Walleye Capital LLC Invests $2.17 Million in Plexus Corp. $PLXS

Walleye Capital LLC bought a new stake in Plexus Corp. (NASDAQ:PLXS) during the 1st quarter, HoldingsChannel reports. The institutional investor bought 10,740 shares of the technology company’s stock, valued at approximately $2,175,000.

A number of other institutional investors also recently added to or reduced their stakes in PLXS. Dimensional Fund Advisors LP increased its position 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 valued at $201,903,000 after purchasing an additional 7,051 shares during the last quarter. State Street Corp raised its holdings in shares of Plexus by 2.3% in 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 in the last quarter. Geode Capital Management LLC lifted 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 last quarter. Fuller & Thaler Asset Management Inc. lifted its position in shares of Plexus by 5.8% during the 4th quarter. Fuller & Thaler Asset Management Inc. now owns 446,705 shares of the technology company’s stock worth $65,666,000 after purchasing an additional 24,441 shares during the last quarter. Finally, Nuveen LLC grew its stake in shares of Plexus by 12.2% during the fourth quarter. Nuveen LLC now owns 390,998 shares of the technology company’s stock worth $57,477,000 after purchasing an additional 42,501 shares in the last quarter. Hedge funds and other institutional investors own 94.45% of the company’s stock.

Analyst Ratings Changes

Several research firms recently commented on PLXS. Wall Street Zen raised Plexus from a “hold” rating to a “buy” rating in a report on Saturday, May 2nd. Weiss Ratings raised Plexus from a “buy (b-)” rating to a “buy (b)” rating in a report on Monday, July 6th. Needham & Company LLC upped their price objective on Plexus from $285.00 to $310.00 and gave the stock a “buy” rating in a research report on Monday, June 1st. Zacks Research raised Plexus from a “strong sell” rating to a “hold” rating in a research report on Monday, July 13th. Finally, Raymond James Financial reiterated an “outperform” rating and issued a $275.00 price objective on shares of Plexus in a report on Thursday, April 30th. Five equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, Plexus presently has a consensus rating of “Moderate Buy” and an average target price of $246.67.

Insider Buying and Selling at Plexus

In other Plexus news, insider Victor (Pang Hau) Tan sold 3,000 shares of the firm’s 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 owned 10,457 shares of the company’s stock, valued at approximately $2,836,252.11. This trade represents a 22.29% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Angelo Michael Ninivaggi, Jr. sold 3,270 shares of Plexus stock in a transaction dated Friday, May 8th. The stock was sold at an average price of $264.75, for a total value of $865,732.50. Following the sale, the executive vice president owned 16,266 shares in the company, valued at $4,306,423.50. This trade represents a 16.74% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 20,481 shares of company stock worth $5,519,183 over the last 90 days. Corporate insiders own 1.78% of the company’s stock.

Plexus Stock Up 0.9%

PLXS stock opened at $261.71 on Friday. The company’s 50 day moving average is $274.48 and its two-hundred day moving average is $230.44. Plexus Corp. has a twelve month low of $115.35 and a twelve month high of $307.06. The company has a current ratio of 1.54, a quick ratio of 0.74 and a debt-to-equity ratio of 0.06. The stock has a market cap of $7.00 billion, a P/E ratio of 38.26 and a beta of 0.88.

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