Plexus (NASDAQ:PLXS) Sets New 12-Month High – Time to Buy?

Plexus Corp. (NASDAQ:PLXS)’s stock price reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $213.62 and last traded at $214.2350, with a volume of 173898 shares trading hands. The stock had previously closed at $202.79.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on PLXS shares. Wall Street Zen cut Plexus from a “buy” rating to a “hold” rating in a report on Sunday, March 8th. Benchmark restated a “buy” rating and set a $220.00 price target on shares of Plexus in a report on Monday, March 16th. Needham & Company LLC raised their price target 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 shares of Plexus from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday, March 6th. Finally, Williams Trading set a $195.00 price objective on shares of Plexus in a research report on Wednesday, January 28th. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat, Plexus presently has an average rating of “Moderate Buy” and a consensus price target of $194.20.

Plexus Stock Up 4.7%

The company has a 50-day simple moving average of $193.18 and a 200-day simple moving average of $162.75. The firm has a market cap of $5.69 billion, a PE ratio of 32.96 and a beta of 0.81. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.59 and a quick ratio of 0.75.

Plexus (NASDAQ:PLXS) last released its earnings results on Wednesday, January 28th. The technology company reported $1.78 EPS for the quarter, beating analysts’ consensus estimates of $1.77 by $0.01. Plexus had a return on equity of 12.39% and a net margin of 4.28%.The firm had revenue of $1.07 billion for the quarter, compared to analysts’ expectations of $1.07 billion. During the same quarter in the prior year, the firm posted $1.73 earnings per share. The company’s quarterly revenue was up 9.6% on a year-over-year basis. Plexus has set its Q2 2026 guidance at 1.800-1.950 EPS. Analysts expect that Plexus Corp. will post 5.9 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, CFO Patrick John Jermain sold 2,321 shares of Plexus stock in a transaction on Thursday, February 12th. The stock was sold at an average price of $201.12, for a total transaction of $466,799.52. Following the completion of the sale, the chief financial officer directly owned 14,561 shares in the company, valued at approximately $2,928,508.32. This trade represents a 13.75% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Karen Marie Rapp sold 500 shares of the business’s stock in a transaction on Friday, February 27th. The shares were sold at an average price of $195.59, for a total transaction of $97,795.00. Following the sale, the director directly owned 8,535 shares of the company’s stock, valued at $1,669,360.65. This represents a 5.53% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 49,495 shares of company stock valued at $10,009,836. Insiders own 1.78% of the company’s stock.

Hedge Funds Weigh In On Plexus

A number of hedge funds have recently added to or reduced their stakes in PLXS. Salomon & Ludwin LLC purchased a new position in shares of Plexus during the third quarter worth approximately $30,000. Covestor Ltd boosted its holdings in shares of Plexus by 207.7% in the fourth quarter. Covestor Ltd now owns 240 shares of the technology company’s stock valued at $35,000 after purchasing an additional 162 shares during the period. Allworth Financial LP grew its stake in Plexus by 70.1% in the third quarter. Allworth Financial LP now owns 250 shares of the technology company’s stock worth $36,000 after purchasing an additional 103 shares in the last quarter. Johnson Financial Group Inc. bought a new position in Plexus in the third quarter worth approximately $72,000. Finally, Farther Finance Advisors LLC increased its holdings in Plexus by 114.7% during the 4th quarter. Farther Finance Advisors LLC now owns 511 shares of the technology company’s stock worth $75,000 after purchasing an additional 273 shares during the period. 94.45% of the stock is currently owned by institutional investors.

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.