Plexus (NASDAQ:PLXS) EVP Sells $865,732.50 in Stock

Plexus Corp. (NASDAQ:PLXS) EVP Angelo Michael Ninivaggi, Jr. sold 3,270 shares of the company’s stock in a transaction on Friday, May 8th. The stock was sold at an average price of $264.75, for a total transaction of $865,732.50. Following the sale, the executive vice president directly owned 16,266 shares of the company’s stock, valued at $4,306,423.50. The trade was a 16.74% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Plexus Price Performance

Plexus stock opened at $261.91 on Thursday. Plexus Corp. has a 52-week low of $115.35 and a 52-week high of $275.83. The firm has a market capitalization of $7.01 billion, a price-to-earnings ratio of 38.29 and a beta of 0.88. The company has a fifty day simple moving average of $221.05 and a 200-day simple moving average of $184.74. The company has a quick ratio of 0.74, a current ratio of 1.54 and a debt-to-equity ratio of 0.06.

Plexus (NASDAQ:PLXS) last released its earnings results on Wednesday, April 29th. The technology company reported $2.05 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.87 by $0.18. Plexus had a net margin of 4.35% and a return on equity of 12.84%. The business had revenue of $1.16 billion during the quarter, compared to analyst estimates of $1.13 billion. During the same quarter in the prior year, the firm earned $1.66 earnings per share. The company’s revenue for the quarter was up 18.7% compared to the same quarter last year. Plexus has set its Q3 2026 guidance at 2.020-2.180 EPS. On average, equities analysts anticipate that Plexus Corp. will post 6.23 EPS for the current fiscal year.

Analysts Set New Price Targets

PLXS has been the subject of a number of research reports. Weiss Ratings raised shares of Plexus from a “buy (b-)” rating to a “buy (b)” rating in a report on Monday. Needham & Company LLC upped their target price on shares of Plexus from $206.00 to $285.00 and gave the stock a “buy” rating in a report on Friday, May 1st. Wall Street Zen raised shares of Plexus from a “hold” rating to a “buy” rating in a report on Saturday, May 2nd. Zacks Research lowered shares of Plexus from a “strong-buy” rating to a “hold” rating in a report on Monday, April 13th. Finally, Raymond James Financial reaffirmed an “outperform” rating and set a $275.00 target price on shares of Plexus in a report on Thursday, April 30th. Five equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $229.17.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of PLXS. Covestor Ltd lifted its position in Plexus by 207.7% in the fourth quarter. Covestor Ltd now owns 240 shares of the technology company’s stock valued at $35,000 after buying an additional 162 shares during the last quarter. Allworth Financial LP lifted its position in shares of Plexus by 70.1% during the third quarter. Allworth Financial LP now owns 250 shares of the technology company’s stock worth $36,000 after purchasing an additional 103 shares in the last quarter. Johnson Financial Group Inc. acquired a new stake in shares of Plexus during the third quarter worth about $72,000. Farther Finance Advisors LLC lifted its position in shares of Plexus by 114.7% during the fourth quarter. Farther Finance Advisors LLC now owns 511 shares of the technology company’s stock worth $75,000 after purchasing an additional 273 shares in the last quarter. Finally, EverSource Wealth Advisors LLC lifted its position in shares of Plexus by 583.3% during the second quarter. EverSource Wealth Advisors LLC now owns 574 shares of the technology company’s stock worth $78,000 after purchasing an additional 490 shares in the last quarter. Institutional investors and hedge funds own 94.45% of the company’s stock.

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.