Capital Fund Management S.A. Buys Shares of 31,967 Plexus Corp. $PLXS

Key Points

• Capital Fund Management S.A. acquired 31,967 shares of Plexus Corp. (NASDAQ:PLXS), valued at approximately $4.1 million, representing about 0.12% of the company.
• Plexus reported a quarterly EPS of $1.90, exceeding expectations, with a revenue of $1.02 billion, reflecting a 6% increase from the previous year.
• Several hedge funds have increased their stakes in Plexus, with institutional investors now owning 94.45% of the company's stock.

Capital Fund Management S.A. purchased a new stake in Plexus Corp. (NASDAQ:PLXS - Free Report) during the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 31,967 shares of the technology company's stock, valued at approximately $4,096,000. Capital Fund Management S.A. owned approximately 0.12% of Plexus at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of PLXS. MetLife Investment Management LLC raised its holdings in Plexus by 2.2% during the fourth quarter. MetLife Investment Management LLC now owns 15,999 shares of the technology company's stock worth $2,504,000 after acquiring an additional 337 shares in the last quarter. State of Tennessee Department of Treasury raised its holdings in Plexus by 33.5% during the fourth quarter. State of Tennessee Department of Treasury now owns 13,602 shares of the technology company's stock worth $2,128,000 after acquiring an additional 3,410 shares in the last quarter. Hsbc Holdings PLC raised its holdings in Plexus by 214.4% during the fourth quarter. Hsbc Holdings PLC now owns 16,296 shares of the technology company's stock worth $2,549,000 after acquiring an additional 11,113 shares in the last quarter. Price T Rowe Associates Inc. MD raised its holdings in Plexus by 2.6% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 60,639 shares of the technology company's stock worth $9,490,000 after acquiring an additional 1,515 shares in the last quarter. Finally, Kovitz Investment Group Partners LLC bought a new stake in Plexus during the fourth quarter worth about $271,000. 94.45% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several analysts recently 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. Stifel Nicolaus set a $140.00 target price on Plexus in a report on Thursday, July 24th. Needham & Company LLC dropped their target price on Plexus from $162.00 to $158.00 and set a "buy" rating on the stock in a report on Thursday, July 24th. 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. Finally, Wall Street Zen lowered Plexus from a "strong-buy" rating to a "buy" rating in a research note on Saturday, August 16th. Three equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $152.00.

Insider Buying and Selling at Plexus

In related news, CAO Angelo Michael Ninivaggi, Jr. sold 1,576 shares of the stock in a transaction that occurred on Monday, August 25th. The stock was sold at an average price of $137.78, for a total transaction of $217,141.28. Following the sale, the chief accounting officer owned 24,495 shares of the company's stock, valued at $3,374,921.10. This represents a 6.05% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, COO Oliver K. Mihm sold 2,102 shares of the stock in a transaction that occurred on Friday, August 15th. The stock was sold at an average price of $130.43, for a total value 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. This represents a 9.04% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 10,002 shares of company stock valued at $1,308,007 over the last ninety days. 1.76% of the stock is owned by corporate insiders.

Plexus Stock Performance

Shares of Plexus stock traded up $0.97 on Thursday, hitting $139.59. The stock had a trading volume of 49,922 shares, compared to its average volume of 178,117. Plexus Corp. has a twelve month low of $103.43 and a twelve month high of $172.89. The business's 50 day moving average is $132.83 and its two-hundred day moving average is $130.06. The company has a quick ratio of 0.74, a current ratio of 1.58 and a debt-to-equity ratio of 0.06. The stock has a market cap of $3.77 billion, a price-to-earnings ratio of 23.77 and a beta of 0.80.

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