Plexus Corp. $PLXS Shares Sold by Vanguard Group Inc.

Key Points

• Vanguard Group Inc. has reduced its holdings in Plexus Corp. by 0.2%, selling 8,562 shares to hold approximately 13.46% of the company, valued at $466,257,000 as of the last quarter.
• Several institutional investors significantly increased their stakes in Plexus, with notable gains including a 134.0% increase by Aquatic Capital Management and a 1,000.0% increase by Versant Capital Management.
• Plexus Corp. reported strong earnings, beating analyst expectations with $1.90 EPS for the last quarter, leading to a consensus rating of "Moderate Buy" from analysts.

Vanguard Group Inc. decreased its holdings in Plexus Corp. (NASDAQ:PLXS - Free Report) by 0.2% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 3,638,937 shares of the technology company's stock after selling 8,562 shares during the period. Vanguard Group Inc. owned 13.46% of Plexus worth $466,257,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the business. Xponance Inc. increased its position in shares of Plexus by 4.8% during the first quarter. Xponance Inc. now owns 2,315 shares of the technology company's stock worth $297,000 after acquiring an additional 106 shares during the period. Aquatic Capital Management LLC increased its holdings in Plexus by 134.0% during the fourth quarter. Aquatic Capital Management LLC now owns 234 shares of the technology company's stock valued at $37,000 after buying an additional 134 shares during the period. Squarepoint Ops LLC increased its holdings in Plexus by 1.1% during the fourth quarter. Squarepoint Ops LLC now owns 13,846 shares of the technology company's stock valued at $2,167,000 after buying an additional 148 shares during the period. Nisa Investment Advisors LLC increased its holdings in Plexus by 1.6% during the first quarter. Nisa Investment Advisors LLC now owns 12,773 shares of the technology company's stock valued at $1,637,000 after buying an additional 205 shares during the period. Finally, Blue Trust Inc. increased its holdings in Plexus by 49.2% during the first quarter. Blue Trust Inc. now owns 846 shares of the technology company's stock valued at $108,000 after buying an additional 279 shares during the period. Institutional investors own 94.45% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on the stock. Stifel Nicolaus set a $140.00 target price on shares of Plexus in a research note on Thursday, July 24th. Wall Street Zen downgraded shares of Plexus from a "strong-buy" rating to a "buy" rating in a research note on Saturday. Sidoti upgraded shares of 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 note on Friday, July 25th. Benchmark restated a "buy" rating and issued a $160.00 target price on shares of Plexus in a research note on Wednesday, June 4th. Finally, Needham & Company LLC lowered their target price on shares of Plexus from $162.00 to $158.00 and set a "buy" rating for the company in a research note on Thursday, July 24th. Three equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, Plexus has a consensus rating of "Moderate Buy" and a consensus price target of $152.00.

Insider Buying and Selling at Plexus

In related news, Director Karen Marie Rapp sold 500 shares of the business's stock in a transaction on Friday, May 30th. The shares were sold at an average price of $130.77, for a total transaction of $65,385.00. Following the completion of the transaction, the director directly owned 9,365 shares in the company, valued at $1,224,661.05. The trade was a 5.07% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, COO Oliver K. Mihm sold 2,102 shares of the business's stock in a transaction on Friday, August 15th. The shares were sold at an average price of $130.43, for a total transaction of $274,163.86. Following the transaction, the chief operating officer owned 21,155 shares of the company's stock, valued at $2,759,246.65. This represents a 9.04% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 13,484 shares of company stock valued at $1,756,335. Company insiders own 1.76% of the company's stock.

Plexus Stock Performance

Shares of NASDAQ:PLXS traded down $2.27 on Wednesday, hitting $128.71. 110,226 shares of the company were exchanged, compared to its average volume of 207,446. Plexus Corp. has a 1-year low of $103.43 and a 1-year high of $172.89. The stock's 50 day moving average price is $132.35 and its 200 day moving average price is $130.23. 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 firm has a market capitalization of $3.47 billion, a P/E ratio of 21.93 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 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 the consensus estimate of $1.02 billion. During the same period in the previous year, the firm posted $1.45 earnings per share. The business'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. Sell-side analysts predict that Plexus Corp. will post 5.9 EPS for the current year.

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.