Plexus (NASDAQ:PLXS) Insider Sells $138,806.70 in Stock

by · The Markets Daily

Plexus Corp. (NASDAQ:PLXS – Get Free Report) insider Michael Running sold 510 shares of the business’s stock in a transaction on Friday, June 5th. The shares were sold at an average price of $272.17, for a total transaction of $138,806.70. Following the transaction, the insider directly owned 665 shares of the company’s stock, valued at approximately $180,993.05. This trade represents a 43.40% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.

Plexus Stock Performance

Shares of PLXS opened at $275.51 on Thursday. Plexus Corp. has a 1 year low of $115.35 and a 1 year high of $292.33. The company has a market cap of $7.37 billion, a price-to-earnings ratio of 40.28 and a beta of 0.89. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.74 and a current ratio of 1.54. The firm has a fifty day moving average of $250.06 and a 200-day moving average of $202.77.

Plexus (NASDAQ:PLXS – Get Free Report) last announced its quarterly earnings results on Wednesday, April 29th. The technology company reported $2.05 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.87 by $0.18. Plexus had a net margin of 4.35% and a return on equity of 12.84%. The company had revenue of $1.16 billion during the quarter, compared to the consensus estimate of $1.13 billion. During the same quarter in the previous year, the company posted $1.66 earnings per share. The company’s revenue for the quarter was up 18.7% compared to the same quarter last year. Plexus has set its Q3 2026 guidance at 2.020-2.180 EPS. As a group, equities analysts anticipate that Plexus Corp. will post 5.98 earnings per share for the current year.

Institutional Investors Weigh In On Plexus

Several institutional investors have recently bought and sold shares of the stock. Vanguard Group Inc. lifted its holdings in Plexus by 0.6% in the third quarter. Vanguard Group Inc. now owns 3,683,845 shares of the technology company’s stock worth $533,016,000 after purchasing an additional 22,374 shares during the period. Dimensional Fund Advisors LP lifted its holdings in Plexus by 0.5% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,373,457 shares of the technology company’s stock valued at $201,903,000 after acquiring an additional 7,051 shares during the last quarter. American Century Companies Inc. lifted its holdings in Plexus by 44.2% in the 3rd quarter. American Century Companies Inc. now owns 1,103,892 shares of the technology company’s stock valued at $159,722,000 after acquiring an additional 338,119 shares during the last quarter. State Street Corp lifted its holdings in Plexus by 2.3% in the 2nd quarter. State Street Corp now owns 1,059,501 shares of the technology company’s stock valued at $143,361,000 after acquiring an additional 24,115 shares during the last quarter. Finally, BNP PARIBAS ASSET MANAGEMENT Holding S.A. lifted its holdings in Plexus by 4.0% in the 3rd quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 915,296 shares of the technology company’s stock valued at $132,434,000 after acquiring an additional 35,237 shares during the last quarter. Institutional investors and hedge funds own 94.45% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently issued reports on PLXS. Wall Street Zen raised shares of Plexus from a “hold” rating to a “buy” rating in a report on Saturday, May 2nd. Needham & Company LLC upped their price objective on shares of Plexus from $285.00 to $310.00 and gave the stock a “buy” rating in a report on Monday, June 1st. Stifel Nicolaus set a $280.00 price objective on shares of Plexus in a report on Tuesday, May 26th. Weiss Ratings raised shares of Plexus from a “buy (b-)” rating to a “buy (b)” rating in a report on Monday, May 11th. Finally, Benchmark reaffirmed a “buy” rating and issued a $220.00 price objective on shares of Plexus in a report on Monday, March 16th. Five equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $238.33.

View Our Latest Stock Report on Plexus

Plexus Company Profile

(Get Free Report)

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.

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