Plexus (NASDAQ:PLXS) Shares Up 7.1% – What’s Next?

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

Analysts Set New Price Targets

PLXS has been the subject of a number of research analyst reports. Weiss Ratings reissued a “hold (c+)” rating on shares of Plexus in a research note on Wednesday, October 8th. Stifel Nicolaus set a $150.00 target price on Plexus in a research report on Friday, October 24th. Wall Street Zen lowered shares of Plexus from a “buy” rating to a “hold” rating in a research note on Saturday, November 22nd. Benchmark reaffirmed a “buy” rating and issued a $165.00 price target on shares of Plexus in a research note 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 report on Thursday, October 23rd. Two investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $159.00.

Plexus Trading Up 7.5%

The stock’s 50 day moving average is $148.83 and its two-hundred day moving average is $141.65. The company has a market capitalization of $4.61 billion, a PE ratio of 27.53 and a beta of 0.81. The company has a quick ratio of 0.77, a current ratio of 1.58 and a debt-to-equity ratio of 0.06.

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, beating analysts’ consensus estimates of $1.84 by $0.30. The firm had revenue of $1.06 billion for the quarter, compared to the consensus estimate of $1.05 billion. Plexus had a net margin of 4.29% and a return on equity of 12.77%. The company’s quarterly revenue was up .7% on a year-over-year basis. During the same period last year, the firm earned $1.85 earnings per share. Plexus has set its Q1 2026 guidance at 1.660-1.810 EPS. As a group, sell-side analysts predict that Plexus Corp. will post 5.9 EPS for the current fiscal year.

Insider Buying and Selling

In other Plexus news, CAO Angelo Michael Ninivaggi, Jr. sold 1,347 shares of the business’s stock in a transaction dated Wednesday, November 26th. The shares were sold at an average price of $144.93, for a total value of $195,220.71. Following the completion of the transaction, the chief accounting officer directly owned 21,544 shares in the company, valued at approximately $3,122,371.92. The trade was a 5.88% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Karen Marie Rapp sold 500 shares of the firm’s stock in a transaction dated Friday, November 28th. The shares were sold at an average price of $143.47, for a total transaction of $71,735.00. Following the completion of the sale, the director owned 7,665 shares in the company, valued at $1,099,697.55. This represents a 6.12% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 11,672 shares of company stock valued at $1,668,190 over the last three months. Corporate insiders own 1.78% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. grew its holdings in shares of Plexus by 0.6% during the third 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 during the last quarter. American Century Companies Inc. raised its stake in shares of Plexus by 44.2% in the third quarter. American Century Companies Inc. now owns 1,103,892 shares of the technology company’s stock worth $159,722,000 after purchasing an additional 338,119 shares during the last quarter. State Street Corp lifted its holdings in shares of Plexus by 2.3% during the second quarter. State Street Corp now owns 1,059,501 shares of the technology company’s stock worth $143,361,000 after purchasing an additional 24,115 shares during the period. BNP PARIBAS ASSET MANAGEMENT Holding S.A. boosted its position in 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 buying an additional 35,237 shares during the last quarter. Finally, Northern Trust Corp increased its holdings 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 buying an additional 4,929 shares during the period. Hedge funds and other institutional investors own 94.45% of the company’s stock.

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.