Zacks Research Upgrades Plexus (NASDAQ:PLXS) to Hold

Plexus (NASDAQ:PLXS) was upgraded by investment analysts at Zacks Research from a “strong sell” rating to a “hold” rating in a report issued on Monday,Zacks.com reports.

PLXS has been the topic of a number of other reports. Benchmark restated a “buy” rating and set a $220.00 target price on shares of Plexus in a research note on Monday, March 16th. Wall Street Zen upgraded shares of Plexus from a “hold” rating to a “buy” rating in a research note on Saturday, May 2nd. Weiss Ratings upgraded shares of Plexus from a “buy (b-)” rating to a “buy (b)” rating in a report on Monday, July 6th. Needham & Company LLC increased their price objective on shares of Plexus from $285.00 to $310.00 and gave the company a “buy” rating in a research report on Monday, June 1st. Finally, Stifel Nicolaus increased their price objective on shares of Plexus from $280.00 to $330.00 and gave the company a “buy” rating in a research report on Monday, June 22nd. Five equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, Plexus currently has an average rating of “Moderate Buy” and a consensus target price of $246.67.

Plexus Price Performance

Shares of NASDAQ PLXS opened at $260.36 on Monday. The stock’s 50-day moving average is $275.77 and its two-hundred day moving average is $225.28. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.54 and a quick ratio of 0.74. Plexus has a 1-year low of $115.35 and a 1-year high of $307.06. The company has a market cap of $6.97 billion, a price-to-earnings ratio of 38.06 and a beta of 0.88.

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

Insider Transactions at Plexus

In other news, EVP Angelo Michael Ninivaggi, Jr. sold 3,270 shares of the firm’s 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 in the company, valued at approximately $4,306,423.50. This trade represents a 16.74% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Todd P. Kelsey sold 3,000 shares of Plexus stock in a transaction on Tuesday, May 5th. The shares were sold at an average price of $268.45, for a total transaction of $805,350.00. Following the completion of the transaction, the chief executive officer directly owned 74,888 shares in the company, valued at $20,103,683.60. The trade was a 3.85% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 20,481 shares of company stock valued at $5,519,183. 1.78% of the stock is currently owned by corporate insiders.

Institutional Trading of Plexus

Institutional investors and hedge funds have recently bought and sold shares of the business. Inspire Investing LLC raised its stake in shares of Plexus by 1.6% during the fourth quarter. Inspire Investing LLC now owns 3,178 shares of the technology company’s stock valued at $467,000 after purchasing an additional 50 shares during the period. Allworth Financial LP lifted its position in shares of Plexus by 20.8% during the fourth quarter. Allworth Financial LP now owns 302 shares of the technology company’s stock worth $44,000 after purchasing an additional 52 shares in the last quarter. Maryland State Retirement & Pension System boosted its stake in shares of Plexus by 1.5% in the fourth quarter. Maryland State Retirement & Pension System now owns 3,940 shares of the technology company’s stock valued at $579,000 after purchasing an additional 60 shares during the period. Trust Point Inc. boosted its stake in shares of Plexus by 5.5% in the second quarter. Trust Point Inc. now owns 1,308 shares of the technology company’s stock valued at $393,000 after purchasing an additional 68 shares during the period. Finally, Oregon Public Employees Retirement Fund grew its holdings in Plexus by 1.2% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 6,175 shares of the technology company’s stock valued at $908,000 after purchasing an additional 71 shares in the last quarter. 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.