Plexus’ (PLXS) Hold (C+) Rating Reiterated at Weiss Ratings

Plexus (NASDAQ:PLXS)‘s stock had its “hold (c+)” rating restated by equities researchers at Weiss Ratings in a research report issued to clients and investors on Saturday,Weiss Ratings reports.

A number of other research firms have also recently commented on PLXS. Wall Street Zen cut shares of Plexus from a “strong-buy” rating to a “buy” rating in a research report on Sunday, October 19th. Sidoti cut Plexus from a “buy” rating to a “neutral” rating and set a $150.00 target price for the company. in a report on Friday. Stifel Nicolaus set a $150.00 target price on Plexus in a report on Friday. Williams Trading set a $165.00 target price on Plexus in a report on Monday, September 22nd. Finally, Needham & Company LLC increased their target price on Plexus from $158.00 to $165.00 and gave the stock a “buy” rating in a report on Thursday. Two analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $159.00.

Plexus Price Performance

PLXS opened at $143.92 on Friday. The company has a quick ratio of 0.74, a current ratio of 1.58 and a debt-to-equity ratio of 0.06. Plexus has a 12 month low of $103.43 and a 12 month high of $172.89. The company has a fifty day simple moving average of $141.04 and a 200 day simple moving average of $134.00. The stock has a market cap of $3.88 billion, a P/E ratio of 22.99 and a beta of 0.80.

Plexus (NASDAQ:PLXS) last released its quarterly earnings data on Wednesday, October 22nd. The technology company reported $2.14 EPS for the quarter, beating analysts’ consensus estimates of $1.84 by $0.30. Plexus had a net margin of 4.29% and a return on equity of 12.77%. The business had revenue of $1.06 billion during the quarter, compared to analysts’ expectations of $1.05 billion. During the same quarter in the prior year, the company earned $1.85 EPS. The firm’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. On average, research analysts expect that Plexus will post 5.9 EPS for the current year.

Insider Activity at Plexus

In other news, CEO Todd P. Kelsey sold 1,500 shares of the stock in a transaction dated Wednesday, October 1st. The shares were sold at an average price of $143.70, for a total transaction of $215,550.00. Following the completion of the transaction, the chief executive officer directly owned 69,214 shares in the company, valued at $9,946,051.80. This represents a 2.12% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CAO Angelo Michael Ninivaggi, Jr. sold 1,576 shares of the stock in a transaction dated Monday, August 25th. The stock was sold at an average price of $137.78, for a total transaction of $217,141.28. Following the transaction, the chief accounting officer owned 24,495 shares of the company’s stock, valued at approximately $3,374,921.10. This represents a 6.05% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 15,856 shares of company stock worth $2,142,440. Corporate insiders own 1.76% of the company’s stock.

Hedge Funds Weigh In On Plexus

A number of large investors have recently modified their holdings of PLXS. Salomon & Ludwin LLC acquired a new position in shares of Plexus during the 3rd quarter worth about $30,000. Huntington National Bank lifted its stake in Plexus by 41.5% in the 2nd quarter. Huntington National Bank now owns 324 shares of the technology company’s stock valued at $44,000 after purchasing an additional 95 shares during the last quarter. TD Private Client Wealth LLC lifted its stake in Plexus by 185.6% in the 1st quarter. TD Private Client Wealth LLC now owns 514 shares of the technology company’s stock valued at $66,000 after purchasing an additional 334 shares during the last quarter. Banque Transatlantique SA acquired a new stake in Plexus in the 1st quarter valued at about $71,000. Finally, CWM LLC lifted its stake in Plexus by 65.7% in the 2nd quarter. CWM LLC now owns 537 shares of the technology company’s stock valued at $73,000 after purchasing an additional 213 shares during the last quarter. 94.45% of the stock is currently owned by institutional investors and hedge funds.

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.