its price target to $285 and reaffirmed a Buy, lending institutional support and providing a near-term catalyst for momentum and flows. Benzinga
• Positive Sentiment: Momentum and ETF interest — Coverage has highlighted Plexus as a momentum play and noted index/ETF buying buzz after the strong quarter, which can amplify upside through passive flows and quant strategies. Kalkine
• Neutral Sentiment: Analyst consensus / ratings landscape — The street consensus is around a “Moderate Buy” with varied price targets (median near $220); recent upgrades improve sentiment but coverage is limited, so future moves depend on continued execution. American Banking News
• Neutral Sentiment: Investor materials and call transcripts available — Management provided a slide deck and earnings call transcript that detail program wins and demand drivers; investors should review guidance detail and margin commentary for forward visibility. Earnings Presentation
• Negative Sentiment: CFO transition announced — CFO Patrick Jermain plans to retire; while Plexus says succession is disciplined, CFO turnover introduces near-term execution and disclosure risk that some investors view negatively. CFO Transition
• Negative Sentiment: Insider selling and cash-flow notes — Data shows notable insider sales in recent months and some operating cash conversion metrics were weaker y/y; these factors may temper enthusiasm and raise governance/cash-flow questions for value-focused investors. QuiverQuant

Plexus Company Profile

Plexus Corp. (NASDAQ: PLXS) is a global provider of electronics manufacturing services (EMS) and precision engineered electronics solutions. Headquartered in Neenah, Wisconsin, the company partners with original equipment manufacturers across industries such as medical, industrial, aerospace and defense, computing, and communications. Plexus offers a full suite of services that span new product introduction, product lifecycle management, supply chain management, printed circuit board assembly, system integration, and aftermarket support.

Founded in 1979, Plexus has grown from a regional electronics assembler into a multinational organization with manufacturing and engineering centers across North America, Europe, and Asia.