Plexus (NASDAQ:PLXS) Lowered to “Hold” Rating by Wall Street Zen

Wall Street Zen cut shares of Plexus (NASDAQ:PLXS) from a buy rating to a hold rating in a research report sent to investors on Sunday.

Several other research analysts have also recently issued reports on PLXS. Williams Trading set a $195.00 price objective on Plexus in a research report on Wednesday, January 28th. Needham & Company LLC raised their price objective on shares of Plexus from $165.00 to $206.00 and gave the stock a “buy” rating in a research report on Friday, January 30th. Weiss Ratings cut Plexus from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Friday, February 20th. Zacks Research raised shares of Plexus from a “hold” rating to a “strong-buy” rating in a report on Friday, February 6th. Finally, Stifel Nicolaus increased their price objective on Plexus from $150.00 to $200.00 and gave the stock a “hold” rating in a research report on Friday, January 30th. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, Plexus has an average rating of “Moderate Buy” and a consensus price target of $189.20.

Plexus Stock Performance

NASDAQ:PLXS opened at $185.90 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 company has a 50 day moving average price of $183.99 and a 200 day moving average price of $158.22. Plexus has a fifty-two week low of $103.43 and a fifty-two week high of $211.84. The stock has a market capitalization of $4.98 billion, a P/E ratio of 28.91 and a beta of 0.81.

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

Insider Activity

In other news, COO Oliver K. Mihm sold 9,541 shares of the business’s stock in a transaction dated 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 sale, the chief operating officer owned 12,809 shares in the company, valued at approximately $2,579,732.60. The trade was a 42.69% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Frank Zycinski sold 1,399 shares of the business’s stock in a transaction that occurred on Thursday, February 12th. The stock was sold at an average price of $205.99, for a total transaction of $288,180.01. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 47,995 shares of company stock valued at $9,718,476 in the last 90 days. 1.78% of the stock is owned by corporate insiders.

Institutional Trading of Plexus

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Salomon & Ludwin LLC acquired a new stake in Plexus during the third quarter worth about $30,000. Covestor Ltd lifted its position in shares of Plexus by 207.7% in the 4th quarter. Covestor Ltd now owns 240 shares of the technology company’s stock valued at $35,000 after acquiring an additional 162 shares in the last quarter. Allworth Financial LP lifted its stake in Plexus by 70.1% in the third quarter. Allworth Financial LP now owns 250 shares of the technology company’s stock valued at $36,000 after acquiring an additional 103 shares during the last quarter. Huntington National Bank boosted its position in Plexus by 41.5% during the second quarter. Huntington National Bank now owns 324 shares of the technology company’s stock worth $44,000 after purchasing an additional 95 shares during the period. Finally, Johnson Financial Group Inc. acquired a new stake in shares of Plexus in the third quarter valued at about $72,000. 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.