Insider Selling: Plexus (NASDAQ:PLXS) Insider Sells 3,000 Shares of Stock

Plexus Corp. (NASDAQ:PLXS) insider Victor (Pang Hau) Tan sold 3,000 shares of Plexus stock in a transaction that occurred on Monday, May 11th. The stock was sold at an average price of $271.23, for a total value of $813,690.00. Following the transaction, the insider owned 10,457 shares in the company, valued at approximately $2,836,252.11. The trade was a 22.29% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Plexus Trading Down 1.0%

Plexus stock traded down $2.58 during trading on Wednesday, reaching $261.91. 326,640 shares of the company were exchanged, compared to its average volume of 349,294. Plexus Corp. has a 52-week low of $115.35 and a 52-week high of $275.83. The company has a market capitalization of $7.01 billion, a P/E ratio of 38.29 and a beta of 0.88. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.54 and a quick ratio of 0.74. The stock’s 50 day simple moving average is $219.71 and its two-hundred day simple moving average is $183.95.

Plexus (NASDAQ:PLXS) last announced its quarterly earnings data on Wednesday, April 29th. The technology company reported $2.05 EPS for the quarter, topping analysts’ consensus estimates of $1.87 by $0.18. Plexus had a return on equity of 12.84% and a net margin of 4.35%.The firm had revenue of $1.16 billion for the quarter, compared to the consensus estimate of $1.13 billion. During the same quarter last year, the business posted $1.66 earnings per share. The firm’s revenue was up 18.7% compared to the same quarter last year. Plexus has set its Q3 2026 guidance at 2.020-2.180 EPS. On average, equities research analysts expect that Plexus Corp. will post 6.23 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Plexus

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Covestor Ltd increased its stake in Plexus by 207.7% during the fourth quarter. Covestor Ltd now owns 240 shares of the technology company’s stock worth $35,000 after acquiring an additional 162 shares during the last quarter. Allworth Financial LP increased its stake in Plexus by 70.1% during the third quarter. Allworth Financial LP now owns 250 shares of the technology company’s stock worth $36,000 after acquiring an additional 103 shares during the last quarter. Johnson Financial Group Inc. acquired a new stake in shares of Plexus in the third quarter valued at $72,000. Farther Finance Advisors LLC grew its stake in shares of Plexus by 114.7% in the fourth quarter. Farther Finance Advisors LLC now owns 511 shares of the technology company’s stock valued at $75,000 after buying an additional 273 shares in the last quarter. Finally, EverSource Wealth Advisors LLC grew its stake in shares of Plexus by 583.3% in the second quarter. EverSource Wealth Advisors LLC now owns 574 shares of the technology company’s stock valued at $78,000 after buying an additional 490 shares in the last quarter. Institutional investors and hedge funds own 94.45% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on PLXS shares. Williams Trading set a $195.00 price objective on Plexus in a research report on Wednesday, January 28th. Weiss Ratings raised Plexus from a “buy (b-)” rating to a “buy (b)” rating in a research note on Monday. Benchmark reissued a “buy” rating and set a $220.00 target price on shares of Plexus in a research note on Monday, March 16th. Stifel Nicolaus set a $250.00 target price on Plexus and gave the stock a “buy” rating in a research note on Monday, April 20th. Finally, Zacks Research cut Plexus from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 13th. Five equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $229.17.

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.