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

Shares of Plexus Corp. (NASDAQ:PLXS) have been assigned an average recommendation of “Moderate Buy” from the six ratings firms that are covering the company, MarketBeat Ratings reports. Two analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company. The average 12-month price objective among brokers that have issued ratings on the stock in the last year is $189.20.

Several brokerages recently weighed in on PLXS. Needham & Company LLC lifted their price objective on shares of Plexus from $165.00 to $206.00 and gave the company a “buy” rating in a research report on Friday, January 30th. Williams Trading set a $195.00 target price on shares of Plexus in a research report on Wednesday, January 28th. Weiss Ratings upgraded shares of Plexus from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday, March 6th. Wall Street Zen downgraded Plexus from a “buy” rating to a “hold” rating in a research report on Sunday, March 8th. Finally, Stifel Nicolaus increased their price objective on Plexus from $150.00 to $200.00 and gave the stock a “hold” rating in a report on Friday, January 30th.

Insider Activity at Plexus

In other news, CEO Todd P. Kelsey sold 8,120 shares of the stock in a transaction on Tuesday, February 3rd. The stock was sold at an average price of $205.65, for a total value of $1,669,878.00. Following the completion of the transaction, the chief executive officer owned 78,598 shares of the company’s stock, valued at approximately $16,163,678.70. This represents a 9.36% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, COO Oliver K. Mihm sold 9,541 shares of the firm’s stock in a transaction on Wednesday, February 18th. The shares were sold at an average price of $201.40, for a total value of $1,921,557.40. Following the transaction, the chief operating officer directly owned 12,809 shares in the company, valued at $2,579,732.60. This trade represents a 42.69% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 47,995 shares of company stock worth $9,718,476 in the last ninety days. 1.78% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Plexus

Several large investors have recently bought and sold shares of the stock. American Century Companies Inc. boosted its stake in Plexus by 44.2% during the 3rd quarter. American Century Companies Inc. now owns 1,103,892 shares of the technology company’s stock valued at $159,722,000 after purchasing an additional 338,119 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its stake in shares of Plexus by 7.5% in the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 6,955 shares of the technology company’s stock worth $941,000 after buying an additional 484 shares in the last quarter. Massachusetts Financial Services Co. MA raised its stake in shares of Plexus by 23.3% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 240,192 shares of the technology company’s stock worth $34,753,000 after buying an additional 45,425 shares in the last quarter. Nicola Wealth Management LTD. acquired a new stake in shares of Plexus in the third quarter valued at $6,655,000. Finally, Wedge Capital Management L L P NC lifted its holdings in shares of Plexus by 36.6% in the third quarter. Wedge Capital Management L L P NC now owns 27,600 shares of the technology company’s stock valued at $3,993,000 after buying an additional 7,393 shares during the period. Institutional investors and hedge funds own 94.45% of the company’s stock.

Plexus Price Performance

Shares of NASDAQ PLXS opened at $190.74 on Friday. Plexus has a 1-year low of $103.43 and a 1-year high of $211.84. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.59 and a quick ratio of 0.75. The business’s fifty day moving average price is $188.27 and its two-hundred day moving average price is $159.88. The firm has a market capitalization of $5.11 billion, a PE ratio of 29.66 and a beta of 0.81.

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

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.