Plexus (NASDAQ:PLXS) CAO Angelo Michael Ninivaggi, Jr. Sells 4,303 Shares

Plexus Corp. (NASDAQ:PLXS) CAO Angelo Michael Ninivaggi, Jr. sold 4,303 shares of the stock in a transaction dated Thursday, February 5th. The stock was sold at an average price of $203.06, for a total value of $873,767.18. Following the sale, the chief accounting officer directly owned 20,099 shares in the company, valued at $4,081,302.94. This represents a 17.63% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Plexus Stock Performance

Shares of PLXS stock traded up $5.15 on Friday, hitting $206.22. The company had a trading volume of 503,420 shares, compared to its average volume of 362,753. Plexus Corp. has a twelve month low of $103.43 and a twelve month high of $208.92. The company has a quick ratio of 0.75, a current ratio of 1.59 and a debt-to-equity ratio of 0.06. The firm has a market cap of $5.52 billion, a P/E ratio of 32.07 and a beta of 0.81. The company has a 50-day moving average price of $164.72 and a 200-day moving average price of $147.67.

Plexus (NASDAQ:PLXS) last announced its quarterly earnings results 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 return on equity of 12.39% and a net margin of 4.28%.The company had revenue of $1.07 billion during the quarter, compared to analysts’ expectations of $1.07 billion. During the same period last year, the business earned $1.73 earnings per share. Plexus’s quarterly revenue was up 9.6% on a year-over-year basis. Plexus has set its Q2 2026 guidance at 1.800-1.950 EPS. As a group, equities research analysts predict that Plexus Corp. will post 5.9 earnings per share for the current fiscal year.

Institutional Trading of Plexus

A number of hedge funds have recently bought and sold shares of PLXS. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its position in shares of Plexus by 7.5% during the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 6,955 shares of the technology company’s stock worth $941,000 after purchasing an additional 484 shares during the period. Massachusetts Financial Services Co. MA boosted its position 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. Wedge Capital Management L L P NC grew its stake in shares of 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 buying an additional 7,393 shares in the last quarter. Capital Fund Management S.A. raised its holdings in shares of Plexus by 28.4% in the 2nd quarter. Capital Fund Management S.A. now owns 41,043 shares of the technology company’s stock valued at $5,554,000 after buying an additional 9,076 shares during the period. Finally, Nicola Wealth Management LTD. acquired a new position in Plexus during the 3rd quarter worth about $6,655,000. Institutional investors and hedge funds own 94.45% of the company’s stock.

Wall Street Analyst Weigh In

PLXS has been the topic of several analyst reports. Weiss Ratings restated a “hold (c+)” rating on shares of Plexus in a research report on Thursday, January 22nd. Benchmark raised their target price on Plexus from $165.00 to $195.00 and gave the company a “buy” rating in a research report on Wednesday, January 28th. Williams Trading set a $195.00 price target on Plexus in a research note on Wednesday, January 28th. Stifel Nicolaus increased their price target on Plexus from $150.00 to $200.00 and gave the stock a “hold” rating in a research report on Friday, January 30th. Finally, Sidoti cut Plexus from a “buy” rating to a “neutral” rating and set a $150.00 price objective for the company. in a research report on Friday, October 24th. Two investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price 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.