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

Plexus Corp. (NASDAQ:PLXS) has been given an average recommendation of “Moderate Buy” by the seven research firms that are presently covering the firm, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating, one has given a hold rating and five have assigned a buy rating to the company. The average 1 year price objective among analysts that have issued ratings on the stock in the last year is $238.3333.

A number of equities research analysts recently issued reports on PLXS shares. Raymond James Financial reissued an “outperform” rating and issued a $275.00 price objective on shares of Plexus in a report on Thursday, April 30th. Benchmark reiterated a “buy” rating and issued a $220.00 target price on shares of Plexus in a report on Monday, March 16th. Weiss Ratings cut shares of Plexus from a “buy (b)” rating to a “buy (b-)” rating in a research note on Thursday, June 11th. Needham & Company LLC raised their price target on shares of Plexus from $285.00 to $310.00 and gave the stock a “buy” rating in a report on Monday, June 1st. Finally, Stifel Nicolaus set a $280.00 price target on shares of Plexus in a research report on Tuesday, May 26th.

Insiders Place Their Bets

In other Plexus news, insider Victor (Pang Hau) Tan sold 3,000 shares of Plexus 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 sale, the insider owned 10,457 shares in the company, valued at $2,836,252.11. The trade was a 22.29% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Michael J. Running sold 510 shares of the stock in a transaction on Friday, June 5th. The stock was sold at an average price of $272.17, for a total value of $138,806.70. Following the transaction, the insider owned 665 shares of the company’s stock, valued at approximately $180,993.05. This represents a 43.40% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 21,981 shares of company stock worth $5,855,318 in the last three months. 1.78% of the stock is owned by insiders.

Institutional Investors Weigh In On Plexus

Institutional investors have recently made changes to their positions in the stock. Glenmede Trust Co. NA raised its stake in shares of Plexus by 14.3% in the 1st quarter. Glenmede Trust Co. NA now owns 2,329 shares of the technology company’s stock valued at $472,000 after acquiring an additional 292 shares during the period. Bank of America Corp DE boosted its position in shares of Plexus by 0.3% during the 1st quarter. Bank of America Corp DE now owns 175,832 shares of the technology company’s stock worth $35,613,000 after purchasing an additional 573 shares during the period. Intrinsic Edge Capital Management LLC acquired a new stake in Plexus in the 1st quarter valued at approximately $4,253,000. Smith Group Asset Management LLC raised its position in Plexus by 9.3% in the first quarter. Smith Group Asset Management LLC now owns 4,830 shares of the technology company’s stock valued at $978,000 after purchasing an additional 409 shares during the period. Finally, Amundi raised its position in Plexus by 143.0% in the first quarter. Amundi now owns 31,294 shares of the technology company’s stock valued at $6,338,000 after purchasing an additional 18,418 shares during the period. 94.45% of the stock is currently owned by institutional investors and hedge funds.

Plexus Price Performance

PLXS stock opened at $299.97 on Monday. Plexus has a 1 year low of $115.35 and a 1 year high of $304.90. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.54 and a quick ratio of 0.74. The firm has a market capitalization of $8.03 billion, a PE ratio of 43.86 and a beta of 0.89. The business has a 50 day simple moving average of $262.19 and a 200-day simple moving average of $210.31.

Plexus (NASDAQ:PLXS) last released its quarterly earnings data 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 company had revenue of $1.16 billion for the quarter, compared to analyst estimates of $1.13 billion. Plexus had a return on equity of 12.84% and a net margin of 4.35%.The firm’s revenue for the quarter was up 18.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.66 earnings per share. Plexus has set its Q3 2026 guidance at 2.020-2.180 EPS. Equities research analysts anticipate that Plexus will post 5.98 earnings per share for the current fiscal year.

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.