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

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

Plexus Stock Performance

PLXS opened at $198.46 on Friday. The stock’s 50 day simple moving average is $175.47 and its 200-day simple moving average is $153.28. The company has a current ratio of 1.59, a quick ratio of 0.75 and a debt-to-equity ratio of 0.06. The stock has a market cap of $5.32 billion, a PE ratio of 30.86 and a beta of 0.81. Plexus Corp. has a 1 year low of $103.43 and a 1 year high of $211.84.

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

Hedge Funds Weigh In On Plexus

A number of institutional investors and hedge funds have recently bought and sold shares of the business. AQR Capital Management LLC increased its stake in shares of Plexus by 103.1% in the first quarter. AQR Capital Management LLC now owns 8,384 shares of the technology company’s stock valued at $1,074,000 after buying an additional 4,255 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in Plexus by 4.6% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 15,971 shares of the technology company’s stock worth $2,046,000 after acquiring an additional 705 shares during the last quarter. United Services Automobile Association acquired a new stake in Plexus in the 1st quarter valued at about $218,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake in shares of Plexus by 12.9% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 79,584 shares of the technology company’s stock worth $10,197,000 after acquiring an additional 9,078 shares during the last quarter. Finally, Vanguard Personalized Indexing Management LLC raised its stake in shares of Plexus by 11.8% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 3,610 shares of the technology company’s stock worth $488,000 after acquiring an additional 381 shares during the last quarter. Institutional investors and hedge funds own 94.45% of the company’s stock.

Analysts Set New Price Targets

PLXS has been the subject of a number of analyst reports. Benchmark raised their price target on shares of Plexus from $165.00 to $195.00 and gave the stock a “buy” rating in a research note on Wednesday, January 28th. Needham & Company LLC raised their target price on Plexus from $165.00 to $206.00 and gave the stock a “buy” rating in a research report on Friday, January 30th. Stifel Nicolaus upped their price target on Plexus from $150.00 to $200.00 and gave the company a “hold” rating in a research report on Friday, January 30th. Zacks Research upgraded Plexus from a “hold” rating to a “strong-buy” rating in a research note on Friday, February 6th. Finally, Weiss Ratings upgraded shares of Plexus from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Thursday, February 5th. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus 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.