Plexus (NASDAQ:PLXS) Downgraded by Zacks Research to Hold

Plexus (NASDAQ:PLXS) was downgraded by equities research analysts at Zacks Research from a “strong-buy” rating to a “hold” rating in a report released on Monday,Zacks.com reports.

Several other equities analysts have also weighed in on PLXS. Weiss Ratings upgraded Plexus from a “hold (c+)” rating to a “buy (b-)” rating in a report on Friday, March 6th. Needham & Company LLC raised their target price on Plexus from $165.00 to $206.00 and gave the company a “buy” rating in a report on Friday, January 30th. Stifel Nicolaus raised their target price on Plexus from $150.00 to $200.00 and gave the company a “hold” rating in a report on Friday, January 30th. Wall Street Zen lowered shares of Plexus from a “buy” rating to a “hold” rating in a research report on Sunday, March 8th. Finally, Williams Trading set a $195.00 price target on shares of Plexus in a research report on Wednesday, January 28th. Three research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Plexus has a consensus rating of “Moderate Buy” and an average target price of $194.20.

Plexus Price Performance

Shares of PLXS opened at $227.95 on Monday. The firm has a market cap of $6.11 billion, a PE ratio of 35.45 and a beta of 0.75. The firm’s 50 day moving average price is $202.21 and its 200 day moving average price is $170.82. 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 twelve month low of $115.35 and a twelve month high of $232.17.

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

Insiders Place Their Bets

In related news, Chairman Dean A. Foate sold 5,000 shares of the company’s stock in a transaction on Monday, February 2nd. The shares were sold at an average price of $204.89, for a total transaction of $1,024,450.00. Following the completion of the transaction, the chairman directly owned 15,000 shares in the company, valued at $3,073,350. This represents a 25.00% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Todd P. Kelsey sold 8,120 shares of the stock in a transaction on Tuesday, February 3rd. The shares were sold at an average price of $205.65, for a total transaction of $1,669,878.00. Following the completion of the sale, the chief executive officer directly owned 78,598 shares of the company’s stock, valued at approximately $16,163,678.70. This trade represents a 9.36% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 49,495 shares of company stock valued at $10,009,836 in the last ninety days. Company insiders own 1.78% of the company’s stock.

Institutional Trading of Plexus

Hedge funds have recently bought and sold shares of the stock. Salomon & Ludwin LLC bought a new stake in Plexus in the 3rd quarter valued at $30,000. Covestor Ltd raised its holdings in 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 raised its holdings in Plexus by 70.1% in the 3rd quarter. Allworth Financial LP now owns 250 shares of the technology company’s stock valued at $36,000 after acquiring an additional 103 shares in the last quarter. Johnson Financial Group Inc. acquired a new position in Plexus in the 3rd quarter valued at approximately $72,000. Finally, Farther Finance Advisors LLC raised its holdings in Plexus by 114.7% in the 4th quarter. Farther Finance Advisors LLC now owns 511 shares of the technology company’s stock valued at $75,000 after acquiring an additional 273 shares in the last quarter. 94.45% of the stock is owned by institutional investors.

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.