Insider Selling: Plexus (NASDAQ:PLXS) CFO Sells $285,314.40 in Stock

Plexus Corp. (NASDAQ:PLXS) CFO Patrick John Jermain sold 1,998 shares of the business’s stock in a transaction dated Monday, October 27th. The shares were sold at an average price of $142.80, for a total transaction of $285,314.40. Following the completion of the sale, the chief financial officer owned 18,961 shares of the company’s stock, valued at approximately $2,707,630.80. This represents a 9.53% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link.

Patrick John Jermain also recently made the following trade(s):

• On Wednesday, August 27th, Patrick John Jermain sold 2,500 shares of Plexus stock. The stock was sold at an average price of $137.71, for a total transaction of $344,275.00.
• On Wednesday, August 6th, Patrick John Jermain sold 2,178 shares of Plexus stock. The stock was sold at an average price of $130.42, for a total transaction of $284,054.76.

Plexus Stock Down 0.8%

PLXS stock opened at $139.90 on Friday. The firm’s fifty day simple moving average is $142.02 and its 200-day simple moving average is $134.69. The company has a market capitalization of $3.78 billion, a P/E ratio of 22.35 and a beta of 0.80. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.58 and a quick ratio of 0.77. Plexus Corp. has a 12 month low of $103.43 and a 12 month high of $172.89.

Plexus (NASDAQ:PLXS) last posted its quarterly earnings data on Wednesday, October 22nd. The technology company reported $2.14 earnings per share for the quarter, topping analysts’ consensus estimates of $1.84 by $0.30. Plexus had a net margin of 4.29% and a return on equity of 12.77%. The company had revenue of $1.06 billion during the quarter, compared to analysts’ expectations of $1.05 billion. During the same period in the prior year, the business posted $1.85 earnings per share. The firm’s revenue for the quarter was up .7% on a year-over-year basis. Plexus has set its Q1 2026 guidance at 1.660-1.810 EPS. As a group, equities research analysts forecast that Plexus Corp. will post 5.9 earnings per share for the current year.

Analysts Set New Price Targets

Several analysts recently weighed in on PLXS shares. Sidoti cut shares of Plexus from a “buy” rating to a “neutral” rating and set a $150.00 target price on the stock. in a report on Friday, October 24th. Wall Street Zen cut shares of Plexus from a “strong-buy” rating to a “buy” rating in a research note on Sunday, October 19th. Williams Trading set a $165.00 target price on shares of Plexus in a report on Monday, September 22nd. Needham & Company LLC boosted their target price on shares of Plexus from $158.00 to $165.00 and gave the company a “buy” rating in a report on Thursday, October 23rd. Finally, Stifel Nicolaus set a $150.00 price objective on shares of Plexus in a research note on Friday, October 24th. Two investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, Plexus currently has an average rating of “Hold” and an average target price of $159.00.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. State Street Corp boosted its stake in Plexus by 2.3% during the second quarter. State Street Corp now owns 1,059,501 shares of the technology company’s stock worth $143,361,000 after buying an additional 24,115 shares in the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. boosted its holdings in Plexus by 0.6% during the first quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 975,612 shares of the technology company’s stock worth $125,005,000 after buying an additional 6,257 shares during the last quarter. American Century Companies Inc. lifted its holdings in shares of Plexus by 12.9% during the 2nd quarter. American Century Companies Inc. now owns 765,773 shares of the technology company’s stock valued at $103,617,000 after purchasing an additional 87,551 shares in the last quarter. Fuller & Thaler Asset Management Inc. raised its position in Plexus by 120.4% in the 1st quarter. Fuller & Thaler Asset Management Inc. now owns 348,510 shares of the technology company’s stock valued at $44,655,000 after buying an additional 190,360 shares during the last quarter. Finally, Qube Research & Technologies Ltd raised its position in Plexus by 37.1% in the 2nd quarter. Qube Research & Technologies Ltd now owns 242,726 shares of the technology company’s stock valued at $32,843,000 after buying an additional 65,644 shares during the last quarter. 94.45% of the stock is currently owned by institutional investors and hedge funds.

About Plexus

Plexus Corp. provides electronic manufacturing services in the United States and internationally. It offers design, develop, supply chain, new product introduction, and manufacturing solutions, as well as sustaining services to companies in the healthcare/life sciences, industrial/commercial, aerospace/defense, and communications market sectors.