Intech Investment Management LLC Acquires 2,515 Shares of Plexus Corp. $PLXS

Intech Investment Management LLC grew its holdings in Plexus Corp. (NASDAQ:PLXS) by 24.3% during the fourth quarter, HoldingsChannel.com reports. The firm owned 12,846 shares of the technology company’s stock after acquiring an additional 2,515 shares during the quarter. Intech Investment Management LLC’s holdings in Plexus were worth $1,888,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Covestor Ltd boosted its stake in shares of Plexus by 207.7% during the fourth quarter. Covestor Ltd now owns 240 shares of the technology company’s stock valued at $35,000 after purchasing an additional 162 shares during the period. Allworth Financial LP increased its stake in Plexus by 70.1% in the 3rd quarter. Allworth Financial LP now owns 250 shares of the technology company’s stock worth $36,000 after buying an additional 103 shares during the period. Johnson Financial Group Inc. bought a new stake in Plexus during the 3rd quarter valued at about $72,000. Farther Finance Advisors LLC lifted its holdings in Plexus by 114.7% during the 4th quarter. Farther Finance Advisors LLC now owns 511 shares of the technology company’s stock valued at $75,000 after buying an additional 273 shares in the last quarter. Finally, EverSource Wealth Advisors LLC boosted its position in Plexus by 583.3% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 574 shares of the technology company’s stock valued at $78,000 after buying an additional 490 shares during the period. 94.45% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

PLXS has been the topic of a number of research analyst reports. Raymond James Financial restated an “outperform” rating and issued a $275.00 target price on shares of Plexus in a research note on Thursday, April 30th. Weiss Ratings upgraded Plexus from a “buy (b-)” rating to a “buy (b)” rating in a report on Monday, May 11th. Benchmark reissued a “buy” rating and issued a $220.00 price objective on shares of Plexus in a research note on Monday, March 16th. Wall Street Zen upgraded Plexus from a “hold” rating to a “buy” rating in a report on Saturday, May 2nd. Finally, Needham & Company LLC lifted their target price on Plexus from $285.00 to $310.00 and gave the company a “buy” rating in a research report on Monday. Five investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $238.33.

Plexus Trading Down 1.1%

NASDAQ PLXS opened at $284.35 on Friday. Plexus Corp. has a one year low of $115.35 and a one year high of $292.33. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.74 and a current ratio of 1.54. The company has a market capitalization of $7.61 billion, a price-to-earnings ratio of 41.57 and a beta of 0.89. The company’s 50-day simple moving average is $244.01 and its two-hundred day simple moving average is $198.78.

Plexus (NASDAQ:PLXS) last announced its quarterly earnings results on Wednesday, April 29th. The technology company reported $2.05 earnings per share for the quarter, topping the consensus estimate 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 during the quarter, compared to analysts’ expectations of $1.13 billion. During the same quarter in the prior year, the company earned $1.66 EPS. The company’s revenue was up 18.7% compared to the same quarter last year. Plexus has set its Q3 2026 guidance at 2.020-2.180 EPS. Equities analysts forecast that Plexus Corp. will post 5.98 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, insider Victor (Pang Hau) Tan sold 3,000 shares of the business’s stock in a transaction on Monday, May 11th. The stock was sold at an average price of $271.23, for a total value of $813,690.00. Following the completion of the transaction, the insider directly owned 10,457 shares of the company’s stock, valued at approximately $2,836,252.11. The trade was a 22.29% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Angelo Michael Ninivaggi, Jr. sold 3,270 shares of the company’s stock in a transaction on 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 of the company’s stock, valued at $4,306,423.50. This trade represents a 16.74% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 21,471 shares of company stock worth $5,565,401 over the last 90 days. Company 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.