Plexus (NASDAQ:PLXS) Rating Lowered to Hold at Wall Street Zen

Plexus (NASDAQ:PLXS) was downgraded by stock analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Saturday.

Other analysts have also recently issued research reports about the company. Williams Trading set a $165.00 target price on Plexus in a research report on Monday, September 22nd. Stifel Nicolaus set a $150.00 price target on Plexus in a research note on Friday, October 24th. Sidoti lowered Plexus from a “buy” rating to a “neutral” rating and set a $150.00 price target on the stock. in a research report on Friday, October 24th. Needham & Company LLC increased their price objective on Plexus from $158.00 to $165.00 and gave the company a “buy” rating in a report on Thursday, October 23rd. Finally, Weiss Ratings restated a “hold (c+)” rating on shares of Plexus in a research report on Wednesday, October 8th. Two research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $159.00.

Plexus Stock Up 4.3%

Shares of NASDAQ:PLXS opened at $138.46 on Friday. The company has a market capitalization of $3.71 billion, a PE ratio of 22.12 and a beta of 0.80. The company has a current ratio of 1.58, a quick ratio of 0.77 and a debt-to-equity ratio of 0.06. Plexus has a twelve month low of $103.43 and a twelve month high of $172.89. The firm has a 50 day simple moving average of $143.07 and a 200-day simple moving average of $136.58.

Plexus (NASDAQ:PLXS) last posted its earnings results on Wednesday, October 22nd. The technology company reported $2.14 EPS for the quarter, beating analysts’ consensus estimates of $1.84 by $0.30. Plexus had a net margin of 4.29% and a return on equity of 12.77%. The firm had revenue of $1.06 billion for the quarter, compared to the consensus estimate of $1.05 billion. During the same period last year, the firm posted $1.85 EPS. The company’s revenue was up .7% on a year-over-year basis. Plexus has set its Q1 2026 guidance at 1.660-1.810 EPS. On average, equities analysts predict that Plexus will post 5.9 EPS for the current fiscal year.

Insider Activity

In other news, CFO Patrick John Jermain sold 2,500 shares of the company’s stock in a transaction that occurred on Wednesday, August 27th. The stock was sold at an average price of $137.71, for a total transaction of $344,275.00. Following the completion of the sale, the chief financial officer owned 20,959 shares in the company, valued at $2,886,263.89. This represents a 10.66% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Todd P. Kelsey sold 2,000 shares of Plexus stock in a transaction on Tuesday, November 4th. The shares were sold at an average price of $143.50, for a total transaction of $287,000.00. Following the completion of the transaction, the chief executive officer owned 60,714 shares in the company, valued at approximately $8,712,459. This trade represents a 3.19% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders have sold 15,998 shares of company stock valued at $2,246,689. Company insiders own 1.76% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Congress Asset Management Co. raised its holdings in Plexus by 0.5% during the third quarter. Congress Asset Management Co. now owns 16,245 shares of the technology company’s stock worth $2,350,000 after purchasing an additional 88 shares in the last quarter. Huntington National Bank increased its position in 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. Nisa Investment Advisors LLC increased its position in Plexus by 0.8% during the 3rd quarter. Nisa Investment Advisors LLC now owns 12,879 shares of the technology company’s stock worth $1,863,000 after purchasing an additional 99 shares during the period. Strs Ohio raised its stake in shares of Plexus by 1.2% during the 3rd quarter. Strs Ohio now owns 8,500 shares of the technology company’s stock worth $1,230,000 after buying an additional 100 shares in the last quarter. Finally, Arizona State Retirement System lifted its holdings in shares of Plexus by 1.3% in the 3rd quarter. Arizona State Retirement System now owns 7,993 shares of the technology company’s stock valued at $1,157,000 after buying an additional 102 shares during the period. 94.45% of the stock is currently owned by institutional investors and hedge funds.

Plexus Company Profile

Plexus Corp. provides electronic manufacturing services in the United States and internationally. It offers design, develop, supply chain, new product introduction, and manufacturing solutions, as well as sustaining services to companies in the healthcare/life sciences, industrial/commercial, aerospace/defense, and communications market sectors.