Plexus (NASDAQ:PLXS) Hits New 12-Month High – Here’s What Happened

Plexus Corp. (NASDAQ:PLXS) reached a new 52-week high during trading on Wednesday . The company traded as high as $221.46 and last traded at $215.8750, with a volume of 110653 shares changing hands. The stock had previously closed at $207.87.

Analyst Ratings Changes

A number of research analysts have recently commented on the company. Stifel Nicolaus increased their target price on Plexus from $150.00 to $200.00 and gave the company a “hold” rating in a research report on Friday, January 30th. Weiss Ratings upgraded Plexus from a “hold (c+)” rating to a “buy (b-)” rating in a research report 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. Zacks Research upgraded Plexus from a “hold” rating to a “strong-buy” rating in a research report on Friday, February 6th. Finally, Needham & Company LLC increased their target price on Plexus from $165.00 to $206.00 and gave the company a “buy” rating in a research report on Friday, January 30th. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, Plexus has an average rating of “Moderate Buy” and an average target price of $194.20.

Plexus Stock Up 4.4%

The company has a fifty day moving average of $199.37 and a two-hundred day moving average of $167.93. The company has a market cap of $5.81 billion, a PE ratio of 33.75 and a beta of 0.75. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.75 and a current ratio of 1.59.

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

Insider Activity at Plexus

In related news, CFO Patrick John Jermain sold 2,321 shares of the stock in a transaction on Thursday, February 12th. The stock was sold at an average price of $201.12, for a total transaction of $466,799.52. Following the sale, the chief financial officer owned 14,561 shares in the company, valued at approximately $2,928,508.32. This represents a 13.75% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, COO Oliver K. Mihm sold 9,541 shares of the stock in a transaction on Wednesday, February 18th. The stock was sold at an average price of $201.40, for a total value of $1,921,557.40. Following the completion of the sale, the chief operating officer owned 12,809 shares in the company, valued at approximately $2,579,732.60. The trade was a 42.69% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 49,495 shares of company stock worth $10,009,836 in the last ninety days. Corporate insiders own 1.78% of the company’s stock.

Institutional Trading of Plexus

Hedge funds and other institutional investors have recently bought and sold shares of the business. American Century Companies Inc. increased its stake in 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 period. Massachusetts Financial Services Co. MA increased its stake in Plexus by 23.3% in the third quarter. Massachusetts Financial Services Co. MA now owns 240,192 shares of the technology company’s stock worth $34,753,000 after purchasing an additional 45,425 shares during the period. JPMorgan Chase & Co. increased its stake in Plexus by 28.3% in the third quarter. JPMorgan Chase & Co. now owns 240,460 shares of the technology company’s stock worth $34,792,000 after purchasing an additional 52,967 shares during the period. Nicola Wealth Management LTD. purchased a new stake in Plexus in the third quarter worth $6,655,000. Finally, Vanguard Group Inc. increased its stake in Plexus by 0.6% in the third quarter. Vanguard Group Inc. now owns 3,683,845 shares of the technology company’s stock worth $533,016,000 after purchasing an additional 22,374 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.