Hsbc Holdings PLC Purchases 2,035 Shares of Plexus Corp. $PLXS

Key Points

• Hsbc Holdings PLC increased its stake in Plexus Corp. by 12.5% during the first quarter, now owning approximately $2.34 million worth of shares.
• Several institutional investors have also adjusted their positions, with 94.45% of Plexus stock currently owned by such investors.
• Plexus Corp. reported a quarterly earnings per share of $1.90, surpassing analysts' expectations, alongside setting a Q4 2025 guidance of 1.820-1.970 EPS.

Hsbc Holdings PLC grew its holdings in shares of Plexus Corp. (NASDAQ:PLXS - Free Report) by 12.5% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 18,331 shares of the technology company's stock after acquiring an additional 2,035 shares during the quarter. Hsbc Holdings PLC owned 0.07% of Plexus worth $2,339,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in PLXS. Xponance Inc. increased its stake in shares of Plexus by 4.8% in the first quarter. Xponance Inc. now owns 2,315 shares of the technology company's stock valued at $297,000 after buying an additional 106 shares during the period. Aquatic Capital Management LLC increased its stake in shares of Plexus by 134.0% in the fourth quarter. Aquatic Capital Management LLC now owns 234 shares of the technology company's stock valued at $37,000 after buying an additional 134 shares during the period. Fox Run Management L.L.C. increased its stake in shares of Plexus by 7.2% in the first quarter. Fox Run Management L.L.C. now owns 2,017 shares of the technology company's stock valued at $258,000 after buying an additional 135 shares during the period. Squarepoint Ops LLC increased its stake in shares of Plexus by 1.1% in the fourth quarter. Squarepoint Ops LLC now owns 13,846 shares of the technology company's stock valued at $2,167,000 after buying an additional 148 shares during the period. Finally, Nisa Investment Advisors LLC increased its stake in shares of Plexus by 1.6% in the first quarter. Nisa Investment Advisors LLC now owns 12,773 shares of the technology company's stock valued at $1,637,000 after buying an additional 205 shares during the period. 94.45% of the stock is currently owned by institutional investors.

Insider Activity

In other Plexus news, CEO Todd P. Kelsey sold 1,500 shares of the stock in a transaction that occurred on Friday, August 1st. The stock was sold at an average price of $125.63, for a total transaction of $188,445.00. Following the transaction, the chief executive officer directly owned 72,214 shares in the company, valued at approximately $9,072,244.82. This represents a 2.03% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Victor (Pang Hau) Tan sold 3,000 shares of the stock in a transaction on Thursday, August 28th. The stock was sold at an average price of $139.00, for a total value of $417,000.00. Following the completion of the transaction, the insider owned 8,723 shares in the company, valued at approximately $1,212,497. This represents a 25.59% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 12,856 shares of company stock worth $1,725,080. Company insiders own 1.76% of the company's stock.

Plexus Trading Down 1.9%

Shares of Plexus stock traded down $2.61 on Monday, reaching $137.01. 108,424 shares of the company's stock were exchanged, compared to its average volume of 137,624. The company has a market capitalization of $3.70 billion, a P/E ratio of 23.34 and a beta of 0.82. Plexus Corp. has a 52 week low of $103.43 and a 52 week high of $172.89. The firm's 50-day moving average is $133.13 and its two-hundred day moving average is $129.89. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.74 and a current ratio of 1.58.

Plexus (NASDAQ:PLXS - Get Free Report) last posted 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 firm had revenue of $1.02 billion for the quarter, compared to analysts' expectations of $1.02 billion. Plexus had a return on equity of 12.33% and a net margin of 4.04%.The company's revenue for the quarter was up 6.0% compared to the same quarter last year. During the same period in the prior year, the business earned $1.45 EPS. 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.

Analyst Upgrades and Downgrades

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