Plexus (NASDAQ:PLXS) COO Sells $333,179.86 in Stock

Plexus Corp. (NASDAQ:PLXS) COO Oliver Mihm sold 2,327 shares of the business’s stock in a transaction that occurred on Tuesday, November 25th. The shares were sold at an average price of $143.18, for a total value of $333,179.86. Following the completion of the transaction, the chief operating officer directly owned 18,442 shares in the company, valued at approximately $2,640,525.56. The trade was a 11.20% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.

Plexus Price Performance

Shares of NASDAQ PLXS opened at $143.12 on Monday. The stock has a fifty day moving average price of $143.36 and a 200 day moving average price of $137.02. Plexus Corp. has a 1-year low of $103.43 and a 1-year high of $172.89. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.58 and a quick ratio of 0.77. The company has a market cap of $3.83 billion, a PE ratio of 22.86 and a beta of 0.80.

Plexus (NASDAQ:PLXS) last announced its quarterly earnings data on Wednesday, October 22nd. The technology company reported $2.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.84 by $0.30. Plexus had a net margin of 4.29% and a return on equity of 12.77%. The company had revenue of $1.06 billion for the quarter, compared to analysts’ expectations of $1.05 billion. During the same period in the previous year, the company posted $1.85 EPS. Plexus’s revenue was up .7% compared to the same quarter last year. Plexus has set its Q1 2026 guidance at 1.660-1.810 EPS. Sell-side analysts forecast that Plexus Corp. will post 5.9 EPS for the current year.

Institutional Trading of Plexus

Several large investors have recently bought and sold shares of the company. American Century Companies Inc. raised its stake in shares of 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 buying an additional 338,119 shares during the last quarter. Fuller & Thaler Asset Management Inc. grew its stake in Plexus by 120.4% in the 1st quarter. Fuller & Thaler Asset Management Inc. now owns 348,510 shares of the technology company’s stock valued at $44,655,000 after acquiring an additional 190,360 shares during the last quarter. Nuveen LLC purchased a new position in Plexus during the 1st quarter valued at about $22,975,000. Millennium Management LLC raised its position in Plexus by 85.1% during the first quarter. Millennium Management LLC now owns 228,116 shares of the technology company’s stock worth $29,229,000 after acquiring an additional 104,904 shares during the last quarter. Finally, Balyasny Asset Management L.P. purchased a new stake in shares of Plexus in the third quarter valued at about $12,509,000. Institutional investors and hedge funds own 94.45% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on PLXS. Weiss Ratings restated a “hold (c+)” rating on shares of Plexus in a research note on Wednesday, October 8th. Needham & Company LLC raised their target price on Plexus from $158.00 to $165.00 and gave the company a “buy” rating in a report on Thursday, October 23rd. Williams Trading set a $165.00 target price on shares of Plexus in a research report on Monday, September 22nd. Benchmark reiterated a “buy” rating and issued a $165.00 price target on shares of Plexus in a report on Friday, October 24th. Finally, Stifel Nicolaus set a $150.00 price objective on shares of Plexus in a report on Friday, October 24th. Two investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, Plexus presently has an average rating of “Hold” and an average target price of $159.00.

About Plexus

Plexus Corp. provides electronic manufacturing services in the United States and internationally. It offers design, develop, supply chain, new product introduction, and manufacturing solutions, as well as sustaining services to companies in the healthcare/life sciences, industrial/commercial, aerospace/defense, and communications market sectors.