Plexus’ (PLXS) “Buy” Rating Reiterated at Benchmark

Plexus (NASDAQ:PLXS)‘s stock had its “buy” rating reaffirmed by stock analysts at Benchmark in a report issued on Monday,Benzinga reports. They presently have a $220.00 price target on the technology company’s stock. Benchmark’s price target would indicate a potential upside of 11.25% from the company’s previous close.

A number of other equities analysts also recently weighed in on the stock. Weiss Ratings raised shares of Plexus from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday, March 6th. Stifel Nicolaus boosted their price objective on shares of Plexus from $150.00 to $200.00 and gave the company a “hold” rating in a research note on Friday, January 30th. Zacks Research upgraded Plexus from a “hold” rating to a “strong-buy” rating in a report on Friday, February 6th. Wall Street Zen lowered Plexus from a “buy” rating to a “hold” rating in a research report on Sunday, March 8th. Finally, Williams Trading set a $195.00 target price on Plexus in a report on Wednesday, January 28th. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $194.20.

Plexus Trading Up 3.7%

Shares of NASDAQ PLXS traded up $7.00 on Monday, reaching $197.74. 74,273 shares of the company traded hands, compared to its average volume of 335,359. Plexus has a fifty-two week low of $103.43 and a fifty-two week high of $211.84. The company has a 50 day moving average of $188.27 and a 200 day moving average of $160.20. The company has a current ratio of 1.59, a quick ratio of 0.75 and a debt-to-equity ratio of 0.06. The stock has a market capitalization of $5.30 billion, a PE ratio of 30.64 and a beta of 0.81.

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

Insiders Place Their Bets

In other Plexus news, COO Oliver K. Mihm sold 9,541 shares of the firm’s stock in a transaction on Wednesday, February 18th. The shares were sold at an average price of $201.40, for a total transaction of $1,921,557.40. Following the completion of the transaction, the chief operating officer directly owned 12,809 shares of the company’s stock, valued at $2,579,732.60. This trade represents a 42.69% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Todd P. Kelsey sold 5,231 shares of the business’s stock in a transaction dated Wednesday, February 18th. The stock was sold at an average price of $195.78, for a total transaction of $1,024,125.18. Following the completion of the sale, the chief executive officer directly owned 83,291 shares of the company’s stock, valued at $16,306,711.98. The trade was a 5.91% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 47,995 shares of company stock valued at $9,718,476. 1.78% of the stock is owned by insiders.

Hedge Funds Weigh In On Plexus

Several large investors have recently modified their holdings of the stock. Vanguard Group Inc. increased its holdings in Plexus by 0.6% in the third quarter. Vanguard Group Inc. now owns 3,683,845 shares of the technology company’s stock valued at $533,016,000 after buying an additional 22,374 shares during the last quarter. Dimensional Fund Advisors LP grew its position in shares of Plexus by 0.5% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,373,457 shares of the technology company’s stock worth $201,903,000 after acquiring an additional 7,051 shares in the last quarter. American Century Companies Inc. grew its position in shares of Plexus by 44.2% in the 3rd quarter. American Century Companies Inc. now owns 1,103,892 shares of the technology company’s stock worth $159,722,000 after acquiring an additional 338,119 shares in the last quarter. State Street Corp increased its holdings in shares of Plexus by 2.3% in the 2nd quarter. State Street Corp now owns 1,059,501 shares of the technology company’s stock valued at $143,361,000 after acquiring an additional 24,115 shares during the last quarter. Finally, BNP PARIBAS ASSET MANAGEMENT Holding S.A. increased its holdings in shares of Plexus by 4.0% in the 3rd quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 915,296 shares of the technology company’s stock valued at $132,434,000 after acquiring an additional 35,237 shares during the last quarter. 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.