Insider Selling: Plexus (NASDAQ:PLXS) Insider Sells 510 Shares of Stock

Plexus Corp. (NASDAQ:PLXS) insider Michael Running sold 510 shares of the firm’s stock in a transaction that occurred on Friday, June 5th. The shares were sold at an average price of $272.17, for a total transaction of $138,806.70. Following the completion of the sale, the insider directly owned 665 shares in the company, valued at $180,993.05. This represents a 43.40% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

Plexus Price Performance

PLXS traded up $9.28 on Monday, reaching $282.29. The company had a trading volume of 416,459 shares, compared to its average volume of 338,922. The business has a 50 day simple moving average of $245.12 and a 200 day simple moving average of $199.73. The company has a market cap of $7.55 billion, a price-to-earnings ratio of 41.27 and a beta of 0.89. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.74 and a current ratio of 1.54. Plexus Corp. has a 52-week low of $115.35 and a 52-week high of $292.33.

Plexus (NASDAQ:PLXS) last issued its quarterly earnings results on Wednesday, April 29th. The technology company reported $2.05 EPS for the quarter, beating analysts’ consensus estimates of $1.87 by $0.18. The business had revenue of $1.16 billion for the quarter, compared to analysts’ expectations of $1.13 billion. Plexus had a net margin of 4.35% and a return on equity of 12.84%. The business’s quarterly revenue was up 18.7% on a year-over-year basis. During the same period last year, the business earned $1.66 earnings per share. Plexus has set its Q3 2026 guidance at 2.020-2.180 EPS. As a group, sell-side analysts anticipate that Plexus Corp. will post 5.98 EPS for the current year.

Institutional Investors Weigh In On Plexus

Several hedge funds have recently added to or reduced their stakes in the stock. Covestor Ltd boosted its position in shares of Plexus by 207.7% during the fourth quarter. Covestor Ltd now owns 240 shares of the technology company’s stock valued at $35,000 after buying an additional 162 shares during the last quarter. Allworth Financial LP increased its holdings in Plexus by 70.1% in the 3rd quarter. Allworth Financial LP now owns 250 shares of the technology company’s stock worth $36,000 after buying an additional 103 shares in the last quarter. Johnson Financial Group Inc. bought a new stake in Plexus in the 3rd quarter worth about $72,000. Farther Finance Advisors LLC increased its holdings in Plexus by 114.7% in the 4th quarter. Farther Finance Advisors LLC now owns 511 shares of the technology company’s stock worth $75,000 after buying an additional 273 shares in the last quarter. Finally, EverSource Wealth Advisors LLC increased its holdings in Plexus by 583.3% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 574 shares of the technology company’s stock worth $78,000 after buying an additional 490 shares in the last quarter. 94.45% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

PLXS has been the topic of several recent research reports. Zacks Research cut Plexus from a “hold” rating to a “strong sell” rating in a research note on Wednesday, May 20th. Weiss Ratings raised Plexus from a “buy (b-)” rating to a “buy (b)” rating in a research note on Monday, May 11th. Benchmark reaffirmed a “buy” rating and issued a $220.00 price target on shares of Plexus in a research note on Monday, March 16th. Needham & Company LLC upped their price target on Plexus from $285.00 to $310.00 and gave the stock a “buy” rating in a research note on Monday, June 1st. Finally, Raymond James Financial reaffirmed an “outperform” rating and issued a $275.00 price target on shares of Plexus in a research note on Thursday, April 30th. Five research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $238.33.

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.