Plexus (NASDAQ:PLXS) Insider Victor (Pang Hau) Tan Sells 3,000 Shares

Plexus Corp. (NASDAQ:PLXS) insider Victor (Pang Hau) Tan sold 3,000 shares of the firm’s stock in a transaction that occurred on Monday, May 11th. The shares were sold at an average price of $271.23, for a total value of $813,690.00. Following the completion of the sale, the insider directly owned 10,457 shares in the company, valued at approximately $2,836,252.11. The trade was a 22.29% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this link.

Plexus Price Performance

PLXS traded down $2.58 during trading on Wednesday, hitting $261.91. The company’s stock had a trading volume of 326,640 shares, compared to its average volume of 349,294. The company has a current ratio of 1.54, a quick ratio of 0.74 and a debt-to-equity ratio of 0.06. Plexus Corp. has a twelve month low of $115.35 and a twelve month high of $275.83. The business’s fifty day simple moving average is $219.71 and its 200 day simple moving average is $183.95. The firm has a market capitalization of $7.01 billion, a price-to-earnings ratio of 38.29 and a beta of 0.88.

Plexus (NASDAQ:PLXS) last issued its quarterly earnings data on Wednesday, April 29th. The technology company reported $2.05 EPS for the quarter, beating the consensus estimate of $1.87 by $0.18. Plexus had a return on equity of 12.84% and a net margin of 4.35%.The company had revenue of $1.16 billion for the quarter, compared to analyst estimates of $1.13 billion. During the same period last year, the company earned $1.66 earnings per share. Plexus’s quarterly 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 forecast that Plexus Corp. will post 6.23 EPS for the current fiscal year.

Analysts Set New Price Targets

Several analysts have commented on the company. Williams Trading set a $195.00 price objective on Plexus in a report on Wednesday, January 28th. Wall Street Zen raised Plexus from a “hold” rating to a “buy” rating in a report on Saturday, May 2nd. Stifel Nicolaus set a $250.00 target price on Plexus and gave the company a “buy” rating in a research report on Monday, April 20th. Raymond James Financial restated an “outperform” rating and issued a $275.00 target price on shares of Plexus in a research report on Thursday, April 30th. Finally, Benchmark restated a “buy” rating and issued a $220.00 target price on shares of Plexus in a research report on Monday, March 16th. Five research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, Plexus presently has an average rating of “Moderate Buy” and an average target price of $229.17.

Hedge Funds Weigh In On Plexus

Hedge funds and other institutional investors have recently made changes to their positions in the company. Covestor Ltd lifted its position in shares of Plexus by 207.7% in the fourth quarter. Covestor Ltd now owns 240 shares of the technology company’s stock valued at $35,000 after acquiring an additional 162 shares in the last quarter. Allworth Financial LP lifted its position in shares of Plexus by 70.1% in the third quarter. Allworth Financial LP now owns 250 shares of the technology company’s stock valued at $36,000 after acquiring an additional 103 shares in the last quarter. Johnson Financial Group Inc. purchased a new position in shares of Plexus in the third quarter valued at approximately $72,000. Farther Finance Advisors LLC lifted its position 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 acquiring an additional 273 shares in the last quarter. Finally, EverSource Wealth Advisors LLC lifted its position 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 acquiring an additional 490 shares in the last quarter. Hedge funds and other institutional investors own 94.45% of the company’s stock.

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.