Wall Street Zen Upgrades Plexus (NASDAQ:PLXS) to “Buy”

Plexus (NASDAQ:PLXS) was upgraded by research analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a research note issued on Saturday.

Other equities research analysts have also recently issued reports about the stock. Needham & Company LLC increased their target price on shares of Plexus from $165.00 to $206.00 and gave the company a “buy” rating in a research report on Friday, January 30th. Stifel Nicolaus increased 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. Williams Trading set a $195.00 target price on Plexus in a report on Wednesday, January 28th. Benchmark upped their price target on Plexus from $165.00 to $195.00 and gave the company a “buy” rating in a research report on Wednesday, January 28th. Finally, Weiss Ratings downgraded Plexus from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Friday, February 20th. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $189.20.

Plexus Price Performance

NASDAQ:PLXS opened at $194.13 on Friday. The stock has a 50 day moving average of $180.10 and a two-hundred day moving average of $156.04. Plexus has a 12 month low of $103.43 and a 12 month high of $211.84. The firm has a market cap of $5.20 billion, a P/E ratio of 30.19 and a beta of 0.81. The company has a current ratio of 1.59, a quick ratio of 0.75 and a debt-to-equity ratio of 0.06.

Plexus (NASDAQ:PLXS) last released its earnings results on Wednesday, January 28th. The technology company reported $1.78 earnings per share for the quarter, beating the consensus estimate of $1.77 by $0.01. Plexus had a return on equity of 12.39% and a net margin of 4.28%.The business had revenue of $1.07 billion for the quarter, compared to the consensus estimate of $1.07 billion. During the same quarter last year, the business posted $1.73 earnings per share. The business’s quarterly revenue was up 9.6% compared to the same quarter last year. Plexus has set its Q2 2026 guidance at 1.800-1.950 EPS. On average, analysts expect that Plexus will post 5.9 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, CFO Patrick John Jermain sold 4,841 shares of the 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. This represents a 19.13% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, COO Oliver K. Mihm sold 9,541 shares of the firm’s stock in a transaction dated Wednesday, February 18th. The stock was sold at an average price of $201.40, for a total value of $1,921,557.40. Following the sale, the chief operating officer directly owned 12,809 shares of the company’s stock, valued at $2,579,732.60. The trade was a 42.69% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 47,495 shares of company stock worth $9,620,681. Corporate insiders own 1.78% of the company’s stock.

Hedge Funds Weigh In On Plexus

Several large investors have recently made changes to their positions in PLXS. Salomon & Ludwin LLC purchased a new position in Plexus during the 3rd quarter worth approximately $30,000. Covestor Ltd boosted its holdings in shares of Plexus by 207.7% in the fourth quarter. Covestor Ltd now owns 240 shares of the technology company’s stock valued at $35,000 after acquiring an additional 162 shares during the period. Allworth Financial LP grew its position in shares of Plexus by 70.1% during the third quarter. Allworth Financial LP now owns 250 shares of the technology company’s stock worth $36,000 after acquiring an additional 103 shares during the last quarter. Huntington National Bank grew its position in shares of Plexus by 41.5% during the second quarter. Huntington National Bank now owns 324 shares of the technology company’s stock worth $44,000 after acquiring an additional 95 shares during the last quarter. Finally, Johnson Financial Group Inc. acquired a new position in shares of Plexus in the 3rd quarter valued at $72,000. 94.45% of the stock is currently owned by institutional investors and hedge funds.

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.