Plexus (NASDAQ:PLXS) Reaches New 12-Month High – Here’s Why

Plexus Corp. (NASDAQ:PLXS)’s share price hit a new 52-week high during trading on Friday . The stock traded as high as $299.00 and last traded at $291.1050, with a volume of 5986 shares trading hands. The stock had previously closed at $275.51.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the company. Zacks Research downgraded Plexus from a “hold” rating to a “strong sell” rating in a research report on Wednesday, May 20th. Needham & Company LLC upped their target price on shares of Plexus from $285.00 to $310.00 and gave the company a “buy” rating in a research report on Monday, June 1st. Stifel Nicolaus set a $280.00 target price on shares of Plexus in a research note on Tuesday, May 26th. Benchmark reiterated a “buy” rating and set a $220.00 price target on shares of Plexus in a research report on Monday, March 16th. Finally, Raymond James Financial reissued an “outperform” rating and issued a $275.00 price target on shares of Plexus in a research note on Thursday, April 30th. Five equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, Plexus has an average rating of “Moderate Buy” and a consensus price target of $238.33.

Plexus Trading Up 1.1%

The company has a debt-to-equity ratio of 0.06, a current ratio of 1.54 and a quick ratio of 0.74. The firm has a market cap of $7.79 billion, a PE ratio of 42.63 and a beta of 0.89. The company’s 50 day moving average price is $251.77 and its 200 day moving average price is $203.82.

Plexus (NASDAQ:PLXS) last announced its earnings results on Wednesday, April 29th. The technology company reported $2.05 earnings per share 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 firm had revenue of $1.16 billion for the quarter, compared to the consensus estimate of $1.13 billion. During the same period in the prior year, the firm earned $1.66 EPS. The firm’s revenue for the quarter was up 18.7% on a year-over-year basis. Plexus has set its Q3 2026 guidance at 2.020-2.180 EPS. As a group, analysts forecast that Plexus Corp. will post 5.98 EPS for the current fiscal year.

Insider Buying and Selling

In other Plexus news, insider Michael J. Running sold 510 shares of the company’s stock in a transaction dated Friday, June 5th. The stock was sold at an average price of $272.17, for a total transaction of $138,806.70. Following the sale, the insider owned 665 shares in the company, valued at $180,993.05. This represents a 43.40% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Todd P. Kelsey sold 1,000 shares of the stock in a transaction dated Wednesday, June 3rd. The shares were sold at an average price of $290.00, for a total value of $290,000.00. Following the completion of the sale, the chief executive officer directly owned 70,388 shares in the company, valued at $20,412,520. This represents a 1.40% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 21,981 shares of company stock valued at $5,704,208 in the last three months. 1.78% of the stock is currently owned by insiders.

Institutional Trading of Plexus

A number of large investors have recently made changes to their positions in the company. American Century Companies Inc. grew its holdings in Plexus by 44.2% during the 3rd 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. JPMorgan Chase & Co. raised its holdings 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. Public Sector Pension Investment Board raised its holdings in shares of Plexus by 13.9% in the 3rd quarter. Public Sector Pension Investment Board now owns 105,224 shares of the technology company’s stock valued at $15,225,000 after purchasing an additional 12,875 shares in the last quarter. GSA Capital Partners LLP lifted its position in shares of Plexus by 159.6% during the 4th 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. Finally, Vanguard Group Inc. lifted its position 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 worth $533,016,000 after purchasing an additional 22,374 shares during the last quarter. 94.45% of the stock is currently owned by hedge funds and other institutional investors.

About Plexus

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.