Plexus Corp. (NASDAQ:PLXS) Stock Has Average Target Price of $276.86 According to Analysts

Key Points

• Analysts maintain a bullish outlook: Plexus has a consensus “Buy” rating from eight firms, with an average 12-month price target of $276.86.
• Recent results exceeded expectations: Quarterly EPS came in at $2.32 versus the $2.13 consensus estimate, while revenue rose 28.2% year over year to $1.30 billion.
• Institutional ownership remains high at 94.45%. Meanwhile, insiders sold 7,500 shares worth approximately $1.96 million during the last quarter, under pre-arranged trading plans.

Shares of Plexus Corp. (NASDAQ:PLXS - Get Free Report) have been assigned a consensus recommendation of "Buy" from the eight ratings firms that are presently covering the stock, MarketBeat.com reports. Seven investment analysts have rated the stock with a buy rating and one has issued a strong buy rating on the company. The average 12 month target price among brokerages that have covered the stock in the last year is $276.86.

Several research analysts have issued reports on the stock. Zacks Research raised shares of Plexus from a "hold" rating to a "strong-buy" rating in a report on Tuesday, August 11th. Weiss Ratings upgraded shares of Plexus from a "hold (c+)" rating to a "buy (b-)" rating in a research note on Thursday, October 8th. Needham & Company LLC reiterated a "buy" rating and set a $310.00 price target on shares of Plexus in a report on Friday, August 14th. Stifel Nicolaus raised their price target on shares of Plexus from $280.00 to $330.00 and gave the company a "buy" rating in a research report on Monday, June 22nd. Finally, Wall Street Zen raised shares of Plexus from a "hold" rating to a "buy" rating in a research report on Sunday, October 4th.

Insiders Place Their Bets

In other news, Director Michael V. Schrock sold 4,000 shares of the business's stock in a transaction on Tuesday, August 11th. The stock was sold at an average price of $275.00, for a total value of $1,100,000.00. Following the completion of the transaction, the director owned 40,329 shares in the company, valued at $11,090,475. The trade was a 9.02% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Todd Kelsey sold 1,500 shares of the business's stock in a transaction on Wednesday, September 16th. The stock was sold at an average price of $242.41, for a total value of $363,615.00. Following the completion of the transaction, the chief executive officer owned 64,388 shares of the company's stock, valued at $15,608,295.08. This represents a 2.28% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders sold 7,500 shares of company stock valued at $1,960,520. Corporate insiders own 1.78% of the company's stock.

Institutional Investors Weigh In On Plexus

Several large investors have recently bought and sold shares of the business. SteelPeak Wealth LLC bought a new position in Plexus during the 3rd quarter valued at about $277,000. Cyndeo Wealth Partners LLC purchased a new stake in shares of Plexus during the 3rd quarter valued at about $367,000. Pension & Wealth Management Advisors Inc. bought a new stake in shares of Plexus in the third quarter worth approximately $45,000. Fortitude Family Office LLC grew its stake in shares of Plexus by 2,545.8% in the third quarter. Fortitude Family Office LLC now owns 635 shares of the technology company's stock worth $166,000 after acquiring an additional 611 shares during the period. Finally, Sax Wealth Advisors LLC bought a new stake in shares of Plexus in the third quarter worth approximately $583,000. 94.45% of the stock is currently owned by institutional investors.

Plexus Price Performance

Shares of NASDAQ:PLXS opened at $230.47 on Friday. The business has a fifty day moving average price of $253.49 and a 200-day moving average price of $257.42. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.49 and a quick ratio of 0.72. The company has a market capitalization of $6.17 billion, a PE ratio of 33.99 and a beta of 0.88. Plexus has a 1-year low of $132.03 and a 1-year high of $307.06.

Plexus (NASDAQ:PLXS - Get Free Report) last announced its quarterly earnings results on Wednesday, July 29th. The technology company reported $2.32 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.13 by $0.19. Plexus had a net margin of 4.03% and a return on equity of 12.46%. The company had revenue of $1.30 billion for the quarter, compared to analysts' expectations of $1.23 billion. During the same quarter in the previous year, the business posted $1.64 EPS. Plexus's revenue was up 28.2% compared to the same quarter last year. Plexus has set its Q4 2026 guidance at 2.470-2.630 EPS. As a group, equities analysts expect that Plexus will post 7.13 EPS for the current fiscal year.

Plexus Company Profile

Plexus Corp. NASDAQ: PLXS is an electronics manufacturing services and product development company headquartered in Neenah, Wisconsin. The company helps customers design, engineer, manufacture and service complex electronic products, offering capabilities that span product development, printed circuit board assembly, systems integration, testing, supply-chain management and aftermarket support.

Plexus serves customers in markets including healthcare and life sciences, industrial and commercial, aerospace and defense, and communications.

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