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

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

Plexus Trading Up 1.0%

PLXS opened at $198.46 on Friday. Plexus Corp. has a 1-year low of $103.43 and a 1-year high of $211.84. The firm has a market capitalization of $5.32 billion, a price-to-earnings ratio of 30.86 and a beta of 0.81. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.59 and a quick ratio of 0.75. The company’s 50 day simple moving average is $175.47 and its two-hundred day simple moving average is $153.28.

Plexus (NASDAQ:PLXS) last released its quarterly earnings data 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 for the quarter, compared to analyst estimates of $1.07 billion. Plexus had a return on equity of 12.39% and a net margin of 4.28%.The firm’s revenue for the quarter was up 9.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.73 earnings per share. Plexus has set its Q2 2026 guidance at 1.800-1.950 EPS. Analysts expect that Plexus Corp. will post 5.9 EPS for the current fiscal year.

Hedge Funds Weigh In On Plexus

Several institutional investors have recently modified their holdings of the business. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its stake in shares of Plexus by 7.5% in the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 6,955 shares of the technology company’s stock valued at $941,000 after buying an additional 484 shares during the period. Massachusetts Financial Services Co. MA increased its stake in shares of Plexus by 23.3% during the third quarter. Massachusetts Financial Services Co. MA now owns 240,192 shares of the technology company’s stock worth $34,753,000 after buying an additional 45,425 shares during the period. Nicola Wealth Management LTD. acquired a new stake in Plexus in the third quarter valued at approximately $6,655,000. Wedge Capital Management L L P NC raised its holdings in Plexus by 36.6% in the third quarter. Wedge Capital Management L L P NC now owns 27,600 shares of the technology company’s stock valued at $3,993,000 after acquiring an additional 7,393 shares in the last quarter. Finally, Capital Fund Management S.A. lifted its stake in Plexus by 28.4% in the second quarter. Capital Fund Management S.A. now owns 41,043 shares of the technology company’s stock worth $5,554,000 after acquiring an additional 9,076 shares during the last quarter. Institutional investors and hedge funds own 94.45% of the company’s stock.

Wall Street Analysts Forecast Growth

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

About Plexus

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.