Michael Schrock Sells 4,000 Shares of Plexus (NASDAQ:PLXS) Stock

Plexus Corp. (NASDAQ:PLXS) Director Michael Schrock sold 4,000 shares of the company’s stock in a transaction that occurred on Tuesday, August 11th. The shares were sold at an average price of $275.00, for a total value of $1,100,000.00. Following the completion of the sale, the director owned 40,329 shares in the company, valued at approximately $11,090,475. This represents a 9.02% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Plexus Stock Performance

NASDAQ:PLXS traded down $7.91 during midday trading on Thursday, hitting $264.04. The company’s stock had a trading volume of 238,760 shares, compared to its average volume of 334,981. Plexus Corp. has a fifty-two week low of $126.86 and a fifty-two week high of $307.06. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.49 and a quick ratio of 0.72. The firm has a market cap of $7.07 billion, a P/E ratio of 38.94 and a beta of 0.90. The firm’s 50 day moving average is $272.93 and its 200-day moving average is $239.49.

Plexus (NASDAQ:PLXS) last announced its quarterly earnings data on Wednesday, July 29th. The technology company reported $2.32 EPS for the quarter, beating the consensus estimate of $2.13 by $0.19. The business had revenue of $1.30 billion during the quarter, compared to analysts’ expectations of $1.23 billion. Plexus had a net margin of 4.03% and a return on equity of 12.46%. The business’s quarterly revenue was up 28.2% compared to the same quarter last year. During the same period in the previous year, the business posted $1.64 EPS. Plexus has set its Q4 2026 guidance at 2.470-2.630 EPS. Equities analysts anticipate that Plexus Corp. will post 6.73 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms have commented on PLXS. Raymond James Financial reaffirmed an “outperform” rating and issued a $275.00 price target on shares of Plexus in a report on Thursday, April 30th. Stifel Nicolaus lifted their price objective on Plexus from $280.00 to $330.00 and gave the company a “buy” rating in a research note on Monday, June 22nd. Sidoti raised Plexus from a “neutral” rating to a “buy” rating and set a $308.00 price objective for the company in a report on Friday, July 31st. Wall Street Zen upgraded Plexus from a “hold” rating to a “buy” rating in a research note on Saturday, May 2nd. Finally, Needham & Company LLC upped their target price on Plexus from $285.00 to $310.00 and gave the stock a “buy” rating in a research note on Monday, June 1st. One research analyst has rated the stock with a Strong Buy rating and six have issued a Buy rating to the company’s stock. According to data from MarketBeat, Plexus has a consensus rating of “Buy” and an average target price of $273.00.

Institutional Trading of Plexus

Hedge funds have recently added to or reduced their stakes in the company. Inspire Investing LLC raised its holdings in shares of Plexus by 1.6% in the 4th quarter. Inspire Investing LLC now owns 3,178 shares of the technology company’s stock valued at $467,000 after purchasing an additional 50 shares in the last quarter. Allworth Financial LP increased its holdings in Plexus by 20.8% in the fourth quarter. Allworth Financial LP now owns 302 shares of the technology company’s stock valued at $44,000 after buying an additional 52 shares during the last quarter. Maryland State Retirement & Pension System increased its holdings in Plexus by 1.5% in the fourth quarter. Maryland State Retirement & Pension System now owns 3,940 shares of the technology company’s stock valued at $579,000 after buying an additional 60 shares during the last quarter. Trust Point Inc. raised its stake in Plexus by 5.5% in the second quarter. Trust Point Inc. now owns 1,308 shares of the technology company’s stock valued at $393,000 after buying an additional 68 shares in the last quarter. Finally, Oregon Public Employees Retirement Fund raised its stake in Plexus by 1.2% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 6,175 shares of the technology company’s stock valued at $908,000 after buying an additional 71 shares in the last quarter. 94.45% of the stock is owned by hedge funds and other institutional investors.

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.