Plexus Corp. (NASDAQ:PLXS) Receives Average Rating of "Moderate Buy" from Analysts

Key Points

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Plexus Corp. (NASDAQ:PLXS - Get Free Report) has been assigned a consensus recommendation of "Moderate Buy" from the five brokerages that are covering the firm, MarketBeat Ratings reports. Two investment analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 1 year price target among brokers that have covered the stock in the last year is $152.00.

PLXS has been the topic of several research analyst reports. Sidoti raised Plexus from a "neutral" rating to a "buy" rating and raised their target price for the stock from $135.00 to $150.00 in a research report on Friday, July 25th. Needham & Company LLC dropped their price target on Plexus from $162.00 to $158.00 and set a "buy" rating on the stock in a research note on Thursday, July 24th. Benchmark restated a "buy" rating and set a $160.00 price target on shares of Plexus in a research note on Wednesday, June 4th. Wall Street Zen downgraded Plexus from a "strong-buy" rating to a "buy" rating in a research note on Saturday, August 16th. Finally, Stifel Nicolaus set a $140.00 price target on Plexus in a research note on Thursday, July 24th.

Insider Activity

In related news, insider Michael J. Running sold 646 shares of the firm's stock in a transaction that occurred on Friday, May 30th. The stock was sold at an average price of $130.05, for a total transaction of $84,012.30. Following the transaction, the insider owned 630 shares in the company, valued at $81,931.50. This trade represents a 50.63% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CAO Angelo Michael Ninivaggi, Jr. sold 2,058 shares of the firm's stock in a transaction that occurred on Tuesday, May 27th. The stock was sold at an average price of $132.22, for a total value of $272,108.76. Following the transaction, the chief accounting officer owned 26,133 shares in the company, valued at $3,455,305.26. This represents a 7.30% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 12,484 shares of company stock worth $1,626,335 over the last ninety days. 1.76% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of PLXS. Fuller & Thaler Asset Management Inc. grew its stake in shares of Plexus by 120.4% in the 1st quarter. Fuller & Thaler Asset Management Inc. now owns 348,510 shares of the technology company's stock valued at $44,655,000 after purchasing an additional 190,360 shares during the last quarter. Nuveen LLC purchased a new position in shares of Plexus in the 1st quarter valued at approximately $22,975,000. GAMMA Investing LLC grew its stake in shares of Plexus by 19,069.1% in the 1st quarter. GAMMA Investing LLC now owns 170,797 shares of the technology company's stock valued at $21,884,000 after purchasing an additional 169,906 shares during the last quarter. American Century Companies Inc. grew its stake in shares of Plexus by 24.7% in the 1st quarter. American Century Companies Inc. now owns 678,222 shares of the technology company's stock valued at $86,901,000 after purchasing an additional 134,205 shares during the last quarter. Finally, Millennium Management LLC grew its stake in shares of Plexus by 85.1% in the 1st quarter. Millennium Management LLC now owns 228,116 shares of the technology company's stock valued at $29,229,000 after purchasing an additional 104,904 shares during the last quarter. 94.45% of the stock is currently owned by hedge funds and other institutional investors.

Plexus Stock Up 5.1%

Shares of NASDAQ PLXS traded up $6.71 during midday trading on Tuesday, hitting $137.26. 151,618 shares of the company's stock were exchanged, compared to its average volume of 159,419. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.58 and a quick ratio of 0.74. Plexus has a twelve month low of $103.43 and a twelve month high of $172.89. The company has a market cap of $3.70 billion, a PE ratio of 23.38 and a beta of 0.80. The firm's fifty day simple moving average is $132.44 and its 200-day simple moving average is $129.98.

Plexus (NASDAQ:PLXS - Get Free Report) last issued its earnings results on Wednesday, July 23rd. The technology company reported $1.90 earnings per share for the quarter, topping the consensus estimate of $1.71 by $0.19. Plexus had a return on equity of 12.33% and a net margin of 4.04%.The business had revenue of $1.02 billion for the quarter, compared to analyst estimates of $1.02 billion. During the same quarter last year, the company earned $1.45 EPS. The business's quarterly revenue was up 6.0% on a year-over-year basis. Plexus has set its Q4 2025 guidance at 1.820-1.970 EPS. Research analysts predict that Plexus will post 5.9 EPS for the current fiscal year.

Plexus Company Profile

Plexus Corp. provides electronic manufacturing services in the United States and internationally. It offers design, develop, supply chain, new product introduction, and manufacturing solutions, as well as sustaining services to companies in the healthcare/life sciences, industrial/commercial, aerospace/defense, and communications market sectors.