Analysts Set Plexus Corp. (NASDAQ:PLXS) Price Target at $273.00

Shares of Plexus Corp. (NASDAQ:PLXS) have received an average rating of “Moderate Buy” from the seven analysts that are covering the firm, MarketBeat Ratings reports. One investment analyst has rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is $273.00.

Several research analysts have issued reports on PLXS shares. Weiss Ratings upgraded Plexus from a “buy (b-)” rating to a “buy (b)” rating in a research note on Monday, July 6th. Wall Street Zen upgraded shares of Plexus from a “hold” rating to a “buy” rating in a research note on Saturday, May 2nd. Stifel Nicolaus upped their target price on shares of Plexus from $280.00 to $330.00 and gave the stock a “buy” rating in a report on Monday, June 22nd. Raymond James Financial reiterated an “outperform” rating and set a $275.00 target price on shares of Plexus in a research report on Thursday, April 30th. Finally, Sidoti upgraded shares of Plexus from a “neutral” rating to a “buy” rating and set a $308.00 target price for the company in a research report on Friday, July 31st.

Insiders Place Their Bets

In other news, CEO Todd P. Kelsey sold 1,500 shares of the business’s stock in a transaction that occurred on Wednesday, June 17th. The stock was sold at an average price of $294.98, for a total value of $442,470.00. Following the transaction, the chief executive officer directly owned 68,888 shares of the company’s stock, valued at $20,320,582.24. The trade was a 2.13% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Michael J. Running sold 510 shares of the stock in a transaction that occurred on Friday, June 5th. The stock was sold at an average price of $272.17, for a total value of $138,806.70. Following the sale, the insider owned 665 shares in the company, valued at approximately $180,993.05. This trade represents a 43.40% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 8,510 shares of company stock valued at $2,338,872. 1.78% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Plexus

Institutional investors have recently bought and sold shares of the business. AQR Capital Management LLC increased its stake in shares of Plexus by 103.1% in the first quarter. AQR Capital Management LLC now owns 8,384 shares of the technology company’s stock valued at $1,074,000 after buying an additional 4,255 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in Plexus by 4.6% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 15,971 shares of the technology company’s stock worth $2,046,000 after buying an additional 705 shares in the last quarter. United Services Automobile Association acquired a new position in Plexus during the 1st quarter worth about $218,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in Plexus by 12.9% during the 1st 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 acquiring an additional 9,078 shares during the last quarter. Finally, Cetera Investment Advisers bought a new stake in Plexus during the 2nd quarter worth about $309,000. Institutional investors own 94.45% of the company’s stock.

Plexus Stock Up 0.7%

NASDAQ PLXS opened at $270.35 on Tuesday. Plexus has a 1-year low of $126.86 and a 1-year high of $307.06. The company has a market capitalization of $7.23 billion, a price-to-earnings ratio of 39.87 and a beta of 0.90. The stock’s 50 day moving average is $273.52 and its two-hundred day moving average is $237.18. The company has a current ratio of 1.49, a quick ratio of 0.72 and a debt-to-equity ratio of 0.06.

Plexus (NASDAQ:PLXS) last issued its earnings results on Wednesday, July 29th. The technology company reported $2.32 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.13 by $0.19. The business had revenue of $1.30 billion during the quarter, compared to analysts’ expectations of $1.23 billion. Plexus had a return on equity of 12.46% and a net margin of 4.03%.Plexus’s quarterly revenue was up 28.2% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.64 EPS. Plexus has set its Q4 2026 guidance at 2.470-2.630 EPS. Equities analysts forecast that Plexus will post 6.73 earnings per share for the current fiscal 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.