Insider Selling: Plexus (NASDAQ:PLXS) Insider Sells $288,180.01 in Stock

Plexus Corp. (NASDAQ:PLXS) insider Frank Zycinski sold 1,399 shares of the firm’s stock in a transaction dated Thursday, February 12th. The shares were sold at an average price of $205.99, for a total transaction of $288,180.01. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

Plexus Stock Down 0.3%

PLXS stock opened at $196.57 on Friday. The company has a current ratio of 1.59, a quick ratio of 0.75 and a debt-to-equity ratio of 0.06. The company’s 50-day moving average price is $174.70 and its 200 day moving average price is $152.80. Plexus Corp. has a 52 week low of $103.43 and a 52 week high of $211.84. The company has a market cap of $5.27 billion, a P/E ratio of 30.57 and a beta of 0.81.

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

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on PLXS shares. Wall Street Zen downgraded Plexus from a “buy” rating to a “hold” rating in a research note on Saturday, November 22nd. Sidoti cut shares of Plexus from a “buy” rating to a “neutral” rating and set a $150.00 target price for the company. in a research report on Friday, October 24th. Weiss Ratings raised shares of Plexus from a “hold (c+)” rating to a “buy (b-)” rating in a report on Thursday, February 5th. Needham & Company LLC raised their price objective on shares of Plexus from $165.00 to $206.00 and gave the stock a “buy” rating in a research note on Friday, January 30th. 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, three have assigned a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, Plexus currently has a consensus rating of “Moderate Buy” and an average price target of $189.20.

Institutional Investors Weigh In On Plexus

Hedge funds and other institutional investors have recently modified their holdings of the company. Salomon & Ludwin LLC acquired a new stake in Plexus during the third quarter worth approximately $30,000. Covestor Ltd raised its holdings in Plexus by 207.7% in the 4th quarter. Covestor Ltd now owns 240 shares of the technology company’s stock valued at $35,000 after acquiring an additional 162 shares during the last quarter. Allworth Financial LP lifted its stake in shares of Plexus by 70.1% during the 3rd quarter. Allworth Financial LP now owns 250 shares of the technology company’s stock worth $36,000 after purchasing an additional 103 shares during the period. Huntington National Bank boosted its holdings in shares of Plexus by 41.5% during the second quarter. Huntington National Bank now owns 324 shares of the technology company’s stock worth $44,000 after purchasing an additional 95 shares during the last quarter. Finally, Johnson Financial Group Inc. purchased a new stake in shares of Plexus in the third quarter valued at $72,000. 94.45% of the stock is currently owned by hedge funds and other 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.