Angelo Michael Ninivaggi, Jr. Sells 3,270 Shares of Plexus (NASDAQ:PLXS) Stock

Plexus Corp. (NASDAQ:PLXS) EVP Angelo Michael Ninivaggi, Jr. sold 3,270 shares of the stock in a transaction that occurred on Friday, May 8th. The stock was sold at an average price of $264.75, for a total transaction of $865,732.50. Following the completion of the transaction, the executive vice president owned 16,266 shares in the company, valued at approximately $4,306,423.50. This trade represents a 16.74% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link.

Plexus Stock Performance

Shares of NASDAQ PLXS opened at $264.49 on Wednesday. The company has a current ratio of 1.54, a quick ratio of 0.74 and a debt-to-equity ratio of 0.06. Plexus Corp. has a 12 month low of $115.35 and a 12 month high of $275.83. The company has a 50 day simple moving average of $219.71 and a two-hundred day simple moving average of $183.95. The stock has a market cap of $7.08 billion, a price-to-earnings ratio of 38.67 and a beta of 0.88.

Plexus (NASDAQ:PLXS) last released its quarterly earnings data on Wednesday, April 29th. The technology company reported $2.05 earnings per share for the quarter, topping analysts’ consensus estimates of $1.87 by $0.18. Plexus had a net margin of 4.35% and a return on equity of 12.84%. The firm had revenue of $1.16 billion for the quarter, compared to analyst estimates of $1.13 billion. During the same quarter in the prior year, the business earned $1.66 earnings per share. The business’s quarterly revenue was up 18.7% compared to the same quarter last year. Plexus has set its Q3 2026 guidance at 2.020-2.180 EPS. As a group, analysts predict that Plexus Corp. will post 6.23 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several analysts recently commented on PLXS shares. Williams Trading set a $195.00 target price on Plexus in a report on Wednesday, January 28th. Wall Street Zen raised Plexus from a “hold” rating to a “buy” rating in a report on Saturday, May 2nd. Needham & Company LLC raised their price objective on shares of Plexus from $206.00 to $285.00 and gave the stock a “buy” rating in a research note on Friday, May 1st. Stifel Nicolaus set a $250.00 target price on shares of Plexus and gave the company a “buy” rating in a report on Monday, April 20th. Finally, Zacks Research downgraded shares of Plexus from a “strong-buy” rating to a “hold” rating in a report on Monday, April 13th. Five analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Plexus has an average rating of “Moderate Buy” and an average target price of $229.17.

Institutional Trading of Plexus

Several institutional investors have recently bought and sold shares of PLXS. Inspire Investing LLC raised its position in shares of Plexus by 1.6% in the fourth quarter. Inspire Investing LLC now owns 3,178 shares of the technology company’s stock valued at $467,000 after buying an additional 50 shares during the last quarter. Allworth Financial LP boosted its position in Plexus by 20.8% during the fourth quarter. Allworth Financial LP now owns 302 shares of the technology company’s stock worth $44,000 after acquiring an additional 52 shares during the last quarter. Maryland State Retirement & Pension System grew its stake in Plexus by 1.5% during the 4th quarter. Maryland State Retirement & Pension System now owns 3,940 shares of the technology company’s stock valued at $579,000 after acquiring an additional 60 shares in the last quarter. Oregon Public Employees Retirement Fund grew its stake in Plexus by 1.2% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 6,175 shares of the technology company’s stock valued at $908,000 after acquiring an additional 71 shares in the last quarter. Finally, Uncommon Cents Investing LLC raised its holdings in Plexus by 0.8% in the 4th quarter. Uncommon Cents Investing LLC now owns 9,925 shares of the technology company’s stock valued at $1,459,000 after acquiring an additional 75 shares during the last quarter. 94.45% of the stock is owned by institutional investors and hedge funds.

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.