Plexus Corp. $PLXS Shares Sold by Praxis Investment Management Inc.

Praxis Investment Management Inc. decreased its position in Plexus Corp. (NASDAQ:PLXS) by 53.4% during the first quarter, Holdings Channel reports. The firm owned 1,982 shares of the technology company’s stock after selling 2,268 shares during the quarter. Praxis Investment Management Inc.’s holdings in Plexus were worth $401,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in PLXS. Victory Capital Management Inc. boosted its position in shares of Plexus by 130.0% during the fourth quarter. Victory Capital Management Inc. now owns 349,057 shares of the technology company’s stock worth $51,311,000 after buying an additional 197,283 shares during the period. MetLife Investment Management LLC raised its holdings in shares of Plexus by 713.3% in the 4th quarter. MetLife Investment Management LLC now owns 126,971 shares of the technology company’s stock valued at $18,665,000 after buying an additional 111,360 shares during the period. Balyasny Asset Management L.P. purchased a new stake in shares of Plexus in the 3rd quarter valued at $12,509,000. Arrowstreet Capital Limited Partnership raised its holdings in shares of Plexus by 965.0% in the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 80,890 shares of the technology company’s stock valued at $11,704,000 after buying an additional 73,295 shares during the period. Finally, Goldman Sachs Group Inc. lifted its stake in Plexus by 75.1% during the 4th quarter. Goldman Sachs Group Inc. now owns 160,149 shares of the technology company’s stock worth $23,542,000 after acquiring an additional 68,675 shares in the last quarter. 94.45% of the stock is currently owned by institutional investors and hedge funds.

Plexus Stock Performance

Shares of PLXS opened at $275.11 on Monday. Plexus Corp. has a 1 year low of $115.35 and a 1 year high of $307.06. The stock has a market capitalization of $7.36 billion, a PE ratio of 40.22 and a beta of 0.88. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.74 and a current ratio of 1.54. The stock has a 50-day simple moving average of $274.00 and a 200-day simple moving average of $219.75.

Plexus (NASDAQ:PLXS) last released its earnings results 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 for the quarter, compared to analyst estimates of $1.13 billion. Plexus had a net margin of 4.35% and a return on equity of 12.84%. The business’s quarterly revenue was up 18.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.66 earnings per share. Plexus has set its Q3 2026 guidance at 2.020-2.180 EPS. On average, analysts predict that Plexus Corp. will post 5.98 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Plexus news, insider Victor (Pang Hau) Tan sold 3,000 shares of the stock in a transaction that occurred on Monday, May 11th. The shares were sold at an average price of $271.23, for a total value of $813,690.00. Following the sale, the insider directly owned 10,457 shares of the company’s stock, valued at approximately $2,836,252.11. This represents a 22.29% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, EVP Angelo Michael Ninivaggi, Jr. sold 3,270 shares of the firm’s stock in a transaction on Friday, May 8th. The shares were sold at an average price of $264.75, for a total transaction of $865,732.50. Following the completion of the sale, the executive vice president owned 16,266 shares in the company, valued at $4,306,423.50. The trade was a 16.74% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 21,981 shares of company stock worth $5,855,318 in the last 90 days. Corporate insiders own 1.78% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently commented on the company. Raymond James Financial restated an “outperform” rating and set a $275.00 target price on shares of Plexus in a report on Thursday, April 30th. Stifel Nicolaus boosted their price target on shares of Plexus from $280.00 to $330.00 and gave the stock a “buy” rating in a research note on Monday, June 22nd. Zacks Research cut shares of Plexus from a “hold” rating to a “strong sell” rating in a research report on Wednesday, May 20th. Benchmark reissued a “buy” rating and issued a $220.00 price objective on shares of Plexus in a research note on Monday, March 16th. Finally, Weiss Ratings cut shares of Plexus from a “buy (b)” rating to a “buy (b-)” rating in a report on Thursday, June 11th. Five analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $246.67.

Plexus Company 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.