Insider Selling: Plexus (NASDAQ:PLXS) COO Sells $1,921,557.40 in 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 value of $1,921,557.40. Following the transaction, the chief operating officer owned 12,809 shares in the company, valued at approximately $2,579,732.60. This represents a 42.69% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Plexus Stock Up 1.0%

NASDAQ PLXS opened at $198.46 on Friday. The business has a 50 day moving average price of $175.47 and a two-hundred day moving average price of $153.44. Plexus Corp. has a fifty-two week low of $103.43 and a fifty-two week high of $211.84. 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 stock has a market cap of $5.32 billion, a PE ratio of 30.86 and a beta of 0.81.

Plexus (NASDAQ:PLXS) last released its quarterly earnings results on Wednesday, January 28th. The technology company reported $1.78 earnings per share for the quarter, beating analysts’ consensus estimates of $1.77 by $0.01. The business had revenue of $1.07 billion during the quarter, compared to analyst estimates 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% on a year-over-year basis. During the same period last year, the business earned $1.73 EPS. 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.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the stock. Williams Trading set a $195.00 price target on shares of Plexus in a research report on Wednesday, January 28th. Benchmark upped their price target on shares of Plexus from $165.00 to $195.00 and gave the stock a “buy” rating in a research report on Wednesday, January 28th. Zacks Research upgraded Plexus from a “hold” rating to a “strong-buy” rating in a research report on Friday, February 6th. Wall Street Zen cut shares of Plexus from a “buy” rating to a “hold” rating in a research note on Saturday, November 22nd. Finally, Stifel Nicolaus boosted their price objective on Plexus from $150.00 to $200.00 and gave the stock a “hold” rating in a research note on Friday, January 30th. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $189.20.

Institutional Investors Weigh In On Plexus

Large investors have recently bought and sold shares of the business. Inspire Investing LLC grew its holdings in Plexus by 1.6% during the fourth quarter. Inspire Investing LLC now owns 3,178 shares of the technology company’s stock valued at $467,000 after purchasing an additional 50 shares during the last quarter. Allworth Financial LP increased its stake in Plexus by 20.8% in the fourth quarter. Allworth Financial LP now owns 302 shares of the technology company’s stock valued at $44,000 after acquiring an additional 52 shares during the period. Maryland State Retirement & Pension System raised its holdings in shares of Plexus by 1.5% in the 4th quarter. Maryland State Retirement & Pension System now owns 3,940 shares of the technology company’s stock worth $579,000 after buying an additional 60 shares in the last quarter. Oregon Public Employees Retirement Fund raised its stake in Plexus by 1.2% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 6,175 shares of the technology company’s stock worth $908,000 after acquiring an additional 71 shares in the last quarter. Finally, Uncommon Cents Investing LLC increased its position in shares of Plexus by 0.8% during the 4th quarter. Uncommon Cents Investing LLC now owns 9,925 shares of the technology company’s stock worth $1,459,000 after purchasing an additional 75 shares in the last quarter. 94.45% of the stock is currently owned by institutional investors.

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.