Deutsche Bank AG Has $6.15 Million Position in Plexus Corp. $PLXS

Key Points

• Deutsche Bank AG increased its stake in Plexus Corp. by 22.8%, owning approximately 0.18% of the company, valued at $6.15 million, following the purchase of an additional 8,921 shares.
• A variety of institutional investors have shown strong interest, with LPL Financial boosting its position in Plexus by 170.5%, and overall institutional ownership standing at 94.45%.
• Analysts have set new price targets for Plexus, ranging from $140.00 to $160.00, reflecting a consensus rating of "Moderate Buy" with an average target price of $152.00.

Deutsche Bank AG lifted its holdings in Plexus Corp. (NASDAQ:PLXS - Free Report) by 22.8% during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 47,997 shares of the technology company's stock after acquiring an additional 8,921 shares during the period. Deutsche Bank AG owned approximately 0.18% of Plexus worth $6,150,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also modified their holdings of PLXS. LPL Financial LLC grew its stake in shares of Plexus by 170.5% in the fourth quarter. LPL Financial LLC now owns 8,508 shares of the technology company's stock valued at $1,331,000 after acquiring an additional 5,363 shares in the last quarter. Envestnet Asset Management Inc. grew its stake in shares of Plexus by 0.8% in the fourth quarter. Envestnet Asset Management Inc. now owns 57,182 shares of the technology company's stock valued at $8,948,000 after acquiring an additional 459 shares in the last quarter. Raymond James Financial Inc. acquired a new position in shares of Plexus in the fourth quarter valued at about $15,892,000. Barclays PLC grew its stake in shares of Plexus by 11.6% in the fourth quarter. Barclays PLC now owns 54,425 shares of the technology company's stock valued at $8,515,000 after acquiring an additional 5,639 shares in the last quarter. Finally, Canada Pension Plan Investment Board acquired a new position in shares of Plexus in the fourth quarter valued at about $1,596,000. 94.45% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Plexus

In other news, CEO Todd P. Kelsey sold 2,000 shares of the stock in a transaction dated Tuesday, May 27th. The shares were sold at an average price of $131.68, for a total value of $263,360.00. Following the completion of the transaction, the chief executive officer owned 76,714 shares of the company's stock, valued at approximately $10,101,699.52. This represents a 2.54% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Oliver K. Mihm sold 2,102 shares of the stock in a transaction dated Friday, August 15th. The stock was sold at an average price of $130.43, for a total transaction of $274,163.86. Following the completion of the transaction, the chief operating officer directly owned 21,155 shares of the company's stock, valued at $2,759,246.65. This trade represents a 9.04% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 13,484 shares of company stock valued at $1,756,335. 1.76% of the stock is owned by company insiders.

Plexus Price Performance

PLXS traded up $1.84 on Thursday, hitting $130.55. 140,669 shares of the stock were exchanged, compared to its average volume of 201,300. Plexus Corp. has a 12 month low of $103.43 and a 12 month high of $172.89. The business has a 50-day moving average of $132.30 and a two-hundred day moving average of $130.17. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.58 and a quick ratio of 0.74. The firm has a market capitalization of $3.52 billion, a price-to-earnings ratio of 22.24 and a beta of 0.80.

Plexus (NASDAQ:PLXS - Get Free Report) last posted its 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. The firm had revenue of $1.02 billion during the quarter, compared to analysts' expectations of $1.02 billion. Plexus had a net margin of 4.04% and a return on equity of 12.33%. The business's revenue for the quarter was up 6.0% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.45 earnings per share. Plexus has set its Q4 2025 guidance at 1.820-1.970 EPS. Sell-side analysts forecast that Plexus Corp. will post 5.9 EPS for the current fiscal year.

Analyst Ratings Changes

Several research firms recently commented on PLXS. Needham & Company LLC decreased their price target on shares of Plexus from $162.00 to $158.00 and set a "buy" rating on the stock in a research note on Thursday, July 24th. Stifel Nicolaus set a $140.00 price target on shares of Plexus in a research note on Thursday, July 24th. Wall Street Zen cut shares of Plexus from a "strong-buy" rating to a "buy" rating in a research report on Saturday, August 16th. Sidoti raised shares of Plexus from a "neutral" rating to a "buy" rating and upped their price objective for the stock from $135.00 to $150.00 in a research report on Friday, July 25th. Finally, Benchmark reaffirmed a "buy" rating and set a $160.00 price objective on shares of Plexus in a research report on Wednesday, June 4th. Three equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $152.00.

Plexus Company 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.