Key Points
- COO Oliver Mihm sold 9,541 shares on Feb. 18 at an average price of $201.40 for a total of $1,921,557.40, cutting his ownership by 42.69% to 12,809 shares (valued ~ $2.58M).
- Plexus reported Q1 EPS of $1.78 (beat by $0.01) on $1.07B revenue, with revenue up 9.6% year-over-year and Q2 2026 EPS guidance of $1.80–$1.95.
- Shares trade near $200.77 with a 52-week range of $103.43–$211.84 and a market cap of ~$5.38B (P/E ~31.2); analysts hold a consensus "Moderate Buy" and a $189.20 target after several price-target increases (Needham $206).
Plexus Corp. (NASDAQ:PLXS - Get Free Report) COO Oliver Mihm sold 2,226 shares of the stock in a transaction on Tuesday, February 17th. The stock was sold at an average price of $198.78, for a total transaction of $442,484.28. Following the completion of the sale, the chief operating officer owned 22,350 shares in the company, valued at $4,442,733. The trade was a 9.06% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.
Plexus Stock Performance
NASDAQ PLXS traded up $3.93 on Friday, reaching $200.50. 83,708 shares of the company's stock traded hands, compared to its average volume of 353,789. Plexus Corp. has a fifty-two week low of $103.43 and a fifty-two week high of $211.84. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.75 and a current ratio of 1.59. The firm has a market cap of $5.37 billion, a price-to-earnings ratio of 31.21 and a beta of 0.81. The stock has a 50 day moving average price of $174.70 and a 200-day moving average price of $152.80.
Plexus (NASDAQ:PLXS - Get Free Report) last announced its quarterly earnings results 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 company had revenue of $1.07 billion for the quarter, compared to the consensus estimate of $1.07 billion. Plexus had a return on equity of 12.39% and a net margin of 4.28%.The firm's revenue for the quarter was up 9.6% compared to the same quarter last year. During the same period last year, the firm earned $1.73 EPS. Plexus has set its Q2 2026 guidance at 1.800-1.950 EPS. Equities research analysts predict that Plexus Corp. will post 5.9 EPS for the current fiscal year.
Analyst Upgrades and Downgrades
A number of brokerages have recently commented on PLXS. Zacks Research raised shares of Plexus from a "hold" rating to a "strong-buy" rating in a research note on Friday, February 6th. Wall Street Zen downgraded shares of Plexus from a "buy" rating to a "hold" rating in a report on Saturday, November 22nd. Sidoti cut shares of Plexus from a "buy" rating to a "neutral" rating and set a $150.00 price objective for the company. in a report on Friday, October 24th. Williams Trading set a $195.00 price objective on shares of Plexus in a research report on Wednesday, January 28th. Finally, Stifel Nicolaus raised their target price on Plexus from $150.00 to $200.00 and gave the company a "hold" rating in a research report on Friday, January 30th. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and two have issued a Hold rating to the company's stock. Based on data from MarketBeat, Plexus has an average rating of "Moderate Buy" and an average price target of $189.20.
View Our Latest Stock Report on Plexus
Institutional Investors Weigh In On Plexus
Large investors have recently bought and sold shares of the company. Salomon & Ludwin LLC purchased a new position in shares of Plexus in the third quarter valued at approximately $30,000. Covestor Ltd boosted its stake in Plexus by 207.7% during the 4th quarter. Covestor Ltd now owns 240 shares of the technology company's stock worth $35,000 after purchasing an additional 162 shares during the last quarter. Allworth Financial LP boosted its stake in 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 purchasing an additional 103 shares during the last quarter. Huntington National Bank grew its holdings in shares of Plexus by 41.5% during the second quarter. Huntington National Bank now owns 324 shares of the technology company's stock worth $44,000 after buying an additional 95 shares in the last quarter. Finally, Johnson Financial Group Inc. purchased a new position in shares of Plexus in the third quarter worth about $72,000. 94.45% of the stock is currently owned by hedge funds and other institutional investors.
About Plexus
(
Get Free Report)
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.
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