Dean Foate Sells 5,000 Shares of Plexus (NASDAQ:PLXS) Stock

Plexus Corp. (NASDAQ:PLXS) Chairman Dean Foate sold 5,000 shares of the firm’s stock in a transaction dated Monday, February 2nd. The stock was sold at an average price of $204.89, for a total transaction of $1,024,450.00. Following the completion of the transaction, the chairman directly owned 15,000 shares in the company, valued at $3,073,350. This represents a 25.00% 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 Down 3.7%

Shares of NASDAQ:PLXS traded down $7.50 during trading on Wednesday, reaching $196.28. 700,113 shares of the company were exchanged, compared to its average volume of 352,257. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.59 and a quick ratio of 0.75. The firm has a market capitalization of $5.25 billion, a PE ratio of 30.53 and a beta of 0.81. The business’s fifty day simple moving average is $162.53 and its 200-day simple moving average is $146.96. Plexus Corp. has a 12-month low of $103.43 and a 12-month high of $208.92.

Plexus (NASDAQ:PLXS) last released its quarterly earnings data on Wednesday, January 28th. The technology company reported $1.78 EPS for the quarter, topping 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 return on equity of 12.39% and a net margin of 4.28%.Plexus’s quarterly revenue was up 9.6% on a year-over-year basis. During the same period last year, the business posted $1.73 EPS. Plexus has set its Q2 2026 guidance at 1.800-1.950 EPS. On average, research analysts anticipate that Plexus Corp. will post 5.9 EPS for the current year.

Key Headlines Impacting Plexus

Here are the key news stories impacting Plexus this week:

• Positive Sentiment: Analysts have raised Plexus’ price targets (one report notes a 26.29% increase to $204.82), which supports upside relative to prior targets. Article Title
• Positive Sentiment: Several broker reports (Benchmark, Stifel, Williams Trading) have lifted price objectives or reiterated coverage, keeping Street sentiment constructive overall. MarketBeat PLXS Coverage
• Positive Sentiment: Major institutional holders reported increases in positions (e.g., Massachusetts Financial Services, Wedge Capital), indicating continued institutional interest beneath the surface. Institutional Holdings
• Neutral Sentiment: Latest quarterly results showed a very slight EPS beat (reported $1.78 vs. $1.77 estimate) and revenue essentially in line; management guided Q2 to $1.80–$1.95 EPS — generally stable but not a clear catalyst. Earnings & Guidance
• Negative Sentiment: CEO Todd P. Kelsey sold 8,120 shares at ~$205.65 (≈$1.67M), a ~9.4% reduction in his holdings — a sizable insider sale that can spook investors. CEO Form 4
• Negative Sentiment: CFO Patrick J. Jermain sold 4,841 shares at ~$204.01 (~$988k), a ~19% reduction in his stake — another senior-management sell. CFO Form 4
• Negative Sentiment: Chairman Dean A. Foate sold 5,000 shares at ~$204.89 (~$1.02M), trimming his position by 25% — adds to the cluster of insider liquidity. Chairman Form 4
• Negative Sentiment: Other insiders (e.g., Michael J. Running) also reported smaller sales, amplifying the market’s interpretation that executives are taking profits near recent highs. Insider Sale Filing

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the company. American Century Companies Inc. boosted its position in Plexus by 44.2% in the third quarter. American Century Companies Inc. now owns 1,103,892 shares of the technology company’s stock valued at $159,722,000 after buying an additional 338,119 shares during the last quarter. Balyasny Asset Management L.P. purchased a new position in Plexus during the 3rd quarter worth approximately $12,509,000. Arrowstreet Capital Limited Partnership lifted its stake in Plexus by 965.0% during the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 80,890 shares of the technology company’s stock valued at $11,704,000 after acquiring an additional 73,295 shares during the period. Qube Research & Technologies Ltd boosted its holdings in shares of 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 acquiring an additional 65,644 shares during the last quarter. Finally, Bank of America Corp DE increased its stake in shares of Plexus by 53.6% in the second quarter. Bank of America Corp DE now owns 177,237 shares of the technology company’s stock worth $23,982,000 after acquiring an additional 61,817 shares during the period. 94.45% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms have weighed in on PLXS. Weiss Ratings restated a “hold (c+)” rating on shares of Plexus in a report on Thursday, January 22nd. Needham & Company LLC boosted their price target on Plexus from $165.00 to $206.00 and gave the stock a “buy” rating in a research report on Friday, January 30th. Williams Trading set a $195.00 price objective on Plexus in a research report on Wednesday, January 28th. Benchmark increased their price target 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. Finally, Wall Street Zen lowered shares of Plexus from a “buy” rating to a “hold” rating in a research note on Saturday, November 22nd. Two analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, Plexus has a consensus rating of “Hold” and a consensus price target 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.