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 company’s stock in a transaction on Monday, May 11th. The stock was sold at an average price of $271.23, for a total transaction of $813,690.00. Following the completion of the transaction, the insider directly owned 10,457 shares in the company, valued at $2,836,252.11. This trade represents a 22.29% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website.

Plexus Trading Down 1.0%

NASDAQ PLXS opened at $261.91 on Thursday. Plexus Corp. has a 1-year low of $115.35 and a 1-year high of $275.83. The company has a current ratio of 1.54, a quick ratio of 0.74 and a debt-to-equity ratio of 0.06. The company has a market capitalization of $7.01 billion, a PE ratio of 38.29 and a beta of 0.88. The firm’s fifty day simple moving average is $221.05 and its 200-day simple moving average is $184.74.

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

Institutional Investors Weigh In On Plexus

A number of hedge funds have recently bought and sold shares of the company. American Century Companies Inc. lifted its stake in shares of Plexus by 44.2% in the third quarter. American Century Companies Inc. now owns 1,103,892 shares of the technology company’s stock valued at $159,722,000 after buying an additional 338,119 shares during the period. Massachusetts Financial Services Co. MA lifted its stake in shares of Plexus by 23.3% in the third quarter. Massachusetts Financial Services Co. MA now owns 240,192 shares of the technology company’s stock valued at $34,753,000 after buying an additional 45,425 shares during the period. JPMorgan Chase & Co. lifted its stake in shares of Plexus by 28.3% in the third quarter. JPMorgan Chase & Co. now owns 240,460 shares of the technology company’s stock valued at $34,792,000 after buying an additional 52,967 shares during the period. Nicola Wealth Management LTD. bought a new stake in shares of Plexus in the third quarter valued at about $6,655,000. Finally, Vanguard Group Inc. lifted its stake in shares of Plexus by 0.6% in the third quarter. Vanguard Group Inc. now owns 3,683,845 shares of the technology company’s stock valued at $533,016,000 after buying an additional 22,374 shares during the period. 94.45% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

PLXS has been the subject of a number of recent research reports. Wall Street Zen upgraded shares of Plexus from a “hold” rating to a “buy” rating in a report on Saturday, May 2nd. Benchmark reiterated a “buy” rating and issued a $220.00 price objective on shares of Plexus in a report on Monday, March 16th. Weiss Ratings upgraded shares of Plexus from a “buy (b-)” rating to a “buy (b)” rating in a report on Monday. Needham & Company LLC upped their price objective on shares of Plexus from $206.00 to $285.00 and gave the stock a “buy” rating in a report on Friday, May 1st. Finally, Stifel Nicolaus set a $250.00 price objective on shares of Plexus and gave the stock a “buy” rating in a report on Monday, April 20th. Five equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target 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.