Inspire Investing LLC Acquires 7,611 Shares of Plexus Corp. $PLXS

Inspire Investing LLC raised its holdings in Plexus Corp. (NASDAQ:PLXS) by 239.5% in the 1st quarter, HoldingsChannel reports. The fund owned 10,789 shares of the technology company’s stock after acquiring an additional 7,611 shares during the period. Inspire Investing LLC’s holdings in Plexus were worth $2,185,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of PLXS. Allworth Financial LP lifted its holdings 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 purchasing an additional 52 shares during the period. Maryland State Retirement & Pension System increased its holdings in Plexus by 1.5% in the fourth quarter. Maryland State Retirement & Pension System now owns 3,940 shares of the technology company’s stock valued at $579,000 after purchasing an additional 60 shares during the period. Oregon Public Employees Retirement Fund increased its holdings in Plexus by 1.2% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 6,175 shares of the technology company’s stock valued at $908,000 after purchasing an additional 71 shares during the period. Uncommon Cents Investing LLC raised its position in Plexus by 0.8% during the 4th quarter. Uncommon Cents Investing LLC now owns 9,925 shares of the technology company’s stock worth $1,459,000 after purchasing an additional 75 shares during the last quarter. Finally, Corient Private Wealth LLC raised its position in Plexus by 4.5% during the 4th quarter. Corient Private Wealth LLC now owns 1,900 shares of the technology company’s stock worth $279,000 after purchasing an additional 82 shares during the last quarter. Institutional investors own 94.45% of the company’s stock.

Insiders Place Their Bets

In other news, insider Victor (Pang Hau) Tan sold 3,000 shares of the business’s stock in a transaction that occurred on Monday, May 11th. The stock was sold at an average price of $271.23, for a total transaction of $813,690.00. Following the completion of the sale, the insider owned 10,457 shares in the company, valued at $2,836,252.11. The trade was a 22.29% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, 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 transaction, the chief executive officer directly owned 74,888 shares in the company, valued at $20,103,683.60. The trade was a 3.85% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 21,981 shares of company stock worth $5,855,318. Corporate insiders own 1.78% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on the company. Raymond James Financial reiterated an “outperform” rating and issued a $275.00 price target on shares of Plexus in a research report on Thursday, April 30th. Needham & Company LLC lifted their price objective on Plexus from $285.00 to $310.00 and gave the stock a “buy” rating in a research note on Monday, June 1st. Zacks Research lowered Plexus from a “hold” rating to a “strong sell” rating in a research note on Wednesday, May 20th. Wall Street Zen raised shares of Plexus from a “hold” rating to a “buy” rating in a research report on Saturday, May 2nd. Finally, Stifel Nicolaus raised their price target on shares of Plexus from $280.00 to $330.00 and gave the stock a “buy” rating in a report on Monday, June 22nd. Five investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $246.67.

Plexus Trading Up 4.5%

NASDAQ:PLXS opened at $300.67 on Wednesday. Plexus Corp. has a 12 month low of $115.35 and a 12 month high of $307.06. The company has a current ratio of 1.54, a quick ratio of 0.74 and a debt-to-equity ratio of 0.06. The stock has a market capitalization of $8.05 billion, a price-to-earnings ratio of 43.96 and a beta of 0.89. The firm has a fifty day simple moving average of $271.59 and a two-hundred day simple moving average of $217.26.

Plexus (NASDAQ:PLXS) last announced its quarterly earnings data on Wednesday, April 29th. The technology company reported $2.05 earnings per share for the quarter, beating the consensus estimate of $1.87 by $0.18. The firm had revenue of $1.16 billion for the quarter, compared to analyst estimates of $1.13 billion. Plexus had a net margin of 4.35% and a return on equity of 12.84%. The business’s quarterly revenue was up 18.7% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.66 earnings per share. Plexus has set its Q3 2026 guidance at 2.020-2.180 EPS. Analysts expect that Plexus Corp. will post 5.98 EPS for the current fiscal 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.