IREN proposes $875 million convertible notes offering due 2031
Director Karen Marie Rapp sold 500 shares of PLEXUS CORP (NASDAQ:PLXS), a $3.65 billion market cap company with a "GOOD" InvestingPro Financial Health score, on August 29, 2025, at a price of $139.0, for a total transaction value of $69,500.
Following the transaction, Rapp directly owns 8,865 shares of PLEXUS CORP. The sale was executed under a Rule 10b5-1 trading plan adopted on February 28, 2024. The transaction was disclosed in a Form 4 filing with the Securities and Exchange Commission on September 2, 2025. The stock, currently trading at $135.12, has analyst targets ranging from $140 to $165. PLXS maintains a perfect Piotroski Score of 9, indicating strong financial strength. Discover more insights and 8 additional key ProTips with InvestingPro.
In other recent news, Plexus reported its fiscal third-quarter 2025 results, which included earnings per share of $1.90, surpassing analyst expectations of $1.71. The company’s revenue was slightly below projections, coming in at $1.018 billion against a forecast of $1.02 billion. Despite the earnings beat, the company’s shares experienced a decline in after-hours trading, indicating investor concerns about revenue and future growth prospects. Analysts from Needham adjusted their price target for Plexus to $158, down from $162, while maintaining a Buy rating, citing a mixed outlook. Meanwhile, Stifel also lowered its price target to $140 from $145, keeping a Hold rating, but noted the earnings exceeded expectations. Raymond James reiterated an Outperform rating with a price target of $165, highlighting Plexus’s disciplined approach to capital returns amid macroeconomic challenges. The company’s improved earnings were attributed to lower interest expenses and favorable tax conditions. Plexus is also expected to generate strong free cash flow in the upcoming fiscal quarter.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.