Plexus (NASDAQ:PLXS) Downgraded by Wall Street Zen to Hold

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

Several other brokerages have also commented on PLXS. Williams Trading set a $195.00 price objective on shares of Plexus in a research report on Wednesday, January 28th. Stifel Nicolaus upped their price target on shares of Plexus from $150.00 to $200.00 and gave the company a “hold” rating in a research note on Friday, January 30th. Weiss Ratings lowered shares of Plexus from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Friday, February 20th. Needham & Company LLC raised their price target on shares of Plexus from $165.00 to $206.00 and gave the stock a “buy” rating in a report on Friday, January 30th. Finally, Zacks Research upgraded shares of Plexus from a “hold” rating to a “strong-buy” rating in a research note on Friday, February 6th. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $189.20.

Plexus Trading Down 2.8%

Shares of NASDAQ:PLXS opened at $185.90 on Friday. The business’s 50-day moving average is $183.99 and its 200 day moving average is $158.01. Plexus has a 1 year low of $103.43 and a 1 year high of $211.84. The firm has a market capitalization of $4.98 billion, a P/E ratio of 28.91 and a beta of 0.81. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.59 and a quick ratio of 0.75.

Plexus (NASDAQ:PLXS) last issued its quarterly earnings results on Wednesday, January 28th. The technology company reported $1.78 earnings per share for the quarter, topping 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 during the quarter, compared to the consensus estimate of $1.07 billion. During the same quarter last year, the company earned $1.73 earnings per share. The company’s quarterly 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, research analysts predict that Plexus will post 5.9 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, COO Oliver K. Mihm sold 9,541 shares of the stock in a transaction that occurred on Wednesday, February 18th. The shares were sold at an average price of $201.40, for a total value of $1,921,557.40. Following the transaction, the chief operating officer owned 12,809 shares in the company, valued at approximately $2,579,732.60. This represents a 42.69% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Chairman Dean A. Foate sold 5,000 shares of the firm’s stock in a transaction that occurred on Monday, February 2nd. The stock was sold at an average price of $204.89, for a total transaction of $1,024,450.00. Following the transaction, the chairman directly owned 15,000 shares of the company’s stock, valued at $3,073,350. This represents a 25.00% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 47,995 shares of company stock worth $9,718,476 in the last quarter. 1.78% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the business. Salomon & Ludwin LLC purchased a new stake in Plexus in the third quarter valued at $30,000. Covestor Ltd raised its stake in shares of Plexus by 207.7% during the 4th 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 lifted its holdings in shares of Plexus by 70.1% in the 3rd quarter. Allworth Financial LP now owns 250 shares of the technology company’s stock valued at $36,000 after buying an additional 103 shares during the period. Huntington National Bank lifted its holdings in shares of Plexus by 41.5% in the 2nd quarter. Huntington National Bank now owns 324 shares of the technology company’s stock valued at $44,000 after buying an additional 95 shares during the period. Finally, Johnson Financial Group Inc. purchased a new stake in shares of Plexus in the third quarter worth about $72,000. Hedge funds and other 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.