Insider Selling: Plexus (NASDAQ:PLXS) Director Sells 500 Shares of Stock

Plexus Corp. (NASDAQ:PLXS) Director Karen Marie Rapp sold 500 shares of Plexus stock in a transaction dated Monday, August 31st. The shares were sold at an average price of $240.87, for a total value of $120,435.00. Following the sale, the director owned 7,535 shares of the company’s stock, valued at approximately $1,814,955.45. This trade represents a 6.22% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Plexus Trading Down 0.6%

Shares of PLXS opened at $239.47 on Tuesday. Plexus Corp. has a 1-year low of $132.03 and a 1-year high of $307.06. The company has a market capitalization of $6.41 billion, a P/E ratio of 35.32 and a beta of 0.90. 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’s 50 day simple moving average is $262.34 and its 200 day simple moving average is $244.46.

Plexus (NASDAQ:PLXS) last released its quarterly earnings results on Wednesday, July 29th. The technology company reported $2.32 EPS for the quarter, topping analysts’ consensus estimates 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 quarter in the previous year, the company earned $1.64 EPS. Plexus has set its Q4 2026 guidance at 2.470-2.630 EPS. Sell-side analysts forecast that Plexus Corp. will post 7.11 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

PLXS has been the subject of several research reports. Stifel Nicolaus upped their target price on shares of Plexus from $280.00 to $330.00 and gave the stock a “buy” rating in a research report on Monday, June 22nd. Weiss Ratings lowered Plexus from a “buy (b)” rating to a “buy (b-)” rating in a research note on Tuesday, August 11th. Needham & Company LLC reiterated a “buy” rating and issued a $310.00 price objective on shares of Plexus in a report on Friday, August 14th. Sidoti upgraded Plexus from a “neutral” rating to a “buy” rating and set a $308.00 price objective on the stock in a research report on Friday, July 31st. Finally, Zacks Research upgraded Plexus from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, August 11th. One 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 presently has an average rating of “Buy” and a consensus target price of $273.00.

Institutional Trading of Plexus

Several hedge funds have recently added to or reduced their stakes in the business. California State Teachers Retirement System grew its stake in shares of Plexus by 29,890.4% during the second quarter. California State Teachers Retirement System now owns 9,414,880 shares of the technology company’s stock valued at $2,830,772,000 after buying an additional 9,383,487 shares during the last quarter. BlackRock Inc. purchased a new stake in Plexus during the 2nd quarter valued at about $1,311,631,000. Dimensional Fund Advisors LP grew its position in Plexus by 0.5% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,373,457 shares of the technology company’s stock worth $201,903,000 after acquiring an additional 7,051 shares during the last quarter. State Street Corp grew its position in Plexus by 2.3% during the 2nd quarter. State Street Corp now owns 1,059,501 shares of the technology company’s stock worth $143,361,000 after acquiring an additional 24,115 shares during the last quarter. Finally, Geode Capital Management LLC increased its stake in Plexus by 0.6% in the 4th quarter. Geode Capital Management LLC now owns 672,614 shares of the technology company’s stock worth $98,890,000 after purchasing an additional 4,054 shares during the period. 94.45% of the stock is owned by institutional investors.

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.