Plexus (NASDAQ:PLXS) Stock Rating Upgraded by Wall Street Zen

Plexus (NASDAQ:PLXS) was upgraded by analysts at Wall Street Zen from a “buy” rating to a “strong-buy” rating in a research report issued on Saturday.

PLXS has been the topic of several other research reports. Benchmark raised their target price on Plexus from $160.00 to $165.00 and gave the company a “buy” rating in a research report on Monday, September 22nd. Sidoti upgraded Plexus from a “neutral” rating to a “buy” rating and raised their target price for the company from $135.00 to $150.00 in a research report on Friday, July 25th. Needham & Company LLC decreased their target price on Plexus from $162.00 to $158.00 and set a “buy” rating on the stock in a research report on Thursday, July 24th. Williams Trading set a $165.00 target price on Plexus in a research report on Monday, September 22nd. Finally, Weiss Ratings restated a “hold (c+)” rating on shares of Plexus in a research report on Wednesday, October 8th. Three analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $155.60.

Plexus Stock Down 9.2%

Shares of PLXS opened at $133.69 on Friday. The company has a current ratio of 1.58, a quick ratio of 0.74 and a debt-to-equity ratio of 0.06. Plexus has a 12 month low of $103.43 and a 12 month high of $172.89. The stock’s 50 day moving average is $137.81 and its two-hundred day moving average is $132.20. The firm has a market cap of $3.61 billion, a P/E ratio of 22.78 and a beta of 0.80.

Plexus (NASDAQ:PLXS) last issued its quarterly earnings data on Wednesday, July 23rd. The technology company reported $1.90 EPS for the quarter, beating the consensus estimate of $1.71 by $0.19. Plexus had a return on equity of 12.33% and a net margin of 4.04%.The company had revenue of $1.02 billion for the quarter, compared to analyst estimates of $1.02 billion. During the same period last year, the company earned $1.45 earnings per share. Plexus’s quarterly revenue was up 6.0% compared to the same quarter last year. Plexus has set its Q4 2025 guidance at 1.820-1.970 EPS. Analysts predict that Plexus will post 5.9 earnings per share for the current fiscal year.

Insider Activity

In related news, CEO Todd P. Kelsey sold 1,500 shares of Plexus stock in a transaction that occurred on Wednesday, October 1st. The stock was sold at an average price of $143.70, for a total transaction of $215,550.00. Following the transaction, the chief executive officer owned 69,214 shares in the company, valued at approximately $9,946,051.80. This trade represents a 2.12% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Victor (Pang Hau) Tan sold 3,000 shares of Plexus stock in a transaction that occurred on Thursday, August 28th. The stock was sold at an average price of $139.00, for a total value of $417,000.00. Following the transaction, the insider owned 8,723 shares in the company, valued at approximately $1,212,497. The trade was a 25.59% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 15,856 shares of company stock valued at $2,142,440 in the last 90 days. 1.76% of the stock is owned by insiders.

Institutional Investors Weigh In On Plexus

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Wedge Capital Management L L P NC increased its stake in Plexus by 36.6% during the third quarter. Wedge Capital Management L L P NC now owns 27,600 shares of the technology company’s stock worth $3,993,000 after acquiring an additional 7,393 shares during the last quarter. Congress Asset Management Co. increased its stake in Plexus by 0.5% during the third quarter. Congress Asset Management Co. now owns 16,245 shares of the technology company’s stock worth $2,350,000 after acquiring an additional 88 shares during the last quarter. Sendero Wealth Management LLC increased its stake in Plexus by 49.1% during the third quarter. Sendero Wealth Management LLC now owns 8,166 shares of the technology company’s stock worth $1,182,000 after acquiring an additional 2,688 shares during the last quarter. Corient Private Wealth LLC acquired a new stake in Plexus during the second quarter worth $210,000. Finally, Texas Permanent School Fund Corp increased its stake in Plexus by 3.8% during the second quarter. Texas Permanent School Fund Corp now owns 12,875 shares of the technology company’s stock worth $1,742,000 after acquiring an additional 470 shares during the last quarter. Institutional investors and hedge funds own 94.45% of the company’s stock.

About Plexus

Plexus Corp. provides electronic manufacturing services in the United States and internationally. It offers design, develop, supply chain, new product introduction, and manufacturing solutions, as well as sustaining services to companies in the healthcare/life sciences, industrial/commercial, aerospace/defense, and communications market sectors.