Plexus Corp. $PLXS Shares Sold by Two Sigma Securities LLC

Two Sigma Securities LLC decreased its position in Plexus Corp. (NASDAQ:PLXS) by 64.6% in the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 1,430 shares of the technology company’s stock after selling 2,614 shares during the period. Two Sigma Securities LLC’s holdings in Plexus were worth $430,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in PLXS. Mitsubishi UFJ Asset Management Co. Ltd. purchased a new stake in shares of Plexus during the 2nd quarter valued at approximately $32,000. Covestor Ltd raised its position in Plexus by 207.7% in the fourth quarter. Covestor Ltd now owns 240 shares of the technology company’s stock valued at $35,000 after purchasing an additional 162 shares during the period. Kilter Group LLC acquired a new position in shares of Plexus in the 2nd quarter valued at $40,000. Allworth Financial LP grew its holdings in shares of Plexus by 20.8% during the 4th quarter. Allworth Financial LP now owns 302 shares of the technology company’s stock worth $44,000 after purchasing an additional 52 shares during the period. Finally, Persistent Asset Partners Ltd purchased a new position in shares of Plexus during the 2nd quarter worth $71,000. Institutional investors and hedge funds own 94.45% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the stock. Needham & Company LLC reissued a “buy” rating and issued a $310.00 price target on shares of Plexus in a research note on Friday, August 14th. Zacks Research upgraded shares of Plexus from a “hold” rating to a “strong-buy” rating in a report on Tuesday, August 11th. Stifel Nicolaus boosted their target price on Plexus from $280.00 to $330.00 and gave the company a “buy” rating in a research report on Monday, June 22nd. Weiss Ratings cut Plexus from a “buy (b)” rating to a “buy (b-)” rating in a research note on Tuesday, August 11th. Finally, Sidoti raised Plexus from a “neutral” rating to a “buy” rating and set a $308.00 price objective for the company in a research note on Friday, July 31st. One analyst has rated the stock with a Strong Buy rating and six have issued a Buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Buy” and an average price target of $273.00.

Plexus Stock Performance

NASDAQ:PLXS opened at $239.29 on Thursday. Plexus Corp. has a 52 week low of $132.03 and a 52 week high of $307.06. The company has a fifty day simple moving average of $260.39 and a two-hundred day simple moving average of $244.98. The company has a quick ratio of 0.72, a current ratio of 1.49 and a debt-to-equity ratio of 0.06. The company has a market cap of $6.40 billion, a price-to-earnings ratio of 35.29 and a beta of 0.89.

Plexus (NASDAQ:PLXS) last announced its quarterly earnings data on Wednesday, July 29th. The technology company reported $2.32 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.13 by $0.19. Plexus had a return on equity of 12.46% and a net margin of 4.03%.The business had revenue of $1.30 billion during the quarter, compared to analysts’ expectations of $1.23 billion. During the same quarter last year, the business posted $1.64 EPS. The business’s quarterly revenue was up 28.2% compared to the same quarter last year. Plexus has set its Q4 2026 guidance at 2.470-2.630 EPS. As a group, equities analysts anticipate that Plexus Corp. will post 7.11 earnings per share for the current fiscal year.

Insider Activity

In other news, insider Michael J. Running sold 510 shares of the firm’s stock in a transaction on Friday, June 5th. The shares were sold at an average price of $272.17, for a total value of $138,806.70. Following the sale, the insider directly owned 665 shares in the company, valued at approximately $180,993.05. This trade represents a 43.40% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Michael V. Schrock sold 4,000 shares of Plexus stock in a transaction on Tuesday, August 11th. The stock was sold at an average price of $275.00, for a total transaction of $1,100,000.00. Following the sale, the director directly owned 40,329 shares of the company’s stock, valued at approximately $11,090,475. This trade represents a 9.02% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 8,010 shares of company stock worth $2,178,182 over the last three months. Insiders own 1.78% of the company’s stock.

Plexus Company 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.