Neuberger Berman Group LLC Trims Stock Position in Plexus Corp. $PLXS

Neuberger Berman Group LLC cut its stake in Plexus Corp. (NASDAQ:PLXS) by 66.3% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,014 shares of the technology company’s stock after selling 3,970 shares during the quarter. Neuberger Berman Group LLC’s holdings in Plexus were worth $291,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Vanguard Group Inc. increased its position in shares of Plexus by 0.6% during the third quarter. Vanguard Group Inc. now owns 3,683,845 shares of the technology company’s stock valued at $533,016,000 after buying an additional 22,374 shares during the period. American Century Companies Inc. lifted its holdings in Plexus by 44.2% in the third quarter. American Century Companies Inc. now owns 1,103,892 shares of the technology company’s stock worth $159,722,000 after buying an additional 338,119 shares during the period. State Street Corp boosted its position in Plexus by 2.3% during the 2nd quarter. State Street Corp now owns 1,059,501 shares of the technology company’s stock valued at $143,361,000 after acquiring an additional 24,115 shares in the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. grew its holdings in shares of Plexus by 4.0% during the 3rd quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 915,296 shares of the technology company’s stock worth $132,434,000 after acquiring an additional 35,237 shares during the period. Finally, Thrivent Financial for Lutherans grew its holdings in shares of Plexus by 6.9% during the 3rd quarter. Thrivent Financial for Lutherans now owns 298,117 shares of the technology company’s stock worth $43,134,000 after acquiring an additional 19,248 shares during the period. 94.45% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, CAO Angelo Michael Ninivaggi, Jr. sold 4,303 shares of Plexus stock in a transaction dated Thursday, February 5th. The stock was sold at an average price of $203.06, for a total value of $873,767.18. Following the completion of the transaction, the chief accounting officer owned 20,099 shares of the company’s stock, valued at $4,081,302.94. The trade was a 17.63% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, COO Oliver K. Mihm sold 9,541 shares of the company’s stock in a transaction dated Wednesday, February 18th. The stock was sold at an average price of $201.40, for a total transaction of $1,921,557.40. Following the completion of the transaction, the chief operating officer owned 12,809 shares in the company, valued at approximately $2,579,732.60. The trade was a 42.69% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders sold 47,995 shares of company stock valued at $9,718,476. 1.78% of the stock is currently owned by insiders.

Plexus Stock Performance

Plexus stock opened at $185.90 on Monday. The company has a quick ratio of 0.75, a current ratio of 1.59 and a debt-to-equity ratio of 0.06. The company has a market capitalization of $4.98 billion, a P/E ratio of 28.91 and a beta of 0.81. The stock’s 50 day moving average is $183.99 and its 200 day moving average is $158.22. Plexus Corp. has a twelve month low of $103.43 and a twelve month high of $211.84.

Plexus (NASDAQ:PLXS) last announced its quarterly earnings data on Wednesday, January 28th. The technology company reported $1.78 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.77 by $0.01. Plexus had a return on equity of 12.39% and a net margin of 4.28%.The business had revenue of $1.07 billion during the quarter, compared to analysts’ expectations of $1.07 billion. During the same quarter in the previous year, the business earned $1.73 earnings per share. The firm’s quarterly revenue was up 9.6% compared to the same quarter last year. Plexus has set its Q2 2026 guidance at 1.800-1.950 EPS. On average, equities research analysts predict that Plexus Corp. will post 5.9 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on PLXS. Needham & Company LLC raised their target price on Plexus from $165.00 to $206.00 and gave the company a “buy” rating in a research note on Friday, January 30th. Wall Street Zen cut Plexus from a “buy” rating to a “hold” rating in a research note on Sunday. Williams Trading set a $195.00 price objective on Plexus in a report on Wednesday, January 28th. Weiss Ratings raised Plexus from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday. Finally, Zacks Research raised shares of Plexus from a “hold” rating to a “strong-buy” rating in a research report on Friday, February 6th. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat, Plexus presently has a consensus rating of “Moderate Buy” and a consensus target price of $189.20.

About Plexus

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.