Plexus (NASDAQ:PLXS) Shares Up 7.1% – Time to Buy?

Plexus Corp. (NASDAQ:PLXS)’s stock price rose 7.1% during trading on Tuesday . The company traded as high as $172.12 and last traded at $171.6850. Approximately 181,878 shares changed hands during mid-day trading, an increase of 18% from the average daily volume of 153,645 shares. The stock had previously closed at $160.37.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on PLXS. Wall Street Zen cut Plexus from a “buy” rating to a “hold” rating in a report on Saturday, November 22nd. Benchmark reissued a “buy” rating and issued a $165.00 price target on shares of Plexus in a research note on Friday, October 24th. Stifel Nicolaus set a $150.00 price objective on Plexus in a research note on Friday, October 24th. Williams Trading set a $165.00 price objective on Plexus in a report on Monday, September 22nd. Finally, Needham & Company LLC increased their target price on Plexus from $158.00 to $165.00 and gave the company a “buy” rating in a report on Thursday, October 23rd. Two equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $159.00.

Plexus Trading Up 7.5%

The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.77 and a current ratio of 1.58. The stock has a market capitalization of $4.61 billion, a P/E ratio of 27.53 and a beta of 0.81. The stock has a 50-day moving average price of $148.83 and a two-hundred day moving average price of $141.65.

Plexus (NASDAQ:PLXS) last announced its quarterly earnings results on Wednesday, October 22nd. The technology company reported $2.14 EPS for the quarter, topping analysts’ consensus estimates of $1.84 by $0.30. The company had revenue of $1.06 billion during the quarter, compared to analyst estimates of $1.05 billion. Plexus had a return on equity of 12.77% and a net margin of 4.29%.The firm’s revenue was up .7% on a year-over-year basis. During the same quarter last year, the firm posted $1.85 earnings per share. Plexus has set its Q1 2026 guidance at 1.660-1.810 EPS. On average, research analysts forecast that Plexus Corp. will post 5.9 EPS for the current fiscal year.

Insider Activity

In related news, COO Oliver K. Mihm sold 2,327 shares of Plexus stock in a transaction dated Tuesday, November 25th. The stock was sold at an average price of $143.18, for a total value of $333,179.86. Following the completion of the sale, the chief operating officer directly owned 18,442 shares in the company, valued at approximately $2,640,525.56. This trade represents a 11.20% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Todd P. Kelsey sold 2,000 shares of the company’s stock in a transaction dated Tuesday, November 4th. The shares were sold at an average price of $143.50, for a total transaction of $287,000.00. Following the transaction, the chief executive officer owned 60,714 shares in the company, valued at $8,712,459. This represents a 3.19% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 11,672 shares of company stock valued at $1,668,190. Company insiders own 1.78% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in PLXS. Vanguard Group Inc. grew its holdings in Plexus by 0.6% during the 3rd quarter. Vanguard Group Inc. now owns 3,683,845 shares of the technology company’s stock valued at $533,016,000 after buying an additional 22,374 shares in the last quarter. American Century Companies Inc. increased its stake in Plexus by 44.2% during the third quarter. American Century Companies Inc. now owns 1,103,892 shares of the technology company’s stock worth $159,722,000 after acquiring an additional 338,119 shares during the last quarter. State Street Corp increased its position in shares of Plexus by 2.3% during the 2nd quarter. State Street Corp now owns 1,059,501 shares of the technology company’s stock valued at $143,361,000 after purchasing an additional 24,115 shares during the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. raised its stake in shares of Plexus by 4.0% in the third quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 915,296 shares of the technology company’s stock valued at $132,434,000 after acquiring an additional 35,237 shares during the period. Finally, Northern Trust Corp raised its position in Plexus by 1.5% in the 3rd quarter. Northern Trust Corp now owns 340,964 shares of the technology company’s stock worth $49,334,000 after purchasing an additional 4,929 shares during the period. 94.45% of the stock is currently owned by institutional investors.

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.