Plexus (NASDAQ:PLXS) COO Sells $442,484.28 in Stock

Plexus Corp. (NASDAQ:PLXS) COO Oliver Mihm sold 2,226 shares of the company’s stock in a transaction dated Tuesday, February 17th. The stock was sold at an average price of $198.78, for a total transaction of $442,484.28. Following the sale, the chief operating officer directly owned 22,350 shares in the company, valued at $4,442,733. This represents a 9.06% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link.

Plexus Stock Up 1.0%

Shares of PLXS opened at $198.46 on Friday. The company has a market capitalization of $5.32 billion, a P/E ratio of 30.86 and a beta of 0.81. Plexus Corp. has a one year low of $103.43 and a one year high of $211.84. The business’s 50 day simple moving average is $175.47 and its 200-day simple moving average is $153.44. 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 posted its quarterly earnings data on Wednesday, January 28th. The technology company reported $1.78 earnings per share for the quarter, beating 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 firm had revenue of $1.07 billion during the quarter, compared to analysts’ expectations of $1.07 billion. During the same quarter last year, the company posted $1.73 EPS. The company’s quarterly 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. As a group, sell-side analysts predict that Plexus Corp. will post 5.9 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the company. Salomon & Ludwin LLC acquired a new stake in Plexus in the third quarter worth $30,000. Covestor Ltd increased its position in shares of Plexus by 207.7% in the 4th quarter. Covestor Ltd now owns 240 shares of the technology company’s stock valued at $35,000 after buying an additional 162 shares in the last quarter. Allworth Financial LP raised its stake in Plexus by 70.1% during the 3rd quarter. Allworth Financial LP now owns 250 shares of the technology company’s stock worth $36,000 after buying an additional 103 shares during the period. Huntington National Bank grew its stake in Plexus by 41.5% in the second 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 period. Finally, Johnson Financial Group Inc. bought a new stake in shares of Plexus in the third quarter worth about $72,000. Institutional investors and hedge funds own 94.45% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently commented on PLXS. Weiss Ratings lowered Plexus from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Friday. Zacks Research upgraded shares of Plexus from a “hold” rating to a “strong-buy” rating in a research report on Friday, February 6th. Stifel Nicolaus increased 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. Benchmark raised their price objective on shares of Plexus from $165.00 to $195.00 and gave the company a “buy” rating in a research note on Wednesday, January 28th. Finally, Wall Street Zen cut shares of Plexus from a “buy” rating to a “hold” rating in a research report on Saturday, November 22nd. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target 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.