Analysts Set Plexus Corp. (NASDAQ:PLXS) Price Target at $147.25

Plexus Corp. (NASDAQ:PLXS) has been assigned a consensus rating of “Hold” from the five analysts that are presently covering the company, Marketbeat Ratings reports. Three research analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average 1 year price target among brokerages that have covered the stock in the last year is $147.25.

A number of equities analysts recently commented on PLXS shares. Needham & Company LLC upped their target price on Plexus from $144.00 to $162.00 and gave the company a “buy” rating in a report on Friday, October 25th. Stifel Nicolaus raised their target price on shares of Plexus from $136.00 to $150.00 and gave the stock a “hold” rating in a research report on Tuesday, December 10th. Benchmark boosted their price target on shares of Plexus from $150.00 to $165.00 and gave the company a “buy” rating in a research report on Monday, October 28th. KeyCorp assumed coverage on Plexus in a report on Tuesday, October 22nd. They set a “sector weight” rating on the stock. Finally, StockNews.com upgraded Plexus from a “hold” rating to a “buy” rating in a research note on Monday, November 18th.

Plexus Stock Performance

Shares of PLXS stock opened at $159.72 on Friday. The company has a debt-to-equity ratio of 0.07, a quick ratio of 0.71 and a current ratio of 1.51. Plexus has a fifty-two week low of $90.18 and a fifty-two week high of $170.07. The company has a market capitalization of $4.33 billion, a P/E ratio of 39.83 and a beta of 0.91. The stock has a 50 day moving average price of $160.13 and a two-hundred day moving average price of $136.66.

Plexus (NASDAQ:PLXS) last announced its quarterly earnings results on Wednesday, October 23rd. The technology company reported $1.85 earnings per share for the quarter, beating the consensus estimate of $1.55 by $0.30. Plexus had a net margin of 2.82% and a return on equity of 9.51%. The business had revenue of $1.05 billion during the quarter, compared to analysts’ expectations of $1.01 billion. During the same quarter in the prior year, the company posted $1.44 EPS. The firm’s revenue for the quarter was up 2.6% compared to the same quarter last year. Analysts expect that Plexus will post 6.14 earnings per share for the current year.

Insiders Place Their Bets

In other Plexus news, CEO Todd P. Kelsey sold 1,500 shares of the business’s stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $156.39, for a total transaction of $234,585.00. Following the completion of the sale, the chief executive officer now directly owns 74,271 shares in the company, valued at $11,615,241.69. The trade was a 1.98 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, COO Oliver K. Mihm sold 5,691 shares of the stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $167.06, for a total transaction of $950,738.46. Following the completion of the transaction, the chief operating officer now owns 19,585 shares in the company, valued at $3,271,870.10. This trade represents a 22.52 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 34,091 shares of company stock valued at $5,377,960. Company insiders own 1.76% of the company’s stock.

Institutional Investors Weigh In On Plexus

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Quarry LP lifted its stake in shares of Plexus by 573.5% during the 3rd quarter. Quarry LP now owns 229 shares of the technology company’s stock valued at $31,000 after buying an additional 195 shares in the last quarter. Quest Partners LLC raised its holdings in Plexus by 36,700.0% during the second quarter. Quest Partners LLC now owns 368 shares of the technology company’s stock valued at $38,000 after acquiring an additional 367 shares during the period. Point72 DIFC Ltd purchased a new position in shares of Plexus in the third quarter valued at about $51,000. Point72 Asia Singapore Pte. Ltd. bought a new position in shares of Plexus in the third quarter worth about $55,000. Finally, Farther Finance Advisors LLC grew its position 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 worth $63,000 after purchasing an additional 219 shares in the last quarter. 94.45% of the stock is currently owned by hedge funds and other institutional investors.

Plexus Company Profile

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.