Plexus (NASDAQ:PLXS) Shares Down 8.9% – Here’s What Happened

Plexus Corp. (NASDAQ:PLXS) shares dropped 8.9% during trading on Thursday. The stock traded as low as $223.70 and last traded at $217.9980. 72,950 shares were traded during trading, a decline of 77% from the average session volume of 311,615 shares. The stock had previously closed at $239.34.

Plexus News Roundup

Here are the key news stories impacting Plexus this week:

• Positive Sentiment: Fiscal Q4 adjusted EPS was $2.84, above the roughly $2.55–$2.57 analyst consensus, while revenue of $1.427 billion exceeded expectations near $1.36 billion. Revenue increased 34.9% year over year, and adjusted operating margin reached 6.7%. Plexus Q4 Earnings and Revenues Surpass Estimates
• Positive Sentiment: Fiscal 2026 revenue reached a record $4.965 billion, up 23% from the prior year, while adjusted EPS rose to $8.97 from $7.43. Plexus also won 36 manufacturing programs representing $290 million in annualized revenue when fully ramped and expanded its qualified opportunity pipeline to $4.9 billion. Plexus Fiscal 2026 Financial Results
• Positive Sentiment: Management introduced a higher long-term non-GAAP operating-margin goal of 6.5% to 7.0%, expects at least $100 million of fiscal 2027 free cash flow, and has authorized a new $100 million share-repurchase program.
• Neutral Sentiment: Technical momentum had been improving: PLXS shares recently crossed above their 200-day moving average, a signal that can attract technical buyers. Plexus Stock Crosses Above Two Hundred Day Moving Average
• Negative Sentiment: Fiscal Q1 2027 guidance implies a sequential slowdown in adjusted EPS, with a midpoint of approximately $2.54 versus $2.84 in Q4. Adjusted operating-margin guidance of 6.0%–6.4% is also below the latest 6.7% result, potentially disappointing investors expecting continued near-term acceleration.
• Negative Sentiment: Full-year free cash flow was negative $28.9 million because of heavy capital investment and working-capital needs. Customer concentration also increased, with the top 10 customers accounting for 56% of Q4 revenue.
• Negative Sentiment: Reported insider activity has been heavily weighted toward selling, including multiple sales by Chief Executive Officer Todd Kelsey, which may add to investor caution after the stock’s substantial advance.

Analyst Ratings Changes

PLXS has been the topic of several recent analyst reports. KeyCorp raised Plexus from a “sector weight” rating to an “overweight” rating and set a $300.00 price target on the stock in a research note on Monday, September 21st. Weiss Ratings lowered shares of Plexus from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Friday, October 23rd. Sidoti upgraded Plexus from a “neutral” rating to a “buy” rating and set a $308.00 price objective for the company in a research note on Friday, July 31st. Needham & Company LLC reaffirmed a “buy” rating and issued a $310.00 price target on shares of Plexus in a report on Friday, August 14th. Finally, Zacks Research raised shares of Plexus from a “hold” rating to a “strong-buy” rating in a report on Tuesday, August 11th. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus target price of $276.86.

Plexus Stock Down 8.5%

The company has a debt-to-equity ratio of 0.06, a current ratio of 1.49 and a quick ratio of 0.72. The stock has a market capitalization of $5.86 billion, a PE ratio of 32.20 and a beta of 0.88. The company has a 50 day moving average price of $247.99 and a 200-day moving average price of $238.91.

Plexus (NASDAQ:PLXS) last announced its earnings results on Wednesday, October 28th. The technology company reported $2.84 earnings per share for the quarter, beating analysts’ consensus estimates of $2.55 by $0.29. Plexus had a net margin of 4.03% and a return on equity of 12.46%. The business had revenue of $1.43 billion during the quarter, compared to the consensus estimate of $1.36 billion. During the same quarter last year, the firm earned $2.14 earnings per share. The business’s revenue for the quarter was up 34.9% on a year-over-year basis. As a group, analysts forecast that Plexus Corp. will post 7.13 earnings per share for the current fiscal year.

Insider Activity at Plexus

In related news, Director Karen Rapp sold 500 shares of the business’s stock in a transaction on Monday, August 31st. The stock was sold at an average price of $240.87, for a total transaction of $120,435.00. Following the completion of the transaction, the director owned 7,535 shares in the company, valued at $1,814,955.45. The trade was a 6.22% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Michael V. Schrock sold 4,000 shares of Plexus stock in a transaction on Tuesday, August 11th. The shares were sold at an average price of $275.00, for a total value of $1,100,000.00. Following the sale, the director directly owned 40,329 shares of the company’s stock, valued at approximately $11,090,475. This trade represents a 9.02% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 9,000 shares of company stock valued at $2,319,260 over the last 90 days. 1.78% of the stock is owned by corporate insiders.

Institutional Trading of Plexus

Institutional investors have recently modified their holdings of the company. Vise Technologies Inc. grew its holdings in Plexus by 45.1% in the third quarter. Vise Technologies Inc. now owns 1,598 shares of the technology company’s stock worth $417,000 after purchasing an additional 497 shares during the last quarter. VestGen Advisors LLC purchased a new stake in Plexus during the 3rd quarter valued at about $378,000. Moody Aldrich Partners LLC increased its holdings in shares of Plexus by 4.1% in the third quarter. Moody Aldrich Partners LLC now owns 15,834 shares of the technology company’s stock valued at $4,132,000 after purchasing an additional 629 shares during the period. Smith Group Asset Management LLC increased its holdings in shares of Plexus by 1.6% in the third quarter. Smith Group Asset Management LLC now owns 4,536 shares of the technology company’s stock valued at $1,184,000 after purchasing an additional 73 shares during the period. Finally, Signaturefd LLC raised its stake in shares of Plexus by 6.1% in the third quarter. Signaturefd LLC now owns 1,765 shares of the technology company’s stock worth $461,000 after purchasing an additional 101 shares during the last quarter. 94.45% of the stock is currently owned by institutional investors.

Plexus Company Profile

Plexus Corp. is an electronics manufacturing services company that helps customers design, develop, manufacture and service complex electronic products. The company provides an integrated product-realization process spanning engineering and design, supply-chain management, manufacturing, testing, logistics and aftermarket services.

Plexus supports original equipment manufacturers in industries including healthcare and life sciences, industrial and commercial, aerospace and defense, and communications.