Plexus (NASDAQ:PLXS) Reaches New 1-Year High – Here’s What Happened

Plexus Corp. (NASDAQ:PLXS) reached a new 52-week high during mid-day trading on Tuesday . The company traded as high as $213.62 and last traded at $214.2350, with a volume of 173898 shares trading hands. The stock had previously closed at $202.79.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on PLXS. Needham & Company LLC lifted their price objective on shares of Plexus from $165.00 to $206.00 and gave the company a “buy” rating in a report on Friday, January 30th. Stifel Nicolaus increased their target price on Plexus from $150.00 to $200.00 and gave the company a “hold” rating in a research report on Friday, January 30th. Williams Trading set a $195.00 price target on Plexus in a research report on Wednesday, January 28th. Weiss Ratings upgraded Plexus from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday, March 6th. Finally, Zacks Research raised Plexus from a “hold” rating to a “strong-buy” rating in a research report on Friday, February 6th. One equities 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’s stock. According to data from MarketBeat.com, Plexus currently has an average rating of “Moderate Buy” and a consensus target price of $194.20.

Plexus Price Performance

The company has a market cap of $5.73 billion, a PE ratio of 33.09 and a beta of 0.81. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.59 and a quick ratio of 0.75. The stock’s 50-day moving average is $194.86 and its 200 day moving average is $163.66.

Plexus (NASDAQ:PLXS) last released its quarterly earnings results on Wednesday, January 28th. The technology company reported $1.78 earnings per share (EPS) for the quarter, topping 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 for the quarter, compared to analyst estimates of $1.07 billion. During the same period in the previous year, the company earned $1.73 earnings per share. The business’s revenue for the quarter was up 9.6% on a year-over-year basis. Plexus has set its Q2 2026 guidance at 1.800-1.950 EPS. On average, equities analysts anticipate that Plexus Corp. will post 5.9 earnings per share for the current fiscal year.

Insider Activity at Plexus

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 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 ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Chairman Dean A. Foate sold 5,000 shares of the company’s stock in a transaction dated 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 transaction, the chairman owned 15,000 shares in the company, valued at approximately $3,073,350. This trade represents a 25.00% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 49,495 shares of company stock worth $10,009,836 over the last ninety days. Corporate insiders own 1.78% of the company’s stock.

Institutional Trading of Plexus

Large investors have recently bought and sold shares of the stock. AQR Capital Management LLC raised its holdings in shares of Plexus by 103.1% in the first quarter. AQR Capital Management LLC now owns 8,384 shares of the technology company’s stock worth $1,074,000 after buying an additional 4,255 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in shares of Plexus by 4.6% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 15,971 shares of the technology company’s stock valued at $2,046,000 after acquiring an additional 705 shares during the period. United Services Automobile Association acquired a new position in shares of Plexus in the 1st quarter valued at $218,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake in Plexus by 12.9% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 79,584 shares of the technology company’s stock worth $10,197,000 after acquiring an additional 9,078 shares during the last quarter. Finally, Cetera Investment Advisers purchased a new position in Plexus in the 2nd quarter worth $309,000. Hedge funds and other institutional investors own 94.45% of the company’s stock.

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.