Invesco Ltd. Purchases 84,249 Shares of Plexus Corp. $PLXS

Key Points

• Invesco Ltd. has raised its stake in Plexus Corp. by 66.1% during the first quarter, owning approximately 211,741 shares valued at $27.1 million.
• Plexus Corp. reported earnings of $1.90 per share for the last quarter, exceeding expectations of $1.71, with revenue unchanged at $1.02 billion.
• Institutional investors own a significant 94.45% of Plexus Corp., indicating strong interest from hedge funds and large financial entities.

Invesco Ltd. raised its holdings in Plexus Corp. (NASDAQ:PLXS - Free Report) by 66.1% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 211,741 shares of the technology company's stock after purchasing an additional 84,249 shares during the quarter. Invesco Ltd. owned 0.78% of Plexus worth $27,130,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently added to or reduced their stakes in the business. Raymond James Financial Inc. purchased a new stake in shares of Plexus during the 4th quarter worth approximately $15,892,000. Barclays PLC boosted its position in Plexus by 11.6% during the 4th quarter. Barclays PLC now owns 54,425 shares of the technology company's stock worth $8,515,000 after purchasing an additional 5,639 shares during the period. Canada Pension Plan Investment Board purchased a new stake in Plexus during the 4th quarter worth $1,596,000. MetLife Investment Management LLC boosted its position in Plexus by 2.2% during the 4th quarter. MetLife Investment Management LLC now owns 15,999 shares of the technology company's stock worth $2,504,000 after purchasing an additional 337 shares during the period. Finally, State of Tennessee Department of Treasury boosted its position in Plexus by 33.5% during the 4th quarter. State of Tennessee Department of Treasury now owns 13,602 shares of the technology company's stock worth $2,128,000 after purchasing an additional 3,410 shares during the period. Hedge funds and other institutional investors own 94.45% of the company's stock.

Analyst Ratings Changes

A number of equities analysts have weighed in on PLXS shares. Stifel Nicolaus set a $140.00 price objective on shares of Plexus in a research report on Thursday, July 24th. Sidoti upgraded shares of 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 research note on Friday, July 25th. Benchmark reiterated a "buy" rating and set a $160.00 price objective on shares of Plexus in a research note on Wednesday, June 4th. Needham & Company LLC dropped 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. Finally, Wall Street Zen lowered shares of Plexus from a "strong-buy" rating to a "buy" rating in a research note on Saturday, August 16th. Three research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, Plexus presently has an average rating of "Moderate Buy" and a consensus price target of $152.00.

Plexus Trading Down 0.2%

Plexus stock traded down $0.22 during midday trading on Monday, reaching $137.04. The stock had a trading volume of 134,156 shares, compared to its average volume of 159,419. The firm's fifty day simple moving average is $132.56 and its two-hundred day simple moving average is $129.96. Plexus Corp. has a twelve month low of $103.43 and a twelve month high of $172.89. 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 cap of $3.70 billion, a price-to-earnings ratio of 23.35 and a beta of 0.80.

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

Insider Buying and Selling

In other Plexus news, COO Oliver K. Mihm sold 2,102 shares of the stock in a transaction that occurred on Friday, August 15th. The shares were sold at an average price of $130.43, for a total value of $274,163.86. Following the completion of the sale, the chief operating officer owned 21,155 shares in the company, valued at $2,759,246.65. This represents a 9.04% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Patrick John Jermain sold 2,178 shares of the stock in a transaction that occurred on Wednesday, August 6th. The stock was sold at an average price of $130.42, for a total transaction of $284,054.76. Following the completion of the sale, the chief financial officer owned 23,459 shares of the company's stock, valued at approximately $3,059,522.78. The trade was a 8.50% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 12,484 shares of company stock worth $1,626,335. Insiders own 1.76% of the company's stock.

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.