Plexus (NASDAQ:PLXS) Upgraded by Wall Street Zen to Buy Rating

Plexus (NASDAQ:PLXS) was upgraded by analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a report released on Saturday.

Other equities research analysts have also recently issued reports about the company. Needham & Company LLC increased their price target on Plexus from $165.00 to $206.00 and gave the company a “buy” rating in a research note on Friday, January 30th. Williams Trading set a $195.00 price objective on shares of Plexus in a research report on Wednesday, January 28th. Benchmark boosted their target price on shares of Plexus from $165.00 to $195.00 and gave the stock a “buy” rating in a research report on Wednesday, January 28th. Weiss Ratings lowered shares of Plexus from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Friday, February 20th. Finally, Zacks Research upgraded shares of Plexus from a “hold” rating to a “strong-buy” rating in a research note on Friday, February 6th. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $189.20.

Plexus Trading Down 2.4%

NASDAQ:PLXS opened at $194.13 on Friday. The stock has a market capitalization of $5.20 billion, a price-to-earnings ratio of 30.19 and a beta of 0.81. Plexus has a 52 week low of $103.43 and a 52 week high of $211.84. The company has a quick ratio of 0.75, a current ratio of 1.59 and a debt-to-equity ratio of 0.06. The firm has a 50 day moving average of $180.10 and a 200 day moving average of $155.74.

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

Insider Buying and Selling at Plexus

In other news, COO Oliver K. Mihm sold 9,541 shares of the company’s stock in a transaction on Wednesday, February 18th. The shares were sold at an average price of $201.40, for a total value of $1,921,557.40. Following the sale, the chief operating officer directly owned 12,809 shares of the company’s stock, valued at $2,579,732.60. This represents a 42.69% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Todd P. Kelsey sold 5,231 shares of the firm’s stock in a transaction on Wednesday, February 18th. The stock was sold at an average price of $195.78, for a total transaction of $1,024,125.18. Following the transaction, the chief executive officer directly owned 83,291 shares of the company’s stock, valued at approximately $16,306,711.98. This trade represents a 5.91% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 47,495 shares of company stock worth $9,620,681. Corporate insiders own 1.78% of the company’s stock.

Hedge Funds Weigh In On Plexus

Several institutional investors and hedge funds have recently modified their holdings of PLXS. Salomon & Ludwin LLC acquired a new stake in Plexus during the third quarter worth about $30,000. Covestor Ltd boosted its position in Plexus by 207.7% in the 4th quarter. Covestor Ltd now owns 240 shares of the technology company’s stock worth $35,000 after purchasing an additional 162 shares in the last quarter. Allworth Financial LP grew its stake in shares of Plexus by 70.1% during the 3rd quarter. Allworth Financial LP now owns 250 shares of the technology company’s stock worth $36,000 after purchasing an additional 103 shares during the period. Huntington National Bank grew its stake in shares of Plexus by 41.5% during the 2nd quarter. Huntington National Bank now owns 324 shares of the technology company’s stock worth $44,000 after purchasing an additional 95 shares during the period. Finally, Johnson Financial Group Inc. purchased a new position in shares of Plexus during the 3rd quarter valued at approximately $72,000. Institutional investors and hedge funds own 94.45% of the company’s stock.

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.