State of Alaska Department of Revenue Reduces Stock Holdings in Plexus Corp. $PLXS

State of Alaska Department of Revenue reduced its stake in shares of Plexus Corp. (NASDAQ:PLXS) by 40.5% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 14,982 shares of the technology company’s stock after selling 10,199 shares during the period. State of Alaska Department of Revenue’s holdings in Plexus were worth $2,202,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of PLXS. American Century Companies Inc. raised its holdings in shares of Plexus by 44.2% during the 3rd quarter. American Century Companies Inc. now owns 1,103,892 shares of the technology company’s stock valued at $159,722,000 after buying an additional 338,119 shares during the period. Balyasny Asset Management L.P. acquired a new position in shares of Plexus in the 3rd quarter worth approximately $12,509,000. Arrowstreet Capital Limited Partnership boosted its position in Plexus by 965.0% during the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 80,890 shares of the technology company’s stock valued at $11,704,000 after purchasing an additional 73,295 shares during the period. Qube Research & Technologies Ltd boosted its position in Plexus by 37.1% during the 2nd quarter. Qube Research & Technologies Ltd now owns 242,726 shares of the technology company’s stock valued at $32,843,000 after purchasing an additional 65,644 shares during the period. Finally, Bank of America Corp DE boosted its position in Plexus by 53.6% during the 2nd quarter. Bank of America Corp DE now owns 177,237 shares of the technology company’s stock valued at $23,982,000 after purchasing an additional 61,817 shares during the period. 94.45% of the stock is currently owned by hedge funds and other institutional investors.

Plexus Stock Up 2.6%

NASDAQ:PLXS opened at $228.64 on Friday. The firm has a market capitalization of $6.13 billion, a price-to-earnings ratio of 35.56 and a beta of 0.75. Plexus Corp. has a 1-year low of $115.35 and a 1-year high of $232.17. The company has a current ratio of 1.59, a quick ratio of 0.75 and a debt-to-equity ratio of 0.06. The business’s fifty day moving average price is $203.58 and its 200 day moving average price is $172.32.

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

Analysts Set New Price Targets

A number of research analysts have issued reports on PLXS shares. Williams Trading set a $195.00 price target on Plexus in a research report on Wednesday, January 28th. Benchmark reiterated a “buy” rating and set a $220.00 price target on shares of Plexus in a research report on Monday, March 16th. Needham & Company LLC boosted their price target on Plexus from $165.00 to $206.00 and gave the stock a “buy” rating in a research report on Friday, January 30th. Wall Street Zen downgraded Plexus from a “buy” rating to a “hold” rating in a research note on Sunday, March 8th. Finally, Stifel Nicolaus upped their price objective on Plexus from $150.00 to $200.00 and gave the company a “hold” rating in a report on Friday, January 30th. Three investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, Plexus has an average rating of “Moderate Buy” and a consensus price target of $194.20.

Plexus News Roundup

Here are the key news stories impacting Plexus this week:

• Positive Sentiment: Plexus hit a fresh high on Nasdaq momentum, which can attract momentum traders and support near‑term upside. Plexus (NASDAQ:PLXS) Hits Fresh High Amid Nasdaq Composite Momentum
• Positive Sentiment: Plexus set its fiscal Q2 2026 earnings release for April 29 and will host a management call on April 30 — a near‑term catalyst that could reinforce the rally if results or guidance beat expectations. Plexus Sets Fiscal Second Quarter 2026 Earnings Release Date
• Neutral Sentiment: CEO Todd Kelsey sold 1,500 shares on April 15 under a pre‑arranged Rule 10b5‑1 plan; the sale is small relative to his remaining stake (~1.83% decrease) and typical of scheduled insider plans. Investors often view scheduled, plan‑based sales as neutral. SEC Filing – Form 4
• Negative Sentiment: Zacks Research downgraded Plexus from “strong‑buy” to “hold” and trimmed several near‑ and medium‑term EPS estimates (small reductions to FY2026–FY2028 and quarterly forecasts). The downgrade and estimate cuts can weigh on sentiment and analyst‑driven flows despite recent topline growth. Zacks Downgrade / Estimates

Insider Buying and Selling

In other Plexus news, CEO Todd P. Kelsey sold 8,120 shares of the company’s stock in a transaction dated Tuesday, February 3rd. The stock was sold at an average price of $205.65, for a total value of $1,669,878.00. Following the transaction, the chief executive officer directly owned 78,598 shares of the company’s stock, valued at $16,163,678.70. This represents a 9.36% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, COO Oliver K. Mihm sold 9,541 shares of the company’s stock in a transaction dated Wednesday, February 18th. The stock was sold at an average price of $201.40, for a total value of $1,921,557.40. Following the completion of the transaction, the chief operating officer directly owned 12,809 shares in the company, valued at approximately $2,579,732.60. The trade was a 42.69% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders sold 50,995 shares of company stock worth $10,345,971. Insiders own 1.78% of the company’s stock.

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.