Insider Selling: Plexus (NASDAQ:PLXS) Insider Sells $813,690.00 in Stock

Plexus Corp. (NASDAQ:PLXS) insider Victor (Pang Hau) Tan sold 3,000 shares of the stock in a transaction that occurred on Monday, May 11th. The shares were sold at an average price of $271.23, for a total transaction of $813,690.00. Following the sale, the insider directly owned 10,457 shares in the company, valued at $2,836,252.11. This trade represents a 22.29% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

Plexus Price Performance

PLXS opened at $258.43 on Friday. Plexus Corp. has a one year low of $115.35 and a one year high of $275.83. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.54 and a quick ratio of 0.74. The company’s 50 day simple moving average is $223.62 and its 200-day simple moving average is $186.08. The stock has a market capitalization of $6.92 billion, a P/E ratio of 37.78 and a beta of 0.88.

Plexus (NASDAQ:PLXS) last released its quarterly earnings results on Wednesday, April 29th. The technology company reported $2.05 EPS for the quarter, beating the consensus estimate of $1.87 by $0.18. Plexus had a net margin of 4.35% and a return on equity of 12.84%. The business had revenue of $1.16 billion for the quarter, compared to analysts’ expectations of $1.13 billion. During the same period in the prior year, the firm earned $1.66 earnings per share. Plexus’s revenue was up 18.7% compared to the same quarter last year. Plexus has set its Q3 2026 guidance at 2.020-2.180 EPS. Sell-side analysts anticipate that Plexus Corp. will post 6.23 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

PLXS has been the topic of several analyst reports. Weiss Ratings upgraded shares of Plexus from a “buy (b-)” rating to a “buy (b)” rating in a report on Monday. Needham & Company LLC increased their price objective on shares of Plexus from $206.00 to $285.00 and gave the company a “buy” rating in a report on Friday, May 1st. Zacks Research lowered shares of Plexus from a “strong-buy” rating to a “hold” rating in a report on Monday, April 13th. Raymond James Financial restated an “outperform” rating and issued a $275.00 price objective on shares of Plexus in a report on Thursday, April 30th. Finally, Williams Trading set a $195.00 price objective on shares of Plexus in a report on Wednesday, January 28th. Five analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $229.17.

Hedge Funds Weigh In On Plexus

Large investors have recently bought and sold shares of the business. Covestor Ltd raised its holdings in Plexus by 207.7% in the fourth quarter. Covestor Ltd now owns 240 shares of the technology company’s stock worth $35,000 after purchasing an additional 162 shares during the period. Allworth Financial LP raised its holdings in Plexus by 70.1% in the third quarter. Allworth Financial LP now owns 250 shares of the technology company’s stock worth $36,000 after purchasing an additional 103 shares during the period. Johnson Financial Group Inc. acquired a new stake in Plexus in the third quarter worth $72,000. Farther Finance Advisors LLC raised its holdings in Plexus by 114.7% in the fourth quarter. Farther Finance Advisors LLC now owns 511 shares of the technology company’s stock worth $75,000 after purchasing an additional 273 shares during the period. Finally, EverSource Wealth Advisors LLC raised its holdings in Plexus by 583.3% in the second quarter. EverSource Wealth Advisors LLC now owns 574 shares of the technology company’s stock worth $78,000 after purchasing an additional 490 shares during the period. 94.45% of the stock is currently owned by institutional investors and hedge funds.

About Plexus

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.