Plexus (NASDAQ:PLXS) Reaches New 12-Month High – Here’s Why

Shares of Plexus Corp. (NASDAQ:PLXS) reached a new 52-week high on Wednesday . The company traded as high as $175.66 and last traded at $175.6640, with a volume of 7213 shares. The stock had previously closed at $172.35.

Analysts Set New Price Targets

A number of research analysts have issued reports on the stock. Benchmark restated a “buy” rating and set a $165.00 target price on shares of Plexus in a research report on Friday, October 24th. Wall Street Zen cut shares of Plexus from a “buy” rating to a “hold” rating in a research report on Saturday, November 22nd. Stifel Nicolaus set a $150.00 target price on shares of Plexus in a research report on Friday, October 24th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Plexus in a research report on Wednesday, October 8th. Finally, Williams Trading set a $165.00 price objective on shares of Plexus in a research report on Monday, September 22nd. Two analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $159.00.

Plexus Stock Performance

The company has a debt-to-equity ratio of 0.06, a current ratio of 1.58 and a quick ratio of 0.77. The stock’s 50-day moving average price is $149.49 and its 200 day moving average price is $141.91. The firm has a market cap of $4.66 billion, a P/E ratio of 27.80 and a beta of 0.81.

Plexus (NASDAQ:PLXS) last announced its earnings results on Wednesday, October 22nd. The technology company reported $2.14 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.84 by $0.30. The company had revenue of $1.06 billion during the quarter, compared to analysts’ expectations of $1.05 billion. Plexus had a net margin of 4.29% and a return on equity of 12.77%. Plexus’s quarterly revenue was up .7% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.85 earnings per share. Plexus has set its Q1 2026 guidance at 1.660-1.810 EPS. As a group, equities analysts predict that Plexus Corp. will post 5.9 EPS for the current year.

Insider Activity at Plexus

In related news, CAO Angelo Michael Ninivaggi, Jr. sold 1,347 shares of Plexus stock in a transaction on Wednesday, November 26th. The stock was sold at an average price of $144.93, for a total transaction of $195,220.71. Following the completion of the sale, the chief accounting officer owned 21,544 shares of the company’s stock, valued at approximately $3,122,371.92. This trade represents a 5.88% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Patrick John Jermain sold 2,000 shares of the business’s stock in a transaction on Tuesday, November 11th. The stock was sold at an average price of $143.53, for a total transaction of $287,060.00. Following the completion of the sale, the chief financial officer directly owned 16,961 shares of the company’s stock, valued at $2,434,412.33. This represents a 10.55% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 11,672 shares of company stock valued at $1,668,190 over the last three months. Insiders own 1.78% of the company’s stock.

Hedge Funds Weigh In On Plexus

A number of hedge funds have recently added to or reduced their stakes in PLXS. Salomon & Ludwin LLC purchased a new stake in Plexus in the third quarter worth approximately $30,000. Allworth Financial LP grew its holdings in 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 in the last quarter. Huntington National Bank lifted its position in shares of Plexus by 41.5% in the second quarter. Huntington National Bank now owns 324 shares of the technology company’s stock worth $44,000 after buying an additional 95 shares in the last quarter. Johnson Financial Group Inc. purchased a new stake in Plexus during the third quarter valued at $72,000. Finally, CWM LLC lifted its holdings in shares of Plexus by 65.7% in the 2nd quarter. CWM LLC now owns 537 shares of the technology company’s stock valued at $73,000 after acquiring an additional 213 shares during the last quarter. 94.45% of the stock is currently 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.