Intech Investment Management LLC Buys 2,515 Shares of Plexus Corp. $PLXS

Intech Investment Management LLC boosted its stake in Plexus Corp. (NASDAQ:PLXS) by 24.3% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 12,846 shares of the technology company’s stock after purchasing an additional 2,515 shares during the quarter. Intech Investment Management LLC’s holdings in Plexus were worth $1,888,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Vanguard Group Inc. increased its holdings in shares of Plexus by 0.6% in the third quarter. Vanguard Group Inc. now owns 3,683,845 shares of the technology company’s stock worth $533,016,000 after purchasing an additional 22,374 shares during the last quarter. American Century Companies Inc. boosted its stake in Plexus by 44.2% during the third quarter. American Century Companies Inc. now owns 1,103,892 shares of the technology company’s stock valued at $159,722,000 after buying an additional 338,119 shares during the last quarter. State Street Corp grew its holdings in Plexus by 2.3% during the 2nd quarter. State Street Corp now owns 1,059,501 shares of the technology company’s stock valued at $143,361,000 after buying an additional 24,115 shares in the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. grew its holdings in Plexus by 4.0% during the 3rd quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 915,296 shares of the technology company’s stock valued at $132,434,000 after buying an additional 35,237 shares in the last quarter. Finally, Geode Capital Management LLC increased its stake in Plexus by 0.6% in the 4th quarter. Geode Capital Management LLC now owns 672,614 shares of the technology company’s stock worth $98,890,000 after acquiring an additional 4,054 shares during the last quarter. Institutional investors own 94.45% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently commented on PLXS. Zacks Research downgraded 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 reaffirmed an “outperform” rating and set a $275.00 price target on shares of Plexus in a research note on Thursday, April 30th. Wall Street Zen raised shares of Plexus from a “hold” rating to a “buy” rating in a research note on Saturday, May 2nd. Finally, Benchmark restated a “buy” rating and issued a $220.00 target price on shares of Plexus in a report on Monday, March 16th. Five analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, Plexus has an average rating of “Moderate Buy” and an average target price of $238.33.

Insider Activity

In other news, CEO Todd P. Kelsey sold 1,000 shares of the firm’s stock in a transaction dated Wednesday, June 3rd. The shares were sold at an average price of $290.00, for a total value of $290,000.00. Following the completion of the sale, the chief executive officer owned 70,388 shares in the company, valued at approximately $20,412,520. This trade represents a 1.40% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Victor (Pang Hau) Tan sold 3,000 shares of Plexus stock in a transaction dated Monday, May 11th. The stock was sold at an average price of $271.23, for a total transaction of $813,690.00. Following the transaction, the insider directly owned 10,457 shares of the company’s stock, valued at approximately $2,836,252.11. This represents a 22.29% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 21,471 shares of company stock valued at $5,565,401. 1.78% of the stock is currently owned by company insiders.

Plexus Price Performance

NASDAQ:PLXS opened at $284.35 on Friday. The firm has a market capitalization of $7.61 billion, a price-to-earnings ratio of 41.57 and a beta of 0.89. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.54 and a quick ratio of 0.74. The business has a 50 day simple moving average of $244.01 and a 200-day simple moving average of $198.78. Plexus Corp. has a 1 year low of $115.35 and a 1 year high of $292.33.

Plexus (NASDAQ:PLXS) last released its quarterly earnings results on Wednesday, April 29th. The technology company reported $2.05 earnings per share for the quarter, beating the consensus estimate 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 return on equity of 12.84% and a net margin of 4.35%.Plexus’s quarterly revenue was up 18.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.66 EPS. Plexus has set its Q3 2026 guidance at 2.020-2.180 EPS. Equities analysts forecast that Plexus Corp. will post 5.98 EPS for the current year.

Plexus Profile

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.