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

Plexus Corp. (NASDAQ:PLXS) has been assigned a consensus rating of “Moderate Buy” from the seven analysts that are presently covering the firm, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation, one has issued a hold recommendation and five have issued a buy recommendation on the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is $234.1667.

Several equities research analysts have recently commented on the company. Benchmark restated a “buy” rating and set a $220.00 price objective on shares of Plexus in a report on Monday, March 16th. Wall Street Zen upgraded Plexus from a “hold” rating to a “buy” rating in a report on Saturday, May 2nd. Williams Trading set a $195.00 price objective on Plexus in a report on Wednesday, January 28th. Zacks Research downgraded Plexus from a “hold” rating to a “strong sell” rating in a report on Wednesday, May 20th. Finally, Weiss Ratings upgraded shares of Plexus from a “buy (b-)” rating to a “buy (b)” rating in a report on Monday, May 11th.

Insider Buying and Selling at Plexus

In other news, CEO Todd P. Kelsey sold 3,000 shares of Plexus stock in a transaction dated Tuesday, May 5th. The shares were sold at an average price of $268.45, for a total transaction of $805,350.00. Following the completion of the transaction, the chief executive officer directly owned 74,888 shares in the company, valued at $20,103,683.60. This trade represents a 3.85% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Karen Marie Rapp sold 500 shares of Plexus stock in a transaction dated Friday, February 27th. The shares were sold at an average price of $195.59, for a total transaction of $97,795.00. Following the transaction, the director owned 8,535 shares of the company’s stock, valued at $1,669,360.65. This represents a 5.53% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 19,971 shares of company stock valued at $5,098,446 over the last three months. Corporate insiders own 1.78% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. AQR Capital Management LLC raised its holdings in shares of Plexus by 103.1% in the first quarter. AQR Capital Management LLC now owns 8,384 shares of the technology company’s stock valued at $1,074,000 after purchasing an additional 4,255 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of Plexus by 4.6% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 15,971 shares of the technology company’s stock worth $2,046,000 after purchasing an additional 705 shares during the period. United Services Automobile Association bought a new stake in shares of Plexus in the 1st quarter worth approximately $218,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in Plexus by 12.9% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 79,584 shares of the technology company’s stock worth $10,197,000 after acquiring an additional 9,078 shares during the last quarter. Finally, Cetera Investment Advisers purchased a new stake in Plexus in the 2nd quarter worth about $309,000. Institutional investors own 94.45% of the company’s stock.

Plexus Price Performance

Shares of NASDAQ PLXS opened at $268.26 on Thursday. The firm’s 50-day moving average price is $234.90 and its 200-day moving average price is $193.15. Plexus has a 1-year low of $115.35 and a 1-year high of $275.83. The firm has a market capitalization of $7.18 billion, a P/E ratio of 39.22 and a beta of 0.88. The company has a current ratio of 1.54, a quick ratio of 0.74 and a debt-to-equity ratio of 0.06.

Plexus (NASDAQ:PLXS) last announced its quarterly earnings data on Wednesday, April 29th. The technology company reported $2.05 earnings per share for the quarter, beating the consensus estimate of $1.87 by $0.18. Plexus had a net margin of 4.35% and a return on equity of 12.84%. The firm had revenue of $1.16 billion for the quarter, compared to analyst estimates of $1.13 billion. During the same quarter in the prior year, the business earned $1.66 earnings per share. The business’s quarterly revenue was up 18.7% compared to the same quarter last year. 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.

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.