Key Points
- Plexus EVP Angelo Michael Ninivaggi, Jr. sold 2,298 shares on May 7 at an average price of $262.99, totaling about $604,351. The sale reduced his direct ownership by 10.52% to 19,536 shares.
- PLXS stock was trading up 2.0% and opened at $271.78, near its 52-week high of $275.83. The company now has a market cap of $7.28 billion and a P/E ratio of 39.73.
- Plexus recently reported better-than-expected quarterly results, with EPS of $2.05 versus estimates of $1.87 and revenue of $1.16 billion versus $1.13 billion expected. The company also raised guidance for Q3 2026 and analysts currently rate the stock a Moderate Buy.
Plexus Corp. (NASDAQ:PLXS - Get Free Report) EVP Angelo Michael Ninivaggi, Jr. sold 2,298 shares of Plexus stock in a transaction that occurred on Thursday, May 7th. The shares were sold at an average price of $262.99, for a total transaction of $604,351.02. Following the transaction, the executive vice president directly owned 19,536 shares in the company, valued at approximately $5,137,772.64. This trade represents a 10.52% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.
Plexus Trading Up 2.0%
PLXS opened at $271.78 on Tuesday. The firm has a market capitalization of $7.28 billion, a P/E ratio of 39.73 and a beta of 0.88. The firm's 50 day moving average is $218.30 and its 200-day moving average is $183.12. 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 - Get Free Report) last posted its quarterly earnings data on Wednesday, April 29th. The technology company reported $2.05 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.87 by $0.18. The company had revenue of $1.16 billion for the quarter, compared to analyst estimates of $1.13 billion. Plexus had a net margin of 4.35% and a return on equity of 12.84%. The business's quarterly revenue was up 18.7% on a year-over-year basis. During the same quarter last year, the firm posted $1.66 earnings per share. Plexus has set its Q3 2026 guidance at 2.020-2.180 EPS. Analysts expect that Plexus Corp. will post 6.23 EPS for the current fiscal year.
Institutional Trading of Plexus
Hedge funds have recently made changes to their positions in the stock. American Century Companies Inc. grew its position in shares of Plexus by 44.2% during the third 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 in the last quarter. Massachusetts Financial Services Co. MA grew its position in shares of Plexus by 23.3% during the third quarter. Massachusetts Financial Services Co. MA now owns 240,192 shares of the technology company's stock worth $34,753,000 after buying an additional 45,425 shares in the last quarter. JPMorgan Chase & Co. grew its position in shares of Plexus by 28.3% during the third quarter. JPMorgan Chase & Co. now owns 240,460 shares of the technology company's stock worth $34,792,000 after buying an additional 52,967 shares in the last quarter. Nicola Wealth Management LTD. acquired a new stake in shares of Plexus during the third quarter worth approximately $6,655,000. Finally, Vanguard Group Inc. grew its position in shares of Plexus by 0.6% during the third quarter. Vanguard Group Inc. now owns 3,683,845 shares of the technology company's stock worth $533,016,000 after buying an additional 22,374 shares in the last quarter. Institutional investors and hedge funds own 94.45% of the company's stock.
Wall Street Analyst Weigh In
A number of analysts have recently issued reports on the stock. Zacks Research lowered shares of Plexus from a "strong-buy" rating to a "hold" rating in a research note on Monday, April 13th. Needham & Company LLC lifted their price objective on shares of Plexus from $206.00 to $285.00 and gave the company a "buy" rating in a research note on Friday, May 1st. Wall Street Zen upgraded shares of Plexus from a "hold" rating to a "buy" rating in a research note on Saturday, May 2nd. Weiss Ratings lowered shares of Plexus from a "buy (b)" rating to a "buy (b-)" rating in a research note on Friday, April 24th. Finally, Stifel Nicolaus set a $250.00 price objective on shares of Plexus and gave the company a "buy" rating in a research note on Monday, April 20th. Five research 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 has an average rating of "Moderate Buy" and an average target price of $229.17.
Read Our Latest Stock Analysis on PLXS
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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