Plexus (NASDAQ:PLXS) Downgraded by Zacks Research to Strong Sell

Plexus (NASDAQ:PLXS) was downgraded by research analysts at Zacks Research from a “hold” rating to a “strong sell” rating in a research note issued to investors on Wednesday,Zacks.com reports. Zacks Research also issued estimates for Plexus’ Q3 2026 earnings at $1.16 EPS, Q4 2026 earnings at $1.45 EPS, FY2026 earnings at $5.86 EPS, Q1 2027 earnings at $1.49 EPS, Q2 2027 earnings at $1.60 EPS, Q3 2027 earnings at $1.48 EPS, Q4 2027 earnings at $1.91 EPS, FY2027 earnings at $6.49 EPS, Q1 2028 earnings at $2.02 EPS, Q2 2028 earnings at $2.04 EPS and FY2028 earnings at $8.17 EPS.

A number of other analysts have also recently weighed in on the stock. Needham & Company LLC raised their target price on shares of Plexus from $206.00 to $285.00 and gave the stock a “buy” rating in a report on Friday, May 1st. Stifel Nicolaus set a $250.00 price target on Plexus and gave the company a “buy” rating in a report on Monday, April 20th. Raymond James Financial reiterated an “outperform” rating and set a $275.00 price objective on shares of Plexus in a research report on Thursday, April 30th. Williams Trading set a $195.00 target price on Plexus in a report on Wednesday, January 28th. Finally, Weiss Ratings raised Plexus from a “buy (b-)” rating to a “buy (b)” rating in a report on Monday, May 11th. Five equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $229.17.

Plexus Price Performance

NASDAQ:PLXS opened at $256.38 on Wednesday. The company has a quick ratio of 0.74, a current ratio of 1.54 and a debt-to-equity ratio of 0.06. The business’s 50-day moving average price is $228.85 and its 200 day moving average price is $189.62. Plexus has a 52-week low of $115.35 and a 52-week high of $275.83. The firm has a market cap of $6.86 billion, a P/E ratio of 37.48 and a beta of 0.88.

Plexus (NASDAQ:PLXS) last issued its quarterly earnings results on Wednesday, April 29th. The technology company reported $2.05 earnings per share for the quarter, beating analysts’ consensus estimates of $1.87 by $0.18. The company had revenue of $1.16 billion during the quarter, compared to the consensus estimate of $1.13 billion. Plexus had a net margin of 4.35% and a return on equity of 12.84%. Plexus’s revenue was up 18.7% on a year-over-year basis. During the same period in the prior year, the company earned $1.66 EPS. Plexus has set its Q3 2026 guidance at 2.020-2.180 EPS. As a group, sell-side analysts predict that Plexus will post 5.97 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, CEO Todd P. Kelsey sold 1,000 shares of the stock in a transaction dated Wednesday, May 6th. The stock was sold at an average price of $270.75, for a total value of $270,750.00. Following the completion of the sale, the chief executive officer directly owned 73,888 shares of the company’s stock, valued at approximately $20,005,176. This represents a 1.34% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Karen Marie Rapp sold 500 shares of the firm’s stock in a transaction dated Friday, February 27th. The stock was sold at an average price of $195.59, for a total value of $97,795.00. Following the sale, the director owned 8,535 shares of the company’s stock, valued at $1,669,360.65. The trade was a 5.53% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 18,471 shares of company stock worth $4,719,291. 1.78% of the stock is currently owned by corporate insiders.

Institutional Trading of Plexus

Several institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. increased its stake in Plexus by 0.6% in the 3rd quarter. Vanguard Group Inc. now owns 3,683,845 shares of the technology company’s stock valued at $533,016,000 after buying an additional 22,374 shares during the period. Dimensional Fund Advisors LP boosted its stake in shares of Plexus by 0.5% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,373,457 shares of the technology company’s stock valued at $201,903,000 after buying an additional 7,051 shares during the period. American Century Companies Inc. grew its holdings in shares of Plexus by 44.2% during the 3rd quarter. American Century Companies Inc. now owns 1,103,892 shares of the technology company’s stock valued at $159,722,000 after acquiring an additional 338,119 shares in the last quarter. State Street Corp grew its holdings in shares of Plexus by 2.3% during the 2nd quarter. State Street Corp now owns 1,059,501 shares of the technology company’s stock valued at $143,361,000 after acquiring an additional 24,115 shares in the last quarter. Finally, BNP PARIBAS ASSET MANAGEMENT Holding S.A. increased its stake in shares of Plexus by 4.0% in the third quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 915,296 shares of the technology company’s stock worth $132,434,000 after acquiring an additional 35,237 shares during the last quarter. 94.45% of the stock is currently owned by institutional investors and hedge funds.

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.