Vanguard Group Inc. Decreases Position in Plexus Corp. $PLXS

Key Points

• Vanguard Group trimmed its stake in Plexus by 1.4% in Q4, holding 3,632,761 shares (13.58% of the company) valued at about $534 million after selling 51,084 shares.
• Corporate insiders have been net sellers—32,108 shares worth $6.47 million were sold over the past 90 days—and insiders now own just 1.78% of the stock.
• Plexus beat quarterly expectations, reporting $2.05 EPS vs. $1.87 expected and $1.16 billion in revenue vs. $1.13 billion expected, and issued Q3 2026 EPS guidance of $2.02–$2.18.

Vanguard Group Inc. cut its stake in shares of Plexus Corp. (NASDAQ:PLXS - Free Report) by 1.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,632,761 shares of the technology company's stock after selling 51,084 shares during the period. Vanguard Group Inc. owned 13.58% of Plexus worth $534,016,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in PLXS. Salomon & Ludwin LLC bought a new position in shares of Plexus during the third quarter valued at approximately $30,000. Allworth Financial LP grew its stake in shares of Plexus by 70.1% during the third quarter. Allworth Financial LP now owns 250 shares of the technology company's stock valued at $36,000 after buying an additional 103 shares during the last quarter. Johnson Financial Group Inc. bought a new position in shares of Plexus during the third quarter valued at approximately $72,000. Farther Finance Advisors LLC grew its stake in shares of Plexus by 114.7% during the fourth quarter. Farther Finance Advisors LLC now owns 511 shares of the technology company's stock valued at $75,000 after buying an additional 273 shares during the last quarter. Finally, EverSource Wealth Advisors LLC grew its stake in shares of Plexus by 583.3% during the second quarter. EverSource Wealth Advisors LLC now owns 574 shares of the technology company's stock valued at $78,000 after buying an additional 490 shares during the last quarter. 94.45% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In related news, Director Karen Marie Rapp sold 500 shares of the company's stock in a transaction on Friday, February 27th. The stock was sold at an average price of $195.59, for a total transaction of $97,795.00. Following the completion of the sale, the director directly owned 8,535 shares in the company, valued at $1,669,360.65. This represents a 5.53% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, insider Frank Zycinski sold 1,399 shares of the company's stock in a transaction on Thursday, February 12th. The stock was sold at an average price of $205.99, for a total value of $288,180.01. The SEC filing for this sale provides additional information. Insiders sold a total of 32,108 shares of company stock worth $6,474,274 over the last ninety days. 1.78% of the stock is currently owned by corporate insiders.

Plexus Trading Down 0.8%

Shares of NASDAQ:PLXS opened at $262.55 on Tuesday. The company has a market capitalization of $7.03 billion, a PE ratio of 38.38 and a beta of 0.88. The company has a current ratio of 1.54, a quick ratio of 0.74 and a debt-to-equity ratio of 0.06. Plexus Corp. has a 12-month low of $115.35 and a 12-month high of $272.08. The business's fifty day simple moving average is $211.79 and its 200-day simple moving average is $179.04.

Plexus (NASDAQ:PLXS - Get Free Report) last issued its quarterly earnings data on Wednesday, April 29th. The technology company reported $2.05 earnings per share for the quarter, topping analysts' consensus estimates of $1.87 by $0.18. The firm had revenue of $1.16 billion during the quarter, compared to analysts' expectations of $1.13 billion. Plexus had a return on equity of 12.84% and a net margin of 4.35%.The firm's quarterly revenue was up 18.7% on a year-over-year basis. During the same period in the prior year, the business posted $1.66 EPS. Plexus has set its Q3 2026 guidance at 2.020-2.180 EPS. As a group, equities research analysts predict that Plexus Corp. will post 6.56 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms have recently commented on PLXS. Zacks Research cut Plexus from a "strong-buy" rating to a "hold" rating in a research note on Monday, April 13th. Weiss Ratings cut Plexus from a "buy (b)" rating to a "buy (b-)" rating in a research note on Friday, April 24th. Benchmark reaffirmed a "buy" rating and set a $220.00 target price on shares of Plexus in a research note on Monday, March 16th. Raymond James Financial reissued an "outperform" rating and issued a $275.00 price objective on shares of Plexus in a research note on Thursday. Finally, Stifel Nicolaus set a $250.00 price objective on Plexus and gave the stock a "buy" rating in a research note on Monday, April 20th. Five analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company's stock. According to MarketBeat, Plexus currently has a consensus rating of "Moderate Buy" and a consensus price target of $229.17.

Plexus Profile

Plexus Corp. NASDAQ: PLXS is a global provider of electronics manufacturing services (EMS) and precision engineered electronics solutions. Headquartered in Neenah, Wisconsin, the company partners with original equipment manufacturers across industries such as medical, industrial, aerospace and defense, computing, and communications. Plexus offers a full suite of services that span new product introduction, product lifecycle management, supply chain management, printed circuit board assembly, system integration, and aftermarket support.

Founded in 1979, Plexus has grown from a regional electronics assembler into a multinational organization with manufacturing and engineering centers across North America, Europe, and Asia.

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