Key Points
- Plexus insider Victor (Pang Hau) Tan sold 3,000 shares on May 11 at an average price of $271.23, totaling about $813,690. After the sale, he still held 10,457 shares, and the transaction reduced his stake by 22.29%.
- The company reported better-than-expected quarterly results on April 29, posting EPS of $2.05 versus the $1.87 estimate and revenue of $1.16 billion, up 18.7% year over year. Plexus also raised Q3 2026 guidance to $2.02-$2.18 EPS.
- Analyst sentiment remains generally positive, with five Buy ratings and two Hold ratings, and an average price target of $229.17. Recent note changes included a higher target from Needham to $285 and upgrades from Wall Street Zen and Weiss Ratings.
Plexus Corp. (NASDAQ:PLXS - Get Free Report) insider Victor (Pang Hau) Tan sold 3,000 shares of the stock in a transaction dated Monday, May 11th. The shares were sold at an average price of $271.23, for a total transaction of $813,690.00. Following the completion of the sale, the insider owned 10,457 shares of the company's stock, valued at approximately $2,836,252.11. The trade was a 22.29% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.
Plexus Stock Performance
NASDAQ:PLXS opened at $261.91 on Thursday. Plexus Corp. has a 12-month low of $115.35 and a 12-month high of $275.83. The company has a quick ratio of 0.74, a current ratio of 1.54 and a debt-to-equity ratio of 0.06. The firm has a market capitalization of $7.01 billion, a PE ratio of 38.29 and a beta of 0.88. The firm has a 50-day moving average price of $221.05 and a 200 day moving average price of $184.74.
Plexus (NASDAQ:PLXS - Get Free Report) last posted its quarterly earnings results on Wednesday, April 29th. The technology company reported $2.05 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.87 by $0.18. Plexus had a net margin of 4.35% and a return on equity of 12.84%. The firm had revenue of $1.16 billion during the quarter, compared to analyst estimates of $1.13 billion. During the same quarter in the prior year, the business posted $1.66 earnings per share. The company's quarterly revenue was up 18.7% compared to the same quarter last year. Plexus has set its Q3 2026 guidance at 2.020-2.180 EPS. Research analysts anticipate that Plexus Corp. will post 6.23 earnings per share for the current fiscal year.
Analyst Upgrades and Downgrades
Several research analysts recently issued reports on the stock. Wall Street Zen raised shares of Plexus from a "hold" rating to a "buy" rating in a research report on Saturday, May 2nd. Needham & Company LLC increased their price target on shares of Plexus from $206.00 to $285.00 and gave the stock a "buy" rating in a research report on Friday, May 1st. Weiss Ratings raised shares of Plexus from a "buy (b-)" rating to a "buy (b)" rating in a research report on Monday. Zacks Research lowered shares of Plexus from a "strong-buy" rating to a "hold" rating in a research report on Monday, April 13th. Finally, Benchmark reissued a "buy" rating and issued a $220.00 price target on shares of Plexus in a research report on Monday, March 16th. Five analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $229.17.
Read Our Latest Stock Analysis on PLXS
Institutional Trading of Plexus
Several hedge funds have recently modified their holdings of the company. Inspire Investing LLC increased its holdings in shares of Plexus by 1.6% during the fourth quarter. Inspire Investing LLC now owns 3,178 shares of the technology company's stock worth $467,000 after buying an additional 50 shares in the last quarter. Allworth Financial LP increased its holdings in shares of Plexus by 20.8% during the fourth quarter. Allworth Financial LP now owns 302 shares of the technology company's stock worth $44,000 after buying an additional 52 shares in the last quarter. Maryland State Retirement & Pension System increased its holdings in shares of Plexus by 1.5% during the fourth quarter. Maryland State Retirement & Pension System now owns 3,940 shares of the technology company's stock worth $579,000 after buying an additional 60 shares in the last quarter. Oregon Public Employees Retirement Fund increased its holdings in shares of Plexus by 1.2% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 6,175 shares of the technology company's stock worth $908,000 after buying an additional 71 shares in the last quarter. Finally, Uncommon Cents Investing LLC increased its holdings in shares of Plexus by 0.8% during the fourth quarter. Uncommon Cents Investing LLC now owns 9,925 shares of the technology company's stock worth $1,459,000 after buying an additional 75 shares in the last quarter. Institutional investors and hedge funds own 94.45% of the company's stock.
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.
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