Plexus (NASDAQ:PLXS) Stock Rating Upgraded by Sidoti

Plexus (NASDAQ:PLXS) was upgraded by equities researchers at Sidoti from a “neutral” rating to a “buy” rating in a report issued on Friday,Benzinga reports. The brokerage presently has a $308.00 price target on the technology company’s stock. Sidoti’s price target suggests a potential upside of 27.28% from the company’s current price.

Other equities analysts also recently issued research reports about the company. Stifel Nicolaus upped their target price on Plexus from $280.00 to $330.00 and gave the company a “buy” rating in a report on Monday, June 22nd. Raymond James Financial reissued an “outperform” rating and set a $275.00 price objective on shares of Plexus in a research report on Thursday, April 30th. Zacks Research upgraded shares of Plexus from a “strong sell” rating to a “hold” rating in a report on Monday, July 13th. Needham & Company LLC raised their target price on shares of Plexus from $285.00 to $310.00 and gave the stock a “buy” rating in a research report on Monday, June 1st. Finally, Wall Street Zen raised shares of Plexus from a “hold” rating to a “buy” rating in a research report on Saturday, May 2nd. Six equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $273.00.

Plexus Trading Up 0.6%

Shares of PLXS opened at $241.99 on Friday. The firm has a fifty day simple moving average of $273.64 and a two-hundred day simple moving average of $233.69. Plexus has a twelve month low of $124.49 and a twelve month high of $307.06. The stock has a market capitalization of $6.48 billion, a P/E ratio of 35.69 and a beta of 0.88. The company has a quick ratio of 0.74, a current ratio of 1.54 and a debt-to-equity ratio of 0.06.

Plexus (NASDAQ:PLXS) last posted its earnings results on Wednesday, July 29th. The technology company reported $2.32 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.13 by $0.19. Plexus had a return on equity of 12.57% and a net margin of 4.03%.The company had revenue of $1.30 billion for the quarter, compared to analysts’ expectations of $1.23 billion. During the same period last year, the firm earned $1.64 earnings per share. Plexus’s quarterly revenue was up 28.2% on a year-over-year basis. Plexus has set its Q4 2026 guidance at 2.470-2.630 EPS. On average, research analysts anticipate that Plexus will post 5.98 EPS for the current year.

Insider Transactions at Plexus

In other news, EVP Angelo Michael Ninivaggi, Jr. sold 3,270 shares of the firm’s stock in a transaction that occurred on Friday, May 8th. The stock was sold at an average price of $264.75, for a total value of $865,732.50. Following the completion of the transaction, the executive vice president owned 16,266 shares in the company, valued at $4,306,423.50. This trade represents a 16.74% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Todd P. Kelsey sold 3,000 shares of the company’s stock in a transaction on Tuesday, May 5th. The stock was sold at an average price of $268.45, for a total value of $805,350.00. Following the completion of the sale, the chief executive officer directly owned 74,888 shares in the company, valued at approximately $20,103,683.60. The trade was a 3.85% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 20,481 shares of company stock valued at $5,519,183. Corporate insiders own 1.78% of the company’s stock.

Hedge Funds Weigh In On Plexus

Institutional investors and hedge funds have recently made changes to their positions in the business. Covestor Ltd increased its position in 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 in the last quarter. Allworth Financial LP boosted its stake in Plexus by 20.8% in the 4th quarter. Allworth Financial LP now owns 302 shares of the technology company’s stock worth $44,000 after purchasing an additional 52 shares in the last quarter. Johnson Financial Group Inc. bought a new stake in Plexus during the 3rd quarter valued at about $72,000. Farther Finance Advisors LLC raised its holdings in Plexus by 114.7% in the fourth quarter. Farther Finance Advisors LLC now owns 511 shares of the technology company’s stock worth $75,000 after buying an additional 273 shares during the last quarter. Finally, EverSource Wealth Advisors LLC grew its holdings in shares of Plexus by 583.3% during the second quarter. EverSource Wealth Advisors LLC now owns 574 shares of the technology company’s stock valued at $78,000 after buying an additional 490 shares during the last quarter. Institutional investors own 94.45% of the company’s stock.

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.