Vanguard Group Inc. Has $533.02 Million Stock Holdings in Plexus Corp. $PLXS

Vanguard Group Inc. lifted its position in Plexus Corp. (NASDAQ:PLXS) by 0.6% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 3,683,845 shares of the technology company’s stock after buying an additional 22,374 shares during the quarter. Vanguard Group Inc. owned about 0.14% of Plexus worth $533,016,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently added to or reduced their stakes in PLXS. JPMorgan Chase & Co. lifted its stake in shares of Plexus by 28.3% in the 3rd quarter. JPMorgan Chase & Co. now owns 240,460 shares of the technology company’s stock valued at $34,792,000 after purchasing an additional 52,967 shares during the last quarter. State of New Jersey Common Pension Fund D increased its position in Plexus by 12.9% during the third quarter. State of New Jersey Common Pension Fund D now owns 16,293 shares of the technology company’s stock worth $2,357,000 after buying an additional 1,856 shares during the last quarter. PNC Financial Services Group Inc. raised its holdings in Plexus by 45.0% during the third quarter. PNC Financial Services Group Inc. now owns 3,258 shares of the technology company’s stock valued at $471,000 after buying an additional 1,011 shares in the last quarter. Public Sector Pension Investment Board lifted its position in shares of Plexus by 13.9% in the third quarter. Public Sector Pension Investment Board now owns 105,224 shares of the technology company’s stock worth $15,225,000 after buying an additional 12,875 shares during the last quarter. Finally, Leuthold Group LLC lifted its position in shares of Plexus by 3.6% in the third quarter. Leuthold Group LLC now owns 25,974 shares of the technology company’s stock worth $3,758,000 after buying an additional 893 shares during the last quarter. 94.45% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, CAO Angelo Michael Ninivaggi, Jr. sold 4,303 shares of Plexus stock in a transaction that occurred on Thursday, February 5th. The shares were sold at an average price of $203.06, for a total transaction of $873,767.18. Following the transaction, the chief accounting officer owned 20,099 shares of the company’s stock, valued at $4,081,302.94. This trade represents a 17.63% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Todd P. Kelsey sold 8,120 shares of the business’s stock in a transaction that occurred on Tuesday, February 3rd. The shares were sold at an average price of $205.65, for a total transaction of $1,669,878.00. Following the transaction, the chief executive officer owned 78,598 shares of the company’s stock, valued at approximately $16,163,678.70. This represents a 9.36% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 47,995 shares of company stock valued at $9,692,416. Insiders own 1.78% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently commented on PLXS. Benchmark increased their price objective on Plexus from $165.00 to $195.00 and gave the company a “buy” rating in a report on Wednesday, January 28th. Needham & Company LLC increased their price target on Plexus from $165.00 to $206.00 and gave the company a “buy” rating in a report on Friday, January 30th. Williams Trading set a $195.00 price objective on shares of Plexus in a research note on Wednesday, January 28th. Zacks Research upgraded shares of Plexus from a “hold” rating to a “strong-buy” rating in a research note on Friday, February 6th. Finally, Weiss Ratings downgraded shares of Plexus from a “buy (b-)” rating to a “hold (c+)” rating in a report on Friday. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $189.20.

Plexus Trading Up 3.3%

Shares of NASDAQ PLXS opened at $203.99 on Wednesday. Plexus Corp. has a fifty-two week low of $103.43 and a fifty-two week high of $211.84. The firm has a market capitalization of $5.46 billion, a P/E ratio of 31.72 and a beta of 0.81. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.59 and a quick ratio of 0.75. The company’s 50 day simple moving average is $177.23 and its 200 day simple moving average is $154.63.

Plexus (NASDAQ:PLXS) last issued its earnings results on Wednesday, January 28th. The technology company reported $1.78 EPS for the quarter, beating the consensus estimate of $1.77 by $0.01. The company had revenue of $1.07 billion during the quarter, compared to analysts’ expectations of $1.07 billion. Plexus had a net margin of 4.28% and a return on equity of 12.39%. The business’s revenue for the quarter was up 9.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.73 EPS. Plexus has set its Q2 2026 guidance at 1.800-1.950 EPS. On average, analysts predict that Plexus Corp. will post 5.9 EPS for the current year.

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.