8,500 Shares in Plexus Corp. $PLXS Purchased by Strs Ohio

Key Points

• Strs Ohio made a new investment in Plexus Corp., purchasing 8,500 shares valued at approximately $1.09 million during the first quarter.
• In recent insider activities, CFO Patrick John Jermain sold 2,500 shares of Plexus stock, decreasing his position by 10.66%, while another insider, Victor Tan, sold 3,000 shares, reducing his position by 25.59%.
• Plexus Corp. reported earnings of $1.90 per share for the last quarter, beating analyst estimates and showing a 6% increase in revenue compared to the previous year.

Strs Ohio purchased a new stake in Plexus Corp. (NASDAQ:PLXS - Free Report) during the first quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 8,500 shares of the technology company's stock, valued at approximately $1,089,000.

Other hedge funds have also recently made changes to their positions in the company. GAMMA Investing LLC raised its position in Plexus by 49.6% in the first quarter. GAMMA Investing LLC now owns 1,333 shares of the technology company's stock valued at $171,000 after purchasing an additional 442 shares during the period. SG Americas Securities LLC acquired a new stake in shares of Plexus in the first quarter valued at $917,000. Ritholtz Wealth Management purchased a new stake in shares of Plexus in the 1st quarter valued at $285,000. Deutsche Bank AG boosted its holdings in Plexus by 22.8% during the 1st quarter. Deutsche Bank AG now owns 47,997 shares of the technology company's stock valued at $6,150,000 after acquiring an additional 8,921 shares during the period. Finally, Meeder Asset Management Inc. purchased a new position in Plexus during the 1st quarter valued at about $121,000. Hedge funds and other institutional investors own 94.45% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts have issued reports on the stock. Needham & Company LLC cut 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. Benchmark increased their target price on shares of Plexus from $160.00 to $165.00 and gave the stock a "buy" rating in a report on Monday. Sidoti upgraded shares of Plexus from a "neutral" rating to a "buy" rating and boosted their price target for the stock from $135.00 to $150.00 in a research note on Friday, July 25th. Wall Street Zen lowered Plexus from a "strong-buy" rating to a "buy" rating in a research report on Saturday, August 16th. Finally, Stifel Nicolaus set a $140.00 target price on Plexus in a report on Thursday, July 24th. Three research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $153.25.

Plexus Stock Up 1.9%

Plexus stock traded up $2.62 during mid-day trading on Monday, hitting $143.62. The company had a trading volume of 167,022 shares, compared to its average volume of 166,389. The company has a quick ratio of 0.74, a current ratio of 1.58 and a debt-to-equity ratio of 0.06. Plexus Corp. has a 1 year low of $103.43 and a 1 year high of $172.89. The business has a fifty day moving average of $133.86 and a 200 day moving average of $130.45. The stock has a market cap of $3.88 billion, a price-to-earnings ratio of 24.47 and a beta of 0.82.

Plexus (NASDAQ:PLXS - Get Free Report) last issued its earnings results on Wednesday, July 23rd. The technology company reported $1.90 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.71 by $0.19. Plexus had a net margin of 4.04% and a return on equity of 12.33%. The business had revenue of $1.02 billion during the quarter, compared to analysts' expectations of $1.02 billion. During the same quarter in the prior year, the business posted $1.45 EPS. The company's revenue for the quarter was up 6.0% on a year-over-year basis. Plexus has set its Q4 2025 guidance at 1.820-1.970 EPS. On average, sell-side analysts expect that Plexus Corp. will post 5.9 earnings per share for the current fiscal year.

Insider Buying and Selling at Plexus

In other news, CAO Angelo Michael Ninivaggi, Jr. sold 1,576 shares of the business's stock in a transaction dated Monday, August 25th. The stock was sold at an average price of $137.78, for a total value of $217,141.28. Following the completion of the sale, the chief accounting officer directly owned 24,495 shares of the company's stock, valued at approximately $3,374,921.10. The trade was a 6.05% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Patrick John Jermain sold 2,500 shares of Plexus stock in a transaction that occurred on Wednesday, August 27th. The stock was sold at an average price of $137.71, for a total value of $344,275.00. Following the transaction, the chief financial officer directly owned 20,959 shares in the company, valued at approximately $2,886,263.89. This trade represents a 10.66% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 14,356 shares of company stock valued at $1,926,890. 1.76% of the stock is owned by insiders.

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.