Plexus (NASDAQ:PLXS) Hits New 12-Month High – Still a Buy?

Plexus Corp. (NASDAQ:PLXS)’s stock price hit a new 52-week high during mid-day trading on Thursday . The company traded as high as $275.83 and last traded at $265.04, with a volume of 432167 shares traded. The stock had previously closed at $265.11.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the company. Williams Trading set a $195.00 price target on Plexus in a research note on Wednesday, January 28th. Weiss Ratings cut Plexus from a “buy (b)” rating to a “buy (b-)” rating in a research note on Friday, April 24th. Needham & Company LLC boosted their price target on Plexus from $206.00 to $285.00 and gave the company a “buy” rating in a research note on Friday, May 1st. Benchmark reiterated a “buy” rating and issued a $220.00 price target on shares of Plexus in a research note on Monday, March 16th. Finally, Stifel Nicolaus set a $250.00 price target on Plexus and gave the company a “buy” rating in a research note on Monday, April 20th. Five equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $229.17.

Plexus Trading Down 0.0%

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 capitalization of $7.10 billion, a P/E ratio of 38.75 and a beta of 0.88. The firm has a 50 day moving average of $214.47 and a 200-day moving average of $180.66.

Plexus (NASDAQ:PLXS) last issued its quarterly earnings results on Wednesday, April 29th. The technology company reported $2.05 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.87 by $0.18. Plexus had a return on equity of 12.84% and a net margin of 4.35%.The business had revenue of $1.16 billion during the quarter, compared to analysts’ expectations of $1.13 billion. During the same period in the previous year, the company posted $1.66 earnings per share. The firm’s revenue for the quarter was up 18.7% compared to the same quarter last year. Plexus has set its Q3 2026 guidance at 2.020-2.180 EPS. On average, equities research analysts predict that Plexus Corp. will post 6.23 earnings per share for the current fiscal year.

Insider Activity

In other Plexus news, insider Frank Zycinski sold 1,399 shares of the business’s stock in a transaction that occurred on Thursday, February 12th. The shares were sold at an average price of $205.99, for a total transaction of $288,180.01. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, COO Oliver K. Mihm sold 9,541 shares of the business’s stock in a transaction that occurred on Wednesday, February 18th. The shares were sold at an average price of $201.40, for a total transaction of $1,921,557.40. Following the transaction, the chief operating officer owned 12,809 shares of the company’s stock, valued at approximately $2,579,732.60. This represents a 42.69% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 30,621 shares of company stock valued at $6,578,664 in the last three months. Company insiders own 1.78% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its position in Plexus by 0.6% during the third quarter. Vanguard Group Inc. now owns 3,683,845 shares of the technology company’s stock valued at $533,016,000 after purchasing an additional 22,374 shares in the last quarter. Dimensional Fund Advisors LP raised its position in Plexus by 0.5% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,373,457 shares of the technology company’s stock valued at $201,903,000 after purchasing an additional 7,051 shares in the last quarter. American Century Companies Inc. raised its position in Plexus by 44.2% during the third 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. State Street Corp raised its position in Plexus by 2.3% during the second quarter. State Street Corp now owns 1,059,501 shares of the technology company’s stock valued at $143,361,000 after purchasing an additional 24,115 shares in the last quarter. Finally, BNP PARIBAS ASSET MANAGEMENT Holding S.A. raised its position in Plexus by 4.0% during the third quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 915,296 shares of the technology company’s stock valued at $132,434,000 after purchasing an additional 35,237 shares in the last quarter. 94.45% of the stock is currently owned by institutional investors and hedge funds.

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.