Patrick John Jermain Sells 1,998 Shares of Plexus (NASDAQ:PLXS) Stock

Plexus Corp. (NASDAQ:PLXS) CFO Patrick John Jermain sold 1,998 shares of the stock in a transaction dated Monday, October 27th. The shares were sold at an average price of $142.80, for a total value of $285,314.40. Following the completion of the transaction, the chief financial officer directly owned 18,961 shares in the company, valued at $2,707,630.80. This represents a 9.53% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink.

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

• On Wednesday, August 27th, Patrick John Jermain sold 2,500 shares of Plexus stock. The shares were sold at an average price of $137.71, for a total value of $344,275.00.
• On Wednesday, August 6th, Patrick John Jermain sold 2,178 shares of Plexus stock. The shares were sold at an average price of $130.42, for a total value of $284,054.76.

Plexus Stock Up 1.2%

Shares of PLXS stock opened at $141.08 on Friday. The stock’s 50-day simple moving average is $141.97 and its 200-day simple moving average is $134.56. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.77 and a current ratio of 1.58. The firm has a market capitalization of $3.81 billion, a PE ratio of 22.54 and a beta of 0.80. Plexus Corp. has a fifty-two week low of $103.43 and a fifty-two week high of $172.89.

Plexus (NASDAQ:PLXS) last announced its quarterly earnings data on Wednesday, October 22nd. The technology company reported $2.14 earnings per share for the quarter, beating analysts’ consensus estimates of $1.84 by $0.30. The business had revenue of $1.06 billion for the quarter, compared to analyst estimates of $1.05 billion. Plexus had a return on equity of 12.77% and a net margin of 4.29%.The company’s revenue was up .7% on a year-over-year basis. During the same period in the prior year, the company earned $1.85 earnings per share. Plexus has set its Q1 2026 guidance at 1.660-1.810 EPS. Equities analysts expect that Plexus Corp. will post 5.9 earnings per share for the current year.

Wall Street Analyst Weigh In

PLXS has been the topic of several analyst reports. Sidoti lowered Plexus from a “buy” rating to a “neutral” rating and set a $150.00 target price on the stock. in a report on Friday, October 24th. Wall Street Zen lowered Plexus from a “strong-buy” rating to a “buy” rating in a report on Sunday, October 19th. Williams Trading set a $165.00 target price on Plexus in a report on Monday, September 22nd. Needham & Company LLC raised their target price on Plexus from $158.00 to $165.00 and gave the stock a “buy” rating in a report on Thursday, October 23rd. Finally, Benchmark reaffirmed a “buy” rating and set a $165.00 target price on shares of Plexus in a report on Friday, October 24th. Two equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $159.00.

Hedge Funds Weigh In On Plexus

A number of hedge funds have recently bought and sold shares of PLXS. Fuller & Thaler Asset Management Inc. boosted its position in Plexus by 120.4% during the first quarter. Fuller & Thaler Asset Management Inc. now owns 348,510 shares of the technology company’s stock worth $44,655,000 after purchasing an additional 190,360 shares in the last quarter. Nuveen LLC purchased a new position in Plexus during the first quarter worth approximately $22,975,000. American Century Companies Inc. boosted its position in Plexus by 24.7% during the first quarter. American Century Companies Inc. now owns 678,222 shares of the technology company’s stock worth $86,901,000 after purchasing an additional 134,205 shares in the last quarter. Millennium Management LLC boosted its position in Plexus by 85.1% during the first quarter. Millennium Management LLC now owns 228,116 shares of the technology company’s stock worth $29,229,000 after purchasing an additional 104,904 shares in the last quarter. Finally, Invesco Ltd. boosted its position in Plexus by 66.1% during the first quarter. Invesco Ltd. now owns 211,741 shares of the technology company’s stock worth $27,130,000 after purchasing an additional 84,249 shares in the last quarter. Hedge funds and other institutional investors own 94.45% of the company’s stock.

Plexus Company Profile

Plexus Corp. provides electronic manufacturing services in the United States and internationally. It offers design, develop, supply chain, new product introduction, and manufacturing solutions, as well as sustaining services to companies in the healthcare/life sciences, industrial/commercial, aerospace/defense, and communications market sectors.