Trexquant Investment LP Sells 67,668 Shares of Plexus Corp. $PLXS

Key Points

• Trexquant Investment LP has reduced its stake in Plexus Corp. by 88.3%, selling 67,668 shares to now hold 8,986 shares valued at approximately $1.15 million.
• CEO Todd P. Kelsey and insider Victor (Pang Hau) Tan have both sold shares recently, with Kelsey selling 1,500 shares for about $201,810 and Tan selling 3,000 shares for around $417,000.
• Plexus reported $1.90 EPS for the last quarter, exceeding analysts' expectations, and anticipates an EPS range of 1.820 to 1.970 for Q4 2025.

Trexquant Investment LP trimmed its stake in Plexus Corp. (NASDAQ:PLXS - Free Report) by 88.3% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 8,986 shares of the technology company's stock after selling 67,668 shares during the period. Trexquant Investment LP's holdings in Plexus were worth $1,151,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of PLXS. Schonfeld Strategic Advisors LLC purchased a new stake in Plexus in the fourth quarter worth approximately $321,000. BNP Paribas Financial Markets boosted its stake in Plexus by 14.7% in the fourth quarter. BNP Paribas Financial Markets now owns 11,335 shares of the technology company's stock worth $1,774,000 after buying an additional 1,455 shares in the last quarter. D. E. Shaw & Co. Inc. boosted its stake in Plexus by 16.2% in the fourth quarter. D. E. Shaw & Co. Inc. now owns 128,874 shares of the technology company's stock worth $20,166,000 after buying an additional 17,996 shares in the last quarter. Deutsche Bank AG boosted its stake in Plexus by 144.5% in the fourth quarter. Deutsche Bank AG now owns 39,076 shares of the technology company's stock worth $6,115,000 after buying an additional 23,095 shares in the last quarter. Finally, Gotham Asset Management LLC boosted its stake in Plexus by 50.7% in the fourth quarter. Gotham Asset Management LLC now owns 17,945 shares of the technology company's stock worth $2,808,000 after buying an additional 6,037 shares in the last quarter. 94.45% of the stock is currently owned by institutional investors.

Plexus Trading Down 1.9%

Shares of NASDAQ:PLXS traded down $2.72 during trading on Friday, reaching $138.06. 184,207 shares of the company traded hands, compared to its average volume of 120,722. The firm has a market capitalization of $3.73 billion, a price-to-earnings ratio of 23.52 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 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's fifty day moving average is $133.29 and its 200-day moving average is $129.95.

Plexus (NASDAQ:PLXS - Get Free Report) last announced its 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. The company had revenue of $1.02 billion during the quarter, compared to the consensus estimate of $1.02 billion. Plexus had a return on equity of 12.33% and a net margin of 4.04%.The firm's revenue for the quarter was up 6.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.45 earnings per share. Plexus has set its Q4 2025 guidance at 1.820-1.970 EPS. As a group, analysts forecast that Plexus Corp. will post 5.9 EPS for the current year.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the company. Needham & Company LLC cut their target price on Plexus from $162.00 to $158.00 and set a "buy" rating for the company in a research note on Thursday, July 24th. Wall Street Zen lowered Plexus from a "strong-buy" rating to a "buy" rating in a research note on Saturday, August 16th. Benchmark reaffirmed a "buy" rating and issued a $160.00 target price on shares of Plexus in a research note on Wednesday, June 4th. Stifel Nicolaus set a $140.00 price objective on Plexus in a research note on Thursday, July 24th. Finally, Sidoti raised Plexus from a "neutral" rating to a "buy" rating and increased their price objective for the company from $135.00 to $150.00 in a research note on Friday, July 25th. Three research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, Plexus currently has a consensus rating of "Moderate Buy" and a consensus price target of $152.00.

Insider Activity at Plexus

In related news, CEO Todd P. Kelsey sold 1,500 shares of the company's stock in a transaction that occurred on Tuesday, September 2nd. The stock was sold at an average price of $134.54, for a total transaction of $201,810.00. Following the completion of the transaction, the chief executive officer owned 70,714 shares in the company, valued at $9,513,861.56. This represents a 2.08% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CAO Angelo Michael Ninivaggi, Jr. sold 1,576 shares of the stock in a transaction on 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 transaction, the chief accounting officer owned 24,495 shares of the company's stock, valued at approximately $3,374,921.10. This trade represents a 6.05% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 14,356 shares of company stock valued at $1,926,890 over the last 90 days. Company insiders own 1.76% of the company's stock.

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.