Plexus (NASDAQ:PLXS) Stock Price Crosses Above 200 Day Moving Average – What’s Next?

Posted by Francis Steltz on Oct 30th, 2026

Plexus Corp. (NASDAQ:PLXS – Get Free Report)’s share price crossed above its two hundred day moving average during trading on Wednesday. The stock has a two hundred day moving average of $238.91 and traded as high as $241.95. Plexus shares last traded at $239.34, with a volume of 699,436 shares trading hands.

Key Stories Impacting Plexus

Here are the key news stories impacting Plexus this week:

Positive Sentiment: Plexus reported record fiscal 2026 revenue of $4.965 billion, up 23% year over year. Fourth-quarter revenue reached $1.427 billion, while adjusted EPS of $2.84 exceeded estimates near $2.55-$2.57. Plexus Announces Fiscal Fourth Quarter and Fiscal Year 2026 Financial Results
Positive Sentiment: Management issued fiscal first-quarter 2027 adjusted EPS guidance of $2.46-$2.62, above the $2.34 consensus, and revenue guidance of $1.41-$1.46 billion, modestly ahead of the $1.4 billion estimate. Plexus Provides Earnings Guidance
Positive Sentiment: The company won 36 manufacturing programs representing $290 million in annualized revenue at full ramp, expanded its qualified opportunity funnel to $4.9 billion, and raised its long-term non-GAAP operating-margin goal to 6.5%-7.0%.
Positive Sentiment: Plexus authorized a new $100 million fiscal 2027 share-repurchase program after buying back $85 million of stock during fiscal 2026. It also expects at least $100 million of free cash flow in fiscal 2027.
Neutral Sentiment: The stock’s decline appears to reflect profit-taking and elevated expectations after a substantial prior rally; the strong quarter and guidance were not enough to produce a positive reaction.
Negative Sentiment: Adjusted operating-margin guidance of 6.0%-6.4% for the first quarter is below the 6.7% achieved in the latest quarter, potentially raising concerns about near-term margin normalization.
Negative Sentiment: Fiscal-year free cash flow was negative $28.9 million because heavy investment and working-capital needs outweighed operating cash generation. The top 10 customers also represented 54% of fiscal-year revenue, increasing concentration risk.

Wall Street Analyst Weigh In

PLXS has been the topic of several research reports. Sidoti raised shares of Plexus from a “neutral” rating to a “buy” rating and set a $308.00 price target on the stock in a research note on Friday, July 31st. Weiss Ratings lowered shares of Plexus from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Friday, October 23rd. KeyCorp upgraded shares of Plexus from a “sector weight” rating to an “overweight” rating and set a $300.00 price target for the company in a report on Monday, September 21st. Wall Street Zen cut Plexus from a “buy” rating to a “hold” rating in a report on Saturday, October 24th. Finally, Zacks Research upgraded shares of Plexus from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, August 11th. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Buy” and an average target price of $276.86.

Check Out Our Latest Stock Analysis on Plexus

Plexus Stock Performance

The business’s fifty day moving average is $246.75 and its two-hundred day moving average is $239.44. The company has a current ratio of 1.43, a quick ratio of 0.72 and a debt-to-equity ratio of 0.05. The company has a market capitalization of $5.57 billion, a PE ratio of 29.15 and a beta of 0.88.

Plexus (NASDAQ:PLXS – Get Free Report) last released its quarterly earnings data on Wednesday, October 28th. The technology company reported $2.84 EPS for the quarter, beating the consensus estimate of $2.55 by $0.29. Plexus had a return on equity of 13.34% and a net margin of 4.08%. The company had revenue of $1.43 billion for the quarter, compared to analysts’ expectations of $1.36 billion. During the same period last year, the firm posted $2.14 earnings per share. Plexus’s revenue was up 34.9% compared to the same quarter last year. Equities research analysts predict that Plexus Corp. will post 8.55 earnings per share for the current year.

Insider Buying and Selling at Plexus

In related news, CEO Todd P. Kelsey sold 1,500 shares of Plexus stock in a transaction on Wednesday, October 21st. The stock was sold at an average price of $239.16, for a total transaction of $358,740.00. Following the transaction, the chief executive officer directly owned 62,888 shares in the company, valued at approximately $15,040,294.08. The trade was a 2.33% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Michael V. Schrock sold 4,000 shares of Plexus stock in a transaction dated Tuesday, August 11th. The shares were sold at an average price of $275.00, for a total value of $1,100,000.00. Following the transaction, the director directly owned 40,329 shares in the company, valued at approximately $11,090,475. The trade was a 9.02% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 9,000 shares of company stock worth $2,319,260 in the last three months. 1.78% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Plexus

Large investors have recently added to or reduced their stakes in the company. Associated Banc Corp purchased a new stake in shares of Plexus in the third quarter worth about $1,627,000. Bridge City Capital LLC increased its position in Plexus by 21.5% during the third quarter. Bridge City Capital LLC now owns 12,353 shares of the technology company’s stock valued at $3,224,000 after acquiring an additional 2,184 shares during the last quarter. Vise Technologies Inc. grew its holdings in Plexus by 45.1% during the 3rd quarter. Vise Technologies Inc. now owns 1,598 shares of the technology company’s stock valued at $417,000 after purchasing an additional 497 shares during the last quarter. VestGen Advisors LLC purchased a new stake in shares of Plexus in the third quarter worth approximately $378,000. Finally, Moody Aldrich Partners LLC increased its stake in Plexus by 4.1% in the third quarter. Moody Aldrich Partners LLC now owns 15,834 shares of the technology company’s stock worth $4,132,000 after purchasing an additional 629 shares during the period. Hedge funds and other institutional investors own 94.45% of the company’s stock.

Plexus Company Profile

(Get Free Report)

Plexus Corp. is an electronics manufacturing services company that helps customers design, develop, manufacture and service complex electronic products. The company provides an integrated product-realization process spanning engineering and design, supply-chain management, manufacturing, testing, logistics and aftermarket services.

Plexus supports original equipment manufacturers in industries including healthcare and life sciences, industrial and commercial, aerospace and defense, and communications.