Plexus Corp. (NASDAQ:PLXS) Receives Consensus Rating of “Buy” from Analysts

Plexus Corp. (NASDAQ:PLXS) has received an average rating of “Buy” from the seven analysts that are covering the company, MarketBeat reports. Six research analysts have rated the stock with a buy rating and one has issued a strong buy rating on the company. The average 12-month target price among analysts that have covered the stock in the last year is $273.00.

PLXS has been the topic of a number of analyst reports. Needham & Company LLC restated a “buy” rating and set a $310.00 target price on shares of Plexus in a research report on Friday, August 14th. Stifel Nicolaus upped their price objective on shares of Plexus from $280.00 to $330.00 and gave the company a “buy” rating in a research note on Monday, June 22nd. Sidoti raised Plexus from a “neutral” rating to a “buy” rating and set a $308.00 target price for the company in a research note on Friday, July 31st. Zacks Research raised shares of Plexus from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, August 11th. Finally, Weiss Ratings cut shares of Plexus from a “buy (b)” rating to a “buy (b-)” rating in a research report on Tuesday, August 11th.

Insider Transactions at Plexus

In other Plexus news, insider Michael J. Running sold 510 shares of Plexus stock in a transaction dated Friday, June 5th. The stock was sold at an average price of $272.17, for a total value of $138,806.70. Following the completion of the transaction, the insider directly owned 665 shares of the company’s stock, valued at $180,993.05. The trade was a 43.40% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Michael V. Schrock sold 4,000 shares of the company’s stock in a transaction that occurred on Tuesday, August 11th. The stock was sold at an average price of $275.00, for a total transaction of $1,100,000.00. Following the sale, the director directly owned 40,329 shares in the company, valued at approximately $11,090,475. The trade was a 9.02% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders have sold 8,010 shares of company stock valued at $2,178,182. Insiders own 1.78% of the company’s stock.

Institutional Investors Weigh In On Plexus

Hedge funds and other institutional investors have recently modified their holdings of the company. Inspire Investing LLC lifted its position in shares of Plexus by 1.6% during the 4th quarter. Inspire Investing LLC now owns 3,178 shares of the technology company’s stock worth $467,000 after purchasing an additional 50 shares during the last quarter. Allworth Financial LP increased its holdings in Plexus by 20.8% in the fourth quarter. Allworth Financial LP now owns 302 shares of the technology company’s stock valued at $44,000 after buying an additional 52 shares during the last quarter. Maryland State Retirement & Pension System increased its holdings in Plexus by 1.5% in the fourth quarter. Maryland State Retirement & Pension System now owns 3,940 shares of the technology company’s stock valued at $579,000 after buying an additional 60 shares during the last quarter. Trust Point Inc. raised its stake in Plexus by 5.5% in the second quarter. Trust Point Inc. now owns 1,308 shares of the technology company’s stock valued at $393,000 after buying an additional 68 shares in the last quarter. Finally, Oregon Public Employees Retirement Fund raised its stake in Plexus by 1.2% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 6,175 shares of the technology company’s stock valued at $908,000 after buying an additional 71 shares in the last quarter. 94.45% of the stock is currently owned by institutional investors and hedge funds.

Plexus Trading Up 0.3%

NASDAQ PLXS opened at $239.29 on Friday. The company has a fifty day moving average of $260.39 and a 200 day moving average of $244.98. The company has a market capitalization of $6.40 billion, a PE ratio of 35.29 and a beta of 0.89. Plexus has a 1 year low of $132.03 and a 1 year high of $307.06. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.49 and a quick ratio of 0.72.

Plexus (NASDAQ:PLXS) last posted its earnings results on Wednesday, July 29th. The technology company reported $2.32 EPS for the quarter, topping the consensus estimate of $2.13 by $0.19. Plexus had a return on equity of 12.46% and a net margin of 4.03%.The firm had revenue of $1.30 billion for the quarter, compared to analyst estimates of $1.23 billion. During the same period last year, the company earned $1.64 earnings per share. Plexus’s revenue for the quarter was up 28.2% compared to the same quarter last year. Plexus has set its Q4 2026 guidance at 2.470-2.630 EPS. Research analysts forecast that Plexus will post 7.11 earnings per share for the current year.

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.