Plexus (NASDAQ:PLXS) Stock Rating Raised to “Buy” at Wall Street Zen

by · The Markets Daily

Wall Street Zen upgraded shares of Plexus (NASDAQ:PLXS – Free Report) from a hold rating to a buy rating in a research report sent to investors on Sunday morning,Wall Street Zen reports.

Several other equities analysts have also recently issued reports on PLXS. Sidoti upgraded shares of Plexus from a “neutral” rating to a “buy” rating and set a $308.00 price target for the company in a research report on Friday, July 31st. 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 note on Monday, June 22nd. Weiss Ratings lowered shares of Plexus from a “buy (b-)” rating to a “hold (c+)” rating in a report on Wednesday, September 9th. Zacks Research raised shares of Plexus from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, August 11th. Finally, KeyCorp upgraded Plexus from a “sector weight” rating to an “overweight” rating and set a $300.00 price objective for the company in a report on Monday, September 21st. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, Plexus has a consensus rating of “Buy” and a consensus price target of $276.86.

Read Our Latest Stock Report on Plexus

Plexus Stock Performance

Shares of Plexus stock opened at $273.13 on Friday. The firm’s 50 day moving average is $253.95 and its 200 day moving average is $253.99. The firm has a market capitalization of $7.31 billion, a PE ratio of 40.28 and a beta of 0.88. Plexus has a 1 year low of $132.03 and a 1 year high of $307.06. The company has a current ratio of 1.49, a quick ratio of 0.72 and a debt-to-equity ratio of 0.06.

Plexus (NASDAQ:PLXS – Get Free Report) last issued its quarterly earnings data on Wednesday, July 29th. The technology company reported $2.32 EPS for the quarter, beating the consensus estimate of $2.13 by $0.19. Plexus had a net margin of 4.03% and a return on equity of 12.46%. The business had revenue of $1.30 billion during the quarter, compared to the consensus estimate of $1.23 billion. During the same quarter in the prior year, the firm earned $1.64 EPS. The firm’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. Equities research analysts forecast that Plexus will post 7.13 earnings per share for the current fiscal year.

Insider Buying and Selling at Plexus

In other Plexus news, Director Michael V. Schrock sold 4,000 shares of the firm’s stock in a transaction that occurred on Tuesday, August 11th. The shares were sold at an average price of $275.00, for a total transaction of $1,100,000.00. Following the completion of the transaction, the director owned 40,329 shares in the company, valued at approximately $11,090,475. This trade represents a 9.02% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Karen Rapp sold 500 shares of the stock in a transaction on Monday, August 31st. The stock was sold at an average price of $240.87, for a total transaction of $120,435.00. Following the sale, the director owned 7,535 shares of the company’s stock, valued at approximately $1,814,955.45. This trade represents a 6.22% decrease in their ownership of the stock. 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 90 days, insiders sold 7,500 shares of company stock valued at $1,960,520. 1.78% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Plexus

Several large investors have recently added to or reduced their stakes in the business. QRG Capital Management Inc. lifted its stake in Plexus by 8.8% in the second quarter. QRG Capital Management Inc. now owns 3,552 shares of the technology company’s stock valued at $1,068,000 after buying an additional 287 shares during the period. Envestnet Portfolio Solutions Inc. bought a new position in shares of Plexus during the 2nd quarter worth approximately $725,000. Sequoia Financial Advisors LLC grew its position in shares of Plexus by 11.2% during the 2nd quarter. Sequoia Financial Advisors LLC now owns 1,653 shares of the technology company’s stock worth $497,000 after buying an additional 167 shares during the period. Tidal Investments LLC grew its position in shares of Plexus by 21.6% during the 2nd quarter. Tidal Investments LLC now owns 1,757 shares of the technology company’s stock worth $528,000 after buying an additional 312 shares during the period. Finally, Integrated Wealth Concepts LLC acquired a new position in shares of Plexus during the 2nd quarter valued at $51,000. Institutional investors and hedge funds own 94.45% of the company’s stock.

Plexus Company Profile

(Get Free Report)

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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