Legal & General Group Plc Sells 3,385 Shares of Plexus Corp. $PLXS

Legal & General Group Plc cut its stake in Plexus Corp. (NASDAQ:PLXS) by 4.5% in the fourth quarter, according to the company in its most recent Form 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 period. Legal & General Group Plc’s holdings in Plexus were worth $10,489,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently modified their holdings of the stock. Allworth Financial LP raised its stake in shares of Plexus by 20.8% in the fourth quarter. Allworth Financial LP now owns 302 shares of the technology company’s stock worth $44,000 after acquiring an additional 52 shares during the last quarter. Oregon Public Employees Retirement Fund raised its stake in shares of Plexus by 1.2% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 6,175 shares of the technology company’s stock worth $908,000 after acquiring an additional 71 shares during the last quarter. Uncommon Cents Investing LLC raised its stake in shares of Plexus by 0.8% in the fourth quarter. Uncommon Cents Investing LLC now owns 9,925 shares of the technology company’s stock worth $1,459,000 after acquiring an additional 75 shares during the last quarter. Choreo LLC raised its stake in shares of Plexus by 1.9% in the fourth quarter. Choreo LLC now owns 5,131 shares of the technology company’s stock worth $767,000 after acquiring an additional 94 shares during the last quarter. Finally, Arizona State Retirement System raised its stake in shares of Plexus by 1.3% in the third quarter. Arizona State Retirement System now owns 7,993 shares of the technology company’s stock worth $1,157,000 after acquiring an additional 102 shares during the last quarter. 94.45% of the stock is owned by institutional investors.

Plexus Stock Up 2.7%

Shares of NASDAQ PLXS opened at $287.55 on Thursday. The stock has a market cap 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 debt-to-equity ratio of 0.06, a quick ratio of 0.74 and a current ratio of 1.54. Plexus Corp. has a 52-week low of $115.35 and a 52-week high of $292.33.

Plexus (NASDAQ:PLXS) last issued its quarterly earnings data on Wednesday, April 29th. The technology company reported $2.05 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.87 by $0.18. The firm had revenue of $1.16 billion during the quarter, compared to analysts’ expectations of $1.13 billion. Plexus had a net margin of 4.35% and a return on equity of 12.84%. The business’s revenue for the quarter was up 18.7% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.66 earnings per share. Plexus has set its Q3 2026 guidance at 2.020-2.180 EPS. Analysts expect that Plexus Corp. will post 5.98 EPS for the current year.

Insider Activity at Plexus

In related news, insider Victor (Pang Hau) Tan sold 3,000 shares of the business’s stock in a transaction that occurred 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 completion of the transaction, the insider owned 10,457 shares in the company, valued at approximately $2,836,252.11. The trade was a 22.29% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Todd P. Kelsey sold 3,000 shares of Plexus stock in a transaction that occurred on Tuesday, May 5th. The shares were sold at an average price of $268.45, for a total transaction of $805,350.00. Following the completion of the transaction, the chief executive officer directly owned 74,888 shares in the company, valued at approximately $20,103,683.60. The trade was a 3.85% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders sold 20,471 shares of company stock worth $5,275,401. 1.78% of the stock is currently owned by company insiders.

Analyst Ratings Changes

PLXS has been the subject of a number of research analyst reports. Wall Street Zen raised shares of Plexus from a “hold” rating to a “buy” rating in a research note on Saturday, May 2nd. Weiss Ratings raised shares of Plexus from a “buy (b-)” rating to a “buy (b)” rating in a research note on Monday, May 11th. Needham & Company LLC lifted 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. Raymond James Financial reiterated an “outperform” rating and set a $275.00 price target on shares of Plexus in a research report on Thursday, April 30th. Finally, Benchmark reiterated a “buy” rating and set a $220.00 price target on shares of Plexus in a research report on Monday, March 16th. Five equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $238.33.

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.