Plexus Corp. (NASDAQ:PLXS) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

Plexus Corp. (NASDAQ:PLXS) has been assigned a consensus rating of “Moderate Buy” from the six brokerages that are currently covering the stock, Marketbeat.com reports. Three equities research analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is $155.60.

A number of research analysts have recently issued reports on the stock. Williams Trading set a $165.00 price objective on shares of Plexus in a research report on Monday, September 22nd. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Plexus in a report on Saturday, September 27th. Stifel Nicolaus set a $140.00 price target on shares of Plexus in a report on Thursday, July 24th. Sidoti upgraded Plexus from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $135.00 to $150.00 in a research note on Friday, July 25th. Finally, Benchmark boosted their target price on Plexus from $160.00 to $165.00 and gave the stock a “buy” rating in a research note on Monday, September 22nd.

Insider Buying and Selling at Plexus

In other Plexus news, CEO Todd P. Kelsey sold 1,500 shares of the business’s stock in a transaction that occurred on Wednesday, October 1st. The shares were sold at an average price of $143.70, for a total transaction of $215,550.00. Following the sale, the chief executive officer owned 69,214 shares of the company’s stock, valued at approximately $9,946,051.80. The trade was a 2.12% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, COO Oliver K. Mihm sold 2,102 shares of the business’s stock in a transaction on Friday, August 15th. The shares were sold at an average price of $130.43, for a total transaction of $274,163.86. Following the sale, the chief operating officer directly owned 21,155 shares in the company, valued at $2,759,246.65. This trade represents a 9.04% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 15,856 shares of company stock valued at $2,142,440. Insiders own 1.76% of the company’s stock.

Institutional Trading of Plexus

Several large investors have recently added to or reduced their stakes in PLXS. Wealth Enhancement Advisory Services LLC boosted its position in Plexus by 22.9% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 1,865 shares of the technology company’s stock valued at $292,000 after buying an additional 347 shares during the last quarter. Wedge Capital Management L L P NC purchased a new stake in Plexus in the first quarter valued at $2,588,000. GAMMA Investing LLC boosted its holdings in Plexus by 49.6% in the first quarter. GAMMA Investing LLC now owns 1,333 shares of the technology company’s stock valued at $171,000 after purchasing an additional 442 shares during the last quarter. SG Americas Securities LLC purchased a new stake in shares of Plexus in the first quarter worth about $917,000. Finally, Handelsbanken Fonder AB boosted its stake in shares of Plexus by 27.4% in the first quarter. Handelsbanken Fonder AB now owns 8,837 shares of the technology company’s stock worth $1,132,000 after buying an additional 1,900 shares during the last quarter. Hedge funds and other institutional investors own 94.45% of the company’s stock.

Plexus Trading Down 3.0%

Shares of NASDAQ:PLXS opened at $144.38 on Wednesday. Plexus has a 12-month low of $103.43 and a 12-month high of $172.89. The business’s fifty day simple moving average is $136.85 and its 200-day simple moving average is $131.95. The company has a market capitalization of $3.90 billion, a PE ratio of 24.60 and a beta of 0.80. The company has a current ratio of 1.58, a quick ratio of 0.74 and a debt-to-equity ratio of 0.06.

Plexus (NASDAQ:PLXS) last announced its quarterly earnings results on Wednesday, July 23rd. The technology company reported $1.90 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.71 by $0.19. Plexus had a return on equity of 12.33% and a net margin of 4.04%.The business had revenue of $1.02 billion for the quarter, compared to the consensus estimate of $1.02 billion. During the same period last year, the business posted $1.45 EPS. The business’s revenue was up 6.0% compared to the same quarter last year. Plexus has set its Q4 2025 guidance at 1.820-1.970 EPS. As a group, equities research analysts predict that Plexus will post 5.9 earnings per share for the current fiscal year.

Plexus Company Profile

Plexus Corp. provides electronic manufacturing services in the United States and internationally. It offers design, develop, supply chain, new product introduction, and manufacturing solutions, as well as sustaining services to companies in the healthcare/life sciences, industrial/commercial, aerospace/defense, and communications market sectors.