Key Points
- Plexus director Michael Schrock sold 4,000 shares at an average price of $275, generating $1.1 million. The transaction, conducted under a pre-arranged Rule 10b5-1 plan, reduced his holdings by 9.02% to 40,329 shares.
- Plexus reported quarterly earnings of $2.32 per share, exceeding analyst expectations of $2.13, while revenue rose 28.2% year over year to $1.30 billion. The stock was recently trading at $264.04, down 2.9%.
- Analysts maintain a broadly positive view, with the company carrying a consensus “Buy” rating and a $273 price target. Institutional investors own 94.45% of Plexus shares, with several major firms recently initiating or expanding positions.
Plexus Corp. (NASDAQ:PLXS - Get Free Report) Director Michael Schrock sold 4,000 shares of Plexus stock in a transaction 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 completion of the transaction, the director owned 40,329 shares in the company, valued at approximately $11,090,475. This trade represents a 9.02% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Plexus Stock Down 2.9%
Shares of NASDAQ PLXS opened at $264.04 on Friday. The stock has a market capitalization of $7.06 billion, a PE ratio of 38.94 and a beta of 0.90. 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 firm has a fifty day moving average of $272.53 and a 200-day moving average of $240.12. Plexus Corp. has a 52-week low of $126.86 and a 52-week high of $307.06.
Plexus (NASDAQ:PLXS - Get Free Report) last issued its earnings results on Wednesday, July 29th. The technology company reported $2.32 earnings per share for the quarter, topping the consensus estimate of $2.13 by $0.19. Plexus had a return on equity of 12.46% and a net margin of 4.03%.The business had revenue of $1.30 billion for the quarter, compared to analyst estimates of $1.23 billion. During the same period last year, the company posted $1.64 EPS. The business's quarterly revenue 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, analysts anticipate that Plexus Corp. will post 6.73 EPS for the current year.
Analyst Ratings Changes
Several equities analysts have recently weighed in on PLXS shares. Zacks Research raised Plexus from a "hold" rating to a "strong-buy" rating in a research note on Tuesday. Stifel Nicolaus increased their target price on shares of Plexus from $280.00 to $330.00 and gave the stock a "buy" rating in a research report on Monday, June 22nd. Wall Street Zen upgraded shares of Plexus from a "hold" rating to a "buy" rating in a report on Saturday, May 2nd. Raymond James Financial reaffirmed an "outperform" rating and set a $275.00 price target on shares of Plexus in a research report on Thursday, April 30th. Finally, Needham & Company LLC boosted their price objective on shares of Plexus from $285.00 to $310.00 and gave the stock a "buy" rating in a research note on Monday, June 1st. One analyst has rated the stock with a Strong Buy rating and six have given a Buy rating to the company. Based on data from MarketBeat.com, Plexus presently has an average rating of "Buy" and a consensus price target of $273.00.
View Our Latest Analysis on PLXS
Institutional Investors Weigh In On Plexus
A number of large investors have recently modified their holdings of PLXS. BlackRock Inc. purchased a new stake in shares of Plexus during the 2nd quarter valued at about $1,311,631,000. Victory Capital Management Inc. boosted its holdings in Plexus by 130.0% in the 4th quarter. Victory Capital Management Inc. now owns 349,057 shares of the technology company's stock worth $51,311,000 after acquiring an additional 197,283 shares during the period. Bank of New York Mellon Corp purchased a new position in Plexus in the 2nd quarter worth approximately $55,525,000. Emerald Advisers LLC acquired a new stake in Plexus in the first quarter valued at approximately $33,729,000. Finally, Connor Clark & Lunn Investment Management Ltd. acquired a new stake in Plexus in the second quarter valued at approximately $35,755,000. 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.
See Also
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
