Campbell & CO Investment Adviser LLC Takes Position in Plexus Corp. $PLXS

Key Points

• Campbell & CO Investment Adviser LLC has acquired 16,293 shares of Plexus Corp., worth approximately $2,088,000, representing about 0.06% ownership in the company.
• Plexus Corp. reported $1.90 earnings per share (EPS) for the last quarter, exceeding analyst expectations and marking a 6.0% increase in revenue year-over-year.
• Recent analysts' evaluations of Plexus show a mixed sentiment, with a current average rating of "Moderate Buy" and a price target of $152.00.

Campbell & CO Investment Adviser LLC purchased a new stake in shares of Plexus Corp. (NASDAQ:PLXS - Free Report) during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 16,293 shares of the technology company's stock, valued at approximately $2,088,000. Campbell & CO Investment Adviser LLC owned about 0.06% of Plexus at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Aquatic Capital Management LLC raised its holdings in shares of Plexus by 134.0% during the fourth quarter. Aquatic Capital Management LLC now owns 234 shares of the technology company's stock valued at $37,000 after buying an additional 134 shares during the last quarter. Versant Capital Management Inc raised its holdings in shares of Plexus by 1,000.0% during the first quarter. Versant Capital Management Inc now owns 473 shares of the technology company's stock valued at $61,000 after buying an additional 430 shares during the last quarter. TD Private Client Wealth LLC raised its holdings in shares of Plexus by 185.6% during the first quarter. TD Private Client Wealth LLC now owns 514 shares of the technology company's stock valued at $66,000 after buying an additional 334 shares during the last quarter. N.E.W. Advisory Services LLC bought a new stake in Plexus during the first quarter worth approximately $87,000. Finally, Blue Trust Inc. raised its holdings in Plexus by 49.2% during the first quarter. Blue Trust Inc. now owns 846 shares of the technology company's stock worth $108,000 after purchasing an additional 279 shares in the last quarter. Institutional investors own 94.45% of the company's stock.

Insider Activity

In other Plexus news, CEO Todd P. Kelsey sold 1,500 shares of Plexus stock in a transaction that occurred on Friday, August 1st. The shares were sold at an average price of $125.63, for a total transaction of $188,445.00. Following the transaction, the chief executive officer directly owned 72,214 shares in the company, valued at approximately $9,072,244.82. The trade was a 2.03% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Victor (Pang Hau) Tan sold 3,000 shares of Plexus stock in a transaction that occurred on Thursday, August 28th. The stock was sold at an average price of $139.00, for a total transaction of $417,000.00. Following the transaction, the insider owned 8,723 shares in the company, valued at approximately $1,212,497. The trade was a 25.59% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 14,356 shares of company stock worth $1,919,885. 1.76% of the stock is owned by corporate insiders.

Plexus Price Performance

Shares of NASDAQ PLXS traded down $2.61 during trading on Friday, hitting $137.01. The company had a trading volume of 108,424 shares, compared to its average volume of 141,749. The company has a market cap of $3.70 billion, a P/E ratio of 23.34 and a beta of 0.80. Plexus Corp. has a 52 week low of $103.43 and a 52 week high of $172.89. The business's 50-day moving average is $133.13 and its 200 day moving average is $129.95. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.74 and a current ratio of 1.58.

Plexus (NASDAQ:PLXS - Get Free Report) last posted its quarterly earnings results on Wednesday, July 23rd. The technology company reported $1.90 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.71 by $0.19. Plexus had a return on equity of 12.33% and a net margin of 4.04%.The company had revenue of $1.02 billion for the quarter, compared to analysts' expectations of $1.02 billion. During the same quarter in the prior year, the company earned $1.45 earnings per share. The firm's revenue was up 6.0% on a year-over-year basis. Plexus has set its Q4 2025 guidance at 1.820-1.970 EPS. Equities research analysts predict that Plexus Corp. will post 5.9 earnings per share for the current fiscal year.

Analyst Ratings Changes

PLXS has been the topic of several recent analyst reports. Benchmark reissued a "buy" rating and set a $160.00 target price on shares of Plexus in a report on Wednesday, June 4th. Stifel Nicolaus set a $140.00 target price on Plexus in a report on Thursday, July 24th. Wall Street Zen cut Plexus from a "strong-buy" rating to a "buy" rating in a report on Saturday, August 16th. Needham & Company LLC reduced their price objective on shares of Plexus from $162.00 to $158.00 and set a "buy" rating for the company in a research report on Thursday, July 24th. Finally, Sidoti upgraded shares of Plexus from a "neutral" rating to a "buy" rating and raised their price objective for the company from $135.00 to $150.00 in a research report on Friday, July 25th. Three equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, Plexus has an average rating of "Moderate Buy" and a consensus target price of $152.00.

Plexus Profile

Plexus Corp. provides electronic manufacturing services in the United States and internationally. It offers design, develop, supply chain, new product introduction, and manufacturing solutions, as well as sustaining services to companies in the healthcare/life sciences, industrial/commercial, aerospace/defense, and communications market sectors.