Plexus Corp. (NASDAQ:PLXS) Receives Average Recommendation of “Moderate Buy” from Analysts

Shares of Plexus Corp. (NASDAQ:PLXS) have earned a consensus rating of “Moderate Buy” from the seven research firms that are currently covering the firm, Marketbeat reports. One research analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation and five have assigned a buy recommendation to the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is $246.6667.

Several analysts recently commented on the company. Benchmark reiterated a “buy” rating and set a $220.00 price target on shares of Plexus in a research report on Monday, March 16th. Wall Street Zen upgraded Plexus from a “hold” rating to a “buy” rating in a report on Saturday, May 2nd. Raymond James Financial reaffirmed an “outperform” rating and set a $275.00 target price on shares of Plexus in a research note on Thursday, April 30th. Needham & Company LLC upped their target price on shares of Plexus from $285.00 to $310.00 and gave the stock a “buy” rating in a report on Monday, June 1st. Finally, Stifel Nicolaus increased their target price 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.

Insider Buying and Selling at Plexus

In other Plexus news, CEO Todd P. Kelsey sold 1,500 shares of the stock in a transaction dated Wednesday, June 17th. The shares were sold at an average price of $294.98, for a total value of $442,470.00. Following the completion of the sale, the chief executive officer owned 68,888 shares in the company, valued at approximately $20,320,582.24. This represents a 2.13% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Michael J. Running sold 510 shares of the company’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 value of $138,806.70. Following the completion of the sale, the insider owned 665 shares of the company’s stock, valued at $180,993.05. This trade represents a 43.40% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 21,981 shares of company stock worth $5,855,318 in the last 90 days. 1.78% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Plexus

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Hodges Capital Management Inc. increased its stake in shares of Plexus by 47.7% in the 4th quarter. Hodges Capital Management Inc. now owns 17,950 shares of the technology company’s stock worth $2,639,000 after acquiring an additional 5,795 shares during the last quarter. Louisiana State Employees Retirement System acquired a new position in shares of Plexus during the 1st quarter valued at about $2,410,000. JPMorgan Chase & Co. grew its holdings in shares of Plexus by 28.3% in the third quarter. JPMorgan Chase & Co. now owns 240,460 shares of the technology company’s stock valued at $34,792,000 after purchasing an additional 52,967 shares during the period. Jefferies Financial Group Inc. purchased a new stake in shares of Plexus in the fourth quarter valued at about $2,182,000. Finally, GSA Capital Partners LLP increased its position in Plexus by 159.6% during the fourth quarter. GSA Capital Partners LLP now owns 14,638 shares of the technology company’s stock worth $2,152,000 after purchasing an additional 8,999 shares during the last quarter. Institutional investors and hedge funds own 94.45% of the company’s stock.

Plexus Trading Up 1.8%

PLXS stock opened at $270.56 on Friday. 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 has a 12-month low of $115.35 and a 12-month high of $307.06. The stock has a market cap of $7.24 billion, a price-to-earnings ratio of 39.56 and a beta of 0.88. The business’s 50-day moving average is $275.36 and its 200 day moving average is $222.99.

Plexus (NASDAQ:PLXS) last announced its earnings results on Wednesday, April 29th. The technology company reported $2.05 EPS for the quarter, beating analysts’ consensus estimates 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 quarter in the prior year, the firm earned $1.66 earnings per share. The business’s 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. On average, sell-side analysts anticipate that Plexus will post 5.98 EPS for the current fiscal year.

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.