Brokerages Set Plexus Corp. (NASDAQ:PLXS) PT at $273.00

Plexus Corp. (NASDAQ:PLXS) has been assigned an average recommendation of “Buy” from the seven brokerages that are presently covering the stock, MarketBeat reports. Six analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is $273.00.

Several research firms have weighed in on PLXS. Weiss Ratings lowered Plexus from a “buy (b)” rating to a “buy (b-)” rating in a report on Tuesday, August 11th. Stifel Nicolaus raised their price target on Plexus from $280.00 to $330.00 and gave the stock a “buy” rating in a research report on Monday, June 22nd. Needham & Company LLC reiterated a “buy” rating and set a $310.00 price objective on shares of Plexus in a report on Friday, August 14th. Sidoti upgraded Plexus from a “neutral” rating to a “buy” rating and set a $308.00 price objective for the company in a research report on Friday, July 31st. Finally, Zacks Research raised Plexus from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, August 11th.

Plexus Trading Down 0.6%

Shares of NASDAQ PLXS opened at $239.47 on Friday. Plexus has a fifty-two week low of $132.03 and a fifty-two week high of $307.06. The firm has a market capitalization of $6.41 billion, a P/E ratio of 35.32 and a beta of 0.90. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.49 and a quick ratio of 0.72. The company’s 50 day simple moving average is $262.34 and its 200 day simple moving average is $244.46.

Plexus (NASDAQ:PLXS) last posted its earnings results on Wednesday, July 29th. The technology company reported $2.32 earnings per share for the quarter, topping the consensus estimate of $2.13 by $0.19. Plexus had a net margin of 4.03% and a return on equity of 12.46%. The company had revenue of $1.30 billion for the quarter, compared to analyst estimates of $1.23 billion. During the same period last year, the business posted $1.64 earnings per share. The business’s revenue for the quarter was up 28.2% compared to the same quarter last year. Plexus has set its Q4 2026 guidance at 2.470-2.630 EPS. On average, analysts predict that Plexus will post 7.11 EPS for the current year.

Insider Buying and Selling at Plexus

In related news, Director Michael V. Schrock sold 4,000 shares of the firm’s stock in a transaction on Tuesday, August 11th. The shares were sold at an average price of $275.00, for a total transaction of $1,100,000.00. Following the sale, the director directly owned 40,329 shares in the company, valued at $11,090,475. This trade represents a 9.02% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Todd P. Kelsey sold 1,500 shares of the business’s stock in a transaction on Wednesday, June 17th. The shares were sold at an average price of $294.98, for a total transaction of $442,470.00. Following the completion of the sale, the chief executive officer directly owned 68,888 shares in the company, valued at $20,320,582.24. This represents a 2.13% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders have sold 8,510 shares of company stock valued at $2,347,747. 1.78% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Plexus

A number of large investors have recently added to or reduced their stakes in the company. Hodges Capital Management Inc. raised its position in Plexus by 47.7% in the 4th quarter. Hodges Capital Management Inc. now owns 17,950 shares of the technology company’s stock valued at $2,639,000 after buying an additional 5,795 shares during the last quarter. Louisiana State Employees Retirement System bought a new position in shares of Plexus during the 1st quarter worth approximately $2,410,000. Jefferies Financial Group Inc. bought a new stake in shares of Plexus in the fourth quarter worth $2,182,000. Walleye Capital LLC bought a new stake in shares of Plexus in the second quarter worth $8,296,000. Finally, GSA Capital Partners LLP boosted its holdings in Plexus by 159.6% during the fourth quarter. GSA Capital Partners LLP now owns 14,638 shares of the technology company’s stock worth $2,152,000 after purchasing an additional 8,999 shares during the last quarter. Institutional investors own 94.45% of the company’s stock.

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.