Brokerages Set Plexus Corp. (NASDAQ:PLXS) Target Price at $159.00

Shares of Plexus Corp. (NASDAQ:PLXS) have received a consensus recommendation of “Hold” from the five brokerages that are presently covering the company, Marketbeat reports. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is $159.00.

PLXS has been the topic of a number of recent research reports. Needham & Company LLC upped their target price on Plexus from $158.00 to $165.00 and gave the company a “buy” rating in a research report on Thursday, October 23rd. Benchmark restated a “buy” rating and set a $165.00 price objective on shares of Plexus in a research note on Friday, October 24th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Plexus in a research note on Wednesday, October 8th. Stifel Nicolaus set a $150.00 target price on shares of Plexus in a report on Friday, October 24th. Finally, Sidoti lowered shares of Plexus from a “buy” rating to a “neutral” rating and set a $150.00 price target on the stock. in a report on Friday, October 24th.

Plexus Trading Up 0.9%

Shares of NASDAQ:PLXS opened at $181.30 on Friday. The business’s 50-day moving average is $151.57 and its 200 day moving average is $142.79. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.58 and a quick ratio of 0.77. Plexus has a 1 year low of $103.43 and a 1 year high of $186.47. The firm has a market capitalization of $4.85 billion, a P/E ratio of 28.96 and a beta of 0.81.

Plexus (NASDAQ:PLXS) last released its earnings results on Wednesday, October 22nd. The technology company reported $2.14 earnings per share for the quarter, topping the consensus estimate of $1.84 by $0.30. Plexus had a net margin of 4.29% and a return on equity of 12.77%. The company had revenue of $1.06 billion for the quarter, compared to the consensus estimate of $1.05 billion. During the same quarter in the previous year, the firm earned $1.85 EPS. Plexus’s revenue was up .7% compared to the same quarter last year. Plexus has set its Q1 2026 guidance at 1.660-1.810 EPS. On average, research analysts predict that Plexus will post 5.9 earnings per share for the current fiscal year.

Insider Transactions at Plexus

In related news, Director Karen Marie Rapp sold 500 shares of the firm’s stock in a transaction dated Friday, November 28th. The stock was sold at an average price of $143.47, for a total transaction of $71,735.00. Following the sale, the director directly owned 7,665 shares of the company’s stock, valued at $1,099,697.55. This trade represents a 6.12% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CAO Angelo Michael Ninivaggi, Jr. sold 1,347 shares of Plexus stock in a transaction that occurred on Wednesday, November 26th. The shares were sold at an average price of $144.93, for a total value of $195,220.71. Following the transaction, the chief accounting officer owned 21,544 shares of the company’s stock, valued at approximately $3,122,371.92. This represents a 5.88% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have sold 11,672 shares of company stock valued at $1,668,190. 1.78% of the stock is owned by insiders.

Institutional Trading of Plexus

Hedge funds have recently added to or reduced their stakes in the company. Uncommon Cents Investing LLC grew its position in shares of Plexus by 0.8% in the fourth quarter. Uncommon Cents Investing LLC now owns 9,925 shares of the technology company’s stock valued at $1,459,000 after purchasing an additional 75 shares during the period. Congress Asset Management Co. lifted its stake in Plexus by 0.5% in the 3rd quarter. Congress Asset Management Co. now owns 16,245 shares of the technology company’s stock valued at $2,350,000 after buying an additional 88 shares in the last quarter. Huntington National Bank boosted its holdings in Plexus by 41.5% in the 2nd quarter. Huntington National Bank now owns 324 shares of the technology company’s stock worth $44,000 after buying an additional 95 shares during the last quarter. Nisa Investment Advisors LLC increased its stake in Plexus by 0.8% during the 3rd quarter. Nisa Investment Advisors LLC now owns 12,879 shares of the technology company’s stock worth $1,863,000 after buying an additional 99 shares in the last quarter. Finally, Strs Ohio raised its holdings in shares of Plexus by 1.2% during the third quarter. Strs Ohio now owns 8,500 shares of the technology company’s stock valued at $1,230,000 after acquiring an additional 100 shares during the last quarter. 94.45% of the stock is owned by hedge funds and other institutional investors.

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.