4,917 Shares in Plexus Corp. $PLXS Purchased by Summit Creek Advisors LLC

Summit Creek Advisors LLC acquired a new stake in Plexus Corp. (NASDAQ:PLXS) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 4,917 shares of the technology company’s stock, valued at approximately $1,478,000.

A number of other large investors also recently bought and sold shares of the stock. BlackRock Inc. acquired a new stake in shares of Plexus during the second quarter valued at about $1,311,631,000. Dimensional Fund Advisors LP lifted its holdings in shares of Plexus by 0.5% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,373,457 shares of the technology company’s stock worth $201,903,000 after acquiring an additional 7,051 shares during the last quarter. State Street Corp boosted 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 worth $143,361,000 after purchasing an additional 24,115 shares during the period. Geode Capital Management LLC boosted its position in shares of Plexus by 0.6% during the 4th quarter. Geode Capital Management LLC now owns 672,614 shares of the technology company’s stock worth $98,890,000 after purchasing an additional 4,054 shares during the period. Finally, Fuller & Thaler Asset Management Inc. increased its holdings in Plexus by 5.8% in the 4th quarter. Fuller & Thaler Asset Management Inc. now owns 446,705 shares of the technology company’s stock valued at $65,666,000 after purchasing an additional 24,441 shares during the last quarter. Institutional investors and hedge funds own 94.45% of the company’s stock.

Insider Buying and Selling at Plexus

In other news, insider Michael J. Running sold 510 shares of the business’s stock in a transaction dated Friday, June 5th. The stock was sold at an average price of $272.17, for a total transaction of $138,806.70. Following the completion of the transaction, the insider directly owned 665 shares of the company’s stock, valued at approximately $180,993.05. The trade was a 43.40% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Todd P. Kelsey sold 1,500 shares of the business’s stock in a transaction that occurred on Wednesday, June 17th. The stock was sold at an average price of $294.98, for a total transaction of $442,470.00. Following the transaction, the chief executive officer owned 68,888 shares of the company’s stock, valued at $20,320,582.24. This trade represents a 2.13% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 8,010 shares of company stock valued at $2,246,027 in the last quarter. Corporate insiders own 1.78% of the company’s stock.

Plexus Stock Performance

NASDAQ:PLXS opened at $253.15 on Wednesday. Plexus Corp. has a 52 week low of $126.86 and a 52 week high of $307.06. The company has a fifty day simple moving average of $271.69 and a two-hundred day simple moving average of $241.98. 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 $6.77 billion, a price-to-earnings ratio of 37.34 and a beta of 0.90.

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. The business had revenue of $1.30 billion for the quarter, compared to analysts’ expectations of $1.23 billion. Plexus had a return on equity of 12.46% and a net margin of 4.03%.The company’s revenue for the quarter was up 28.2% compared to the same quarter last year. During the same period last year, the firm earned $1.64 earnings per share. 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.

Analysts Set New Price Targets

A number of research firms have commented on PLXS. Weiss Ratings cut Plexus from a “buy (b)” rating to a “buy (b-)” rating in a research note on Tuesday, August 11th. 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. Wall Street Zen upgraded Plexus from a “hold” rating to a “buy” rating in a report on Saturday, May 2nd. Raymond James Financial reissued an “outperform” rating and set a $275.00 target price on shares of Plexus in a research note on Thursday, April 30th. Finally, Needham & Company LLC restated a “buy” rating and set a $310.00 target price on shares of Plexus in a report on Friday, August 14th. One equities research analyst has rated the stock with a Strong Buy rating and six have assigned a Buy rating to the company’s stock. According to data from MarketBeat.com, Plexus has an average rating of “Buy” and a consensus target price of $273.00.

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.