Brokerages Set Plexus Corp. (NASDAQ:PLXS) Target Price at $159.00

Plexus Corp. (NASDAQ:PLXS) has been assigned a consensus rating of “Hold” from the five analysts that are currently covering the stock, Marketbeat Ratings reports. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is $159.00.

PLXS has been the topic of a number of research reports. Williams Trading set a $165.00 price target on Plexus in a report on Monday, September 22nd. Sidoti downgraded Plexus from a “buy” rating to a “neutral” rating and set a $150.00 target price on the stock. in a research note on Friday, October 24th. Wall Street Zen cut Plexus from a “buy” rating to a “hold” rating in a research note on Saturday, November 22nd. Stifel Nicolaus set a $150.00 price objective on shares of Plexus in a research report on Friday, October 24th. Finally, Needham & Company LLC boosted their price objective on shares of Plexus from $158.00 to $165.00 and gave the company a “buy” rating in a research note on Thursday, October 23rd.

Plexus Price Performance

Shares of NASDAQ PLXS opened at $154.03 on Monday. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.58 and a quick ratio of 0.77. The company has a market cap of $4.12 billion, a price-to-earnings ratio of 24.60 and a beta of 0.81. The stock’s 50-day moving average is $146.77 and its two-hundred day moving average is $139.73. Plexus has a 1-year low of $103.43 and a 1-year high of $172.89.

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

Insider Transactions at Plexus

In other news, CFO Patrick John Jermain sold 2,000 shares of the firm’s stock in a transaction on Tuesday, November 11th. The stock was sold at an average price of $143.53, for a total value of $287,060.00. Following the completion of the transaction, the chief financial officer owned 16,961 shares in the company, valued at $2,434,412.33. This trade represents a 10.55% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CAO Angelo Michael Ninivaggi, Jr. sold 1,347 shares of Plexus stock in a transaction dated Wednesday, November 26th. The stock was sold at an average price of $144.93, for a total transaction of $195,220.71. Following the transaction, the chief accounting officer owned 21,544 shares of the company’s stock, valued at approximately $3,122,371.92. The trade was a 5.88% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders sold 13,172 shares of company stock valued at $1,883,740. 1.76% of the stock is owned by company insiders.

Hedge Funds Weigh In On Plexus

Institutional investors and hedge funds have recently bought and sold shares of the stock. Salomon & Ludwin LLC purchased a new stake in Plexus during the 3rd quarter worth $30,000. Allworth Financial LP grew its stake in shares of 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 in the last quarter. Huntington National Bank raised its holdings in shares of Plexus by 41.5% during the 2nd quarter. Huntington National Bank now owns 324 shares of the technology company’s stock valued at $44,000 after buying an additional 95 shares during the period. Johnson Financial Group Inc. acquired a new position in Plexus during the 3rd quarter worth approximately $72,000. Finally, CWM LLC boosted its holdings in Plexus by 65.7% in the 2nd quarter. CWM LLC now owns 537 shares of the technology company’s stock worth $73,000 after acquiring an additional 213 shares during the period. Institutional investors and hedge funds own 94.45% of the company’s stock.

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.