Caxton Associates LLP Purchases Shares of 16,116 Plexus Corp. $PLXS

Key Points

• Caxton Associates LLP acquired 16,116 shares of Plexus Corp., valued at approximately $2,065,000, during the first quarter, marking a 0.06% ownership stake in the company.
• Institutional investors collectively own 94.45% of Plexus stock, with notable movements including GAMMA Investing LLC increasing its stake by 49.6%.
• Plexus Corp. reported quarterly earnings topping expectations with $1.90 EPS, and analysts maintain a consensus rating of "Moderate Buy" with an average target price of $152.00.

Caxton Associates LLP acquired a new stake in 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. The fund acquired 16,116 shares of the technology company's stock, valued at approximately $2,065,000. Caxton Associates LLP owned approximately 0.06% of Plexus at the end of the most recent quarter.

A number of other institutional investors also recently added to or reduced their stakes in the business. Schonfeld Strategic Advisors LLC purchased a new stake in shares of Plexus during the 4th quarter worth approximately $321,000. BNP Paribas Financial Markets raised its position in shares of Plexus by 14.7% in the 4th quarter. BNP Paribas Financial Markets now owns 11,335 shares of the technology company's stock worth $1,774,000 after buying an additional 1,455 shares during the period. D. E. Shaw & Co. Inc. raised its position in shares of Plexus by 16.2% in the 4th quarter. D. E. Shaw & Co. Inc. now owns 128,874 shares of the technology company's stock worth $20,166,000 after buying an additional 17,996 shares during the period. Deutsche Bank AG raised its position in shares of Plexus by 144.5% in the 4th quarter. Deutsche Bank AG now owns 39,076 shares of the technology company's stock worth $6,115,000 after buying an additional 23,095 shares during the period. Finally, Gotham Asset Management LLC raised its position in shares of Plexus by 50.7% in the 4th quarter. Gotham Asset Management LLC now owns 17,945 shares of the technology company's stock worth $2,808,000 after buying an additional 6,037 shares during the period. Hedge funds and other institutional investors own 94.45% of the company's stock.

Plexus Stock Down 1.9%

Shares of PLXS stock traded down $2.72 during trading hours on Friday, hitting $138.06. 184,207 shares of the company were exchanged, compared to its average volume of 124,747. 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 Corp. has a one year low of $103.43 and a one year high of $172.89. The business's 50-day simple moving average is $133.29 and its two-hundred day simple moving average is $129.90. The stock has a market capitalization of $3.73 billion, a price-to-earnings ratio of 23.52 and a beta of 0.82.

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

Insider Buying and Selling at Plexus

In other Plexus news, CFO Patrick John Jermain sold 2,500 shares of the firm's stock in a transaction dated Wednesday, August 27th. The shares were sold at an average price of $137.71, for a total value of $344,275.00. Following the transaction, the chief financial officer owned 20,959 shares of the company's stock, valued at $2,886,263.89. This trade represents a 10.66% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Todd P. Kelsey sold 1,500 shares of the firm's stock in a transaction dated Tuesday, September 2nd. The stock was sold at an average price of $134.54, for a total transaction of $201,810.00. Following the completion of the transaction, the chief executive officer directly owned 70,714 shares in the company, valued at $9,513,861.56. This represents a 2.08% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 14,356 shares of company stock valued at $1,926,890. Corporate insiders own 1.76% of the company's stock.

Analysts Set New Price Targets

A number of brokerages recently weighed in on PLXS. Benchmark reaffirmed a "buy" rating and set a $160.00 price target on shares of Plexus in a research report on Wednesday, June 4th. Needham & Company LLC lowered their price target on Plexus from $162.00 to $158.00 and set a "buy" rating for the company in a report on Thursday, July 24th. Sidoti upgraded Plexus from a "neutral" rating to a "buy" rating and increased their price target for the company from $135.00 to $150.00 in a report on Friday, July 25th. Wall Street Zen cut shares of Plexus from a "strong-buy" rating to a "buy" rating in a research report on Saturday, August 16th. Finally, Stifel Nicolaus set a $140.00 price objective on shares of Plexus in a research report on Thursday, July 24th. Three research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $152.00.

About Plexus

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.