Plexus Corp. (NASDAQ:PLXS) Given Consensus Rating of “Moderate Buy” by Brokerages

Shares of Plexus Corp. (NASDAQ:PLXS) have received a consensus rating of “Moderate Buy” from the six ratings firms that are covering the firm, MarketBeat.com reports. Three investment analysts have rated the stock with a hold recommendation, two have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month price target among brokerages that have covered the stock in the last year is $189.20.

Several equities research analysts have commented on PLXS shares. Needham & Company LLC upped their price target on shares of Plexus from $165.00 to $206.00 and gave the company a “buy” rating in a report on Friday, January 30th. Zacks Research upgraded Plexus from a “hold” rating to a “strong-buy” rating in a research note on Friday, February 6th. Wall Street Zen raised Plexus from a “hold” rating to a “buy” rating in a report on Saturday, February 28th. Benchmark upped their target price on Plexus from $165.00 to $195.00 and gave the stock a “buy” rating in a research note on Wednesday, January 28th. Finally, Williams Trading set a $195.00 target price on Plexus in a report on Wednesday, January 28th.

Plexus Stock Performance

PLXS opened at $185.90 on Friday. The company has a current ratio of 1.59, a quick ratio of 0.75 and a debt-to-equity ratio of 0.06. Plexus has a 12-month low of $103.43 and a 12-month high of $211.84. The firm has a 50 day moving average of $183.99 and a two-hundred day moving average of $157.83. The firm has a market capitalization of $4.98 billion, a PE ratio of 28.91 and a beta of 0.81.

Plexus (NASDAQ:PLXS) last released its quarterly earnings data on Wednesday, January 28th. The technology company reported $1.78 EPS for the quarter, beating the consensus estimate 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 net margin of 4.28% and a return on equity of 12.39%. The business’s revenue for the quarter was up 9.6% on a year-over-year basis. During the same period in the prior year, the firm earned $1.73 EPS. Plexus has set its Q2 2026 guidance at 1.800-1.950 EPS. On average, analysts anticipate that Plexus will post 5.9 EPS for the current year.

Insiders Place Their Bets

In related news, CEO Todd P. Kelsey sold 5,231 shares of the business’s stock in a transaction on Wednesday, February 18th. The shares were sold at an average price of $195.78, for a total value of $1,024,125.18. Following the completion of the transaction, the chief executive officer directly owned 83,291 shares in the company, valued at $16,306,711.98. The trade was a 5.91% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO Patrick John Jermain sold 2,321 shares of the business’s stock in a transaction on Thursday, February 12th. The shares were sold at an average price of $201.12, for a total transaction of $466,799.52. Following the completion of the transaction, the chief financial officer owned 14,561 shares of the company’s stock, valued at approximately $2,928,508.32. This represents a 13.75% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have sold 47,995 shares of company stock worth $9,718,476. Corporate insiders own 1.78% of the company’s stock.

Institutional Trading of Plexus

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