Plexus (NASDAQ:PLXS) Upgraded by Wall Street Zen to Buy Rating

Wall Street Zen upgraded shares of Plexus (NASDAQ:PLXS) from a hold rating to a buy rating in a report released on Saturday.

Other research analysts also recently issued reports about the stock. Weiss Ratings downgraded shares of Plexus from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Friday, February 20th. Needham & Company LLC boosted their price objective on shares of Plexus from $165.00 to $206.00 and gave the stock a “buy” rating in a report on Friday, January 30th. Benchmark upped their price objective on shares of Plexus from $165.00 to $195.00 and gave the company a “buy” rating in a research report on Wednesday, January 28th. Stifel Nicolaus raised their target price on Plexus from $150.00 to $200.00 and gave the company a “hold” rating in a research note on Friday, January 30th. Finally, Williams Trading set a $195.00 price target on Plexus in a research note on Wednesday, January 28th. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, Plexus has an average rating of “Moderate Buy” and a consensus price target of $189.20.

Plexus Price Performance

PLXS stock opened at $194.13 on Friday. The firm has a market cap of $5.20 billion, a P/E ratio of 30.19 and a beta of 0.81. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.75 and a current ratio of 1.59. Plexus has a 1 year low of $103.43 and a 1 year high of $211.84. The stock has a 50-day simple moving average of $180.10 and a 200-day simple moving average of $155.90.

Plexus (NASDAQ:PLXS) last released its quarterly earnings results on Wednesday, January 28th. The technology company reported $1.78 EPS for the quarter, topping the consensus estimate 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 analyst estimates of $1.07 billion. During the same period in the previous year, the company posted $1.73 EPS. Plexus’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. On average, equities analysts predict that Plexus will post 5.9 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, CFO Patrick John Jermain sold 4,841 shares of the business’s stock in a transaction dated Tuesday, February 3rd. The stock was sold at an average price of $204.01, for a total value of $987,612.41. Following the completion of the sale, the chief financial officer directly owned 20,469 shares of the company’s stock, valued at $4,175,880.69. The trade was a 19.13% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, COO Oliver K. Mihm sold 9,541 shares of the stock in a transaction that occurred on Wednesday, February 18th. The stock was sold at an average price of $201.40, for a total value of $1,921,557.40. Following the transaction, the chief operating officer directly owned 12,809 shares in the company, valued at approximately $2,579,732.60. This represents a 42.69% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 47,495 shares of company stock valued at $9,620,681. 1.78% of the stock is owned by company insiders.

Hedge Funds Weigh In On Plexus

Hedge funds have recently added to or reduced their stakes in the business. Salomon & Ludwin LLC acquired a new stake in shares of Plexus during the third quarter worth $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 buying an additional 162 shares during the last quarter. Allworth Financial LP raised its stake in Plexus by 70.1% during the third quarter. Allworth Financial LP now owns 250 shares of the technology company’s stock worth $36,000 after acquiring an additional 103 shares during the period. Huntington National Bank lifted its holdings in Plexus by 41.5% in the second quarter. Huntington National Bank now owns 324 shares of the technology company’s stock worth $44,000 after acquiring an additional 95 shares during the last quarter. Finally, Johnson Financial Group Inc. bought a new position in Plexus in the third quarter worth about $72,000. Institutional investors and hedge funds own 94.45% of the company’s stock.

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.