Plexus (NASDAQ:PLXS) Downgraded by Zacks Research to “Hold”

Zacks Research cut shares of Plexus (NASDAQ:PLXS) from a strong-buy rating to a hold rating in a research note published on Monday morning,Zacks.com reports.

PLXS has been the subject of a number of other research reports. Needham & Company LLC lifted their target price on shares of Plexus from $165.00 to $206.00 and gave the company a “buy” rating in a research note on Friday, January 30th. Wall Street Zen lowered shares of Plexus from a “buy” rating to a “hold” rating in a research note on Sunday, March 8th. Benchmark reissued a “buy” rating and set a $220.00 target price on shares of Plexus in a research note on Monday, March 16th. Williams Trading set a $195.00 target price on shares of Plexus in a research note on Wednesday, January 28th. Finally, Stifel Nicolaus lifted their target price on shares of Plexus from $150.00 to $200.00 and gave the company a “hold” rating in a research note on Friday, January 30th. Three research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $194.20.

Plexus Stock Down 2.9%

Shares of NASDAQ:PLXS traded down $6.70 during trading on Monday, reaching $221.26. 48,032 shares of the company traded hands, compared to its average volume of 345,213. The firm has a fifty day simple moving average of $202.21 and a 200 day simple moving average of $170.82. The firm has a market cap of $5.93 billion, a P/E ratio of 34.42 and a beta of 0.75. Plexus has a 1-year low of $115.35 and a 1-year high of $232.17. The company has a quick ratio of 0.75, a current ratio of 1.59 and a debt-to-equity ratio of 0.06.

Plexus (NASDAQ:PLXS) last issued its earnings results on Wednesday, January 28th. The technology company reported $1.78 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.77 by $0.01. The company had revenue of $1.07 billion during the quarter, compared to analyst estimates of $1.07 billion. Plexus had a net margin of 4.28% and a return on equity of 12.39%. The company’s revenue for the quarter was up 9.6% on a year-over-year basis. During the same quarter last year, the business posted $1.73 EPS. Plexus has set its Q2 2026 guidance at 1.800-1.950 EPS. Analysts anticipate that Plexus will post 5.9 earnings per share for the current fiscal year.

Insider Buying and Selling at Plexus

In other news, CAO Angelo Michael Ninivaggi, Jr. sold 4,303 shares of the firm’s stock in a transaction on Thursday, February 5th. The shares were sold at an average price of $203.06, for a total transaction of $873,767.18. Following the transaction, the chief accounting officer owned 20,099 shares in the company, valued at approximately $4,081,302.94. This trade represents a 17.63% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Chairman Dean A. Foate sold 5,000 shares of the firm’s stock in a transaction on Monday, February 2nd. The shares were sold at an average price of $204.89, for a total transaction of $1,024,450.00. Following the transaction, the chairman owned 15,000 shares in the company, valued at $3,073,350. This represents a 25.00% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 49,495 shares of company stock worth $10,009,836 in the last ninety days. Company insiders own 1.78% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. Salomon & Ludwin LLC bought a new position in shares of Plexus during the 3rd quarter valued at $30,000. Covestor Ltd raised its holdings in Plexus by 207.7% in the 4th 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. Allworth Financial LP raised its holdings in Plexus by 70.1% in the 3rd quarter. Allworth Financial LP now owns 250 shares of the technology company’s stock worth $36,000 after acquiring an additional 103 shares during the period. Johnson Financial Group Inc. bought a new position in Plexus in the 3rd quarter worth $72,000. Finally, Farther Finance Advisors LLC raised its holdings in Plexus by 114.7% in the 4th quarter. Farther Finance Advisors LLC now owns 511 shares of the technology company’s stock worth $75,000 after acquiring an additional 273 shares during the period. 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.