Acadian Asset Management LLC Buys 12,747 Shares of Plexus Corp. $PLXS

Key Points

• Acadian Asset Management LLC significantly increased its stake in Plexus Corp. by 666.3% in Q1 2023, acquiring a total of 14,660 shares valued at approximately $1.88 million.
• Major institutional investors, including Fuller & Thaler and GAMMA Investing, also boosted their positions in Plexus, contributing to a high overall institutional ownership of 94.45%.
• Plexus recently reported quarterly earnings of $1.90 per share, surpassing estimates, and provided an earnings guidance for Q4 2025 of between 1.820 and 1.970 EPS.

Acadian Asset Management LLC lifted its position in shares of Plexus Corp. (NASDAQ:PLXS - Free Report) by 666.3% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 14,660 shares of the technology company's stock after buying an additional 12,747 shares during the period. Acadian Asset Management LLC owned about 0.05% of Plexus worth $1,876,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the stock. Versant Capital Management Inc raised its stake in Plexus by 1,000.0% in 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 period. TD Private Client Wealth LLC raised its stake in Plexus by 185.6% in 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 period. Banque Transatlantique SA bought a new stake in Plexus in the first quarter valued at approximately $71,000. N.E.W. Advisory Services LLC bought a new stake in Plexus in the first quarter valued at approximately $87,000. Finally, Blue Trust Inc. raised its stake in Plexus by 49.2% in the first quarter. Blue Trust Inc. now owns 846 shares of the technology company's stock valued at $108,000 after buying an additional 279 shares during the period. 94.45% of the stock is owned by institutional investors and hedge funds.

Plexus Stock Down 1.2%

PLXS stock traded down $1.76 during mid-day trading on Friday, reaching $141.00. 707,178 shares of the company traded hands, compared to its average volume of 138,611. The stock has a market cap of $3.81 billion, a price-to-earnings ratio of 24.02 and a beta of 0.82. The company has a quick ratio of 0.74, a current ratio of 1.58 and a debt-to-equity ratio of 0.06. Plexus Corp. has a fifty-two week low of $103.43 and a fifty-two week high of $172.89. The firm's 50 day moving average price is $133.65 and its 200 day moving average price is $130.26.

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

Insider Transactions at Plexus

In related news, insider Victor (Pang Hau) Tan sold 3,000 shares of Plexus stock in a transaction that occurred on Thursday, August 28th. The shares were sold at an average price of $139.00, for a total value of $417,000.00. Following the sale, the insider owned 8,723 shares of the company's stock, valued at approximately $1,212,497. The trade was a 25.59% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, COO Oliver K. Mihm sold 2,102 shares of the business's stock in a transaction on Friday, August 15th. The shares were sold at an average price of $130.43, for a total transaction of $274,163.86. Following the sale, the chief operating officer directly owned 21,155 shares in the company, valued at $2,759,246.65. The trade was a 9.04% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 14,356 shares of company stock worth $1,926,890. 1.76% of the stock is owned by insiders.

Analyst Ratings Changes

Several analysts have issued reports on PLXS shares. Sidoti upgraded Plexus from a "neutral" rating to a "buy" rating and upped their price objective for the company from $135.00 to $150.00 in a research note on Friday, July 25th. Needham & Company LLC lowered their target price on Plexus from $162.00 to $158.00 and set a "buy" rating on the stock in a research note on Thursday, July 24th. Wall Street Zen lowered Plexus from a "strong-buy" rating to a "buy" rating in a research note on Saturday, August 16th. Benchmark reiterated a "buy" rating and set a $160.00 target price on shares of Plexus in a research note on Wednesday, June 4th. Finally, Stifel Nicolaus set a $140.00 price objective on Plexus in a research note on Thursday, July 24th. Three investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target 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.