Fuller & Thaler Asset Management Inc. Buys 190,360 Shares of Plexus Corp. $PLXS

Key Points

• Fuller & Thaler Asset Management Inc. increased its holdings in Plexus Corp. by 120.4%, now owning approximately 1.29% of the company, valued at $44.7 million.
• Multiple institutional investors have significantly boosted their stakes in Plexus, with 94.45% of the company's stock now owned by institutional investors.
• Plexus reported earnings of $1.90 per share, exceeding expectations by $0.19, with revenues of $1.02 billion during the last quarter, representing a year-over-year revenue increase of 6%.

Fuller & Thaler Asset Management Inc. lifted its stake in shares of Plexus Corp. (NASDAQ:PLXS - Free Report) by 120.4% in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 348,510 shares of the technology company's stock after buying an additional 190,360 shares during the quarter. Fuller & Thaler Asset Management Inc. owned approximately 1.29% of Plexus worth $44,655,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in PLXS. Aquatic Capital Management LLC raised its position in shares of Plexus by 134.0% during the 4th quarter. Aquatic Capital Management LLC now owns 234 shares of the technology company's stock worth $37,000 after acquiring an additional 134 shares in the last quarter. Versant Capital Management Inc boosted its stake in shares of Plexus by 1,000.0% in the first 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 in the last quarter. TD Private Client Wealth LLC raised its holdings in Plexus by 185.6% during the first quarter. TD Private Client Wealth LLC now owns 514 shares of the technology company's stock worth $66,000 after purchasing an additional 334 shares during the last quarter. N.E.W. Advisory Services LLC purchased a new position in Plexus during the 1st quarter valued at about $87,000. Finally, Blue Trust Inc. raised its holdings in shares of Plexus by 49.2% in the first quarter. Blue Trust Inc. now owns 846 shares of the technology company's stock worth $108,000 after acquiring an additional 279 shares during the last quarter. 94.45% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on PLXS shares. Stifel Nicolaus set a $140.00 target price on shares of Plexus in a research report on Thursday, July 24th. Wall Street Zen downgraded Plexus from a "strong-buy" rating to a "buy" rating in a report on Saturday, August 16th. Needham & Company LLC dropped their price target on Plexus from $162.00 to $158.00 and set a "buy" rating on the stock in a research report on Thursday, July 24th. Sidoti upgraded Plexus from a "neutral" rating to a "buy" rating and raised their target price for the company from $135.00 to $150.00 in a research report on Friday, July 25th. Finally, Benchmark reiterated a "buy" rating and set a $160.00 price target 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. According to MarketBeat.com, Plexus presently has a consensus rating of "Moderate Buy" and a consensus price target of $152.00.

Plexus Stock Performance

PLXS traded up $6.71 on Friday, hitting $137.26. 151,618 shares of the stock traded hands, compared to its average volume of 179,689. The company has a current ratio of 1.58, a quick ratio of 0.74 and a debt-to-equity ratio of 0.06. The business has a fifty day moving average price of $132.30 and a two-hundred day moving average price of $130.17. The firm has a market capitalization of $3.70 billion, a PE ratio of 23.38 and a beta of 0.80. 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 released its quarterly earnings results on Wednesday, July 23rd. The technology company reported $1.90 EPS for the quarter, beating 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 for the quarter, compared to analyst estimates of $1.02 billion. During the same period in the previous year, the business earned $1.45 earnings per share. The company's revenue for the quarter was up 6.0% compared to the same quarter last year. Plexus has set its Q4 2025 guidance at 1.820-1.970 EPS. On average, research analysts predict that Plexus Corp. will post 5.9 EPS for the current fiscal year.

Insider Activity

In other Plexus news, CAO Angelo Michael Ninivaggi, Jr. sold 2,058 shares of the stock in a transaction dated Tuesday, May 27th. The stock was sold at an average price of $132.22, for a total transaction of $272,108.76. Following the completion of the transaction, the chief accounting officer owned 26,133 shares in the company, valued at approximately $3,455,305.26. This represents a 7.30% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, COO Oliver K. Mihm sold 2,102 shares of the firm'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 completion of the sale, the chief operating officer owned 21,155 shares of the company's stock, valued at $2,759,246.65. This trade represents a 9.04% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 12,484 shares of company stock worth $1,626,335. 1.76% of the stock is currently owned by insiders.

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.