Plexus (NASDAQ:PLXS) Sets New 52-Week High – Here’s Why

Shares of Plexus Corp. (NASDAQ:PLXS) hit a new 52-week high during trading on Wednesday . The company traded as high as $208.92 and last traded at $203.78, with a volume of 467844 shares trading hands. The stock had previously closed at $204.96.

Wall Street Analysts Forecast Growth

PLXS has been the topic of a number of research reports. Wall Street Zen cut Plexus from a “buy” rating to a “hold” rating in a research report on Saturday, November 22nd. Williams Trading set a $195.00 target price on Plexus in a research report on Wednesday, January 28th. Sidoti downgraded shares of Plexus from a “buy” rating to a “neutral” rating and set a $150.00 price target for the company. in a report on Friday, October 24th. Stifel Nicolaus increased their price objective on shares of Plexus from $150.00 to $200.00 and gave the stock a “hold” rating in a report on Friday. Finally, 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 research report on Friday, January 30th. Two equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $189.20.

Plexus Stock Performance

The company has a market cap of $5.45 billion, a P/E ratio of 31.69 and a beta of 0.81. The company has a quick ratio of 0.75, a current ratio of 1.59 and a debt-to-equity ratio of 0.06. The company has a 50 day moving average price of $162.53 and a 200-day moving average price of $146.96.

Plexus (NASDAQ:PLXS) last released its earnings results on Wednesday, January 28th. The technology company reported $1.78 EPS for the quarter, beating the consensus estimate of $1.77 by $0.01. The firm had revenue of $1.07 billion for the quarter, compared to analysts’ expectations of $1.07 billion. Plexus had a net margin of 4.28% and a return on equity of 12.39%. Plexus’s quarterly revenue was up 9.6% on a year-over-year basis. During the same quarter last year, the company earned $1.73 EPS. Plexus has set its Q2 2026 guidance at 1.800-1.950 EPS. Equities analysts expect that Plexus Corp. will post 5.9 EPS for the current fiscal year.

Insider Activity

In other news, COO Oliver K. Mihm sold 2,327 shares of Plexus stock in a transaction on Tuesday, November 25th. The stock was sold at an average price of $143.18, for a total transaction of $333,179.86. Following the transaction, the chief operating officer directly owned 18,442 shares in the company, valued at approximately $2,640,525.56. This trade represents a 11.20% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Patrick John Jermain sold 4,841 shares of the business’s stock in a transaction on Tuesday, February 3rd. The stock was sold at an average price of $204.01, for a total value of $987,612.41. Following the completion of the sale, the chief financial officer directly owned 20,469 shares in the company, valued at $4,175,880.69. This represents a 19.13% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 20,061 shares of company stock worth $3,734,442 in the last quarter. 1.78% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Plexus

Several large investors have recently made changes to their positions in PLXS. Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its position in Plexus by 7.5% in the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 6,955 shares of the technology company’s stock worth $941,000 after buying an additional 484 shares during the last quarter. Massachusetts Financial Services Co. MA lifted its position in shares of Plexus by 23.3% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 240,192 shares of the technology company’s stock valued at $34,753,000 after acquiring an additional 45,425 shares during the last quarter. Wedge Capital Management L L P NC boosted its stake in shares of Plexus by 36.6% during the 3rd quarter. Wedge Capital Management L L P NC now owns 27,600 shares of the technology company’s stock worth $3,993,000 after acquiring an additional 7,393 shares in the last quarter. Capital Fund Management S.A. grew its holdings in shares of Plexus by 28.4% in the 2nd quarter. Capital Fund Management S.A. now owns 41,043 shares of the technology company’s stock worth $5,554,000 after acquiring an additional 9,076 shares during the last quarter. Finally, Nicola Wealth Management LTD. acquired a new stake in shares of Plexus during the third quarter worth $6,655,000. Institutional investors own 94.45% of the company’s stock.

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.