BNP PARIBAS ASSET MANAGEMENT Holding S.A. Purchases 6,257 Shares of Plexus Corp. $PLXS

Key Points

• BNP Paribas Asset Management increased its stake in Plexus Corp. by 0.6%, holding approximately 975,612 shares valued at $125 million, representing 3.60% of the company.
• Multiple institutional investors, including American Century Companies Inc. and Invesco Ltd., have significantly raised their stakes in Plexus recently, contributing to a total institutional ownership of 94.45% of the stock.
• Plexus reported an earnings per share (EPS) of $1.90 for its last quarter, exceeding analysts' expectations, with a year-over-year revenue increase of 6.0% to $1.02 billion.

BNP PARIBAS ASSET MANAGEMENT Holding S.A. boosted its position in shares of Plexus Corp. (NASDAQ:PLXS - Free Report) by 0.6% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 975,612 shares of the technology company's stock after purchasing an additional 6,257 shares during the period. BNP PARIBAS ASSET MANAGEMENT Holding S.A. owned about 3.60% of Plexus worth $125,005,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Aquatic Capital Management LLC increased its holdings in Plexus by 134.0% during the 4th quarter. Aquatic Capital Management LLC now owns 234 shares of the technology company's stock worth $37,000 after purchasing an additional 134 shares in the last quarter. Versant Capital Management Inc increased its holdings in Plexus by 1,000.0% during the 1st quarter. Versant Capital Management Inc now owns 473 shares of the technology company's stock worth $61,000 after purchasing an additional 430 shares in the last quarter. TD Private Client Wealth LLC increased its holdings in Plexus by 185.6% during the 1st quarter. TD Private Client Wealth LLC now owns 514 shares of the technology company's stock worth $66,000 after purchasing an additional 334 shares in the last quarter. N.E.W. Advisory Services LLC bought a new position in Plexus during the 1st quarter worth about $87,000. Finally, Blue Trust Inc. increased its holdings in Plexus by 49.2% during the 1st 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 Buying and Selling at Plexus

In related news, CFO Patrick John Jermain sold 2,178 shares of Plexus stock in a transaction dated Wednesday, August 6th. The stock was sold at an average price of $130.42, for a total transaction of $284,054.76. Following the completion of the transaction, the chief financial officer owned 23,459 shares in the company, valued at approximately $3,059,522.78. This trade represents a 8.50% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, COO Oliver K. Mihm sold 2,102 shares of Plexus stock in a transaction dated Friday, August 15th. The stock was sold at an average price of $130.43, for a total value of $274,163.86. Following the transaction, the chief operating officer owned 21,155 shares of the company's stock, 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. Insiders have sold a total of 12,484 shares of company stock valued at $1,626,335 in the last three months. Corporate insiders own 1.76% of the company's stock.

Analyst Ratings Changes

A number of equities analysts have issued reports on the company. Benchmark reiterated a "buy" rating and set a $160.00 target price on shares of Plexus in a report on Wednesday, June 4th. Needham & Company LLC decreased their price objective on Plexus from $162.00 to $158.00 and set a "buy" rating for the company in a report on Thursday, July 24th. Stifel Nicolaus set a $140.00 price objective 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. Finally, Sidoti upgraded 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 report on Friday, July 25th. Three analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, Plexus presently has a consensus rating of "Moderate Buy" and a consensus price target of $152.00.

Plexus Stock Performance

Plexus stock traded up $6.71 during midday trading on Friday, reaching $137.26. 151,618 shares of the company's stock were exchanged, compared to its average volume of 179,689. Plexus Corp. has a 52 week low of $103.43 and a 52 week high of $172.89. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.74 and a current ratio of 1.58. The firm has a market cap of $3.70 billion, a price-to-earnings ratio of 23.38 and a beta of 0.80. The stock's 50-day simple moving average is $132.30 and its 200 day simple moving average is $130.17.

Plexus (NASDAQ:PLXS - Get Free Report) last posted its quarterly earnings results on Wednesday, July 23rd. The technology company reported $1.90 EPS for the quarter, topping 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 analysts' expectations of $1.02 billion. During the same quarter last year, the company posted $1.45 earnings per share. Plexus'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. On average, analysts expect that Plexus Corp. will post 5.9 earnings per share for the current fiscal year.

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.