BNP PARIBAS ASSET MANAGEMENT Holding S.A. Sells 95,553 Shares of Plexus Corp. $PLXS

BNP PARIBAS ASSET MANAGEMENT Holding S.A. cut its holdings in Plexus Corp. (NASDAQ:PLXS) by 9.8% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 880,059 shares of the technology company’s stock after selling 95,553 shares during the period. BNP PARIBAS ASSET MANAGEMENT Holding S.A. owned 3.26% of Plexus worth $119,080,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Deutsche Bank AG raised its position in Plexus by 22.8% in the first quarter. Deutsche Bank AG now owns 47,997 shares of the technology company’s stock worth $6,150,000 after acquiring an additional 8,921 shares during the period. Acadian Asset Management LLC raised its position in Plexus by 666.3% in the first quarter. Acadian Asset Management LLC now owns 14,660 shares of the technology company’s stock worth $1,876,000 after acquiring an additional 12,747 shares during the period. Meeder Asset Management Inc. bought a new position in Plexus in the first quarter worth approximately $121,000. Ritholtz Wealth Management raised its position in Plexus by 109.8% in the second quarter. Ritholtz Wealth Management now owns 4,660 shares of the technology company’s stock worth $631,000 after acquiring an additional 2,439 shares during the period. Finally, HighTower Advisors LLC raised its position in Plexus by 33.3% in the first quarter. HighTower Advisors LLC now owns 3,965 shares of the technology company’s stock worth $508,000 after acquiring an additional 990 shares during the period. 94.45% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on PLXS shares. Sidoti downgraded shares of Plexus from a “buy” rating to a “neutral” rating and set a $150.00 price target on the stock. in a research report on Friday, October 24th. Wall Street Zen downgraded shares of Plexus from a “strong-buy” rating to a “buy” rating in a research report on Sunday, October 19th. Benchmark reiterated a “buy” rating and issued a $165.00 price target on shares of Plexus in a research report on Friday, October 24th. Weiss Ratings reissued a “hold (c+)” rating on shares of Plexus in a research note on Wednesday, October 8th. Finally, Needham & Company LLC increased their price objective on shares of Plexus from $158.00 to $165.00 and gave the stock a “buy” rating in a research note on Thursday, October 23rd. Two analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $159.00.

Insider Activity at Plexus

In related news, COO Oliver K. Mihm sold 2,102 shares of the firm’s stock in a transaction on Friday, August 15th. The shares were sold at an average price of $130.43, for a total transaction of $274,163.86. Following the completion of the transaction, the chief operating officer directly owned 21,155 shares of the company’s stock, valued at approximately $2,759,246.65. This trade represents a 9.04% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Todd P. Kelsey sold 1,500 shares of the firm’s stock in a transaction on Wednesday, October 1st. The shares were sold at an average price of $143.70, for a total transaction of $215,550.00. Following the transaction, the chief executive officer directly owned 69,214 shares of the company’s stock, valued at $9,946,051.80. The trade was a 2.12% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 14,176 shares of company stock valued at $1,955,255 in the last ninety days. Corporate insiders own 1.76% of the company’s stock.

Plexus Stock Performance

Shares of NASDAQ PLXS opened at $139.49 on Wednesday. The firm has a fifty day moving average price of $142.21 and a 200-day moving average price of $135.13. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.58 and a quick ratio of 0.77. The stock has a market cap of $3.76 billion, a PE ratio of 22.28 and a beta of 0.80. Plexus Corp. has a 1 year low of $103.43 and a 1 year high of $172.89.

Plexus (NASDAQ:PLXS) last announced its quarterly earnings data on Wednesday, October 22nd. The technology company reported $2.14 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.84 by $0.30. The firm had revenue of $1.06 billion during the quarter, compared to analysts’ expectations of $1.05 billion. Plexus had a net margin of 4.29% and a return on equity of 12.77%. The company’s revenue for the quarter was up .7% compared to the same quarter last year. During the same period in the prior year, the company posted $1.85 earnings per share. Plexus has set its Q1 2026 guidance at 1.660-1.810 EPS. Equities analysts anticipate that Plexus Corp. will post 5.9 earnings per share for the current fiscal year.

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.