Plexus (NASDAQ:PLXS) Director Sells $120,435.00 in Stock

Plexus Corp. (NASDAQ:PLXS) Director Karen Rapp sold 500 shares of the stock in a transaction dated Monday, August 31st. The stock was sold at an average price of $240.87, for a total transaction of $120,435.00. Following the sale, the director directly owned 7,535 shares in the company, valued at approximately $1,814,955.45. This represents a 6.22% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Plexus Trading Up 1.2%

Shares of NASDAQ PLXS opened at $242.07 on Friday. Plexus Corp. has a 1-year low of $132.03 and a 1-year high of $307.06. The company has a market cap of $6.48 billion, a PE ratio of 35.70 and a beta of 0.89. The company has a current ratio of 1.49, a quick ratio of 0.72 and a debt-to-equity ratio of 0.06. The company has a 50-day moving average of $259.30 and a two-hundred day moving average of $245.27.

Plexus (NASDAQ:PLXS) last released its quarterly earnings results on Wednesday, July 29th. The technology company reported $2.32 EPS for the quarter, beating the consensus estimate of $2.13 by $0.19. Plexus had a net margin of 4.03% and a return on equity of 12.46%. The business had revenue of $1.30 billion for the quarter, compared to analysts’ expectations of $1.23 billion. During the same period in the prior year, the firm earned $1.64 earnings per share. Plexus’s revenue was up 28.2% compared to the same quarter last year. Plexus has set its Q4 2026 guidance at 2.470-2.630 EPS. As a group, equities analysts expect that Plexus Corp. will post 7.11 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on PLXS shares. Needham & Company LLC reaffirmed a “buy” rating and set a $310.00 price target on shares of Plexus in a research note on Friday, August 14th. Sidoti raised Plexus from a “neutral” rating to a “buy” rating and set a $308.00 price objective for the company in a report on Friday, July 31st. Weiss Ratings downgraded shares of Plexus from a “buy (b)” rating to a “buy (b-)” rating in a research report on Tuesday, August 11th. Zacks Research raised shares of Plexus from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, August 11th. Finally, Stifel Nicolaus lifted their price target on shares of Plexus from $280.00 to $330.00 and gave the stock a “buy” rating in a research report on Monday, June 22nd. One equities research analyst has rated the stock with a Strong Buy rating and six have assigned a Buy rating to the company’s stock. According to data from MarketBeat.com, Plexus has a consensus rating of “Buy” and an average price target of $273.00.

Hedge Funds Weigh In On Plexus

Several institutional investors have recently modified their holdings of the stock. Inspire Investing LLC raised its position in shares of Plexus by 1.6% in the 4th quarter. Inspire Investing LLC now owns 3,178 shares of the technology company’s stock valued at $467,000 after acquiring an additional 50 shares during the period. Allworth Financial LP grew its holdings in Plexus by 20.8% during the fourth quarter. Allworth Financial LP now owns 302 shares of the technology company’s stock valued at $44,000 after purchasing an additional 52 shares during the period. Maryland State Retirement & Pension System increased its stake in Plexus by 1.5% in the fourth quarter. Maryland State Retirement & Pension System now owns 3,940 shares of the technology company’s stock valued at $579,000 after purchasing an additional 60 shares in the last quarter. Trust Point Inc. increased its stake in Plexus by 5.5% in the second quarter. Trust Point Inc. now owns 1,308 shares of the technology company’s stock valued at $393,000 after purchasing an additional 68 shares in the last quarter. Finally, Oregon Public Employees Retirement Fund raised its holdings in Plexus by 1.2% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 6,175 shares of the technology company’s stock worth $908,000 after purchasing an additional 71 shares during the period. 94.45% of the stock is currently owned by institutional investors and hedge funds.

Plexus Company Profile

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.