Plexus (NASDAQ:PLXS) COO Oliver Mihm Sells 2,226 Shares of Stock

Plexus Corp. (NASDAQ:PLXS) COO Oliver Mihm sold 2,226 shares of the company’s stock in a transaction that occurred on Tuesday, February 17th. The shares were sold at an average price of $198.78, for a total value of $442,484.28. Following the sale, the chief operating officer owned 22,350 shares in the company, valued at approximately $4,442,733. This trade represents a 9.06% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Plexus Trading Up 2.0%

Plexus stock traded up $3.93 during midday trading on Friday, reaching $200.50. The stock had a trading volume of 83,708 shares, compared to its average volume of 353,789. Plexus Corp. has a 52-week low of $103.43 and a 52-week high of $211.84. The company has a fifty day moving average of $174.70 and a 200 day moving average of $152.80. The firm has a market cap of $5.37 billion, a price-to-earnings ratio of 31.21 and a beta of 0.81. The company has a quick ratio of 0.75, a current ratio of 1.59 and a debt-to-equity ratio of 0.06.

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

Wall Street Analyst Weigh In

Several research firms have recently commented on PLXS. Williams Trading set a $195.00 price target on Plexus in a research report on Wednesday, January 28th. Benchmark boosted their target price on shares of Plexus from $165.00 to $195.00 and gave the stock a “buy” rating in a report on Wednesday, January 28th. Stifel Nicolaus increased their price target on shares of Plexus from $150.00 to $200.00 and gave the company a “hold” rating in a research report on Friday, January 30th. Sidoti downgraded shares of Plexus from a “buy” rating to a “neutral” rating and set a $150.00 price objective on the stock. in a research report on Friday, October 24th. Finally, Zacks Research raised shares of Plexus from a “hold” rating to a “strong-buy” rating in a research report on Friday, February 6th. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat, Plexus currently has a consensus rating of “Moderate Buy” and an average target price of $189.20.

Institutional Trading of Plexus

Several large investors have recently bought and sold shares of PLXS. Vanguard Group Inc. raised its holdings in shares of Plexus by 0.6% in the third quarter. Vanguard Group Inc. now owns 3,683,845 shares of the technology company’s stock worth $533,016,000 after buying an additional 22,374 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in Plexus by 0.5% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,373,457 shares of the technology company’s stock worth $201,903,000 after acquiring an additional 7,051 shares during the last quarter. American Century Companies Inc. lifted its position in Plexus by 44.2% during the 3rd quarter. American Century Companies Inc. now owns 1,103,892 shares of the technology company’s stock worth $159,722,000 after acquiring an additional 338,119 shares during the period. State Street Corp grew its stake in Plexus by 2.3% during the 2nd quarter. State Street Corp now owns 1,059,501 shares of the technology company’s stock valued at $143,361,000 after purchasing an additional 24,115 shares during the last quarter. Finally, BNP PARIBAS ASSET MANAGEMENT Holding S.A. grew its stake in Plexus by 4.0% during the 3rd quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 915,296 shares of the technology company’s stock valued at $132,434,000 after purchasing an additional 35,237 shares during the last quarter. Hedge funds and other institutional investors own 94.45% of the company’s stock.

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.