Plexus (NASDAQ:PLXS) COO Sells $274,163.86 in Stock

Key Points

• Plexus Corp. COO Oliver Mihm sold 2,102 shares of company stock, totaling $274,163.86, which led to a 9.04% decrease in his ownership stake.
• The company reported a quarterly earnings per share (EPS) of $1.90, exceeding expectations, with a revenue of $1.02 billion.
• Plexus has received mixed ratings from analysts, with a consensus rating of "Moderate Buy" and a price target averaging $152.00.

Plexus Corp. (NASDAQ:PLXS - Get Free Report) COO Oliver K. Mihm sold 2,102 shares of Plexus stock in a transaction dated Friday, August 15th. The shares were sold at an average price of $130.43, for a total value of $274,163.86. Following the transaction, the chief operating officer owned 21,155 shares in the company, valued at $2,759,246.65. This trade represents a 9.04% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Plexus Stock Up 5.1%

Plexus stock traded up $6.71 during midday trading on Friday, reaching $137.26. The stock had a trading volume of 151,618 shares, compared to its average volume of 180,705. The firm's fifty day simple moving average is $132.44 and its 200-day simple moving average is $130.07. Plexus Corp. has a 1-year low of $103.43 and a 1-year high of $172.89. The stock has a market capitalization of $3.70 billion, a P/E ratio of 23.38 and a beta of 0.80. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.74 and a current ratio of 1.58.

Plexus (NASDAQ:PLXS - Get Free Report) last announced its earnings results on Wednesday, July 23rd. The technology company reported $1.90 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.71 by $0.19. Plexus had a return on equity of 12.33% and a net margin of 4.04%.The business had revenue of $1.02 billion for the quarter, compared to analyst estimates of $1.02 billion. During the same quarter last year, the firm earned $1.45 EPS. Plexus's revenue for the quarter was up 6.0% compared to the same quarter last year. Plexus has set its Q4 2025 guidance at 1.820-1.970 EPS. As a group, analysts expect that Plexus Corp. will post 5.9 EPS for the current fiscal year.

Wall Street Analyst Weigh In

PLXS has been the subject of several recent analyst reports. Needham & Company LLC lowered their target price on shares of Plexus from $162.00 to $158.00 and set a "buy" rating on the stock in a report on Thursday, July 24th. Stifel Nicolaus set a $140.00 price objective on shares of Plexus in a research report on Thursday, July 24th. Wall Street Zen cut shares of Plexus from a "strong-buy" rating to a "buy" rating in a report on Saturday, August 16th. Sidoti raised Plexus from a "neutral" rating to a "buy" rating and boosted their price target for the stock from $135.00 to $150.00 in a research report on Friday, July 25th. Finally, Benchmark restated a "buy" rating and issued a $160.00 price target on shares of Plexus in a research note on Wednesday, June 4th. Three investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $152.00.

Hedge Funds Weigh In On Plexus

A number of hedge funds have recently bought and sold shares of PLXS. Huntington National Bank boosted its holdings in Plexus by 41.5% in the 2nd quarter. Huntington National Bank now owns 324 shares of the technology company's stock valued at $44,000 after purchasing an additional 95 shares during the period. Xponance Inc. increased its holdings in shares of Plexus by 4.8% during the first quarter. Xponance Inc. now owns 2,315 shares of the technology company's stock worth $297,000 after purchasing an additional 106 shares during the period. Northwestern Mutual Wealth Management Co. increased its holdings in shares of Plexus by 7.1% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,750 shares of the technology company's stock worth $237,000 after purchasing an additional 116 shares during the period. Inspire Investing LLC boosted its stake in shares of Plexus by 4.8% in the first quarter. Inspire Investing LLC now owns 2,682 shares of the technology company's stock valued at $344,000 after buying an additional 123 shares during the period. Finally, Yousif Capital Management LLC grew its position in Plexus by 1.2% during the second quarter. Yousif Capital Management LLC now owns 10,117 shares of the technology company's stock worth $1,369,000 after buying an additional 124 shares in the last quarter. 94.45% of the stock is owned by institutional investors.

Plexus Company Profile

Plexus Corp. provides electronic manufacturing services in the United States and internationally. It offers design, develop, supply chain, new product introduction, and manufacturing solutions, as well as sustaining services to companies in the healthcare/life sciences, industrial/commercial, aerospace/defense, and communications market sectors.