Plexus (NASDAQ:PLXS) Lowered to “Hold” Rating by Wall Street Zen

Plexus (NASDAQ:PLXS) was downgraded by analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a research note issued on Saturday.

Other research analysts have also recently issued reports about the stock. Williams Trading set a $165.00 price objective on shares of Plexus in a report on Monday, September 22nd. Weiss Ratings reiterated a “hold (c+)” rating on shares of Plexus in a research note on Wednesday, October 8th. Stifel Nicolaus set a $150.00 price target on Plexus in a report on Friday, October 24th. Benchmark restated a “buy” rating and issued a $165.00 price target on shares of Plexus in a research note on Friday, October 24th. Finally, Sidoti cut Plexus from a “buy” rating to a “neutral” rating and set a $150.00 price objective for the company. in a research report on Friday, October 24th. Two analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $159.00.

Plexus Stock Performance

Shares of PLXS opened at $138.46 on Friday. The company has a market cap of $3.71 billion, a price-to-earnings ratio of 22.12 and a beta of 0.80. The business’s fifty day simple moving average is $143.07 and its two-hundred day simple moving average is $136.43. Plexus has a 12 month low of $103.43 and a 12 month high of $172.89. The company has a current ratio of 1.58, a quick ratio of 0.77 and a debt-to-equity ratio of 0.06.

Plexus (NASDAQ:PLXS) last announced its quarterly 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 return on equity of 12.77% and a net margin of 4.29%.The firm had revenue of $1.06 billion for the quarter, compared to the consensus estimate of $1.05 billion. During the same period in the prior year, the company posted $1.85 earnings per share. The company’s quarterly revenue was up .7% on a year-over-year basis. Plexus has set its Q1 2026 guidance at 1.660-1.810 EPS. Research analysts anticipate that Plexus will post 5.9 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, CEO Todd P. Kelsey sold 2,000 shares of the firm’s stock in a transaction dated Tuesday, November 4th. The stock was sold at an average price of $143.50, for a total value of $287,000.00. Following the transaction, the chief executive officer owned 60,714 shares of the company’s stock, valued at $8,712,459. This trade represents a 3.19% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Victor (Pang Hau) Tan sold 3,000 shares of Plexus stock in a transaction dated Thursday, August 28th. The shares were sold at an average price of $139.00, for a total value of $417,000.00. Following the transaction, the insider directly owned 8,723 shares in the company, valued at approximately $1,212,497. The trade was a 25.59% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last three months, insiders have sold 17,574 shares of company stock worth $2,463,831. Corporate insiders own 1.76% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. Salomon & Ludwin LLC purchased a new stake in Plexus in the 3rd quarter worth $30,000. Huntington National Bank grew its position in shares of Plexus by 41.5% during the second quarter. Huntington National Bank now owns 324 shares of the technology company’s stock worth $44,000 after purchasing an additional 95 shares in the last quarter. Banque Transatlantique SA bought a new stake in Plexus during the 1st quarter valued at approximately $71,000. Johnson Financial Group Inc. bought a new stake in Plexus during the 3rd quarter valued at approximately $72,000. Finally, CWM LLC lifted its holdings in Plexus by 65.7% in the 2nd quarter. CWM LLC now owns 537 shares of the technology company’s stock worth $73,000 after purchasing an additional 213 shares in the last quarter. Hedge funds and other institutional investors 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.