Wedge Capital Management L L P NC Has $7.33 Million Stock Holdings in Plexus Corp. $PLXS

Wedge Capital Management L L P NC grew its holdings in Plexus Corp. (NASDAQ:PLXS) by 15.7% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 24,370 shares of the technology company’s stock after acquiring an additional 3,300 shares during the period. Wedge Capital Management L L P NC owned 0.09% of Plexus worth $7,327,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the business. Covestor Ltd boosted its holdings in Plexus by 207.7% in the fourth quarter. Covestor Ltd now owns 240 shares of the technology company’s stock worth $35,000 after purchasing an additional 162 shares in the last quarter. Allworth Financial LP increased its position in 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 buying an additional 52 shares during the last quarter. Harbor Investment Advisory LLC bought a new position in Plexus during the second quarter valued at about $108,000. Johnson Financial Group Inc. acquired a new stake in shares of Plexus in the third quarter worth about $72,000. Finally, Farther Finance Advisors LLC lifted its position in shares of Plexus by 114.7% in the fourth quarter. Farther Finance Advisors LLC now owns 511 shares of the technology company’s stock worth $75,000 after buying an additional 273 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 shares were sold at an average price of $272.17, for a total transaction of $138,806.70. Following the transaction, the insider owned 665 shares in the company, valued at approximately $180,993.05. The trade was a 43.40% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Todd P. Kelsey sold 1,500 shares of the company’s stock in a transaction dated Wednesday, June 17th. The shares were sold at an average price of $294.98, for a total transaction of $442,470.00. Following the transaction, the chief executive officer directly owned 68,888 shares of the company’s stock, valued at $20,320,582.24. This represents a 2.13% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 5,510 shares of company stock worth $1,525,182 over the last 90 days. Company insiders own 1.78% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently issued reports on PLXS shares. Stifel Nicolaus upped their price target on Plexus from $280.00 to $330.00 and gave the stock a “buy” rating in a research note on Monday, June 22nd. Weiss Ratings cut Plexus from a “buy (b)” rating to a “buy (b-)” rating in a research report on Tuesday. Sidoti upgraded Plexus from a “neutral” rating to a “buy” rating and set a $308.00 price target on the stock in a report on Friday, July 31st. Zacks Research upgraded shares of Plexus from a “strong sell” rating to a “hold” rating in a research note on Monday, July 13th. Finally, Needham & Company LLC upped their price objective on shares of Plexus from $285.00 to $310.00 and gave the stock a “buy” rating in a report on Monday, June 1st. Six analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat.com, Plexus currently has an average rating of “Moderate Buy” and an average price target of $273.00.

Plexus Stock Performance

Shares of NASDAQ PLXS opened at $271.95 on Thursday. Plexus Corp. has a 12 month low of $126.86 and a 12 month high of $307.06. 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 $7.28 billion, a P/E ratio of 40.11 and a beta of 0.90. The business’s 50 day moving average is $272.93 and its two-hundred day moving average is $239.49.

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, topping the consensus estimate of $2.13 by $0.19. The business had revenue of $1.30 billion for the quarter, compared to the consensus estimate of $1.23 billion. Plexus had a net margin of 4.03% and a return on equity of 12.46%. Plexus’s quarterly revenue was up 28.2% on a year-over-year basis. During the same quarter last year, the company posted $1.64 earnings per share. Plexus has set its Q4 2026 guidance at 2.470-2.630 EPS. On average, equities analysts expect that Plexus Corp. will post 6.73 EPS for the current 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.