Plexus (NASDAQ:PLXS) Stock Crosses Above 200 Day Moving Average – What’s Next?

Plexus Corp. (NASDAQ:PLXS) shares passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $216.29 and traded as high as $289.75. Plexus shares last traded at $287.80, with a volume of 364,946 shares traded.

Analysts Set New Price Targets

Several brokerages have recently issued reports on PLXS. Weiss Ratings downgraded Plexus from a “buy (b)” rating to a “buy (b-)” rating in a research report on Thursday, June 11th. Benchmark restated a “buy” rating and set a $220.00 target price on shares of Plexus in a research note on Monday, March 16th. Zacks Research lowered Plexus from a “hold” rating to a “strong sell” rating in a report on Wednesday, May 20th. Needham & Company LLC lifted their price target on Plexus from $285.00 to $310.00 and gave the stock a “buy” rating in a research report on Monday, June 1st. Finally, Raymond James Financial reiterated an “outperform” rating and set a $275.00 price target on shares of Plexus in a report on Thursday, April 30th. Five equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $246.67.

Plexus Price Performance

The company has a market cap of $7.76 billion, a P/E ratio of 42.42 and a beta of 0.89. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.74 and a current ratio of 1.54. The stock has a 50-day simple moving average of $271.59 and a 200 day simple moving average of $217.26.

Plexus (NASDAQ:PLXS) last issued its earnings results on Wednesday, April 29th. The technology company reported $2.05 EPS for the quarter, topping the consensus estimate of $1.87 by $0.18. The firm had revenue of $1.16 billion during the quarter, compared to analysts’ expectations 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% compared to the same quarter last year. During the same period last year, the business earned $1.66 earnings per share. Plexus has set its Q3 2026 guidance at 2.020-2.180 EPS. On average, equities analysts expect that Plexus Corp. will post 5.98 EPS for the current year.

Insider Buying and Selling at Plexus

In other Plexus news, EVP Angelo Michael Ninivaggi, Jr. sold 3,270 shares of the firm’s stock in a transaction dated Friday, May 8th. The shares were sold at an average price of $264.75, for a total transaction of $865,732.50. Following the completion of the transaction, the executive vice president owned 16,266 shares in the company, valued at $4,306,423.50. This trade represents a 16.74% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Victor (Pang Hau) Tan sold 3,000 shares of Plexus stock in a transaction that occurred on Monday, May 11th. The shares were sold at an average price of $271.23, for a total value of $813,690.00. Following the sale, the insider directly owned 10,457 shares in the company, valued at $2,836,252.11. The trade was a 22.29% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders sold 21,981 shares of company stock worth $5,855,318. Insiders own 1.78% of the company’s stock.

Institutional Investors Weigh In On Plexus

Several institutional investors and hedge funds have recently made changes to their positions in PLXS. Covestor Ltd increased its position in shares of Plexus by 207.7% during the 4th quarter. Covestor Ltd now owns 240 shares of the technology company’s stock worth $35,000 after purchasing an additional 162 shares in the last quarter. Allworth Financial LP boosted its position in Plexus by 70.1% in the third quarter. Allworth Financial LP now owns 250 shares of the technology company’s stock valued at $36,000 after buying an additional 103 shares in the last quarter. Johnson Financial Group Inc. bought a new stake in Plexus during the third quarter worth about $72,000. Farther Finance Advisors LLC grew its stake in Plexus by 114.7% during the fourth quarter. Farther Finance Advisors LLC now owns 511 shares of the technology company’s stock worth $75,000 after buying an additional 273 shares during the last quarter. Finally, EverSource Wealth Advisors LLC grew its stake in Plexus by 583.3% during the second quarter. EverSource Wealth Advisors LLC now owns 574 shares of the technology company’s stock worth $78,000 after buying an additional 490 shares during the last quarter. Institutional investors and hedge funds 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.