Plexus Corp. $PLXS Shares Sold by Public Employees Retirement System of Ohio

Public Employees Retirement System of Ohio cut its holdings in shares of Plexus Corp. (NASDAQ:PLXS) by 30.8% in the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 16,194 shares of the technology company’s stock after selling 7,222 shares during the period. Public Employees Retirement System of Ohio’s holdings in Plexus were worth $3,280,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in the business. Dimensional Fund Advisors LP increased its stake in shares of Plexus by 0.5% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,373,457 shares of the technology company’s stock valued at $201,903,000 after acquiring an additional 7,051 shares during the period. State Street Corp increased its position in shares of 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 purchasing an additional 24,115 shares during the period. Geode Capital Management LLC lifted its holdings in shares of Plexus by 0.6% in the fourth quarter. Geode Capital Management LLC now owns 672,614 shares of the technology company’s stock valued at $98,890,000 after buying an additional 4,054 shares during the period. Fuller & Thaler Asset Management Inc. boosted its stake in Plexus by 5.8% during the fourth quarter. Fuller & Thaler Asset Management Inc. now owns 446,705 shares of the technology company’s stock valued at $65,666,000 after buying an additional 24,441 shares in the last quarter. Finally, Nuveen LLC raised its position in Plexus by 12.2% in the fourth quarter. Nuveen LLC now owns 390,998 shares of the technology company’s stock worth $57,477,000 after acquiring an additional 42,501 shares in the last quarter. 94.45% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, insider Michael J. Running sold 510 shares of the business’s stock in a transaction that occurred on Friday, June 5th. The stock was sold at an average price of $272.17, for a total value of $138,806.70. Following the transaction, the insider owned 665 shares in the company, valued at $180,993.05. The trade was a 43.40% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Victor (Pang Hau) Tan sold 3,000 shares of the business’s stock in a transaction on Monday, May 11th. The shares were sold at an average price of $271.23, for a total transaction of $813,690.00. Following the sale, the insider directly owned 10,457 shares in the company, valued at $2,836,252.11. The trade was a 22.29% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 20,481 shares of company stock valued at $5,519,183. 1.78% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the company. Weiss Ratings raised Plexus from a “buy (b-)” rating to a “buy (b)” rating in a report on Monday, July 6th. Wall Street Zen raised shares of Plexus from a “hold” rating to a “buy” rating in a research note on Saturday, May 2nd. Zacks Research upgraded shares of Plexus from a “strong sell” rating to a “hold” rating in a report on Monday, July 13th. Stifel Nicolaus upped their price target on shares of Plexus from $280.00 to $330.00 and gave the company a “buy” rating in a research report on Monday, June 22nd. Finally, Needham & Company LLC lifted their price objective on shares of Plexus from $285.00 to $310.00 and gave the stock a “buy” rating in a research report on Monday, June 1st. Five equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $246.67.

Trending Headlines about Plexus

Here are the key news stories impacting Plexus this week:

• Positive Sentiment: Fiscal Q3 revenue rose approximately 28% year over year to $1.30 billion, exceeding the roughly $1.23 billion consensus estimate. Growth was supported by strength in the Industrial sector, program ramps and broad-based demand. Plexus’ Q3 Earnings Surpass Estimates, Revenues Increase Y/Y
• Positive Sentiment: Non-GAAP earnings were $2.32 per share, beating estimates by approximately $0.18-$0.19 and rising from $1.90 a year earlier. Gross profit increased 27.2% to $131.4 million, while operating profit grew 14.3% to $61.3 million. Plexus Non-GAAP EPS and Revenue Results
• Positive Sentiment: Management issued fiscal Q4 EPS guidance of $2.47-$2.63, well above the approximately $2.09 analyst consensus. Revenue guidance of $1.3-$1.4 billion was broadly in line with expectations but signals continued high sales levels. Plexus Earnings Report and Guidance
• Neutral Sentiment: Cash and equivalents increased 32.2% year over year to $314.1 million, although total liabilities also rose to $2.1 billion. Operating cash flow of $25.9 million was close to capital spending of $26.7 million. Plexus Q3 2026 Financial Overview
• Negative Sentiment: Third-party data showed net income attributable to common shareholders declined 4.7% year over year to $43.0 million, despite higher revenue. In addition, insider trading activity over the past six months consisted entirely of sales, including significant selling by senior executives, which may weigh on investor sentiment. Plexus Insider Trading and Earnings Data

Plexus Stock Performance

Plexus stock opened at $241.99 on Friday. Plexus Corp. has a 52-week low of $124.49 and a 52-week high of $307.06. 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 stock has a fifty day moving average price of $273.64 and a two-hundred day moving average price of $233.69. The firm has a market capitalization of $6.48 billion, a P/E ratio of 35.69 and a beta of 0.88.

Plexus (NASDAQ:PLXS) last posted its quarterly earnings results on Wednesday, July 29th. The technology company reported $2.32 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.13 by $0.19. The business had revenue of $1.30 billion for the quarter, compared to analyst estimates of $1.23 billion. Plexus had a return on equity of 12.57% and a net margin of 4.03%.The firm’s revenue was up 28.2% on a year-over-year basis. During the same period last year, the company earned $1.64 EPS. Plexus has set its Q4 2026 guidance at 2.470-2.630 EPS. As a group, analysts anticipate that Plexus Corp. will post 5.98 EPS for the current fiscal 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.