Dean Foate Sells 5,000 Shares of Plexus (NASDAQ:PLXS) Stock

February 5, 2026 by InsiderTrades.com

Key Points

Dean Foate sold 5,000 shares of Plexus at an average price of $204.89 on Feb. 2 for about $1.02M, reducing his stake by 25% to 15,000 shares valued at roughly $3.07M.
Part of a broader insider sell-off: CEO, CFO and other executives also sold shares near the ~$205 level (e.g., CEO ~8,120 shares, CFO ~4,841), suggesting coordinated profit-taking that could spook investors.
Solid but muted fundamentals and Street view: Plexus reported a slight EPS beat ($1.78 vs $1.77) and guided Q2 to $1.80–$1.95, while analysts have raised some price targets but the consensus rating remains a "Hold" with an average target of $189.20.

Plexus Corp. (NASDAQ:PLXS - Get Free Report) Chairman Dean Foate sold 5,000 shares of the company's stock in a transaction on Monday, February 2nd. The shares were sold at an average price of $204.89, for a total transaction of $1,024,450.00. Following the completion of the transaction, the chairman owned 15,000 shares of the company's stock, valued at $3,073,350. This trade represents a 25.00% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link.

Plexus Stock Performance

This mid-cap tech stock just jumped 30%...and is still cheap

Plexus stock opened at $196.28 on Thursday. Plexus Corp. has a 12-month low of $103.43 and a 12-month high of $208.92. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.59 and a quick ratio of 0.75. The company has a market capitalization of $5.25 billion, a price-to-earnings ratio of 30.53 and a beta of 0.81. The firm's fifty day moving average price is $163.58 and its 200 day moving average price is $147.30.

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

Analysts Set New Price Targets

PLXS has been the subject of a number of research analyst reports. Benchmark lifted their price target on shares of Plexus from $165.00 to $195.00 and gave the stock a "buy" rating in a research note on Wednesday, January 28th. Needham & Company LLC boosted their target price on shares of Plexus from $165.00 to $206.00 and gave the stock a "buy" rating in a research report on Friday, January 30th. Sidoti cut shares of Plexus from a "buy" rating to a "neutral" rating and set a $150.00 price target on the stock. in a research report on Friday, October 24th. Williams Trading set a $195.00 price objective on Plexus in a report on Wednesday, January 28th. Finally, Wall Street Zen cut Plexus from a "buy" rating to a "hold" rating in a research note on Saturday, November 22nd. Two equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $189.20.

View Our Latest Analysis on Plexus

Institutional Investors Weigh In On Plexus

A number of hedge funds have recently added to or reduced their stakes in the stock. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its holdings in Plexus by 7.5% during the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 6,955 shares of the technology company's stock worth $941,000 after purchasing an additional 484 shares in the last quarter. Massachusetts Financial Services Co. MA raised its stake in shares of Plexus by 23.3% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 240,192 shares of the technology company's stock worth $34,753,000 after buying an additional 45,425 shares in the last quarter. Wedge Capital Management L L P NC lifted its holdings in shares of Plexus by 36.6% in the third quarter. Wedge Capital Management L L P NC now owns 27,600 shares of the technology company's stock valued at $3,993,000 after buying an additional 7,393 shares during the period. Capital Fund Management S.A. lifted its holdings in shares of Plexus by 28.4% in the second quarter. Capital Fund Management S.A. now owns 41,043 shares of the technology company's stock valued at $5,554,000 after buying an additional 9,076 shares during the period. Finally, Nicola Wealth Management LTD. bought a new position in Plexus during the third quarter valued at about $6,655,000. 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: Analysts have raised Plexus' price targets (one report notes a 26.29% increase to $204.82), which supports upside relative to prior targets. Article Title
Positive Sentiment: Several broker reports (Benchmark, Stifel, Williams Trading) have lifted price objectives or reiterated coverage, keeping Street sentiment constructive overall. MarketBeat PLXS Coverage
Positive Sentiment: Major institutional holders reported increases in positions (e.g., Massachusetts Financial Services, Wedge Capital), indicating continued institutional interest beneath the surface. Institutional Holdings
Neutral Sentiment: Latest quarterly results showed a very slight EPS beat (reported $1.78 vs. $1.77 estimate) and revenue essentially in line; management guided Q2 to $1.80–$1.95 EPS — generally stable but not a clear catalyst. Earnings & Guidance
Negative Sentiment: CEO Todd P. Kelsey sold 8,120 shares at ~$205.65 (≈$1.67M), a ~9.4% reduction in his holdings — a sizable insider sale that can spook investors. CEO Form 4
Negative Sentiment: CFO Patrick J. Jermain sold 4,841 shares at ~$204.01 (~$988k), a ~19% reduction in his stake — another senior-management sell. CFO Form 4
Negative Sentiment: Chairman Dean A. Foate sold 5,000 shares at ~$204.89 (~$1.02M), trimming his position by 25% — adds to the cluster of insider liquidity. Chairman Form 4
Negative Sentiment: Other insiders (e.g., Michael J. Running) also reported smaller sales, amplifying the market’s interpretation that executives are taking profits near recent highs. Insider Sale Filing

Plexus Company Profile

(Get Free Report)

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.