Plexus (NASDAQ:PLXS) COO Oliver Mihm Sells 9,541 Shares

Plexus Corp. (NASDAQ:PLXS) COO Oliver Mihm sold 9,541 shares of the stock in a transaction on Wednesday, February 18th. The stock was sold at an average price of $201.40, for a total value of $1,921,557.40. Following the completion of the transaction, the chief operating officer owned 12,809 shares of the company’s stock, valued at $2,579,732.60. The trade was a 42.69% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

Plexus Price Performance

PLXS traded up $4.20 during trading on Friday, reaching $200.77. 67,027 shares of the stock were exchanged, compared to its average volume of 352,175. The company has a market capitalization of $5.38 billion, a price-to-earnings ratio of 31.21 and a beta of 0.81. Plexus Corp. has a 1 year low of $103.43 and a 1 year high of $211.84. The business’s 50 day moving average price is $174.70 and its two-hundred day moving average price is $152.80. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.59 and a quick ratio of 0.75.

Plexus (NASDAQ:PLXS) last released its quarterly earnings results on Wednesday, January 28th. The technology company reported $1.78 earnings per share for the quarter, topping analysts’ consensus estimates of $1.77 by $0.01. The company had revenue of $1.07 billion during the quarter, compared to analysts’ expectations of $1.07 billion. Plexus had a return on equity of 12.39% and a net margin of 4.28%.The business’s revenue for the quarter was up 9.6% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.73 earnings per share. Plexus has set its Q2 2026 guidance at 1.800-1.950 EPS. As a group, equities research analysts anticipate that Plexus Corp. will post 5.9 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Salomon & Ludwin LLC acquired a new position in shares of Plexus during the 3rd quarter valued at $30,000. Covestor Ltd grew its holdings in Plexus by 207.7% during the fourth quarter. Covestor Ltd now owns 240 shares of the technology company’s stock worth $35,000 after acquiring an additional 162 shares during the period. Allworth Financial LP raised its position in Plexus by 70.1% in the third quarter. Allworth Financial LP now owns 250 shares of the technology company’s stock worth $36,000 after acquiring an additional 103 shares in the last quarter. Huntington National Bank lifted its holdings in Plexus by 41.5% in the 2nd quarter. Huntington National Bank now owns 324 shares of the technology company’s stock valued at $44,000 after acquiring an additional 95 shares during the last quarter. Finally, Johnson Financial Group Inc. acquired a new stake in Plexus in the 3rd quarter valued at about $72,000. Institutional investors own 94.45% of the company’s stock.

Analyst Upgrades and Downgrades

PLXS has been the subject of a number of recent analyst reports. Zacks Research upgraded Plexus from a “hold” rating to a “strong-buy” rating in a research note on Friday, February 6th. Needham & Company LLC increased their target price on Plexus from $165.00 to $206.00 and gave the company a “buy” rating in a research note on Friday, January 30th. Benchmark lifted their price target on shares of Plexus from $165.00 to $195.00 and gave the stock a “buy” rating in a research note on Wednesday, January 28th. Wall Street Zen cut shares of Plexus from a “buy” rating to a “hold” rating in a report on Saturday, November 22nd. Finally, Stifel Nicolaus raised their price objective on shares of Plexus from $150.00 to $200.00 and gave the stock a “hold” rating in a report on Friday, January 30th. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, Plexus has an average rating of “Moderate Buy” and an average target price of $189.20.

Plexus Company Profile

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.