Plexus (NASDAQ:PLXS) EVP Sells $604,351.02 in Stock

Plexus Corp. (NASDAQ:PLXS) EVP Angelo Michael Ninivaggi, Jr. sold 2,298 shares of Plexus stock in a transaction dated Thursday, May 7th. The shares were sold at an average price of $262.99, for a total transaction of $604,351.02. Following the sale, the executive vice president directly owned 19,536 shares in the company, valued at $5,137,772.64. The trade was a 10.52% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website.

Plexus Price Performance

PLXS stock opened at $261.91 on Thursday. Plexus Corp. has a 1 year low of $115.35 and a 1 year high of $275.83. The company has a market cap of $7.01 billion, a P/E ratio of 38.29 and a beta of 0.88. The firm has a 50-day moving average of $221.05 and a 200 day moving average of $184.74. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.54 and a quick ratio of 0.74.

Plexus (NASDAQ:PLXS) last posted its quarterly earnings data on Wednesday, April 29th. The technology company reported $2.05 earnings per share for the quarter, beating the consensus estimate of $1.87 by $0.18. Plexus had a return on equity of 12.84% and a net margin of 4.35%.The business had revenue of $1.16 billion for the quarter, compared to analysts’ expectations of $1.13 billion. During the same period in the previous year, the firm posted $1.66 EPS. The business’s revenue was up 18.7% on a year-over-year basis. Plexus has set its Q3 2026 guidance at 2.020-2.180 EPS. On average, sell-side analysts forecast that Plexus Corp. will post 6.23 EPS for the current year.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on PLXS. Stifel Nicolaus set a $250.00 price target on Plexus and gave the stock a “buy” rating in a research note on Monday, April 20th. Wall Street Zen raised Plexus from a “hold” rating to a “buy” rating in a research report on Saturday, May 2nd. Zacks Research cut shares of Plexus from a “strong-buy” rating to a “hold” rating in a report on Monday, April 13th. Raymond James Financial reaffirmed an “outperform” rating and issued a $275.00 target price on shares of Plexus in a research report on Thursday, April 30th. Finally, Williams Trading set a $195.00 price target on shares of Plexus in a research note on Wednesday, January 28th. Five research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, Plexus has an average rating of “Moderate Buy” and an average target price of $229.17.

Institutional Trading of Plexus

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. AQR Capital Management LLC raised its stake in Plexus by 103.1% during 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 during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of Plexus by 4.6% in the first 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 bought a new position in shares of Plexus during the first quarter valued at $218,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in shares of Plexus by 12.9% in the 1st 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 purchasing an additional 9,078 shares during the last quarter. Finally, Cetera Investment Advisers purchased a new position in shares of Plexus in the 2nd quarter worth about $309,000. 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.