Plexus Corp. (NASDAQ:PLXS) Receives Average Rating of “Moderate Buy” from Analysts

Plexus Corp. (NASDAQ:PLXS) has been assigned an average recommendation of “Moderate Buy” from the seven ratings firms that are covering the firm, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and five have issued a buy rating on the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is $246.6667.

Several equities research analysts recently commented on the company. Weiss Ratings upgraded Plexus from a “buy (b-)” rating to a “buy (b)” rating in a report on Monday, July 6th. Raymond James Financial reiterated an “outperform” rating and issued a $275.00 price objective on shares of Plexus in a report on Thursday, April 30th. Zacks Research cut shares of Plexus from a “hold” rating to a “strong sell” rating in a research report on Wednesday, May 20th. Stifel Nicolaus lifted their target price on Plexus from $280.00 to $330.00 and gave the stock a “buy” rating in a research report on Monday, June 22nd. Finally, Needham & Company LLC boosted their price target on Plexus from $285.00 to $310.00 and gave the stock a “buy” rating in a research note on Monday, June 1st.

Plexus Trading Up 0.5%

NASDAQ PLXS opened at $260.36 on Friday. Plexus has a one year low of $115.35 and a one year high of $307.06. The company’s 50 day moving average price is $275.77 and its 200 day moving average price is $225.28. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.74 and a current ratio of 1.54. The firm has a market capitalization of $6.97 billion, a price-to-earnings ratio of 38.06 and a beta of 0.88.

Plexus (NASDAQ:PLXS) last announced its quarterly 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 net margin of 4.35% and a return on equity of 12.84%. The firm had revenue of $1.16 billion for the quarter, compared to analysts’ expectations of $1.13 billion. During the same period in the previous year, the company posted $1.66 earnings per share. Plexus’s revenue was up 18.7% compared to the same quarter last year. Plexus has set its Q3 2026 guidance at 2.020-2.180 EPS. On average, sell-side analysts predict that Plexus will post 5.98 EPS for the current year.

Insiders Place Their Bets

In other news, insider Victor (Pang Hau) Tan sold 3,000 shares of the business’s stock in a transaction dated Monday, May 11th. The shares were sold at an average price of $271.23, for a total value of $813,690.00. Following the completion of the sale, the insider owned 10,457 shares of the company’s stock, valued at approximately $2,836,252.11. The trade was a 22.29% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Angelo Michael Ninivaggi, Jr. sold 3,270 shares of the company’s stock in a transaction dated Friday, May 8th. The shares were sold at an average price of $264.75, for a total transaction of $865,732.50. Following the completion of the sale, the executive vice president owned 16,266 shares in the company, valued at approximately $4,306,423.50. This trade represents a 16.74% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 20,481 shares of company stock valued at $5,519,183 in the last ninety days. Corporate insiders own 1.78% of the company’s stock.

Institutional Trading of Plexus

A number of institutional investors and hedge funds have recently modified their holdings of PLXS. Covestor Ltd boosted its position in Plexus by 207.7% during the 4th quarter. Covestor Ltd now owns 240 shares of the technology company’s stock valued at $35,000 after purchasing an additional 162 shares during the period. Allworth Financial LP lifted its stake in Plexus by 70.1% in the third quarter. Allworth Financial LP now owns 250 shares of the technology company’s stock valued at $36,000 after buying an additional 103 shares during the last quarter. Johnson Financial Group Inc. acquired a new position in shares of Plexus during the third quarter valued at $72,000. Farther Finance Advisors LLC boosted its holdings in shares of Plexus by 114.7% during the fourth quarter. Farther Finance Advisors LLC now owns 511 shares of the technology company’s stock valued at $75,000 after acquiring an additional 273 shares during the period. Finally, EverSource Wealth Advisors LLC grew its position in shares of Plexus by 583.3% during the second quarter. EverSource Wealth Advisors LLC now owns 574 shares of the technology company’s stock worth $78,000 after acquiring an additional 490 shares during the last quarter. 94.45% of the stock is owned by institutional investors and hedge funds.

About Plexus

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.