Frank Zycinski Sells 1,399 Shares of Plexus (NASDAQ:PLXS) Stock

Plexus Corp. (NASDAQ:PLXS) insider Frank Zycinski sold 1,399 shares of the company’s stock in a transaction dated Thursday, February 12th. The shares were sold at an average price of $205.99, for a total transaction of $288,180.01. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website.

Plexus Stock Up 0.6%

NASDAQ PLXS opened at $197.22 on Thursday. Plexus Corp. has a 1 year low of $103.43 and a 1 year high of $211.84. The stock has a market capitalization of $5.28 billion, a PE ratio of 30.67 and a beta of 0.81. 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 business’s 50-day moving average is $174.11 and its 200 day moving average is $152.49.

Plexus (NASDAQ:PLXS) last released its quarterly earnings data on Wednesday, January 28th. The technology company reported $1.78 earnings per share for the quarter, topping the consensus estimate of $1.77 by $0.01. The business had revenue of $1.07 billion during the quarter, compared to analysts’ expectations of $1.07 billion. Plexus had a return on equity of 12.39% and a net margin of 4.28%.The business’s revenue was up 9.6% on a year-over-year basis. During the same quarter last year, the business posted $1.73 EPS. Plexus has set its Q2 2026 guidance at 1.800-1.950 EPS. Sell-side analysts forecast that Plexus Corp. will post 5.9 earnings per share for the current year.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of PLXS. Salomon & Ludwin LLC bought a new stake in Plexus during the third quarter worth about $30,000. Covestor Ltd lifted its holdings in shares of Plexus by 207.7% during the fourth quarter. Covestor Ltd now owns 240 shares of the technology company’s stock valued at $35,000 after purchasing an additional 162 shares during the last quarter. Allworth Financial LP boosted its position in shares of Plexus by 70.1% in the 3rd 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. Huntington National Bank grew its stake in shares of Plexus by 41.5% in the 2nd quarter. Huntington National Bank now owns 324 shares of the technology company’s stock worth $44,000 after buying an additional 95 shares during the last quarter. Finally, Johnson Financial Group Inc. purchased a new stake in shares of Plexus in the 3rd quarter worth approximately $72,000. 94.45% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several brokerages have commented on PLXS. Williams Trading set a $195.00 price objective on shares of Plexus in a report on Wednesday, January 28th. Weiss Ratings upgraded shares of Plexus from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Thursday, February 5th. Zacks Research upgraded shares of Plexus from a “hold” rating to a “strong-buy” rating in a report on Friday, February 6th. Needham & Company LLC lifted their price objective on Plexus from $165.00 to $206.00 and gave the company a “buy” rating in a research report on Friday, January 30th. Finally, Stifel Nicolaus increased their target price on Plexus from $150.00 to $200.00 and gave the stock a “hold” rating in a research report on Friday, January 30th. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, Plexus has a consensus rating of “Moderate Buy” and an average target price of $189.20.

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.