Plexus (NASDAQ:PLXS) Hits New 52-Week High – Here’s Why

Shares of Plexus Corp. (NASDAQ:PLXS) hit a new 52-week high during mid-day trading on Thursday . The company traded as high as $304.90 and last traded at $298.2480, with a volume of 39190 shares traded. The stock had previously closed at $291.16.

Analyst Ratings Changes

Several equities analysts recently commented on PLXS shares. Weiss Ratings cut Plexus from a “buy (b)” rating to a “buy (b-)” rating in a research report on Thursday, June 11th. Raymond James Financial reiterated an “outperform” rating and set a $275.00 price target on shares of Plexus in a research report on Thursday, April 30th. Benchmark reissued a “buy” rating and set a $220.00 price objective on shares of Plexus in a report on Monday, March 16th. Stifel Nicolaus set a $280.00 target price on shares of Plexus in a research note on Tuesday, May 26th. Finally, Wall Street Zen upgraded shares of Plexus from a “hold” rating to a “buy” rating in a research report on Saturday, May 2nd. Five investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $238.33.

Plexus Stock Up 1.1%

The stock has a 50-day simple moving average of $258.73 and a two-hundred day simple moving average of $208.09. The company has a quick ratio of 0.74, a current ratio of 1.54 and a debt-to-equity ratio of 0.06. The firm has a market cap of $7.95 billion, a PE ratio of 43.60 and a beta of 0.89.

Plexus (NASDAQ:PLXS) last posted its quarterly earnings data on Wednesday, April 29th. The technology company reported $2.05 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.87 by $0.18. The firm had revenue of $1.16 billion during the quarter, compared to analysts’ expectations of $1.13 billion. Plexus had a return on equity of 12.84% and a net margin of 4.35%.The company’s revenue for the quarter was up 18.7% compared to the same quarter last year. During the same period in the prior year, the business earned $1.66 EPS. Plexus has set its Q3 2026 guidance at 2.020-2.180 EPS. Analysts expect that Plexus Corp. will post 5.98 earnings per share for the current year.

Insider Buying and Selling at Plexus

In other Plexus news, EVP Angelo Michael Ninivaggi, Jr. sold 3,270 shares of Plexus stock in a transaction that occurred on Friday, May 8th. The shares were sold at an average price of $264.75, for a total transaction of $865,732.50. Following the transaction, the executive vice president directly owned 16,266 shares of the company’s stock, valued at approximately $4,306,423.50. This trade represents a 16.74% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Victor (Pang Hau) Tan sold 3,000 shares of the company’s stock in a transaction on Monday, May 11th. The shares were sold at an average price of $271.23, for a total transaction of $813,690.00. Following the completion of the sale, the insider directly owned 10,457 shares of the company’s stock, valued at $2,836,252.11. This trade represents a 22.29% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 20,481 shares of company stock worth $5,412,848 over the last ninety days. Insiders own 1.78% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of PLXS. AQR Capital Management LLC grew its position in Plexus by 103.1% during the 1st quarter. AQR Capital Management LLC now owns 8,384 shares of the technology company’s stock worth $1,074,000 after acquiring an additional 4,255 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in Plexus by 4.6% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 15,971 shares of the technology company’s stock valued at $2,046,000 after purchasing an additional 705 shares during the last quarter. United Services Automobile Association purchased a new stake in shares of Plexus during the first quarter valued at approximately $218,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in shares of Plexus by 12.9% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 79,584 shares of the technology company’s stock worth $10,197,000 after purchasing an additional 9,078 shares during the last quarter. Finally, Cetera Investment Advisers bought a new position in shares of Plexus in the second quarter worth approximately $309,000. 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.