Needham & Company LLC Issues Positive Forecast for Plexus (NASDAQ:PLXS) Stock Price

by · The Cerbat Gem

Plexus (NASDAQ:PLXS – Get Free Report) had its price target lifted by equities research analysts at Needham & Company LLC from $285.00 to $310.00 in a research note issued on Monday,Benzinga reports. The firm presently has a “buy” rating on the technology company’s stock. Needham & Company LLC’s price objective would suggest a potential upside of 15.52% from the company’s previous close.

Several other research analysts also recently commented on PLXS. Zacks Research downgraded shares of Plexus from a “hold” rating to a “strong sell” rating in a research note on Wednesday, May 20th. Weiss Ratings raised shares of Plexus from a “buy (b-)” rating to a “buy (b)” rating in a research note on Monday, May 11th. Wall Street Zen raised shares of Plexus from a “hold” rating to a “buy” rating in a research note on Saturday, May 2nd. Benchmark reaffirmed a “buy” rating and issued a $220.00 price target on shares of Plexus in a research note on Monday, March 16th. Finally, Stifel Nicolaus set a $280.00 price target on shares of Plexus in a research note on Tuesday, May 26th. Five analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, Plexus has a consensus rating of “Moderate Buy” and an average price target of $238.33.

Get Our Latest Stock Report on Plexus

Plexus Stock Performance

Shares of PLXS opened at $268.36 on Monday. Plexus has a twelve month low of $115.35 and a twelve month high of $275.83. The company has a market cap of $7.18 billion, a P/E ratio of 39.23 and a beta of 0.89. The company has a current ratio of 1.54, a quick ratio of 0.74 and a debt-to-equity ratio of 0.06. The company’s fifty day simple moving average is $237.81 and its 200-day simple moving average is $194.89.

Plexus (NASDAQ:PLXS – Get Free Report) last announced its earnings results on Wednesday, April 29th. The technology company reported $2.05 earnings per share for the quarter, beating the consensus estimate of $1.87 by $0.18. Plexus had a net margin of 4.35% and a return on equity of 12.84%. The business had revenue of $1.16 billion for the quarter, compared to the consensus estimate of $1.13 billion. During the same quarter in the prior year, the firm posted $1.66 earnings per share. The business’s revenue for the quarter was up 18.7% on a year-over-year basis. Plexus has set its Q3 2026 guidance at 2.020-2.180 EPS. As a group, analysts expect that Plexus will post 5.98 EPS for the current year.

Insider Buying and Selling at Plexus

In other Plexus news, CEO Todd P. Kelsey sold 3,000 shares of the firm’s stock in a transaction dated Tuesday, May 5th. The shares were sold at an average price of $268.45, for a total transaction of $805,350.00. Following the transaction, the chief executive officer owned 74,888 shares of the company’s stock, valued at approximately $20,103,683.60. This trade represents a 3.85% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Victor (Pang Hau) Tan sold 3,000 shares of the firm’s stock in a transaction dated Monday, May 11th. The shares were sold at an average price of $271.23, for a total transaction of $813,690.00. Following the transaction, the insider directly owned 10,457 shares in the company, valued at $2,836,252.11. This trade represents a 22.29% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 20,471 shares of company stock valued at $5,275,401. Company insiders own 1.78% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. Covestor Ltd increased its position in Plexus by 207.7% during the 4th quarter. Covestor Ltd now owns 240 shares of the technology company’s stock valued at $35,000 after purchasing an additional 162 shares during the period. Allworth Financial LP increased its position in Plexus by 70.1% during the 3rd quarter. Allworth Financial LP now owns 250 shares of the technology company’s stock valued at $36,000 after purchasing an additional 103 shares during the period. Johnson Financial Group Inc. bought a new stake in shares of Plexus in the 3rd quarter valued at about $72,000. Farther Finance Advisors LLC grew its position in shares of 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 buying an additional 273 shares during the last quarter. Finally, EverSource Wealth Advisors LLC grew its position in shares of Plexus by 583.3% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 574 shares of the technology company’s stock worth $78,000 after buying an additional 490 shares during the last quarter. Hedge funds and other institutional investors own 94.45% of the company’s stock.

About Plexus

(Get Free Report)

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.

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