Insider Selling: Plexus (NASDAQ:PLXS) CFO Sells $987,612.41 in Stock

Plexus Corp. (NASDAQ:PLXS) CFO Patrick John Jermain sold 4,841 shares of the firm’s stock in a transaction on Tuesday, February 3rd. The stock was sold at an average price of $204.01, for a total transaction of $987,612.41. Following the transaction, the chief financial officer directly owned 20,469 shares of the company’s stock, valued at approximately $4,175,880.69. This represents a 19.13% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Patrick John Jermain also recently made the following trade(s):

• On Tuesday, November 11th, Patrick John Jermain sold 2,000 shares of Plexus stock. The shares were sold at an average price of $143.53, for a total transaction of $287,060.00.

Plexus Stock Performance

Shares of PLXS stock opened at $201.07 on Friday. The stock has a market capitalization of $5.38 billion, a price-to-earnings ratio of 31.27 and a beta of 0.81. Plexus Corp. has a one year low of $103.43 and a one year high of $208.92. The company’s 50-day simple moving average is $164.72 and its 200-day simple moving average is $147.67. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.75 and a current ratio of 1.59.

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

Institutional Investors Weigh In On Plexus

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its stake in Plexus by 0.6% during the 3rd quarter. Vanguard Group Inc. now owns 3,683,845 shares of the technology company’s stock valued at $533,016,000 after purchasing an additional 22,374 shares in the last quarter. American Century Companies Inc. lifted its holdings 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. State Street Corp boosted its stake in Plexus by 2.3% during the second quarter. State Street Corp now owns 1,059,501 shares of the technology company’s stock valued at $143,361,000 after buying an additional 24,115 shares in the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. grew its holdings in Plexus by 4.0% during the third quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 915,296 shares of the technology company’s stock worth $132,434,000 after acquiring an additional 35,237 shares during the period. Finally, Northern Trust Corp grew its holdings in Plexus by 1.5% during the third quarter. Northern Trust Corp now owns 340,964 shares of the technology company’s stock worth $49,334,000 after acquiring an additional 4,929 shares during the period. Institutional investors own 94.45% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on PLXS. Weiss Ratings reissued a “hold (c+)” rating on shares of Plexus in a report on Thursday, January 22nd. Needham & Company LLC lifted their price target on Plexus from $165.00 to $206.00 and gave the company a “buy” rating in a report on Friday, January 30th. Wall Street Zen lowered Plexus from a “buy” rating to a “hold” rating in a report on Saturday, November 22nd. Sidoti cut Plexus from a “buy” rating to a “neutral” rating and set a $150.00 target price on the stock. in a research report on Friday, October 24th. Finally, Benchmark boosted their price target on Plexus from $165.00 to $195.00 and gave the stock a “buy” rating in a research report on Wednesday, January 28th. Two investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $189.20.

About Plexus

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.