Plexus Corp. (NASDAQ:PLXS) Receives Average Recommendation of “Buy” from Brokerages

Shares of Plexus Corp. (NASDAQ:PLXS) have received a consensus recommendation of “Buy” from the eight ratings firms that are covering the stock, Marketbeat.com reports. One research analyst has rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating on the company. The average 1 year price target among brokerages that have covered the stock in the last year is $276.86.

A number of equities research analysts have recently weighed in on PLXS shares. Sidoti raised Plexus from a “neutral” rating to a “buy” rating and set a $308.00 price target for the company in a research note on Friday, July 31st. Weiss Ratings cut Plexus from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Wednesday, September 9th. KeyCorp upgraded Plexus from a “sector weight” rating to an “overweight” rating and set a $300.00 price objective on the stock in a report on Monday, September 21st. Wall Street Zen lowered shares of Plexus from a “buy” rating to a “hold” rating in a research report on Saturday. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $310.00 target price on shares of Plexus in a research note on Friday, August 14th.

Insider Transactions at Plexus

In other news, Director Karen Rapp sold 500 shares of the firm’s stock in a transaction on Monday, August 31st. The shares were sold at an average price of $240.87, for a total transaction of $120,435.00. Following the transaction, the director owned 7,535 shares in the company, valued at approximately $1,814,955.45. This trade represents a 6.22% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Michael V. Schrock sold 4,000 shares of Plexus stock in a transaction on Tuesday, August 11th. The shares were sold at an average price of $275.00, for a total transaction of $1,100,000.00. Following the completion of the sale, the director directly owned 40,329 shares of the company’s stock, valued at approximately $11,090,475. The trade was a 9.02% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 7,500 shares of company stock worth $1,960,520 in the last 90 days. 1.78% of the stock is owned by insiders.

Institutional Trading of Plexus

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Mitsubishi UFJ Asset Management Co. Ltd. acquired a new position in shares of Plexus during the 2nd quarter valued at about $32,000. Kilter Group LLC acquired a new stake in Plexus in the 2nd quarter worth approximately $40,000. Integrated Wealth Concepts LLC acquired a new stake in Plexus in the 2nd quarter worth approximately $51,000. Persistent Asset Partners Ltd bought a new stake in Plexus during the second quarter worth approximately $71,000. Finally, Covestor Ltd boosted its position in Plexus by 207.7% during the fourth quarter. Covestor Ltd now owns 240 shares of the technology company’s stock worth $35,000 after purchasing an additional 162 shares during the period. Institutional investors and hedge funds own 94.45% of the company’s stock.

Plexus Trading Up 0.4%

Plexus stock opened at $266.13 on Wednesday. The company’s fifty day simple moving average is $253.37 and its 200-day simple moving average is $252.37. The company has a quick ratio of 0.72, a current ratio of 1.49 and a debt-to-equity ratio of 0.06. Plexus has a 12 month low of $132.03 and a 12 month high of $307.06. The stock has a market cap of $7.12 billion, a P/E ratio of 39.25 and a beta of 0.89.

Plexus (NASDAQ:PLXS) last posted its quarterly earnings results on Wednesday, July 29th. The technology company reported $2.32 earnings per share for the quarter, topping analysts’ consensus estimates of $2.13 by $0.19. The business had revenue of $1.30 billion for the quarter, compared to the consensus estimate of $1.23 billion. Plexus had a net margin of 4.03% and a return on equity of 12.46%. Plexus’s revenue for the quarter was up 28.2% compared to the same quarter last year. During the same period in the prior year, the business posted $1.64 earnings per share. Plexus has set its Q4 2026 guidance at 2.470-2.630 EPS. As a group, sell-side analysts forecast that Plexus will post 7.13 EPS for the current fiscal year.

About Plexus

Plexus Corp. is a global electronics manufacturing services company that designs, manufactures and services products for original equipment manufacturers. The company supports customers across the product life cycle, from product development and engineering to supply chain management, assembly, testing, fulfillment and aftermarket services.

Plexus provides solutions for industries including healthcare and life sciences, industrial and commercial, aerospace and defense, and communications.