Plexus Corp. $PLXS Shares Sold by New York State Teachers Retirement System

New York State Teachers Retirement System lessened its holdings in shares of Plexus Corp. (NASDAQ:PLXS) by 7.7% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 34,970 shares of the technology company’s stock after selling 2,920 shares during the period. New York State Teachers Retirement System’s holdings in Plexus were worth $5,141,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its stake in Plexus by 0.6% during the 3rd quarter. Vanguard Group Inc. now owns 3,683,845 shares of the technology company’s stock worth $533,016,000 after buying an additional 22,374 shares during the last quarter. American Century Companies Inc. grew its stake in Plexus by 44.2% during the 3rd 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 last quarter. State Street Corp grew its stake in Plexus by 2.3% during the 2nd quarter. State Street Corp now owns 1,059,501 shares of the technology company’s stock worth $143,361,000 after buying an additional 24,115 shares during the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. grew its stake in 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 buying an additional 35,237 shares during the last quarter. Finally, Northern Trust Corp grew its stake in Plexus by 1.5% during the 3rd quarter. Northern Trust Corp now owns 340,964 shares of the technology company’s stock worth $49,334,000 after buying an additional 4,929 shares during the last quarter. Hedge funds and other institutional investors own 94.45% of the company’s stock.

Insider Buying and Selling

In other Plexus news, COO Oliver K. Mihm sold 9,541 shares of Plexus stock in a transaction that occurred on Wednesday, February 18th. The stock was sold at an average price of $201.40, for a total value of $1,921,557.40. Following the transaction, the chief operating officer directly owned 12,809 shares in the company, valued at approximately $2,579,732.60. This trade represents a 42.69% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Patrick John Jermain sold 2,321 shares of Plexus stock in a transaction that occurred on Thursday, February 12th. The shares were sold at an average price of $201.12, for a total value of $466,799.52. Following the completion of the transaction, the chief financial officer owned 14,561 shares in the company, valued at $2,928,508.32. This trade represents a 13.75% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 30,621 shares of company stock valued at $6,578,664. Company insiders own 1.78% of the company’s stock.

Analysts Set New Price Targets

PLXS has been the topic of a number of research reports. Needham & Company LLC raised their price target on Plexus from $206.00 to $285.00 and gave the stock a “buy” rating in a research note on Friday, May 1st. Wall Street Zen upgraded Plexus from a “hold” rating to a “buy” rating in a research note on Saturday, May 2nd. Raymond James Financial restated an “outperform” rating and set a $275.00 price target on shares of Plexus in a research note on Thursday, April 30th. Stifel Nicolaus set a $250.00 price target on Plexus and gave the stock a “buy” rating in a research note on Monday, April 20th. Finally, Zacks Research downgraded Plexus from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 13th. Five 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.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $229.17.

Plexus Trading Down 0.0%

Shares of PLXS stock opened at $265.04 on Thursday. The business’s 50 day moving average is $214.47 and its two-hundred day moving average is $180.66. Plexus Corp. has a twelve month low of $115.35 and a twelve month high of $275.83. The company has a market capitalization of $7.10 billion, a P/E ratio of 38.75 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 (NASDAQ:PLXS) last announced its earnings results on Wednesday, April 29th. The technology company reported $2.05 earnings per share for the quarter, beating the consensus estimate of $1.87 by $0.18. Plexus had a return on equity of 12.84% and a net margin of 4.35%.The company had revenue of $1.16 billion for the quarter, compared to the consensus estimate of $1.13 billion. During the same period last year, the business posted $1.66 EPS. The company’s revenue was up 18.7% on a year-over-year basis. Plexus has set its Q3 2026 guidance at 2.020-2.180 EPS. Equities analysts forecast that Plexus Corp. will post 6.23 EPS for the current year.

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.