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

Plexus Corp. (NASDAQ:PLXS) has earned an average recommendation of “Moderate Buy” from the seven research firms that are currently covering the stock, Marketbeat reports. One equities research analyst has rated the stock with a hold rating and six have issued a buy rating on the company. The average 1 year price objective among analysts that have covered the stock in the last year is $273.00.

Several equities analysts have recently commented on the company. Wall Street Zen raised Plexus from a “hold” rating to a “buy” rating in a report on Saturday, May 2nd. Sidoti raised Plexus from a “neutral” rating to a “buy” rating and set a $308.00 price target on the stock in a report on Friday, July 31st. Raymond James Financial restated an “outperform” rating and set a $275.00 price objective on shares of Plexus in a research report on Thursday, April 30th. Stifel Nicolaus upped their price objective on Plexus from $280.00 to $330.00 and gave the stock a “buy” rating in a research note on Monday, June 22nd. Finally, Needham & Company LLC upped their price objective on Plexus from $285.00 to $310.00 and gave the stock a “buy” rating in a research note on Monday, June 1st.

Insider Activity

In other news, insider Victor (Pang Hau) Tan sold 3,000 shares of the business’s stock in a transaction on Monday, May 11th. The shares were sold at an average price of $271.23, for a total transaction of $813,690.00. Following the completion of the transaction, the insider owned 10,457 shares of the company’s stock, valued at approximately $2,836,252.11. The trade was a 22.29% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO Todd P. Kelsey sold 1,500 shares of the company’s stock in a transaction dated Wednesday, June 17th. The stock was sold at an average price of $294.98, for a total transaction of $442,470.00. Following the transaction, the chief executive officer owned 68,888 shares of the company’s stock, valued at $20,320,582.24. This represents a 2.13% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders sold 8,510 shares of company stock valued at $2,338,872. 1.78% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Plexus

Large investors have recently made changes to their positions in the company. Covestor Ltd raised its holdings in shares of Plexus by 207.7% during the fourth quarter. Covestor Ltd now owns 240 shares of the technology company’s stock valued at $35,000 after buying an additional 162 shares during the last quarter. Allworth Financial LP grew its holdings in Plexus by 20.8% in the 4th quarter. Allworth Financial LP now owns 302 shares of the technology company’s stock worth $44,000 after buying an additional 52 shares in the last quarter. Johnson Financial Group Inc. acquired a new stake in Plexus in the 3rd quarter valued at approximately $72,000. Farther Finance Advisors LLC increased its position in Plexus by 114.7% in the 4th quarter. Farther Finance Advisors LLC now owns 511 shares of the technology company’s stock valued at $75,000 after acquiring an additional 273 shares during the period. Finally, EverSource Wealth Advisors LLC raised its stake in Plexus by 583.3% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 574 shares of the technology company’s stock valued at $78,000 after acquiring an additional 490 shares in the last quarter. Institutional investors and hedge funds own 94.45% of the company’s stock.

Plexus Trading Down 2.3%

NASDAQ PLXS opened at $268.49 on Tuesday. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.72 and a current ratio of 1.49. Plexus has a one year low of $126.86 and a one year high of $307.06. The company has a 50-day simple moving average of $273.48 and a 200-day simple moving average of $236.95. The firm has a market capitalization of $7.18 billion, a PE ratio of 39.60 and a beta of 0.90.

Plexus (NASDAQ:PLXS) last released its quarterly earnings data 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 firm had revenue of $1.30 billion for the quarter, compared to analyst estimates of $1.23 billion. During the same quarter in the prior year, the business earned $1.64 earnings per share. Plexus’s quarterly revenue was up 28.2% on a year-over-year basis. Plexus has set its Q4 2026 guidance at 2.470-2.630 EPS. On average, equities analysts forecast that Plexus will post 6.73 earnings per share for the current year.

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.