Plexus (NASDAQ:PLXS) Stock Crosses Above 200-Day Moving Average – Time to Sell?

Plexus Corp. (NASDAQ:PLXS)’s stock price passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $216.29 and traded as high as $289.75. Plexus shares last traded at $287.80, with a volume of 364,946 shares traded.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on PLXS shares. Stifel Nicolaus boosted their price target 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. Weiss Ratings lowered shares of Plexus from a “buy (b)” rating to a “buy (b-)” rating in a report on Thursday, June 11th. Zacks Research cut Plexus from a “hold” rating to a “strong sell” rating in a research report on Wednesday, May 20th. Benchmark reaffirmed a “buy” rating and set a $220.00 price objective on shares of Plexus in a research report on Monday, March 16th. Finally, Raymond James Financial reiterated an “outperform” rating and set a $275.00 target price on shares of Plexus in a report on Thursday, April 30th. Five equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, Plexus has an average rating of “Moderate Buy” and a consensus price target of $246.67.

Plexus Trading Up 0.1%

The stock’s fifty day moving average price is $270.15 and its 200 day moving average price is $216.29. The stock has a market cap of $7.70 billion, a P/E ratio of 42.08 and a beta of 0.89. The company has a current ratio of 1.54, a quick ratio of 0.74 and a debt-to-equity ratio of 0.06.

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, topping the consensus estimate of $1.87 by $0.18. Plexus had a net margin of 4.35% and a return on equity of 12.84%. The company had revenue of $1.16 billion during the quarter, compared to analyst estimates of $1.13 billion. During the same period last year, the business earned $1.66 EPS. Plexus’s quarterly revenue was up 18.7% compared to the same quarter last year. Plexus has set its Q3 2026 guidance at 2.020-2.180 EPS. Equities research analysts expect that Plexus Corp. will post 5.98 earnings per share for the current year.

Insider Buying and Selling at Plexus

In other Plexus news, insider Michael J. Running sold 510 shares of the firm’s stock in a transaction that occurred on Friday, June 5th. The shares were sold at an average price of $272.17, for a total transaction of $138,806.70. Following the completion of the transaction, the insider owned 665 shares of the company’s stock, valued at approximately $180,993.05. This trade represents a 43.40% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, 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 of the company’s stock, valued at $4,306,423.50. This represents a 16.74% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 21,981 shares of company stock worth $5,855,318 in the last ninety days. 1.78% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. American Century Companies Inc. boosted its holdings 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 acquiring an additional 338,119 shares in the last quarter. Victory Capital Management Inc. grew its stake in shares of Plexus by 130.0% in the fourth quarter. Victory Capital Management Inc. now owns 349,057 shares of the technology company’s stock worth $51,311,000 after acquiring an additional 197,283 shares during the last quarter. Emerald Advisers LLC bought a new position in shares of Plexus during the first quarter valued at $33,729,000. MetLife Investment Management LLC increased its holdings in shares of Plexus by 713.3% during the fourth quarter. MetLife Investment Management LLC now owns 126,971 shares of the technology company’s stock valued at $18,665,000 after acquiring an additional 111,360 shares in the last quarter. Finally, Emerald Mutual Fund Advisers Trust bought a new position in shares of Plexus during the first quarter valued at $20,715,000. 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.