Intech Investment Management LLC Buys 3,779 Shares of Plexus Corp. $PLXS

Key Points

• Intech Investment Management LLC raised its stake in Plexus Corp. by 34.2% in the first quarter, now owning 14,823 shares valued at approximately $1.9 million.
• Insiders sold a total of 14,356 shares of Plexus valued at nearly $1.93 million over the past three months, indicating significant insider trading activity.
• Plexus reported an EPS of $1.90 for the last quarter, exceeding analysts' expectations and marking a 6% increase in revenue year-over-year.

Intech Investment Management LLC raised its stake in shares of Plexus Corp. (NASDAQ:PLXS - Free Report) by 34.2% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 14,823 shares of the technology company's stock after purchasing an additional 3,779 shares during the quarter. Intech Investment Management LLC owned 0.05% of Plexus worth $1,899,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently made changes to their positions in the company. Versant Capital Management Inc raised 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 valued at $61,000 after buying an additional 430 shares during the last quarter. TD Private Client Wealth LLC increased its position in Plexus by 185.6% during the 1st quarter. TD Private Client Wealth LLC now owns 514 shares of the technology company's stock valued at $66,000 after purchasing an additional 334 shares during the period. Banque Transatlantique SA purchased a new stake in shares of Plexus in the 1st quarter worth about $71,000. N.E.W. Advisory Services LLC purchased a new stake in shares of Plexus in the 1st quarter worth about $87,000. Finally, Blue Trust Inc. grew its position in shares of Plexus by 49.2% in the 1st quarter. Blue Trust Inc. now owns 846 shares of the technology company's stock worth $108,000 after buying an additional 279 shares during the period. 94.45% of the stock is currently owned by institutional investors.

Insider Transactions at Plexus

In other Plexus news, insider Victor (Pang Hau) Tan sold 3,000 shares of the business's stock in a transaction dated Thursday, August 28th. The shares were sold at an average price of $139.00, for a total value of $417,000.00. Following the completion of the transaction, the insider directly owned 8,723 shares in the company, valued at approximately $1,212,497. The trade was a 25.59% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, COO Oliver K. Mihm sold 2,102 shares of the company's stock in a transaction dated Friday, August 15th. The shares were sold at an average price of $130.43, for a total transaction of $274,163.86. Following the transaction, the chief operating officer owned 21,155 shares in the company, valued at approximately $2,759,246.65. This trade represents a 9.04% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 14,356 shares of company stock valued at $1,926,890 over the last three months. 1.76% of the stock is currently owned by corporate insiders.

Plexus Stock Up 0.1%

NASDAQ PLXS opened at $137.62 on Wednesday. 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 firm has a market capitalization of $3.71 billion, a price-to-earnings ratio of 23.44 and a beta of 0.82. The company has a fifty day moving average of $133.33 and a two-hundred day moving average of $129.99. Plexus Corp. has a 52 week low of $103.43 and a 52 week high of $172.89.

Plexus (NASDAQ:PLXS - Get Free Report) last issued 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 business had revenue of $1.02 billion for the quarter, compared to analyst estimates of $1.02 billion. Plexus had a net margin of 4.04% and a return on equity of 12.33%. The company's quarterly revenue was up 6.0% compared to the same quarter last year. During the same period last year, the company posted $1.45 earnings per share. Plexus has set its Q4 2025 guidance at 1.820-1.970 EPS. On average, analysts predict that Plexus Corp. will post 5.9 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the stock. Wall Street Zen cut shares of Plexus from a "strong-buy" rating to a "buy" rating in a research note on Saturday, August 16th. Sidoti upgraded shares of Plexus from a "neutral" rating to a "buy" rating and increased their price objective for the stock from $135.00 to $150.00 in a research note on Friday, July 25th. Needham & Company LLC lowered their price objective 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. Benchmark reissued a "buy" rating and issued a $160.00 target price on shares of Plexus in a report on Wednesday, June 4th. Finally, Stifel Nicolaus set a $140.00 price objective on shares of Plexus in a report on Thursday, July 24th. 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 data from MarketBeat, Plexus presently has an average rating of "Moderate Buy" and an average price target 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.

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