Plexus (NASDAQ:PLXS) EVP Angelo Michael Ninivaggi, Jr. Sells 2,298 Shares

Plexus Corp. (NASDAQ:PLXS) EVP Angelo Michael Ninivaggi, Jr. sold 2,298 shares of the firm’s stock in a transaction on Thursday, May 7th. The stock was sold at an average price of $262.99, for a total value of $604,351.02. Following the completion of the sale, the executive vice president owned 19,536 shares of the company’s stock, valued at approximately $5,137,772.64. This represents a 10.52% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

Plexus Trading Up 2.0%

PLXS traded up $5.22 during trading on Monday, reaching $271.77. The company had a trading volume of 196,007 shares, compared to its average volume of 350,148. The stock has a market cap of $7.28 billion, a P/E ratio of 39.73 and a beta of 0.88. The business has a 50 day simple moving average of $215.60 and a 200-day simple moving average of $181.45. Plexus Corp. has a 52 week low of $115.35 and a 52 week high of $275.83. 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 issued its quarterly 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. The company had revenue of $1.16 billion during the quarter, compared to the consensus estimate of $1.13 billion. Plexus had a return on equity of 12.84% and a net margin of 4.35%.Plexus’s revenue was up 18.7% on a year-over-year basis. During the same period last year, the company earned $1.66 earnings per share. 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.

Hedge Funds Weigh In On Plexus

Hedge funds and other institutional investors have recently made changes to their positions in the company. Covestor Ltd grew its position in shares of Plexus by 207.7% during the 4th quarter. Covestor Ltd now owns 240 shares of the technology company’s stock worth $35,000 after buying an additional 162 shares in the last quarter. Allworth Financial LP grew its position in shares of Plexus by 70.1% during the 3rd quarter. Allworth Financial LP now owns 250 shares of the technology company’s stock worth $36,000 after buying an additional 103 shares in the last quarter. Johnson Financial Group Inc. bought a new position in shares of Plexus during the 3rd quarter worth $72,000. Farther Finance Advisors LLC grew its position in shares of Plexus by 114.7% during the 4th quarter. Farther Finance Advisors LLC now owns 511 shares of the technology company’s stock worth $75,000 after buying an additional 273 shares in the last quarter. Finally, EverSource Wealth Advisors LLC grew its position in shares of Plexus by 583.3% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 574 shares of the technology company’s stock worth $78,000 after buying an additional 490 shares in the last quarter. Institutional investors own 94.45% of the company’s stock.

Analysts Set New Price Targets

PLXS has been the topic of several research analyst reports. Wall Street Zen raised Plexus from a “hold” rating to a “buy” rating in a research report on Saturday, May 2nd. Raymond James Financial reaffirmed an “outperform” rating and issued a $275.00 price objective on shares of Plexus in a research report on Thursday, April 30th. Stifel Nicolaus set a $250.00 price objective on Plexus and gave the company a “buy” rating in a research report on Monday, April 20th. Zacks Research downgraded Plexus from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 13th. Finally, Williams Trading set a $195.00 price objective on Plexus in a research report on Wednesday, January 28th. Five analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, Plexus currently has an average rating of “Moderate Buy” and an average price target of $229.17.

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.