14,111 Shares in Plexus Corp. $PLXS Acquired by Versor Investments LP

Key Points

• Versor Investments LP has purchased a new position in Plexus Corp., acquiring 14,111 shares valued at approximately $1,808,000, marking a 0.05% ownership of the company.
• In recent weeks, several hedge funds have significantly increased their holdings in Plexus, with some firms reporting increases up to 1,000% in share ownership.
• Plexus Corp. reported $1.90 earnings per share for its latest quarter, surpassing analysts' estimates and marking a 6.0% revenue increase compared to the same period last year.

Versor Investments LP bought a new stake in shares of Plexus Corp. (NASDAQ:PLXS - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 14,111 shares of the technology company's stock, valued at approximately $1,808,000. Versor Investments LP owned about 0.05% of Plexus as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in PLXS. Aquatic Capital Management LLC lifted its position in Plexus by 134.0% during the 4th quarter. Aquatic Capital Management LLC now owns 234 shares of the technology company's stock valued at $37,000 after acquiring an additional 134 shares during the period. Versant Capital Management Inc grew 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 worth $61,000 after acquiring an additional 430 shares during the period. TD Private Client Wealth LLC grew its stake in shares of Plexus by 185.6% in the first quarter. TD Private Client Wealth LLC now owns 514 shares of the technology company's stock worth $66,000 after acquiring an additional 334 shares during the period. N.E.W. Advisory Services LLC bought a new stake in Plexus during the first quarter valued at approximately $87,000. Finally, Blue Trust Inc. grew its position 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.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the stock. Sidoti upgraded shares of Plexus from a "neutral" rating to a "buy" rating and boosted their target price for the company from $135.00 to $150.00 in a research report on Friday, July 25th. Benchmark restated a "buy" rating and set a $160.00 target price on shares of Plexus in a research report on Wednesday, June 4th. Needham & Company LLC dropped their price target on shares of Plexus from $162.00 to $158.00 and set a "buy" rating for the company in a research report on Thursday, July 24th. Wall Street Zen lowered shares of 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 price target on shares of Plexus in a research report on Thursday, July 24th. Three equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $152.00.

Insider Activity

In other news, COO Oliver K. Mihm sold 2,102 shares of the company's stock in a transaction that occurred on Friday, August 15th. The shares were sold at an average price of $130.43, for a total value of $274,163.86. Following the transaction, the chief operating officer directly owned 21,155 shares in the company, valued at approximately $2,759,246.65. This represents a 9.04% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CAO Angelo Michael Ninivaggi, Jr. sold 2,058 shares of the company's stock in a transaction that occurred on 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 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. Insiders own 1.76% of the company's stock.

Plexus Stock Up 5.0%

NASDAQ PLXS traded up $6.5750 during trading on Friday, reaching $137.1250. 59,572 shares of the company's stock traded hands, compared to its average volume of 179,095. The company's 50 day simple moving average is $132.30 and its two-hundred day simple moving average is $130.17. The firm has a market cap of $3.70 billion, a price-to-earnings ratio of 23.36 and a beta of 0.80. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.58 and a quick ratio of 0.74. Plexus Corp. has a 12-month low of $103.43 and a 12-month high of $172.89.

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

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.