Plexus' (PLXS) Hold (C+) Rating Reiterated at Weiss Ratings

Key Points

• Plexus' stock maintains a "Hold (C+)" rating from Weiss Ratings, with a consensus target price of $159.00.
• Recent earnings results showed Plexus reported $2.14 EPS, exceeding estimates, alongside a slight revenue increase compared to the previous year.
• Institutional investors hold a significant stake in Plexus, owning 94.45% of the company's stock, indicating strong institutional interest.

Plexus (NASDAQ:PLXS - Get Free Report)'s stock had its "hold (c+)" rating reiterated by investment analysts at Weiss Ratings in a report issued on Saturday,Weiss Ratings reports.

A number of other research analysts have also recently issued reports on the stock. Williams Trading set a $165.00 target price on shares of Plexus in a research note on Monday, September 22nd. Stifel Nicolaus set a $150.00 price objective on shares of Plexus in a research report on Friday. Needham & Company LLC boosted their price objective on shares of Plexus from $158.00 to $165.00 and gave the stock a "buy" rating in a research report on Thursday. Wall Street Zen cut shares of Plexus from a "strong-buy" rating to a "buy" rating in a research report on Sunday, October 19th. Finally, Benchmark restated a "buy" rating and issued a $165.00 price objective on shares of Plexus in a research report on Friday. Two investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $159.00.

Plexus Stock Performance

NASDAQ:PLXS opened at $143.92 on Friday. Plexus has a 1 year low of $103.43 and a 1 year high of $172.89. The firm has a 50 day moving average of $141.04 and a 200-day moving average of $134.00. The company has a current ratio of 1.58, a quick ratio of 0.74 and a debt-to-equity ratio of 0.06. The stock has a market capitalization of $3.88 billion, a P/E ratio of 22.99 and a beta of 0.80.

Plexus (NASDAQ:PLXS - Get Free Report) last posted its earnings results on Wednesday, October 22nd. The technology company reported $2.14 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.84 by $0.30. Plexus had a net margin of 4.29% and a return on equity of 12.77%. The company had revenue of $1.06 billion during the quarter, compared to analysts' expectations of $1.05 billion. During the same quarter in the previous year, the company posted $1.85 earnings per share. Plexus's quarterly revenue was up .7% compared to the same quarter last year. Plexus has set its Q1 2026 guidance at 1.660-1.810 EPS. As a group, sell-side analysts anticipate that Plexus will post 5.9 EPS for the current fiscal year.

Insider Transactions at Plexus

In other Plexus news, CAO Angelo Michael Ninivaggi, Jr. sold 1,576 shares of Plexus stock in a transaction on Monday, August 25th. The shares were sold at an average price of $137.78, for a total transaction of $217,141.28. Following the completion of the sale, the chief accounting officer owned 24,495 shares of the company's stock, valued at approximately $3,374,921.10. The trade was a 6.05% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Todd P. Kelsey sold 1,500 shares of Plexus stock in a transaction on Wednesday, October 1st. The stock was sold at an average price of $143.70, for a total transaction of $215,550.00. Following the sale, the chief executive officer directly owned 69,214 shares of the company's stock, valued at $9,946,051.80. This represents a 2.12% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 15,856 shares of company stock worth $2,142,440 over the last ninety days. 1.76% of the stock is currently owned by insiders.

Institutional Trading of Plexus

Institutional investors have recently bought and sold shares of the business. Salomon & Ludwin LLC acquired a new stake in Plexus during the 3rd quarter worth $30,000. Huntington National Bank grew its holdings in Plexus by 41.5% during the 2nd quarter. Huntington National Bank now owns 324 shares of the technology company's stock worth $44,000 after acquiring an additional 95 shares during the period. TD Private Client Wealth LLC grew its holdings in Plexus by 185.6% during the 1st quarter. TD Private Client Wealth LLC now owns 514 shares of the technology company's stock worth $66,000 after acquiring an additional 334 shares during the period. CWM LLC grew its holdings in Plexus by 65.7% during the 2nd quarter. CWM LLC now owns 537 shares of the technology company's stock worth $73,000 after acquiring an additional 213 shares during the period. Finally, EverSource Wealth Advisors LLC grew its holdings in shares of Plexus by 583.3% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 574 shares of the technology company's stock valued at $78,000 after buying an additional 490 shares during the period. Institutional investors and hedge funds own 94.45% of the company's stock.

About Plexus

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.

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