Legal & General Group Plc Has $10.49 Million Holdings in Plexus Corp. $PLXS

Legal & General Group Plc cut its position in Plexus Corp. (NASDAQ:PLXS) by 4.5% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 71,353 shares of the technology company’s stock after selling 3,385 shares during the quarter. Legal & General Group Plc owned approximately 0.27% of Plexus worth $10,489,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Allworth Financial LP grew its stake in Plexus by 20.8% in the 4th quarter. Allworth Financial LP now owns 302 shares of the technology company’s stock valued at $44,000 after buying an additional 52 shares during the last quarter. Oregon Public Employees Retirement Fund grew its position in Plexus by 1.2% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 6,175 shares of the technology company’s stock worth $908,000 after purchasing an additional 71 shares during the last quarter. Uncommon Cents Investing LLC grew its position in Plexus by 0.8% in the 4th quarter. Uncommon Cents Investing LLC now owns 9,925 shares of the technology company’s stock worth $1,459,000 after purchasing an additional 75 shares during the last quarter. Choreo LLC grew its position in Plexus by 1.9% in the 4th quarter. Choreo LLC now owns 5,131 shares of the technology company’s stock worth $767,000 after purchasing an additional 94 shares during the last quarter. Finally, Arizona State Retirement System grew its position in Plexus by 1.3% in the 3rd quarter. Arizona State Retirement System now owns 7,993 shares of the technology company’s stock worth $1,157,000 after purchasing an additional 102 shares during the last quarter. 94.45% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Plexus

In related news, EVP Angelo Michael Ninivaggi, Jr. sold 3,270 shares of Plexus stock in a transaction dated Friday, May 8th. The shares were sold at an average price of $264.75, for a total transaction of $865,732.50. Following the completion of the transaction, the executive vice president directly owned 16,266 shares of the company’s stock, valued at $4,306,423.50. This trade represents a 16.74% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Todd P. Kelsey sold 3,000 shares of Plexus stock in a transaction dated Tuesday, May 5th. The shares were sold at an average price of $268.45, for a total transaction of $805,350.00. Following the transaction, the chief executive officer directly owned 74,888 shares of the company’s stock, valued at $20,103,683.60. This represents a 3.85% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 20,471 shares of company stock valued at $5,275,401 in the last ninety days. Insiders own 1.78% of the company’s stock.

Analyst Ratings Changes

PLXS has been the topic of several research analyst reports. Zacks Research lowered shares of Plexus from a “hold” rating to a “strong sell” rating in a research report on Wednesday, May 20th. Stifel Nicolaus set a $280.00 price target on shares of Plexus in a research report on Tuesday, May 26th. Raymond James Financial restated an “outperform” rating and issued a $275.00 price target on shares of Plexus in a research report on Thursday, April 30th. Needham & Company LLC raised their price target on shares of Plexus from $285.00 to $310.00 and gave the stock a “buy” rating in a research report on Monday. Finally, Benchmark restated a “buy” rating and issued a $220.00 price target on shares of Plexus in a research report on Monday, March 16th. Five investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $238.33.

Plexus Trading Up 2.7%

Shares of PLXS stock opened at $287.55 on Thursday. Plexus Corp. has a 12-month low of $115.35 and a 12-month high of $292.33. The company has a market capitalization of $7.69 billion, a P/E ratio of 42.04 and a beta of 0.89. The firm has a 50-day moving average price of $242.60 and a 200 day moving average price of $197.77. 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) last announced its quarterly earnings results on Wednesday, April 29th. The technology company reported $2.05 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.87 by $0.18. Plexus had a net margin of 4.35% and a return on equity of 12.84%. The firm had revenue of $1.16 billion during the quarter, compared to the consensus estimate of $1.13 billion. During the same period last year, the firm posted $1.66 EPS. The firm’s quarterly revenue was up 18.7% on a year-over-year basis. Plexus has set its Q3 2026 guidance at 2.020-2.180 EPS. Research analysts forecast that Plexus Corp. will post 5.98 earnings per share for the current fiscal year.

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.