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

Shares of Plexus Corp. (NASDAQ:PLXS) have earned a consensus recommendation of “Moderate Buy” from the five brokerages that are covering the firm, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is $189.20.

A number of brokerages recently commented on PLXS. Weiss Ratings upgraded Plexus from a “hold (c+)” rating to a “buy (b-)” rating in a report on Thursday. Stifel Nicolaus lifted their price objective on shares of Plexus from $150.00 to $200.00 and gave the company a “hold” rating in a report on Friday, January 30th. Benchmark upped their target price on shares of Plexus from $165.00 to $195.00 and gave the stock a “buy” rating in a research note on Wednesday, January 28th. Needham & Company LLC boosted their price target on shares of Plexus from $165.00 to $206.00 and gave the stock a “buy” rating in a research note on Friday, January 30th. Finally, Williams Trading set a $195.00 target price on Plexus in a research note on Wednesday, January 28th.

Insider Buying and Selling

In other news, CAO Angelo Michael Ninivaggi, Jr. sold 4,303 shares of the stock in a transaction dated Thursday, February 5th. The stock was sold at an average price of $203.06, for a total value of $873,767.18. Following the transaction, the chief accounting officer owned 20,099 shares in the company, valued at approximately $4,081,302.94. This represents a 17.63% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Michael J. Running sold 926 shares of the company’s stock in a transaction that occurred on Monday, February 2nd. The shares were sold at an average price of $204.92, for a total value of $189,755.92. Following the completion of the transaction, the insider directly owned 1,295 shares of the company’s stock, valued at $265,371.40. This trade represents a 41.69% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 30,951 shares of company stock worth $6,077,670. Corporate insiders own 1.78% of the company’s stock.

Institutional Investors Weigh In On Plexus

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Salomon & Ludwin LLC acquired a new position in Plexus in the third quarter valued at $30,000. Covestor Ltd increased its position in Plexus by 207.7% during the fourth quarter. Covestor Ltd now owns 240 shares of the technology company’s stock worth $35,000 after buying 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. Huntington National Bank boosted its holdings in shares of Plexus by 41.5% in the second quarter. Huntington National Bank now owns 324 shares of the technology company’s stock valued at $44,000 after acquiring an additional 95 shares during the period. Finally, Johnson Financial Group Inc. acquired a new position in shares of Plexus in the 3rd quarter valued at $72,000. 94.45% of the stock is currently owned by institutional investors and hedge funds.

Plexus Stock Performance

Shares of Plexus stock opened at $208.36 on Tuesday. The firm has a market cap of $5.58 billion, a PE ratio of 32.40 and a beta of 0.81. The company has a quick ratio of 0.75, a current ratio of 1.59 and a debt-to-equity ratio of 0.06. Plexus has a 52 week low of $103.43 and a 52 week high of $211.84. The business’s fifty day simple moving average is $167.30 and its 200-day simple moving average is $149.00.

Plexus (NASDAQ:PLXS) last announced its earnings results on Wednesday, January 28th. The technology company reported $1.78 earnings per share for the quarter, topping the consensus estimate of $1.77 by $0.01. The company had revenue of $1.07 billion during the quarter, compared to analyst estimates of $1.07 billion. Plexus had a net margin of 4.28% and a return on equity of 12.39%. Plexus’s revenue was up 9.6% compared to the same quarter last year. During the same quarter last year, the firm posted $1.73 earnings per share. Plexus has set its Q2 2026 guidance at 1.800-1.950 EPS. Equities analysts forecast that Plexus will post 5.9 earnings per share for the current year.

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.