Plexus (NASDAQ:PLXS) Reaches New 1-Year High – Should You Buy?

Shares of Plexus Corp. (NASDAQ:PLXS) hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as $211.84 and last traded at $208.36, with a volume of 387219 shares traded. The stock had previously closed at $206.22.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the company. Benchmark upped their target price on Plexus from $165.00 to $195.00 and gave the stock a “buy” rating 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 research report on Saturday, November 22nd. Weiss Ratings raised shares of Plexus from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Thursday, February 5th. Zacks Research raised shares of Plexus from a “hold” rating to a “strong-buy” rating in a research note on Friday, February 6th. Finally, Sidoti lowered shares of Plexus from a “buy” rating to a “neutral” rating and set a $150.00 price target on the stock. in a report on Friday, October 24th. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $189.20.

Plexus Stock Performance

The company has a market cap of $5.33 billion, a PE ratio of 30.96 and a beta of 0.81. The business’s 50-day moving average is $170.64 and its 200 day moving average is $150.31. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.75 and a current ratio of 1.59.

Plexus (NASDAQ:PLXS) last posted its quarterly earnings results 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. Plexus had a net margin of 4.28% and a return on equity of 12.39%. The business had revenue of $1.07 billion during the quarter, compared to analyst estimates of $1.07 billion. During the same period in the prior year, the business posted $1.73 earnings per share. The company’s revenue was up 9.6% on a year-over-year basis. Plexus has set its Q2 2026 guidance at 1.800-1.950 EPS. On average, equities research analysts predict that Plexus Corp. will post 5.9 EPS for the current fiscal year.

Insider Buying and Selling at Plexus

In other news, COO Oliver K. Mihm sold 2,327 shares of the stock in a transaction that occurred on Tuesday, November 25th. The stock was sold at an average price of $143.18, for a total transaction of $333,179.86. Following the completion of the sale, the chief operating officer owned 18,442 shares of the company’s stock, valued at approximately $2,640,525.56. This represents a 11.20% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Patrick John Jermain sold 4,841 shares of Plexus stock in a transaction on Tuesday, February 3rd. The stock was sold at an average price of $204.01, for a total transaction of $987,612.41. Following the completion of the transaction, the chief financial officer directly owned 20,469 shares in the company, valued at approximately $4,175,880.69. The trade was a 19.13% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 30,951 shares of company stock worth $6,077,670 over the last quarter. Company insiders own 1.78% of the company’s stock.

Institutional Investors Weigh In On Plexus

Large investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its position in shares of Plexus by 0.6% in the third quarter. Vanguard Group Inc. now owns 3,683,845 shares of the technology company’s stock valued at $533,016,000 after acquiring an additional 22,374 shares during the period. Dimensional Fund Advisors LP grew its stake in shares of Plexus by 0.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,373,457 shares of the technology company’s stock worth $201,903,000 after purchasing an additional 7,051 shares during the last quarter. American Century Companies Inc. increased its holdings in Plexus by 44.2% during the 3rd quarter. American Century Companies Inc. now owns 1,103,892 shares of the technology company’s stock valued at $159,722,000 after purchasing an additional 338,119 shares during the period. State Street Corp raised its position in Plexus by 2.3% during the 2nd quarter. State Street Corp now owns 1,059,501 shares of the technology company’s stock valued at $143,361,000 after purchasing an additional 24,115 shares during the last quarter. Finally, BNP PARIBAS ASSET MANAGEMENT Holding S.A. raised its position in Plexus by 4.0% during the 3rd quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 915,296 shares of the technology company’s stock valued at $132,434,000 after purchasing an additional 35,237 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.