Plexus (NASDAQ:PLXS) Price Target Raised to $330.00

Plexus (NASDAQ:PLXS) had its price target upped by investment analysts at Stifel Nicolaus from $280.00 to $330.00 in a report released on Monday,Benzinga reports. The brokerage currently has a “buy” rating on the technology company’s stock. Stifel Nicolaus’ price target suggests a potential upside of 10.01% from the company’s current price.

A number of other research firms also recently weighed in on PLXS. Zacks Research downgraded Plexus from a “hold” rating to a “strong sell” rating in a research report on Wednesday, May 20th. Weiss Ratings downgraded shares of Plexus from a “buy (b)” rating to a “buy (b-)” rating in a report on Thursday, June 11th. Wall Street Zen raised shares of Plexus from a “hold” rating to a “buy” rating in a research report on Saturday, May 2nd. Raymond James Financial restated an “outperform” rating and set a $275.00 target price on shares of Plexus in a report on Thursday, April 30th. Finally, Benchmark reaffirmed a “buy” rating and issued a $220.00 target price on shares of Plexus in a research report on Monday, March 16th. Five analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, Plexus has a consensus rating of “Moderate Buy” and a consensus price target of $246.67.

Plexus Stock Performance

Shares of Plexus stock opened at $299.97 on Monday. The firm has a market cap of $8.03 billion, a price-to-earnings ratio of 43.86 and a beta of 0.89. The stock’s 50-day moving average is $262.19 and its 200-day moving average is $210.31. Plexus has a one year low of $115.35 and a one year high of $304.90. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.54 and a quick ratio of 0.74.

Plexus (NASDAQ:PLXS) last posted its quarterly earnings data on Wednesday, April 29th. The technology company reported $2.05 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.87 by $0.18. The business had revenue of $1.16 billion during the quarter, compared to the consensus estimate of $1.13 billion. Plexus had a return on equity of 12.84% and a net margin of 4.35%.Plexus’s quarterly revenue was up 18.7% on a year-over-year basis. During the same period last year, the company earned $1.66 earnings per share. Plexus has set its Q3 2026 guidance at 2.020-2.180 EPS. Equities analysts predict that Plexus will post 5.98 earnings per share for the current fiscal year.

Insider Activity at Plexus

In other Plexus news, EVP Angelo Michael Ninivaggi, Jr. sold 3,270 shares of the business’s stock in a transaction that occurred on Friday, May 8th. The stock was sold at an average price of $264.75, for a total transaction of $865,732.50. Following the transaction, the executive vice president owned 16,266 shares of the company’s stock, valued at $4,306,423.50. The trade was a 16.74% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Todd P. Kelsey sold 3,000 shares of the company’s stock in a transaction that occurred on Tuesday, May 5th. The stock was sold at an average price of $268.45, for a total value of $805,350.00. Following the sale, the chief executive officer owned 74,888 shares in the company, valued at approximately $20,103,683.60. This represents a 3.85% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 21,981 shares of company stock valued at $5,855,318. Insiders own 1.78% of the company’s stock.

Hedge Funds Weigh In On Plexus

Hedge funds and other institutional investors have recently made changes to their positions in the company. Glenmede Trust Co. NA increased its holdings in Plexus by 14.3% during the first quarter. Glenmede Trust Co. NA now owns 2,329 shares of the technology company’s stock worth $472,000 after buying an additional 292 shares during the last quarter. Bank of America Corp DE lifted its stake in Plexus by 0.3% in the first quarter. Bank of America Corp DE now owns 175,832 shares of the technology company’s stock valued at $35,613,000 after acquiring an additional 573 shares during the last quarter. Intrinsic Edge Capital Management LLC bought a new position in shares of Plexus in the 1st quarter valued at about $4,253,000. Smith Group Asset Management LLC grew its position in shares of Plexus by 9.3% in the 1st quarter. Smith Group Asset Management LLC now owns 4,830 shares of the technology company’s stock valued at $978,000 after acquiring an additional 409 shares during the period. Finally, Amundi grew its position in shares of Plexus by 143.0% in the 1st quarter. Amundi now owns 31,294 shares of the technology company’s stock valued at $6,338,000 after acquiring an additional 18,418 shares during the period. 94.45% of the stock is owned by 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.