Plexus Corp. (NASDAQ:PLXS) Given Average Rating of “Moderate Buy” by Brokerages

Shares of Plexus Corp. (NASDAQ:PLXS) have earned a consensus rating of “Moderate Buy” from the six ratings firms that are presently covering the firm, Marketbeat reports. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is $204.20.

A number of brokerages recently weighed in on PLXS. Wall Street Zen cut shares of Plexus from a “buy” rating to a “hold” rating in a report on Sunday, March 8th. Williams Trading set a $195.00 price objective on shares of Plexus in a report on Wednesday, January 28th. Benchmark restated a “buy” rating and issued a $220.00 price objective on shares of Plexus in a report on Monday, March 16th. Zacks Research downgraded shares of Plexus from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 13th. Finally, Stifel Nicolaus set a $250.00 price target on shares of Plexus and gave the stock a “buy” rating in a research note on Monday, April 20th.

Plexus Trading Up 1.7%

Shares of PLXS stock opened at $254.08 on Friday. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.75 and a current ratio of 1.59. The stock has a market capitalization of $6.81 billion, a P/E ratio of 39.51 and a beta of 0.75. The company has a 50 day moving average price of $207.67 and a 200 day moving average price of $175.76. Plexus has a fifty-two week low of $115.35 and a fifty-two week high of $259.05.

Plexus (NASDAQ:PLXS) last announced its quarterly earnings data on Wednesday, January 28th. The technology company reported $1.78 earnings per share for the quarter, beating analysts’ consensus estimates of $1.77 by $0.01. The firm had revenue of $1.07 billion during the quarter, compared to analysts’ expectations of $1.07 billion. Plexus had a net margin of 4.28% and a return on equity of 12.39%. The business’s quarterly revenue was up 9.6% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.73 earnings per share. Plexus has set its Q2 2026 guidance at 1.800-1.950 EPS. Equities research analysts predict that Plexus will post 6.56 EPS for the current fiscal year.

Insider Buying and Selling

In related news, Chairman Dean A. Foate sold 5,000 shares of Plexus stock in a transaction that occurred on Monday, February 2nd. The shares were sold at an average price of $204.89, for a total value of $1,024,450.00. Following the completion of the transaction, the chairman owned 15,000 shares in the company, valued at $3,073,350. The trade was a 25.00% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, COO Oliver K. Mihm sold 9,541 shares of Plexus stock in a transaction that occurred 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 completion of the transaction, the chief operating officer owned 12,809 shares of the company’s stock, valued at $2,579,732.60. This represents a 42.69% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 50,995 shares of company stock valued at $10,345,971 over the last ninety days. 1.78% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the company. Inspire Investing LLC lifted its stake in Plexus by 1.6% in the fourth quarter. Inspire Investing LLC now owns 3,178 shares of the technology company’s stock worth $467,000 after acquiring an additional 50 shares during the last quarter. Allworth Financial LP lifted its stake in Plexus by 20.8% in the fourth quarter. Allworth Financial LP now owns 302 shares of the technology company’s stock worth $44,000 after acquiring an additional 52 shares during the last quarter. Maryland State Retirement & Pension System lifted its stake 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 worth $579,000 after acquiring an additional 60 shares during the last quarter. Oregon Public Employees Retirement Fund lifted 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 worth $908,000 after acquiring an additional 71 shares during the last quarter. Finally, Uncommon Cents Investing LLC lifted its position in shares of Plexus by 0.8% during the 4th quarter. Uncommon Cents Investing LLC now owns 9,925 shares of the technology company’s stock worth $1,459,000 after buying an additional 75 shares during the last quarter. Hedge funds and other institutional investors 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.