Plexus (NASDAQ:PLXS) Director Sells $1,100,000.00 in Stock

Plexus Corp. (NASDAQ:PLXS) Director Michael Schrock sold 4,000 shares of the business’s stock in a transaction that occurred on Tuesday, August 11th. The shares were sold at an average price of $275.00, for a total transaction of $1,100,000.00. Following the transaction, the director directly owned 40,329 shares in the company, valued at $11,090,475. The trade was a 9.02% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Plexus Stock Up 1.3%

PLXS stock opened at $267.41 on Friday. Plexus Corp. has a 12-month low of $126.86 and a 12-month high of $307.06. The company has a quick ratio of 0.72, a current ratio of 1.49 and a debt-to-equity ratio of 0.06. The company has a market cap of $7.16 billion, a price-to-earnings ratio of 39.44 and a beta of 0.90. The company has a 50 day moving average of $272.41 and a two-hundred day moving average of $240.31.

Plexus (NASDAQ:PLXS) last issued its earnings results on Wednesday, July 29th. The technology company reported $2.32 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.13 by $0.19. Plexus had a net margin of 4.03% and a return on equity of 12.46%. The company had revenue of $1.30 billion during the quarter, compared to analyst estimates of $1.23 billion. During the same quarter last year, the business posted $1.64 EPS. The company’s revenue for the quarter 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 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Plexus

Several institutional investors have recently bought and sold shares of PLXS. Mitsubishi UFJ Asset Management Co. Ltd. bought a new stake in shares of Plexus during the 2nd quarter worth about $32,000. Covestor Ltd raised its stake in shares of 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 in the last quarter. Kilter Group LLC bought a new position in shares of Plexus in the 2nd quarter valued at approximately $40,000. Allworth Financial LP lifted its holdings in Plexus by 20.8% in the 4th quarter. Allworth Financial LP now owns 302 shares of the technology company’s stock worth $44,000 after purchasing an additional 52 shares during the last quarter. Finally, Persistent Asset Partners Ltd acquired a new stake in Plexus in the 2nd quarter worth approximately $71,000. 94.45% of the stock is currently owned by institutional investors.

Plexus News Summary

Here are the key news stories impacting Plexus this week:

• Positive Sentiment: Needham analyst David Williams reiterated a Buy rating and maintained a $310 price target, implying roughly 16% upside from the recently referenced share price. The analyst cited a stronger revenue outlook. Analyst reiterates Buy on Plexus as revenue outlook surges
• Positive Sentiment: Zacks Research upgraded Plexus from Hold to Strong Buy and sharply increased its EPS forecasts across fiscal 2026-2028. Estimates rose to $7.02 for fiscal 2026, $8.50 for fiscal 2027 and $9.42 for fiscal 2028, indicating expectations for accelerating profitability. Earnings estimates rising for Plexus
• Positive Sentiment: The company’s latest quarterly report showed EPS of $2.32 versus the $2.13 consensus estimate and revenue of $1.30 billion versus expectations of $1.23 billion. Revenue increased 28.2% year over year, while fourth-quarter guidance calls for EPS of $2.47 to $2.63.
• Positive Sentiment: Recent institutional activity was supportive, including new or expanded positions by BlackRock, Bank of New York Mellon and Victory Capital. Institutions and hedge funds collectively own approximately 94.45% of PLXS shares.
• Neutral Sentiment: Despite the bullish revisions, Plexus trades at a relatively elevated valuation, with a price-to-earnings ratio near 39. Consensus analyst coverage remains favorable overall, with an average rating of Buy and a consensus price target near $273.
• Negative Sentiment: Director Michael Schrock sold 4,000 shares for approximately $1.1 million, reducing his position by 9.02%. The transaction was conducted under a pre-arranged Rule 10b5-1 plan, which reduces its significance as a discretionary bearish signal. Plexus director sells stock

Analyst Ratings Changes

Several equities research analysts have recently issued reports on PLXS shares. Raymond James Financial reiterated an “outperform” rating and set a $275.00 price target on shares of Plexus in a report on Thursday, April 30th. Zacks Research upgraded Plexus from a “hold” rating to a “strong-buy” rating in a report on Tuesday, August 11th. Needham & Company LLC reaffirmed a “buy” rating and set a $310.00 price objective on shares of Plexus in a research report on Friday. Weiss Ratings cut shares of Plexus from a “buy (b)” rating to a “buy (b-)” rating in a research note on Tuesday. Finally, Wall Street Zen raised shares of Plexus from a “hold” rating to a “buy” rating in a research report on Saturday, May 2nd. One equities research analyst has rated the stock with a Strong Buy rating and six have issued a Buy rating to the company’s stock. According to MarketBeat.com, Plexus has an average rating of “Buy” and a consensus target price of $273.00.

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.