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 firm’s stock in a transaction on Thursday, February 5th. The stock was sold at an average price of $203.06, for a total value of $873,767.18. Following the transaction, the chief accounting officer owned 20,099 shares in the company, valued at $4,081,302.94. The trade was a 17.63% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

Plexus Stock Up 2.6%

Shares of PLXS stock traded up $5.15 during mid-day trading on Friday, hitting $206.22. The stock had a trading volume of 503,420 shares, compared to its average volume of 362,753. Plexus Corp. has a 12-month low of $103.43 and a 12-month high of $208.92. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.59 and a quick ratio of 0.75. The firm’s 50-day moving average is $164.72 and its two-hundred day moving average is $147.67. The firm has a market capitalization of $5.52 billion, a P/E ratio of 32.07 and a beta of 0.81.

Plexus (NASDAQ:PLXS) last posted its earnings results on Wednesday, January 28th. The technology company reported $1.78 EPS for the quarter, beating analysts’ consensus estimates of $1.77 by $0.01. The business 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 company’s revenue for the quarter was up 9.6% on a year-over-year basis. During the same quarter last year, the firm posted $1.73 EPS. Plexus has set its Q2 2026 guidance at 1.800-1.950 EPS. On average, analysts predict that Plexus Corp. will post 5.9 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on PLXS. Williams Trading set a $195.00 price target on shares of Plexus in a report on Wednesday, January 28th. Needham & Company LLC raised their target price on shares of Plexus from $165.00 to $206.00 and gave the company a “buy” rating in a research note on Friday, January 30th. Sidoti downgraded Plexus from a “buy” rating to a “neutral” rating and set a $150.00 price target on the stock. in a research report on Friday, October 24th. Wall Street Zen lowered Plexus from a “buy” rating to a “hold” rating in a report on Saturday, November 22nd. Finally, Benchmark boosted their target price on Plexus from $165.00 to $195.00 and gave the stock a “buy” rating in a research note on Wednesday, January 28th. Two equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Plexus has a consensus rating of “Hold” and a consensus target price of $189.20.

Hedge Funds Weigh In On Plexus

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its holdings in shares of Plexus by 0.6% in the third quarter. Vanguard Group Inc. now owns 3,683,845 shares of the technology company’s stock valued at $533,016,000 after purchasing an additional 22,374 shares during the period. American Century Companies Inc. increased its holdings in Plexus by 44.2% in the 3rd quarter. American Century Companies Inc. now owns 1,103,892 shares of the technology company’s stock worth $159,722,000 after buying an additional 338,119 shares during the period. State Street Corp raised its position in Plexus by 2.3% during the 2nd quarter. State Street Corp now owns 1,059,501 shares of the technology company’s stock worth $143,361,000 after buying an additional 24,115 shares during the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. boosted its holdings in shares of Plexus by 4.0% in the 3rd quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 915,296 shares of the technology company’s stock valued at $132,434,000 after acquiring an additional 35,237 shares during the last quarter. Finally, Northern Trust Corp increased its stake in shares of Plexus by 1.5% in the third quarter. Northern Trust Corp now owns 340,964 shares of the technology company’s stock worth $49,334,000 after acquiring an additional 4,929 shares during the period. Hedge funds and other institutional investors own 94.45% of the company’s stock.

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.