Sei Investments Co. Has $7.11 Million Position in Plexus Corp. $PLXS

Sei Investments Co. raised its holdings in shares of Plexus Corp. (NASDAQ:PLXS) by 99.6% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 35,106 shares of the technology company’s stock after purchasing an additional 17,519 shares during the quarter. Sei Investments Co.’s holdings in Plexus were worth $7,111,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Inspire Investing LLC lifted its stake in shares of Plexus by 1.6% in the fourth quarter. Inspire Investing LLC now owns 3,178 shares of the technology company’s stock valued at $467,000 after buying an additional 50 shares in the last quarter. Allworth Financial LP increased its position in shares of Plexus by 20.8% during 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 in the last quarter. Maryland State Retirement & Pension System raised its holdings in shares of Plexus by 1.5% in the 4th quarter. Maryland State Retirement & Pension System now owns 3,940 shares of the technology company’s stock worth $579,000 after acquiring an additional 60 shares during the last quarter. Oregon Public Employees Retirement Fund raised its holdings in shares of Plexus by 1.2% in the 4th 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. Finally, Corient Private Wealth LLC lifted its position in Plexus by 4.5% in the 4th quarter. Corient Private Wealth LLC now owns 1,900 shares of the technology company’s stock valued at $279,000 after acquiring an additional 82 shares in the last quarter. Institutional investors and hedge funds own 94.45% of the company’s stock.

Analyst Ratings Changes

PLXS has been the subject of a number of analyst reports. Zacks Research upgraded Plexus from a “strong sell” rating to a “hold” rating in a research note on Monday, July 13th. Raymond James Financial reissued an “outperform” rating and issued a $275.00 price objective on shares of Plexus in a research note on Thursday, April 30th. Sidoti upgraded Plexus from a “neutral” rating to a “buy” rating and set a $308.00 target price on the stock in a report on Friday. Wall Street Zen raised Plexus from a “hold” rating to a “buy” rating in a research report on Saturday, May 2nd. Finally, Needham & Company LLC upped their price target on Plexus from $285.00 to $310.00 and gave the stock a “buy” rating in a report on Monday, June 1st. Six investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $273.00.

Plexus Price Performance

PLXS opened at $251.34 on Monday. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.49 and a quick ratio of 0.72. The company’s 50-day moving average is $273.36 and its 200 day moving average is $234.33. Plexus Corp. has a fifty-two week low of $124.49 and a fifty-two week high of $307.06. The firm has a market capitalization of $6.73 billion, a P/E ratio of 37.07 and a beta of 0.90.

Plexus (NASDAQ:PLXS) last released its quarterly earnings results on Wednesday, July 29th. The technology company reported $2.32 earnings per share for the quarter, topping the consensus estimate of $2.13 by $0.19. Plexus had a net margin of 4.03% and a return on equity of 12.46%. The business had revenue of $1.30 billion for the quarter, compared to analysts’ expectations of $1.23 billion. During the same period in the previous year, the company earned $1.64 earnings per share. The firm’s revenue for the quarter was up 28.2% compared to the same quarter last year. Plexus has set its Q4 2026 guidance at 2.470-2.630 EPS. Research analysts expect that Plexus Corp. will post 5.98 earnings per share for the current fiscal year.

Insider Activity

In other news, CEO Todd P. Kelsey sold 3,000 shares of the company’s stock in a transaction that occurred on Tuesday, May 5th. The stock was sold at an average price of $268.45, for a total value of $805,350.00. Following the completion of the transaction, the chief executive officer directly owned 74,888 shares of the company’s stock, valued at $20,103,683.60. This represents a 3.85% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP Angelo Michael Ninivaggi, Jr. sold 3,270 shares of the stock in a transaction that occurred on Friday, May 8th. The shares were sold at an average price of $264.75, for a total value of $865,732.50. Following the sale, the executive vice president directly owned 16,266 shares of the company’s stock, valued at $4,306,423.50. The trade was a 16.74% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 18,078 shares of company stock worth $4,885,055 in the last quarter. 1.78% of the stock is owned by corporate insiders.

About Plexus

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.