Plexus (NASDAQ:PLXS) Stock Rating Lowered by Wall Street Zen

Plexus (NASDAQ:PLXS) was downgraded by equities researchers at Wall Street Zen from a “buy” rating to a “hold” rating in a note issued to investors on Sunday.

A number of other research analysts have also recently weighed in on the stock. Zacks Research raised shares of Plexus from a “hold” rating to a “strong-buy” rating in a report on Friday, February 6th. Weiss Ratings lowered shares of Plexus from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Friday, February 20th. Williams Trading set a $195.00 target price on Plexus in a research report on Wednesday, January 28th. Stifel Nicolaus lifted their price target on Plexus from $150.00 to $200.00 and gave the company a “hold” rating in a research note on Friday, January 30th. Finally, Needham & Company LLC upped their price target on Plexus from $165.00 to $206.00 and gave the stock a “buy” rating in a report on Friday, January 30th. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $189.20.

Plexus Price Performance

Shares of NASDAQ PLXS opened at $185.90 on Friday. The stock has a market capitalization of $4.98 billion, a price-to-earnings ratio of 28.91 and a beta of 0.81. Plexus has a 12 month low of $103.43 and a 12 month high of $211.84. The firm’s 50 day simple moving average is $183.99 and its 200-day simple moving average is $158.01. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.59 and a quick ratio of 0.75.

Plexus (NASDAQ:PLXS) last posted its 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 net margin of 4.28% and a return on equity of 12.39%. The firm had revenue of $1.07 billion during the quarter, compared to analyst estimates of $1.07 billion. During the same period in the previous year, the firm earned $1.73 EPS. The business’s quarterly revenue was up 9.6% on a year-over-year basis. Plexus has set its Q2 2026 guidance at 1.800-1.950 EPS. Analysts expect that Plexus will post 5.9 EPS for the current year.

Insider Activity at Plexus

In other news, CEO Todd P. Kelsey sold 8,120 shares of the business’s stock in a transaction dated Tuesday, February 3rd. The shares were sold at an average price of $205.65, for a total transaction of $1,669,878.00. Following the completion of the sale, the chief executive officer owned 78,598 shares of the company’s stock, valued at $16,163,678.70. The trade was a 9.36% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Patrick John Jermain sold 4,841 shares of the company’s stock in a transaction dated Tuesday, February 3rd. The stock was sold at an average price of $204.01, for a total transaction of $987,612.41. Following the transaction, the chief financial officer owned 20,469 shares of the company’s stock, valued at approximately $4,175,880.69. This trade represents a 19.13% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 47,995 shares of company stock valued at $9,718,476 in the last three months. Company insiders own 1.78% of the company’s stock.

Institutional Investors Weigh In On Plexus

Several institutional investors have recently bought and sold shares of PLXS. American Century Companies Inc. lifted its position in shares of Plexus by 44.2% in 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 acquiring an additional 338,119 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its position in shares of Plexus by 7.5% during the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 6,955 shares of the technology company’s stock worth $941,000 after purchasing an additional 484 shares in the last quarter. Massachusetts Financial Services Co. MA increased its position in shares of Plexus by 23.3% during 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 in the last quarter. Nicola Wealth Management LTD. acquired a new position in Plexus in the 3rd quarter valued at $6,655,000. Finally, Wedge Capital Management L L P NC raised its stake in Plexus by 36.6% in the 3rd quarter. Wedge Capital Management L L P NC now owns 27,600 shares of the technology company’s stock valued at $3,993,000 after purchasing an additional 7,393 shares during 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.