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Frank Zycinski, Regional President for EMEA at Plexus Corp (NASDAQ:PLXS), recently sold 1,200 shares of the company’s common stock. The electronic manufacturing services provider, currently valued at $3.8 billion, demonstrates robust financial health with a perfect Piotroski Score of 9 according to InvestingPro data. The transaction, which took place on February 10, 2025, was executed at an average price of $140.84 per share, resulting in a total sale value of $169,010. Following this transaction, Zycinski holds 723 shares in the company. The sale was reported in a Form 4 filing with the Securities and Exchange Commission. With analyst targets ranging from $140 to $172 and the stock showing a strong 41% return over the past year, investors can access comprehensive analysis and 8 additional key insights through InvestingPro’s detailed research reports.
In other recent news, Plexus Corp saw several key developments. The company’s shareholders approved all 10 board nominees, executive compensation, and ratified PricewaterhouseCoopers LLP as the independent auditor for fiscal 2025 in their recent Annual Meeting. Analyst firms Stifel, Benchmark, Raymond (NSE:RYMD) James, and Needham have all recently provided their assessments of Plexus Corp. Stifel initiated coverage of Plexus with a Hold rating and a $152 price target, while Benchmark maintained a Buy rating and a $165 price target. Raymond James raised its price target to $165, maintaining an Outperform rating, and Needham increased its price target to $172, keeping a Buy rating.
Plexus Corp’s recent financial performance has drawn mixed reactions from analysts. The company reported revenues slightly below expectations but exceeded consensus estimates for earnings per share (EPS) due to better-than-expected margins. However, the outlook for the next quarter was less optimistic, with Plexus anticipating flat revenues and an approximate 11% decrease in non-GAAP EPS. Despite this, management predicts a revenue increase and a strong operating margin for the second half of the fiscal year, along with free cash flow surpassing previous estimates. These are the recent developments in Plexus Corp’s journey.
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