Dean Foate Sells 5,000 Shares of Plexus (NASDAQ:PLXS) Stock

Plexus Corp. (NASDAQ:PLXS) Chairman Dean Foate sold 5,000 shares of the company’s stock in a transaction that occurred on Monday, February 2nd. The shares were sold at an average price of $204.89, for a total value of $1,024,450.00. Following the completion of the transaction, the chairman directly owned 15,000 shares in the company, valued at $3,073,350. This trade represents a 25.00% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.

Plexus Stock Performance

Shares of Plexus stock traded down $7.50 during trading on Wednesday, hitting $196.28. 700,113 shares of the company’s stock traded hands, compared to its average volume of 352,257. Plexus Corp. has a 1 year low of $103.43 and a 1 year high of $208.92. The business has a 50-day simple moving average of $162.53 and a 200-day simple moving average of $146.96. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.59 and a quick ratio of 0.75. The stock has a market capitalization of $5.25 billion, a P/E ratio of 30.53 and a beta of 0.81.

Plexus (NASDAQ:PLXS) last issued its quarterly earnings data on Wednesday, January 28th. The technology company reported $1.78 earnings per share for the quarter, beating analysts’ consensus estimates of $1.77 by $0.01. The company had revenue of $1.07 billion for the quarter, compared to the consensus estimate of $1.07 billion. Plexus had a net margin of 4.28% and a return on equity of 12.39%. The firm’s revenue for the quarter was up 9.6% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.73 earnings per share. Plexus has set its Q2 2026 guidance at 1.800-1.950 EPS. As a group, analysts forecast that Plexus Corp. will post 5.9 EPS for the current year.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on PLXS. Benchmark boosted their price objective on shares of Plexus from $165.00 to $195.00 and gave the company a “buy” rating in a research report on Wednesday, January 28th. Wall Street Zen lowered shares of Plexus from a “buy” rating to a “hold” rating in a research report on Saturday, November 22nd. Weiss Ratings reiterated a “hold (c+)” rating on shares of Plexus in a research note on Thursday, January 22nd. Sidoti cut Plexus from a “buy” rating to a “neutral” rating and set a $150.00 target price for the company. in a research report on Friday, October 24th. Finally, Williams Trading set a $195.00 price target on Plexus in a research note on Wednesday, January 28th. Two investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $189.20.

Plexus News Roundup

Here are the key news stories impacting Plexus this week:

• Positive Sentiment: Analysts have raised Plexus’ price targets (one report notes a 26.29% increase to $204.82), which supports upside relative to prior targets. Article Title
• Positive Sentiment: Several broker reports (Benchmark, Stifel, Williams Trading) have lifted price objectives or reiterated coverage, keeping Street sentiment constructive overall. MarketBeat PLXS Coverage
• Positive Sentiment: Major institutional holders reported increases in positions (e.g., Massachusetts Financial Services, Wedge Capital), indicating continued institutional interest beneath the surface. Institutional Holdings
• Neutral Sentiment: Latest quarterly results showed a very slight EPS beat (reported $1.78 vs. $1.77 estimate) and revenue essentially in line; management guided Q2 to $1.80–$1.95 EPS — generally stable but not a clear catalyst. Earnings & Guidance
• Negative Sentiment: CEO Todd P. Kelsey sold 8,120 shares at ~$205.65 (≈$1.67M), a ~9.4% reduction in his holdings — a sizable insider sale that can spook investors. CEO Form 4
• Negative Sentiment: CFO Patrick J. Jermain sold 4,841 shares at ~$204.01 (~$988k), a ~19% reduction in his stake — another senior-management sell. CFO Form 4
• Negative Sentiment: Chairman Dean A. Foate sold 5,000 shares at ~$204.89 (~$1.02M), trimming his position by 25% — adds to the cluster of insider liquidity. Chairman Form 4
• Negative Sentiment: Other insiders (e.g., Michael J. Running) also reported smaller sales, amplifying the market’s interpretation that executives are taking profits near recent highs. Insider Sale Filing

Hedge Funds Weigh In On Plexus

Several large investors have recently modified their holdings of the stock. Oregon Public Employees Retirement Fund increased its position in Plexus by 1.2% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 6,175 shares of the technology company’s stock valued at $908,000 after acquiring an additional 71 shares during the last quarter. Argos Wealth Advisors LLC purchased a new position in shares of Plexus during the fourth quarter valued at approximately $840,000. Sequoia Financial Advisors LLC purchased a new stake in shares of Plexus in the fourth quarter worth approximately $261,000. Reynders McVeigh Capital Management LLC purchased a new stake in shares of Plexus in the fourth quarter worth approximately $203,000. Finally, Delta Investment Management LLC purchased a new position in Plexus during the 4th quarter valued at $216,000. Institutional investors own 94.45% of the company’s stock.

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.