NASDAQ:PLXSPlexus Stock Price, Forecast & News

Plexus' stock was trading at $60.68 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization. Since then, PLXS shares have increased by 26.1% and is now trading at $76.54.
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6 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Plexus in the last year. There are currently 2 hold ratings and 4 buy ratings for the stock, resulting in a consensus recommendation of "Buy."
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Plexus is scheduled to release its next quarterly earnings announcement on Wednesday, October 28th 2020.
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Plexus Corp. (NASDAQ:PLXS) announced its quarterly earnings data on Wednesday, July, 22nd. The technology company reported $1.20 earnings per share (EPS) for the quarter, topping the Thomson Reuters' consensus estimate of $0.75 by $0.45. The technology company had revenue of $857.39 million for the quarter, compared to analyst estimates of $801.94 million. Plexus had a return on equity of 12.41% and a net margin of 3.55%.
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Plexus issued an update on its fourth quarter earnings guidance on Wednesday, July, 22nd. The company provided EPS guidance of $1.05 to $1.20 for the period, compared to the Thomson Reuters consensus estimate of $0.90. The company issued revenue guidance of $850 million to $890 million, compared to the consensus revenue estimate of $820.47 million.

6 Wall Street analysts have issued twelve-month price objectives for Plexus' shares. Their forecasts range from $72.00 to $91.00. On average, they expect Plexus' stock price to reach $81.60 in the next twelve months. This suggests a possible upside of 6.6% from the stock's current price.
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News articles about PLXS stock have been trending somewhat negative on Wednesday, InfoTrie Sentiment Analysis reports. The research firm rates the sentiment of media coverage by monitoring more than six thousand blog and news sources. The firm ranks coverage of publicly-traded companies on a scale of -5 to 5, with scores closest to five being the most favorable. Plexus earned a coverage optimism score of -1.0 on InfoTrie's scale. They also gave headlines about the technology company a news buzz of 5.0 out of 10, indicating that recent media coverage is somewhat likely to have an effect on the company's share price in the next few days.
View the latest news about Plexus.

Plexus saw a decrease in short interest during the month of July. As of July 15th, there was short interest totaling 772,800 shares, a decrease of 21.3% from the June 30th total of 981,700 shares. Based on an average daily trading volume, of 226,800 shares, the days-to-cover ratio is currently 3.4 days. Approximately 2.7% of the company's shares are short sold.
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Some companies that are related to Plexus include Trimble (TRMB), IPG Photonics (IPGP), Jabil (JBL), Mercury Systems (MRCY), Fabrinet (FN), Sanmina (SANM), TTM Technologies (TTMI), Methode Electronics (MEI), Benchmark Electronics (BHE), CTS (CTS), Park Electrochemical (PKE), Key Tronic (KTCC) and Neonode (NEON).
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Based on aggregate information from My MarketBeat watchlists, some companies that other Plexus investors own include Bristol-Myers Squibb (BMY), Walgreens Boots Alliance (WBA), Berry Global Group (BERY), Cisco Systems (CSCO), Gilead Sciences (GILD), Intel (INTC), Pfizer (PFE), QUALCOMM (QCOM), Twitter (TWTR) and ConocoPhillips (COP).

Plexus trades on the NASDAQ under the ticker symbol "PLXS."

Plexus' stock is owned by a variety of institutional and retail investors. Top institutional shareholders include BNP PARIBAS ASSET MANAGEMENT Holding S.A. (2.41%), Chartwell Investment Partners LLC (1.00%), Assenagon Asset Management S.A. (0.45%), WINTON GROUP Ltd (0.26%), Meritage Portfolio Management (0.15%) and Mackay Shields LLC (0.13%). Company insiders that own Plexus stock include Angelo Michael Ninivaggi Jr, David J Drury, Dean A Foate, Michael V Schrock, Patrick John Jermain, Peter Kelly, Ralf R Boer, Ronnie Darroch, Scott Theune, Stephen P Cortinovis, Steven J Frisch, Todd P Kelsey and Yong Jin Lim.
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PLXS stock was sold by a variety of institutional investors in the last quarter, including WINTON GROUP Ltd, First Trust Advisors LP, SG Americas Securities LLC, Vident Investment Advisory LLC, Vident Investment Advisory LLC, Texas Permanent School Fund, Monarch Capital Management Inc., and Nisa Investment Advisors LLC. Company insiders that have sold Plexus company stock in the last year include Angelo Michael Ninivaggi Jr, David J Drury, Dean A Foate, Michael V Schrock, Patrick John Jermain, Ronnie Darroch, Scott Theune, Stephen P Cortinovis, Steven J Frisch, Todd P Kelsey, and Yong Jin Lim.
View insider buying and selling activity for Plexus.

PLXS stock was acquired by a variety of institutional investors in the last quarter, including BNP PARIBAS ASSET MANAGEMENT Holding S.A., Assenagon Asset Management S.A., Meritage Portfolio Management, Mackay Shields LLC, Chartwell Investment Partners LLC, Strs Ohio, Uncommon Cents Investing LLC, and Duality Advisers LP.
View insider buying and selling activity for Plexus.

Shares of PLXS can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

One share of PLXS stock can currently be purchased for approximately $76.54.

Plexus has a market capitalization of $2.23 billion and generates $3.16 billion in revenue each year. The technology company earns $108.62 million in net income (profit) each year or $3.43 on an earnings per share basis. Plexus employs 19,000 workers across the globe.

The official website for Plexus is www.plexus.com.

Plexus' mailing address is One Plexus Way, Neenah WI, 54957. The technology company can be reached via phone at 920-969-6000 or via email at [email protected]