Plexus (NASDAQ:PLXS) Sets New 12-Month High – Time to Buy?

Shares of Plexus Corp. (NASDAQ:PLXS) hit a new 52-week high on Tuesday . The stock traded as high as $213.62 and last traded at $214.2350, with a volume of 173898 shares traded. The stock had previously closed at $202.79.

Analyst Upgrades and Downgrades

PLXS has been the topic of several research reports. Williams Trading set a $195.00 price target on Plexus in a research note on Wednesday, January 28th. Wall Street Zen cut shares of Plexus from a “buy” rating to a “hold” rating in a report on Sunday, March 8th. Stifel Nicolaus lifted their price objective on shares of Plexus from $150.00 to $200.00 and gave the company a “hold” rating in a report on Friday, January 30th. Weiss Ratings upgraded shares of Plexus from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday, March 6th. Finally, Zacks Research raised shares of Plexus from a “hold” rating to a “strong-buy” rating in a research report on Friday, February 6th. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, Plexus has an average rating of “Moderate Buy” and an average target price of $194.20.

Plexus Stock Performance

The company has a debt-to-equity ratio of 0.06, a current ratio of 1.59 and a quick ratio of 0.75. The firm has a market cap of $5.69 billion, a price-to-earnings ratio of 32.96 and a beta of 0.81. The firm has a fifty day simple moving average of $193.18 and a two-hundred day simple moving average of $162.75.

Plexus (NASDAQ:PLXS) last posted its quarterly earnings data on Wednesday, January 28th. The technology company reported $1.78 earnings per share (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 the consensus estimate of $1.07 billion. Plexus had a net margin of 4.28% and a return on equity of 12.39%. The company’s revenue for the quarter was up 9.6% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.73 earnings per share. Plexus has set its Q2 2026 guidance at 1.800-1.950 EPS. On average, analysts expect that Plexus Corp. will post 5.9 EPS for the current year.

Insider Buying and Selling at Plexus

In other Plexus news, CEO Todd P. Kelsey sold 8,120 shares of the firm’s stock in a transaction on Tuesday, February 3rd. The shares were sold at an average price of $205.65, for a total value of $1,669,878.00. Following the completion of the transaction, the chief executive officer owned 78,598 shares of the company’s stock, valued at approximately $16,163,678.70. This trade represents a 9.36% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CAO Angelo Michael Ninivaggi, Jr. sold 4,303 shares of Plexus stock in a transaction on Thursday, February 5th. The stock was sold at an average price of $203.06, for a total transaction of $873,767.18. Following the sale, the chief accounting officer owned 20,099 shares of the company’s stock, valued at $4,081,302.94. The trade was a 17.63% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 49,495 shares of company stock worth $10,009,836 in the last three months. 1.78% of the stock is owned by company insiders.

Institutional Trading of Plexus

Large investors have recently added to or reduced their stakes in the company. Corient Private Wealth LLC lifted its holdings in shares of Plexus by 6.1% during the fourth quarter. Corient Private Wealth LLC now owns 1,929 shares of the technology company’s stock worth $284,000 after purchasing an additional 111 shares during the period. Caitlin John LLC acquired a new position in Plexus in the 4th quarter worth approximately $408,000. Fuller & Thaler Asset Management Inc. raised its position in Plexus by 5.8% during the 4th quarter. Fuller & Thaler Asset Management Inc. now owns 446,705 shares of the technology company’s stock worth $65,666,000 after buying an additional 24,441 shares during the last quarter. XTX Topco Ltd acquired a new stake in Plexus during the 4th quarter valued at approximately $758,000. Finally, Palisade Capital Management LP acquired a new stake in Plexus during the 4th quarter valued at approximately $2,003,000. Hedge funds and other 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.