Plexus (NASDAQ:PLXS) Shares Gap Up – Should You Buy?

Plexus Corp. (NASDAQ:PLXS) shares gapped up before the market opened on Tuesday . The stock had previously closed at $237.61, but opened at $249.44. Plexus shares last traded at $239.6340, with a volume of 91,562 shares trading hands.

Analyst Ratings Changes

A number of research analysts have recently commented on PLXS shares. Stifel Nicolaus upped their price target on shares of Plexus from $280.00 to $330.00 and gave the stock a “buy” rating in a report on Monday, June 22nd. Zacks Research raised shares of Plexus from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, August 11th. Weiss Ratings downgraded shares of Plexus from a “buy (b)” rating to a “buy (b-)” rating in a research note on Tuesday, August 11th. Needham & Company LLC restated a “buy” rating and issued a $310.00 target price on shares of Plexus in a research note on Friday, August 14th. Finally, Raymond James Financial reaffirmed an “outperform” rating and set a $275.00 target price on shares of Plexus in a research report on Thursday, April 30th. One analyst has rated the stock with a Strong Buy rating and six have assigned a Buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Buy” and an average target price of $273.00.

Plexus Stock Up 1.5%

The company has a market cap of $6.54 billion, a P/E ratio of 36.06 and a beta of 0.90. The company has a quick ratio of 0.72, a current ratio of 1.49 and a debt-to-equity ratio of 0.06. The business’s 50 day moving average is $265.90 and its 200 day moving average is $243.72.

Plexus (NASDAQ:PLXS) last issued its quarterly earnings data on Wednesday, July 29th. The technology company reported $2.32 earnings per share for the quarter, topping analysts’ consensus estimates of $2.13 by $0.19. The firm had revenue of $1.30 billion during the quarter, compared to analysts’ expectations of $1.23 billion. Plexus had a return on equity of 12.46% and a net margin of 4.03%.The firm’s quarterly revenue was up 28.2% on a year-over-year basis. During the same period in the prior year, the business posted $1.64 EPS. Plexus has set its Q4 2026 guidance at 2.470-2.630 EPS. As a group, equities analysts anticipate that Plexus Corp. will post 7.11 earnings per share for the current fiscal year.

Insider Activity

In other news, CEO Todd P. Kelsey sold 1,500 shares of the stock in a transaction on Wednesday, August 19th. The stock was sold at an average price of $250.98, for a total transaction of $376,470.00. Following the completion of the sale, the chief executive officer owned 65,888 shares in the company, valued at approximately $16,536,570.24. This represents a 2.23% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Michael J. Running sold 510 shares of the stock in a transaction dated Friday, June 5th. The shares were sold at an average price of $272.17, for a total value of $138,806.70. Following the completion of the sale, the insider owned 665 shares of the company’s stock, valued at approximately $180,993.05. This trade represents a 43.40% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last quarter, insiders sold 8,510 shares of company stock worth $2,347,747. Insiders own 1.78% of the company’s stock.

Institutional Trading of Plexus

Several large investors have recently added to or reduced their stakes in the company. Mitsubishi UFJ Asset Management Co. Ltd. purchased a new stake in Plexus in the second quarter valued at approximately $32,000. Covestor Ltd increased its stake in shares of Plexus by 207.7% in the fourth quarter. Covestor Ltd now owns 240 shares of the technology company’s stock worth $35,000 after acquiring an additional 162 shares during the period. Kilter Group LLC acquired a new stake in shares of Plexus in the second quarter worth $40,000. Allworth Financial LP raised its holdings in shares of Plexus by 20.8% during the fourth quarter. Allworth Financial LP now owns 302 shares of the technology company’s stock worth $44,000 after purchasing an additional 52 shares during the last quarter. Finally, Persistent Asset Partners Ltd purchased a new position in shares of Plexus during the second quarter worth $71,000. Hedge funds and other institutional investors own 94.45% of the company’s stock.

Plexus Company Profile

Plexus Corp. (NASDAQ: PLXS) is a global provider of electronics manufacturing services (EMS) and precision engineered electronics solutions. Headquartered in Neenah, Wisconsin, the company partners with original equipment manufacturers across industries such as medical, industrial, aerospace and defense, computing, and communications. Plexus offers a full suite of services that span new product introduction, product lifecycle management, supply chain management, printed circuit board assembly, system integration, and aftermarket support.

Founded in 1979, Plexus has grown from a regional electronics assembler into a multinational organization with manufacturing and engineering centers across North America, Europe, and Asia.