Plexus (NASDAQ:PLXS) Director Karen Marie Rapp Sells 500 Shares

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 transaction of $120,435.00. Following the transaction, the director directly owned 7,535 shares of the company’s stock, valued at $1,814,955.45. This represents a 6.22% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Plexus Price Performance

NASDAQ:PLXS opened at $238.57 on Wednesday. The firm has a market cap of $6.38 billion, a PE ratio of 35.19 and a beta of 0.89. Plexus Corp. has a 12 month low of $132.03 and a 12 month high of $307.06. The company’s 50-day moving average price is $261.34 and its two-hundred day moving average price is $244.70. The company has a quick ratio of 0.72, a current ratio of 1.49 and a debt-to-equity ratio of 0.06.

Plexus (NASDAQ:PLXS) last released its quarterly earnings results on Wednesday, July 29th. The technology company reported $2.32 earnings per share for the quarter, beating analysts’ consensus estimates of $2.13 by $0.19. Plexus had a return on equity of 12.46% and a net margin of 4.03%.The firm had revenue of $1.30 billion during the quarter, compared to analysts’ expectations of $1.23 billion. During the same period last year, the firm posted $1.64 EPS. The business’s revenue was up 28.2% on a year-over-year basis. Plexus has set its Q4 2026 guidance at 2.470-2.630 EPS. On average, equities analysts anticipate that Plexus Corp. will post 7.11 EPS for the current fiscal year.

Analysts Set New Price Targets

Several brokerages have weighed in on PLXS. Sidoti raised Plexus from a “neutral” rating to a “buy” rating and set a $308.00 price objective for the company in a report on Friday, July 31st. Weiss Ratings cut shares of Plexus from a “buy (b)” rating to a “buy (b-)” rating in a research report on Tuesday, August 11th. Stifel Nicolaus lifted their target price on Plexus from $280.00 to $330.00 and gave the stock a “buy” rating in a report on Monday, June 22nd. Needham & Company LLC restated a “buy” rating and issued a $310.00 price target on shares of Plexus in a report on Friday, August 14th. Finally, Zacks Research upgraded Plexus from a “hold” rating to a “strong-buy” rating in a report on Tuesday, August 11th. One research analyst has rated the stock with a Strong Buy rating and six have assigned a Buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and an average target price of $273.00.

Institutional Investors Weigh In On Plexus

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. California State Teachers Retirement System boosted its position in 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 purchasing an additional 9,383,487 shares during the last quarter. BlackRock Inc. acquired a new position in shares of Plexus in the second quarter valued at $1,311,631,000. Bank of America Corp DE bought a new position in Plexus in the 2nd quarter valued at about $60,281,000. Victory Capital Management Inc. boosted its holdings in shares of Plexus by 130.0% during the fourth quarter. Victory Capital Management Inc. now owns 349,057 shares of the technology company’s stock worth $51,311,000 after acquiring an additional 197,283 shares during the period. Finally, Bank of New York Mellon Corp acquired a new position in shares of Plexus in the second quarter valued at approximately $55,525,000. 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.