Plexus Corp. (NASDAQ:PLXS) Given Consensus Rating of “Hold” by Brokerages

Shares of Plexus Corp. (NASDAQ:PLXS) have been given a consensus recommendation of “Hold” by the five ratings firms that are currently covering the stock, MarketBeat.com reports. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average 12 month target price among brokerages that have updated their coverage on the stock in the last year is $159.00.

Several equities research analysts have issued reports on PLXS shares. Williams Trading set a $165.00 price target on shares of Plexus in a report on Monday, September 22nd. Sidoti lowered shares of Plexus from a “buy” rating to a “neutral” rating and set a $150.00 target price on the stock. in a research report on Friday, October 24th. Wall Street Zen lowered shares of Plexus from a “buy” rating to a “hold” rating in a research report on Saturday, November 22nd. Needham & Company LLC lifted their price objective on Plexus from $158.00 to $165.00 and gave the company a “buy” rating in a report on Thursday, October 23rd. Finally, Stifel Nicolaus set a $150.00 price objective on Plexus in a research note on Friday, October 24th.

Plexus Stock Up 2.6%

Shares of PLXS opened at $179.73 on Friday. The company has a 50-day simple moving average of $150.80 and a 200-day simple moving average of $142.40. The firm has a market capitalization of $4.81 billion, a P/E ratio of 28.71 and a beta of 0.81. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.77 and a current ratio of 1.58. Plexus has a 52 week low of $103.43 and a 52 week high of $186.47.

Plexus (NASDAQ:PLXS) last released its earnings results on Wednesday, October 22nd. The technology company reported $2.14 earnings per share for the quarter, topping analysts’ consensus estimates of $1.84 by $0.30. The business had revenue of $1.06 billion for the quarter, compared to the consensus estimate of $1.05 billion. Plexus had a return on equity of 12.77% and a net margin of 4.29%.The firm’s revenue for the quarter was up .7% compared to the same quarter last year. During the same period last year, the business earned $1.85 earnings per share. Plexus has set its Q1 2026 guidance at 1.660-1.810 EPS. On average, equities research analysts expect that Plexus will post 5.9 earnings per share for the current year.

Insider Transactions at Plexus

In related news, COO Oliver K. Mihm sold 2,327 shares of the stock in a transaction dated Tuesday, November 25th. The shares were 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 in the company, valued at $2,640,525.56. This trade represents a 11.20% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO Patrick John Jermain sold 2,000 shares of Plexus stock in a transaction dated Tuesday, November 11th. The shares were sold at an average price of $143.53, for a total transaction of $287,060.00. Following the transaction, the chief financial officer directly owned 16,961 shares of the company’s stock, valued at $2,434,412.33. This represents a 10.55% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 11,672 shares of company stock valued at $1,668,190. 1.78% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of PLXS. Uncommon Cents Investing LLC grew its position in Plexus by 0.8% during the 4th quarter. Uncommon Cents Investing LLC now owns 9,925 shares of the technology company’s stock worth $1,459,000 after acquiring an additional 75 shares during the last quarter. Congress Asset Management Co. boosted its stake in Plexus by 0.5% in the third quarter. Congress Asset Management Co. now owns 16,245 shares of the technology company’s stock worth $2,350,000 after purchasing an additional 88 shares in the last quarter. Huntington National Bank grew its holdings 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 purchasing an additional 95 shares during the last quarter. Nisa Investment Advisors LLC grew its holdings in shares of Plexus by 0.8% during the third quarter. Nisa Investment Advisors LLC now owns 12,879 shares of the technology company’s stock worth $1,863,000 after purchasing an additional 99 shares during the last quarter. Finally, Strs Ohio increased its stake in shares of Plexus by 1.2% in the third quarter. Strs Ohio now owns 8,500 shares of the technology company’s stock valued at $1,230,000 after buying an additional 100 shares in 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.