Plexus Corp. (PLXS) Stock Analysis
Range Bound setup
Technology · Electronic Components
Sell if holding. Engine safety override at $258.43: Quality below floor (3.7 < 4.0) triggers a hard block regardless of the otherwise-positive setup — overall score 5.1/10. Specifically: Below-average business quality; Negative price momentum.
Plexus Corp. designs, manufactures, and services highly complex electronic products for Aerospace/Defense, Healthcare/Life Sciences, and Industrial customers from 26 global facilities with over 20,000 employees. Revenue is primarily from turnkey manufacturing contracts; the top... Read more
Sell if holding. Engine safety override at $258.43: Quality below floor (3.7 < 4.0) triggers a hard block regardless of the otherwise-positive setup — overall score 5.1/10. Specifically: Below-average business quality; Negative price momentum. Chart setup: RSI 58 mid-range, Bollinger mid-band. Score 5.1/10, moderate confidence.
Passes 6/8 gates (clean insider activity, no SEC red flags, news events none recent, earnings proximity 73d clear, semi cycle peak clear, materials cycle peak clear). Fails on weak momentum and favorable risk/reward ratio. Suitability: moderate.
Recent Developments — Plexus Corp.
Material events (past 30 days)
- Apr 29, 2026 MEDIUM Item 5.02: Patrick J. Jermain (EVP & CFO) informed Company of intent to retire July 31, 2026. Will remain as CFO through May 10, 2026, then serve in advisory capacity through July 31. No permanent successor named in disclosed filing.
Latest news
- Needham Maintains Buy on Plexus, Raises Price Target to $285 — benzinga May 1, 2026 positive
- Plexus Appoints David Abuhl CFO, Effective May 11, Succeeding Patrick Jermain — benzinga Apr 29, 2026 neutral
- Plexus Sees Q3 Adj EPS $2.02-$2.18 vs $1.99 Est; Sees Sales $1.200B-$1.250B vs $1.151B Est — benzinga Apr 29, 2026 positive
- Plexus Sees Q3 GAAP EPS $1.25-$1.41 vs $1.81 Est — benzinga Apr 29, 2026 negative
- Plexus Q2 Adj. EPS $2.05 Beats $1.88 Estimate, Sales $1.164B Beat $1.131B Estimate — benzinga Apr 29, 2026 positive
Generated 2026-05-20T20:21:21Z.
Thesis
Key Metrics
Quality Signals
Concentration Risks(10-K Item 1A)
- MEDIUMCustomer10 largest customers49%10-K Item 1A: 'Our 10 largest customers accounted for 49.1% and 47.8% of our net sales in fiscal 2025 and 2024, respectively'
- MEDIUMGeographicMalaysia10-K Item 1A: 'A significant portion of our operations is currently located in the APAC region, particularly in Malaysia'
Material Events(8-K, last 90d)
- 2026-04-29Item 5.02MEDIUMPatrick J. Jermain (EVP & CFO) informed Company of intent to retire July 31, 2026. Will remain as CFO through May 10, 2026, then serve in advisory capacity through July 31. No permanent successor named in disclosed filing.SEC filing →
Model-generated analysis — not investment advice. Not a registered investment advisor. Past performance does not guarantee future results. Full disclaimer
Rating Breakdown
2 floor-breakers
Momentum below the gate floor. Component breakdown shows what dragged the score down.static
Quality below the gate floor. Component breakdown shows what dragged the score down.static
Price Targets
Position Sizing
Risk Alerts
Earnings
Verdict History
Frequently Asked Questions
Sell if holding. Engine safety override at $258.43: Quality below floor (3.7 < 4.0) triggers a hard block regardless of the otherwise-positive setup — overall score 5.1/10. Specifically: Below-average business quality; Negative price momentum. Chart setup: RSI 58 mid-range, Bollinger mid-band. Prior stop was $240.34. Score 5.1/10, moderate confidence.
Take-profit target: $270.31 (+4.6% upside). Prior stop was $240.34. Stop-loss: $240.34.
Target reached (-9.7% upside); Quality below floor (3.7 < 4.0); Value-trap signals (2/5): Margin compression (op margin -4174.4%), High leverage (D/E 3.8).
Plexus Corp. trades at a P/E of 37.9 (forward 27.4). TrendMatrix value score: 4.8/10. Verdict: Sell.
13 analysts cover PLXS with a consensus score of 3.9/5. Average price target: $275.
What does Plexus Corp. do?Plexus Corp. designs, manufactures, and services highly complex electronic products for Aerospace/Defense,...
Plexus Corp. designs, manufactures, and services highly complex electronic products for Aerospace/Defense, Healthcare/Life Sciences, and Industrial customers from 26 global facilities with over 20,000 employees. Revenue is primarily from turnkey manufacturing contracts; the top 10 customers accounted for 49.1% of fiscal 2025 net sales with no single customer exceeding 10%.