Plexus (NASDAQ:PLXS) Hits New 52-Week High – Should You Buy?

Plexus Corp. (NASDAQ:PLXS)’s share price hit a new 52-week high on Friday . The company traded as high as $299.00 and last traded at $291.1050, with a volume of 5986 shares trading hands. The stock had previously closed at $275.51.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on PLXS. Zacks Research cut Plexus from a “hold” rating to a “strong sell” rating in a report on Wednesday, May 20th. Stifel Nicolaus set a $280.00 target price on Plexus in a research report on Tuesday, May 26th. Raymond James Financial reaffirmed an “outperform” rating and issued a $275.00 price target on shares of Plexus in a research note on Thursday, April 30th. Needham & Company LLC boosted their price target on 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 Plexus from a “hold” rating to a “buy” rating in a research note on Saturday, May 2nd. Five investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $238.33.

Plexus Stock Performance

The company has a market cap of $7.79 billion, a PE ratio of 42.63 and a beta of 0.89. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.74 and a current ratio of 1.54. The firm’s 50 day moving average is $251.77 and its 200-day moving average is $203.82.

Plexus (NASDAQ:PLXS) last released its earnings results on Wednesday, April 29th. The technology company reported $2.05 earnings per share for the quarter, topping analysts’ consensus estimates of $1.87 by $0.18. The business had revenue of $1.16 billion for the quarter, compared to analyst estimates of $1.13 billion. Plexus had a net margin of 4.35% and a return on equity of 12.84%. The business’s revenue was up 18.7% on a year-over-year basis. During the same period last year, the company posted $1.66 EPS. Plexus has set its Q3 2026 guidance at 2.020-2.180 EPS. On average, research analysts anticipate that Plexus Corp. will post 5.98 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Plexus news, EVP Angelo Michael Ninivaggi, Jr. sold 3,270 shares of the company’s stock in a transaction 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 sale, the executive vice president directly owned 16,266 shares in the company, valued at $4,306,423.50. This represents a 16.74% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Victor (Pang Hau) Tan sold 3,000 shares of the firm’s stock in a transaction on Monday, May 11th. The stock was sold at an average price of $271.23, for a total value of $813,690.00. Following the completion of the sale, the insider directly owned 10,457 shares of the company’s stock, valued at $2,836,252.11. This trade represents a 22.29% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 21,981 shares of company stock worth $5,704,208. 1.78% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Plexus

A number of institutional investors have recently bought and sold shares of PLXS. Covestor Ltd grew its stake 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 buying an additional 162 shares during the period. Allworth Financial LP raised its position in shares of Plexus by 70.1% during the 3rd quarter. Allworth Financial LP now owns 250 shares of the technology company’s stock valued at $36,000 after buying an additional 103 shares during the period. Johnson Financial Group Inc. acquired a new position in Plexus in the third quarter valued at approximately $72,000. Farther Finance Advisors LLC lifted 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 valued at $75,000 after acquiring an additional 273 shares during the last quarter. Finally, EverSource Wealth Advisors LLC grew its position in Plexus by 583.3% in the second quarter. EverSource Wealth Advisors LLC now owns 574 shares of the technology company’s stock worth $78,000 after acquiring an additional 490 shares during the period. 94.45% of the stock is owned by hedge funds and other institutional investors.

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.