SG Americas Securities LLC Trims Stock Position in Plexus Corp. $PLXS

SG Americas Securities LLC lessened its position in shares of Plexus Corp. (NASDAQ:PLXS) by 85.6% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,224 shares of the technology company’s stock after selling 7,297 shares during the period. SG Americas Securities LLC’s holdings in Plexus were worth $248,000 as of its most recent filing with the Securities and Exchange Commission.

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

Insider Activity

In related news, CEO Todd P. Kelsey sold 3,000 shares of the business’s stock in a transaction that occurred on Tuesday, May 5th. The stock was sold at an average price of $268.45, for a total value of $805,350.00. Following the completion of the sale, the chief executive officer owned 74,888 shares in the company, valued at $20,103,683.60. The trade was a 3.85% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Victor (Pang Hau) Tan sold 3,000 shares of the company’s stock in a transaction that occurred on Monday, May 11th. The stock was sold at an average price of $271.23, for a total value of $813,690.00. Following the completion of 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. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 21,981 shares of company stock worth $5,855,318. 1.78% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

PLXS has been the subject of several recent analyst reports. Needham & Company LLC boosted their target price on Plexus from $285.00 to $310.00 and gave the stock a “buy” rating in a research report on Monday, June 1st. Benchmark reaffirmed a “buy” rating and issued a $220.00 price target on shares of Plexus in a report on Monday, March 16th. Weiss Ratings upgraded Plexus from a “buy (b-)” rating to a “buy (b)” rating in a research report on Monday. Stifel Nicolaus upped their price objective on shares of Plexus from $280.00 to $330.00 and gave the stock a “buy” rating in a research report on Monday, June 22nd. Finally, Zacks Research downgraded shares of Plexus from a “hold” rating to a “strong sell” rating in a research note on Wednesday, May 20th. Five research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $246.67.

Plexus Stock Down 1.2%

Shares of NASDAQ:PLXS opened at $267.27 on Friday. Plexus Corp. has a 52-week low of $115.35 and a 52-week high of $307.06. The firm has a fifty day moving average of $275.70 and a 200 day moving average of $223.30. The firm has a market capitalization of $7.15 billion, a PE ratio of 39.07 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.

Plexus (NASDAQ:PLXS) last released its quarterly earnings results on Wednesday, April 29th. The technology company reported $2.05 earnings per share for the quarter, beating analysts’ consensus estimates of $1.87 by $0.18. Plexus had a return on equity of 12.84% and a net margin of 4.35%.The business had revenue of $1.16 billion for the quarter, compared to the consensus estimate of $1.13 billion. During the same quarter last year, the business posted $1.66 earnings per share. The company’s revenue for the quarter was up 18.7% on a year-over-year basis. Plexus has set its Q3 2026 guidance at 2.020-2.180 EPS. As a group, research analysts anticipate that Plexus Corp. will post 5.98 EPS for the current fiscal year.

Plexus 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.