Plexus Corp. (NASDAQ:PLXS) Receives $189.20 Consensus PT from Analysts

Plexus Corp. (NASDAQ:PLXS) has earned an average rating of “Moderate Buy” from the six research firms that are currently covering the company, Marketbeat.com reports. Two analysts have rated the stock with a hold recommendation, three have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month price target among analysts that have issued a report on the stock in the last year is $189.20.

PLXS has been the subject of several recent analyst reports. Zacks Research upgraded Plexus from a “hold” rating to a “strong-buy” rating in a research note on Friday, February 6th. Stifel Nicolaus boosted their price target on Plexus from $150.00 to $200.00 and gave the stock a “hold” rating in a report on Friday, January 30th. Needham & Company LLC upped their price objective on Plexus from $165.00 to $206.00 and gave the stock a “buy” rating in a research report on Friday, January 30th. Weiss Ratings raised Plexus from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday. Finally, Williams Trading set a $195.00 target price on Plexus in a research report on Wednesday, January 28th.

Plexus Price Performance

Shares of NASDAQ:PLXS opened at $191.58 on Friday. The firm has a 50 day moving average of $184.80 and a 200-day moving average of $158.65. Plexus has a 12 month low of $103.43 and a 12 month high of $211.84. The company has a current ratio of 1.59, a quick ratio of 0.75 and a debt-to-equity ratio of 0.06. The stock has a market capitalization of $5.13 billion, a PE ratio of 29.79 and a beta of 0.81.

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, topping the consensus estimate of $1.77 by $0.01. The business had revenue of $1.07 billion for the quarter, compared to analyst estimates of $1.07 billion. Plexus had a net margin of 4.28% and a return on equity of 12.39%. The firm’s revenue for the quarter was up 9.6% on a year-over-year basis. During the same quarter last year, the business posted $1.73 EPS. Plexus has set its Q2 2026 guidance at 1.800-1.950 EPS. On average, equities research analysts predict that Plexus will post 5.9 EPS for the current fiscal year.

Insider Buying and Selling

In related news, Director Karen Marie Rapp sold 500 shares of the stock in a transaction that occurred on Friday, February 27th. The shares were sold at an average price of $195.59, for a total value of $97,795.00. Following the completion of the transaction, the director owned 8,535 shares of the company’s stock, valued at $1,669,360.65. This represents a 5.53% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, COO Oliver K. Mihm sold 9,541 shares of the business’s stock in a transaction on Wednesday, February 18th. The stock was sold at an average price of $201.40, for a total transaction of $1,921,557.40. Following the sale, the chief operating officer directly owned 12,809 shares in the company, valued at approximately $2,579,732.60. The trade was a 42.69% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 47,995 shares of company stock worth $9,718,476 in the last quarter. Corporate insiders own 1.78% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. AQR Capital Management LLC increased its holdings in Plexus by 103.1% in the 1st quarter. AQR Capital Management LLC now owns 8,384 shares of the technology company’s stock worth $1,074,000 after purchasing an additional 4,255 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in shares of Plexus by 4.6% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 15,971 shares of the technology company’s stock valued at $2,046,000 after purchasing an additional 705 shares in the last quarter. United Services Automobile Association acquired a new stake in shares of Plexus during the first quarter valued at about $218,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in shares of Plexus by 12.9% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 79,584 shares of the technology company’s stock worth $10,197,000 after purchasing an additional 9,078 shares during the last quarter. Finally, Envestnet Asset Management Inc. grew its holdings in shares of Plexus by 6.0% during the second quarter. Envestnet Asset Management Inc. now owns 60,413 shares of the technology company’s stock worth $8,174,000 after purchasing an additional 3,398 shares during the last quarter. 94.45% of the stock is currently owned by institutional investors.

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.