California State Teachers Retirement System Purchases 5,728 Shares of Plexus Corp. $PLXS

California State Teachers Retirement System boosted its position in shares of Plexus Corp. (NASDAQ:PLXS) by 22.3% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 31,393 shares of the technology company’s stock after purchasing an additional 5,728 shares during the period. California State Teachers Retirement System’s holdings in Plexus were worth $6,358,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Dimensional Fund Advisors LP grew its holdings in shares of Plexus by 0.5% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,373,457 shares of the technology company’s stock worth $201,903,000 after buying an additional 7,051 shares in the last quarter. State Street Corp raised its position in Plexus by 2.3% in the 2nd quarter. State Street Corp now owns 1,059,501 shares of the technology company’s stock valued at $143,361,000 after buying an additional 24,115 shares during the last quarter. Geode Capital Management LLC raised its position in Plexus by 0.6% in the 4th quarter. Geode Capital Management LLC now owns 672,614 shares of the technology company’s stock valued at $98,890,000 after buying an additional 4,054 shares during the last quarter. Fuller & Thaler Asset Management Inc. lifted its stake in Plexus by 5.8% in the 4th quarter. Fuller & Thaler Asset Management Inc. now owns 446,705 shares of the technology company’s stock valued at $65,666,000 after acquiring an additional 24,441 shares in the last quarter. Finally, Nuveen LLC lifted its stake in Plexus by 12.2% in the 4th quarter. Nuveen LLC now owns 390,998 shares of the technology company’s stock valued at $57,477,000 after acquiring an additional 42,501 shares in the last quarter. Institutional investors and hedge funds own 94.45% of the company’s stock.

Insiders Place Their Bets

In related news, EVP Angelo Michael Ninivaggi, Jr. sold 3,270 shares of the 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 in the company, valued at approximately $4,306,423.50. This represents a 16.74% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Victor (Pang Hau) Tan sold 3,000 shares of the firm’s stock in a transaction on Monday, May 11th. The shares were sold at an average price of $271.23, for a total value of $813,690.00. Following the sale, the insider directly owned 10,457 shares of the company’s stock, valued at $2,836,252.11. This represents a 22.29% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 11,780 shares of company stock valued at $3,204,604. 1.78% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in 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 report on Monday, June 22nd. Weiss Ratings upgraded shares of Plexus from a “buy (b-)” rating to a “buy (b)” rating in a report on Monday, July 6th. Sidoti raised shares of Plexus from a “neutral” rating to a “buy” rating and set a $308.00 price objective on the stock in a research report on Friday, July 31st. Zacks Research raised shares of Plexus from a “strong sell” rating to a “hold” rating in a research report on Monday, July 13th. Finally, Raymond James Financial restated an “outperform” rating and set a $275.00 target price on shares of Plexus in a report on Thursday, April 30th. Six analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $273.00.

Plexus Trading Down 0.8%

Shares of NASDAQ:PLXS opened at $274.70 on Thursday. Plexus Corp. has a 52-week low of $126.86 and a 52-week high of $307.06. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.72 and a current ratio of 1.49. The company has a market capitalization of $7.35 billion, a P/E ratio of 40.52 and a beta of 0.90. The company has a 50-day simple moving average of $273.46 and a 200 day simple moving average of $236.34.

Plexus (NASDAQ:PLXS) last announced its quarterly earnings results on Wednesday, July 29th. The technology company reported $2.32 earnings per share for the quarter, topping analysts’ consensus estimates of $2.13 by $0.19. The firm had revenue of $1.30 billion for the quarter, compared to the consensus estimate of $1.23 billion. Plexus had a return on equity of 12.46% and a net margin of 4.03%.The business’s revenue was up 28.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.64 earnings per share. Plexus has set its Q4 2026 guidance at 2.470-2.630 EPS. Sell-side analysts forecast that Plexus Corp. will post 5.98 earnings per share 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.