Legal & General Group Plc Invests $19.51 Million in Plexus Corp. $PLXS

Legal & General Group Plc acquired a new stake in Plexus Corp. (NASDAQ:PLXS) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 64,894 shares of the technology company’s stock, valued at approximately $19,512,000. Legal & General Group Plc owned 0.24% of Plexus at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in the stock. Mitsubishi UFJ Asset Management Co. Ltd. acquired a new stake in shares of Plexus in the second quarter valued at $32,000. Kilter Group LLC purchased a new position in Plexus during the 2nd quarter valued at about $40,000. Persistent Asset Partners Ltd purchased a new position in Plexus during the 2nd quarter valued at about $71,000. Covestor Ltd grew its position in Plexus by 207.7% in the 4th quarter. Covestor Ltd now owns 240 shares of the technology company’s stock valued at $35,000 after acquiring an additional 162 shares in the last quarter. Finally, State of Wyoming purchased a new stake in Plexus during the second quarter worth about $81,000. 94.45% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts have recently commented on PLXS shares. Stifel Nicolaus raised their price objective on shares of Plexus from $280.00 to $330.00 and gave the company a “buy” rating in a research note on Monday, June 22nd. Zacks Research upgraded shares of Plexus from a “hold” rating to a “strong-buy” rating in a report on Tuesday, August 11th. Weiss Ratings cut shares of Plexus from a “buy (b)” rating to a “buy (b-)” rating in a research report on Tuesday, August 11th. Needham & Company LLC restated a “buy” rating and issued a $310.00 price target on shares of Plexus in a research note on Friday, August 14th. Finally, Sidoti raised 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. One investment analyst has rated the stock with a Strong Buy rating and six have given a Buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus target price of $273.00.

Insider Buying and Selling at Plexus

In related news, insider Michael J. Running sold 510 shares of the business’s stock in a transaction on Friday, June 5th. The shares were sold at an average price of $272.17, for a total transaction of $138,806.70. Following the completion of the transaction, the insider owned 665 shares in the company, valued at approximately $180,993.05. The trade was a 43.40% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Todd P. Kelsey sold 1,500 shares of the stock in a transaction on Wednesday, August 19th. The shares were sold at an average price of $250.98, for a total value of $376,470.00. Following the completion of the transaction, the chief executive officer directly owned 65,888 shares in the company, valued at $16,536,570.24. This trade represents a 2.23% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders have sold 8,510 shares of company stock valued at $2,347,747. Insiders own 1.78% of the company’s stock.

Plexus Stock Performance

Shares of Plexus stock opened at $240.87 on Friday. Plexus Corp. has a one year low of $132.03 and a one year high of $307.06. The company has a market cap of $6.45 billion, a PE ratio of 35.53 and a beta of 0.90. 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 business has a 50-day simple moving average of $263.63 and a 200-day simple moving average of $243.97.

Plexus (NASDAQ:PLXS) last issued its earnings results on Wednesday, July 29th. The technology company reported $2.32 earnings per share for the quarter, beating the consensus estimate of $2.13 by $0.19. Plexus had a net margin of 4.03% and a return on equity of 12.46%. The firm had revenue of $1.30 billion for the quarter, compared to analysts’ expectations of $1.23 billion. During the same quarter last year, the company earned $1.64 earnings per share. The firm’s revenue was up 28.2% compared to the same quarter last year. Plexus has set its Q4 2026 guidance at 2.470-2.630 EPS. On average, equities research analysts forecast that Plexus Corp. will post 7.11 EPS for the current fiscal 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.