Plexus (PLXS) – Analysts’ Weekly Ratings Changes

Several analysts have recently updated their ratings and price targets for Plexus (NASDAQ: PLXS):

• 11/6/2024 – Plexus was downgraded by analysts at StockNews.com from a “buy” rating to a “hold” rating.
• 10/29/2024 – Plexus was upgraded by analysts at StockNews.com from a “hold” rating to a “buy” rating.
• 10/28/2024 – Plexus had its price target raised by analysts at Benchmark Co. from $150.00 to $165.00. They now have a “buy” rating on the stock.
• 10/25/2024 – Plexus had its price target raised by analysts at Needham & Company LLC from $144.00 to $162.00. They now have a “buy” rating on the stock.
• 10/22/2024 – Plexus is now covered by analysts at KeyCorp. They set a “sector weight” rating on the stock.
• 10/21/2024 – Plexus had its “buy” rating reaffirmed by analysts at Benchmark Co.. They now have a $150.00 price target on the stock.
• 10/1/2024 – Plexus had its price target raised by analysts at Benchmark Co. from $145.00 to $150.00. They now have a “buy” rating on the stock.

Plexus Stock Performance

Shares of NASDAQ PLXS traded down $2.75 during midday trading on Monday, reaching $163.22. The company’s stock had a trading volume of 113,921 shares, compared to its average volume of 131,764. Plexus Corp. has a 12-month low of $90.18 and a 12-month high of $169.41. The firm has a 50 day moving average price of $136.01 and a 200-day moving average price of $120.45. The stock has a market capitalization of $4.44 billion, a P/E ratio of 40.70 and a beta of 0.87. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.51 and a quick ratio of 0.71.

Plexus (NASDAQ:PLXS) last posted its quarterly earnings results on Wednesday, October 23rd. The technology company reported $1.85 EPS for the quarter, topping analysts’ consensus estimates of $1.55 by $0.30. The company had revenue of $1.05 billion for the quarter, compared to analysts’ expectations of $1.01 billion. Plexus had a net margin of 2.82% and a return on equity of 9.51%. Plexus’s revenue was up 2.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.44 EPS. As a group, equities analysts predict that Plexus Corp. will post 6.2 earnings per share for the current year.

Insider Buying and Selling at Plexus

In other news, CEO Todd P. Kelsey sold 1,000 shares of the company’s stock in a transaction on Friday, August 16th. The shares were sold at an average price of $123.75, for a total value of $123,750.00. Following the transaction, the chief executive officer now owns 87,026 shares of the company’s stock, valued at approximately $10,769,467.50. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In related news, CFO Patrick John Jermain sold 2,643 shares of the company’s stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $166.32, for a total value of $439,583.76. Following the completion of the transaction, the chief financial officer now directly owns 21,959 shares in the company, valued at approximately $3,652,220.88. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Todd P. Kelsey sold 1,000 shares of the company’s stock in a transaction on Friday, August 16th. The stock was sold at an average price of $123.75, for a total transaction of $123,750.00. Following the completion of the transaction, the chief executive officer now owns 87,026 shares of the company’s stock, valued at $10,769,467.50. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 42,021 shares of company stock valued at $6,285,388 in the last 90 days. 2.39% of the stock is currently owned by company insiders.

Institutional Trading of Plexus

Institutional investors have recently added to or reduced their stakes in the business. Quest Partners LLC raised its stake in Plexus by 36,700.0% in the second quarter. Quest Partners LLC now owns 368 shares of the technology company’s stock worth $38,000 after buying an additional 367 shares in the last quarter. Innealta Capital LLC bought a new position in shares of Plexus during the second quarter valued at approximately $51,000. Farther Finance Advisors LLC increased its stake in shares of Plexus by 89.4% during the third quarter. Farther Finance Advisors LLC now owns 464 shares of the technology company’s stock valued at $63,000 after purchasing an additional 219 shares in the last quarter. Advisors Asset Management Inc. grew its holdings in shares of Plexus by 85.0% during the third quarter. Advisors Asset Management Inc. now owns 664 shares of the technology company’s stock valued at $91,000 after buying an additional 305 shares during the last quarter. Finally, EntryPoint Capital LLC grew its holdings in shares of Plexus by 56.2% during the first quarter. EntryPoint Capital LLC now owns 976 shares of the technology company’s stock valued at $93,000 after buying an additional 351 shares during the last quarter. 94.45% of the stock is currently owned by hedge funds and other institutional investors.

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.