Plexus (NASDAQ:PLXS) Director Sells $97,795.00 in Stock

Plexus Corp. (NASDAQ:PLXS) Director Karen Marie Rapp sold 500 shares of the firm’s stock in a transaction dated Friday, February 27th. The shares were sold at an average price of $195.59, for a total value of $97,795.00. Following the completion of the sale, the director directly owned 8,535 shares in the company, valued at approximately $1,669,360.65. This represents a 5.53% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Plexus Price Performance

NASDAQ PLXS opened at $197.97 on Thursday. The stock has a 50-day simple moving average of $182.61 and a 200 day simple moving average of $157.21. Plexus Corp. has a twelve month low of $103.43 and a twelve month high of $211.84. The stock has a market capitalization of $5.30 billion, a PE ratio of 30.79 and a beta of 0.81. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.75 and a current ratio of 1.59.

Plexus (NASDAQ:PLXS) last issued its quarterly earnings results on Wednesday, January 28th. The technology company reported $1.78 EPS for the quarter, topping the consensus estimate of $1.77 by $0.01. Plexus had a return on equity of 12.39% and a net margin of 4.28%.The company had revenue of $1.07 billion for the quarter, compared to the consensus estimate of $1.07 billion. During the same period in the previous year, the business posted $1.73 EPS. The company’s revenue for the quarter was up 9.6% on a year-over-year basis. Plexus has set its Q2 2026 guidance at 1.800-1.950 EPS. Research analysts anticipate that Plexus Corp. will post 5.9 EPS for the current year.

Analysts Set New Price Targets

A number of analysts have weighed in on the stock. Benchmark increased their price target on shares of Plexus from $165.00 to $195.00 and gave the company a “buy” rating in a report on Wednesday, January 28th. Stifel Nicolaus increased their target price on shares of Plexus from $150.00 to $200.00 and gave the company a “hold” rating in a research note on Friday, January 30th. Williams Trading set a $195.00 target price on Plexus in a research report on Wednesday, January 28th. Weiss Ratings lowered Plexus from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Friday, February 20th. Finally, Zacks Research upgraded Plexus from a “hold” rating to a “strong-buy” rating in a research report on Friday, February 6th. One equities research 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. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $189.20.

Institutional Trading of Plexus

Several institutional investors have recently made changes to their positions in the business. Salomon & Ludwin LLC acquired a new position in Plexus in the third quarter worth about $30,000. Covestor Ltd boosted its holdings in Plexus by 207.7% during the fourth quarter. Covestor Ltd now owns 240 shares of the technology company’s stock valued at $35,000 after purchasing an additional 162 shares in the last quarter. Allworth Financial LP grew its stake in shares of Plexus by 70.1% in the 3rd quarter. Allworth Financial LP now owns 250 shares of the technology company’s stock valued at $36,000 after purchasing an additional 103 shares during the period. Huntington National Bank raised its holdings in shares of Plexus by 41.5% in the 2nd quarter. Huntington National Bank now owns 324 shares of the technology company’s stock worth $44,000 after buying an additional 95 shares in the last quarter. Finally, Johnson Financial Group Inc. acquired a new position in shares of Plexus in the 3rd quarter worth approximately $72,000. 94.45% of the stock is currently owned by institutional investors and hedge funds.

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.