Karen Marie Rapp Sells 500 Shares of Plexus (NASDAQ:PLXS) Stock

Plexus Corp. (NASDAQ:PLXS) Director Karen Marie Rapp sold 500 shares of the business’s stock in a transaction that occurred on Friday, February 27th. The shares were sold at an average price of $195.59, for a total transaction of $97,795.00. Following the sale, the director owned 8,535 shares in the company, valued at $1,669,360.65. This represents a 5.53% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Plexus Trading Up 0.5%

Shares of NASDAQ:PLXS traded up $0.92 during mid-day trading on Monday, hitting $195.05. The stock had a trading volume of 562,764 shares, compared to its average volume of 348,364. The company’s 50 day moving average is $180.10 and its 200-day moving average is $156.04. Plexus Corp. has a 12-month low of $103.43 and a 12-month high of $211.84. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.75 and a current ratio of 1.59. The company has a market cap of $5.22 billion, a PE ratio of 30.33 and a beta of 0.81.

Plexus (NASDAQ:PLXS) last announced its earnings results on Wednesday, January 28th. The technology company reported $1.78 earnings per share (EPS) for the quarter, beating the consensus estimate 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 company’s revenue was up 9.6% on a year-over-year basis. During the same period in the previous year, the business earned $1.73 EPS. Plexus has set its Q2 2026 guidance at 1.800-1.950 EPS. On average, sell-side analysts predict that Plexus Corp. will post 5.9 EPS for the current year.

Institutional Investors Weigh In On Plexus

A number of hedge funds have recently bought and sold shares of PLXS. American Century Companies Inc. lifted its position in shares of Plexus by 44.2% during the 3rd quarter. American Century Companies Inc. now owns 1,103,892 shares of the technology company’s stock worth $159,722,000 after purchasing an additional 338,119 shares during the last quarter. Victory Capital Management Inc. increased its position in Plexus by 130.0% in the 4th quarter. Victory Capital Management Inc. now owns 349,057 shares of the technology company’s stock worth $51,311,000 after buying an additional 197,283 shares during the period. MetLife Investment Management LLC lifted its holdings in shares of Plexus by 713.3% during the fourth quarter. MetLife Investment Management LLC now owns 126,971 shares of the technology company’s stock worth $18,665,000 after buying an additional 111,360 shares during the last quarter. Balyasny Asset Management L.P. bought a new stake in shares of Plexus in the third quarter valued at approximately $12,509,000. Finally, Arrowstreet Capital Limited Partnership grew its stake in shares of Plexus by 965.0% in the third quarter. Arrowstreet Capital Limited Partnership now owns 80,890 shares of the technology company’s stock worth $11,704,000 after acquiring an additional 73,295 shares during the last quarter. 94.45% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

PLXS has been the topic of a number of research reports. Needham & Company LLC upped their target price on Plexus from $165.00 to $206.00 and gave the company a “buy” rating in a report on Friday, January 30th. 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. Zacks Research upgraded shares of Plexus from a “hold” rating to a “strong-buy” rating in a research note on Friday, February 6th. Weiss Ratings downgraded shares of Plexus from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Friday, February 20th. Finally, Wall Street Zen upgraded shares of Plexus from a “hold” rating to a “buy” rating in a report on Saturday. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $189.20.

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.