Plexus Corp. (NASDAQ:PLXS) Receives $194.20 Consensus Target Price from Brokerages

Plexus Corp. (NASDAQ:PLXS) has received an average rating of “Moderate Buy” from the six analysts that are presently covering the stock, MarketBeat.com reports. Two research analysts have rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the company. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is $194.20.

PLXS has been the topic of several analyst reports. Stifel Nicolaus raised their price objective on Plexus from $150.00 to $200.00 and gave the stock a “hold” rating in a report on Friday, January 30th. Needham & Company LLC increased their target price on Plexus from $165.00 to $206.00 and gave the stock a “buy” rating in a research report on Friday, January 30th. Weiss Ratings raised Plexus from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday, March 6th. Williams Trading set a $195.00 price target on Plexus in a report on Wednesday, January 28th. Finally, Wall Street Zen downgraded shares of Plexus from a “buy” rating to a “hold” rating in a research note on Sunday, March 8th.

Plexus Price Performance

PLXS opened at $207.35 on Wednesday. The firm has a market cap of $5.55 billion, a P/E ratio of 32.25 and a beta of 0.75. The business’s fifty day simple moving average is $198.09 and its 200 day simple moving average is $166.61. Plexus has a 52 week low of $103.43 and a 52 week high of $220.17. The company has a quick ratio of 0.75, a current ratio of 1.59 and a debt-to-equity ratio of 0.06.

Plexus (NASDAQ:PLXS) last announced 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 the consensus estimate of $1.07 billion. During the same quarter in the previous year, the company posted $1.73 EPS. The firm’s revenue for the quarter was up 9.6% on a year-over-year basis. Plexus has set its Q2 2026 guidance at 1.800-1.950 EPS. As a group, equities research analysts anticipate that Plexus will post 5.9 EPS for the current fiscal year.

Insider Transactions at Plexus

In other Plexus news, CFO Patrick John Jermain sold 4,841 shares of the business’s stock in a transaction that occurred on Tuesday, February 3rd. The shares were sold at an average price of $204.01, for a total transaction of $987,612.41. Following the completion of the sale, the chief financial officer directly owned 20,469 shares in the company, valued at $4,175,880.69. The trade was a 19.13% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, COO Oliver K. Mihm sold 9,541 shares of the company’s stock in a transaction on Wednesday, February 18th. The stock was sold at an average price of $201.40, for a total transaction of $1,921,557.40. Following the sale, the chief operating officer directly owned 12,809 shares of the company’s stock, valued at approximately $2,579,732.60. This trade represents a 42.69% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 49,495 shares of company stock valued at $10,009,836 in the last ninety days. Company insiders own 1.78% of the company’s stock.

Hedge Funds Weigh In On Plexus

Hedge funds and other institutional investors have recently bought and sold shares of the stock. American Century Companies Inc. lifted its position in shares of Plexus by 44.2% during the third quarter. American Century Companies Inc. now owns 1,103,892 shares of the technology company’s stock worth $159,722,000 after purchasing an additional 338,119 shares in the last quarter. Massachusetts Financial Services Co. MA grew its stake in Plexus by 23.3% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 240,192 shares of the technology company’s stock valued at $34,753,000 after purchasing an additional 45,425 shares in the last quarter. Nicola Wealth Management LTD. purchased a new stake in Plexus during the 3rd quarter worth approximately $6,655,000. JPMorgan Chase & Co. raised its position in shares of Plexus by 28.3% in the 3rd 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 in the last quarter. Finally, Vanguard Group Inc. boosted its stake in shares of Plexus by 0.6% during the 3rd quarter. Vanguard Group Inc. now owns 3,683,845 shares of the technology company’s stock valued at $533,016,000 after buying an additional 22,374 shares during the last quarter. 94.45% of the stock is owned by institutional investors and hedge funds.

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.