New insider activity at Plexus ( (PLXS) ) has taken place on February 26, 2025.
Regional President – AMER Michael J. Running has recently sold 1,250 shares of Plexus stock, amounting to a total transaction value of $173,262.
Recent Updates on PLXS stock
Recent developments for Plexus (PLXS) indicate a strong start to fiscal 2025, with the company reporting robust Q1 financial results. Revenues reached $976 million, aligning with guidance, and the non-GAAP EPS exceeded expectations at $1.73. The company achieved a non-GAAP operating margin of 6.0%, at the higher end of their expected range. Plexus secured 30 new manufacturing programs, contributing $212 million in annual revenue, with significant gains in the Healthcare/Life Sciences sector. Despite facing challenges in Aerospace and Defense, Healthcare/Life Sciences, and Industrial sectors due to demand softness, Plexus generated $27 million in free cash flow and projects up to $100 million for fiscal 2025. The company remains optimistic about its growth prospects, forecasting continued revenue growth driven by new program ramps and share gains, with a robust pipeline of opportunities valued at $3.6 billion. Stifel resumed coverage with a Hold rating, citing the company’s strong positioning across diverse markets but noting that current execution and near-term prospects are already reflected in the stock’s valuation.
More about Plexus
YTD Price Performance: -12.22%
Average Trading Volume: 192,496
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $3.68B
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