Diversify Advisory Services LLC Buys Shares of 5,734 Plexus Corp. $PLXS

Diversify Advisory Services LLC purchased a new position in Plexus Corp. (NASDAQ:PLXS) in the 2nd quarter, Holdings Channel.com reports. The institutional investor purchased 5,734 shares of the technology company’s stock, valued at approximately $1,453,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Hodges Capital Management Inc. lifted its holdings in shares of Plexus by 47.7% during the 4th quarter. Hodges Capital Management Inc. now owns 17,950 shares of the technology company’s stock valued at $2,639,000 after purchasing an additional 5,795 shares during the last quarter. Louisiana State Employees Retirement System acquired a new stake in Plexus in the first quarter worth about $2,410,000. Jefferies Financial Group Inc. purchased a new stake in shares of Plexus during the fourth quarter worth about $2,182,000. Walleye Capital LLC acquired a new position in shares of Plexus during the second quarter valued at about $8,296,000. Finally, GSA Capital Partners LLP increased its holdings in shares of Plexus by 159.6% during the fourth quarter. GSA Capital Partners LLP now owns 14,638 shares of the technology company’s stock valued at $2,152,000 after acquiring an additional 8,999 shares in the last quarter. 94.45% of the stock is currently owned by institutional investors.

Plexus Trading Down 3.5%

Shares of Plexus stock opened at $244.26 on Thursday. The stock has a market cap of $6.54 billion, a PE ratio of 36.03 and a beta of 0.90. The firm has a fifty day moving average price of $271.06 and a 200 day moving average price of $242.31. Plexus Corp. has a 1 year low of $126.86 and a 1 year high of $307.06. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.49 and a quick ratio of 0.72.

Plexus (NASDAQ:PLXS) last posted its quarterly earnings results on Wednesday, July 29th. The technology company reported $2.32 EPS for the quarter, beating the consensus estimate of $2.13 by $0.19. The company had revenue of $1.30 billion for the quarter, compared to analyst estimates of $1.23 billion. Plexus had a net margin of 4.03% and a return on equity of 12.46%. The firm’s revenue was up 28.2% on a year-over-year basis. During the same period in the prior year, the company earned $1.64 earnings per share. Plexus has set its Q4 2026 guidance at 2.470-2.630 EPS. Equities research analysts predict that Plexus Corp. will post 7.11 earnings per share for the current year.

Insiders Place Their Bets

In other news, CEO Todd P. Kelsey sold 1,500 shares of the firm’s stock in a transaction that occurred on Wednesday, June 17th. The shares were sold at an average price of $294.98, for a total transaction of $442,470.00. Following the sale, the chief executive officer owned 68,888 shares of the company’s stock, valued at $20,320,582.24. This trade represents a 2.13% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Michael V. Schrock sold 4,000 shares of Plexus stock in a transaction that occurred on Tuesday, August 11th. The shares were sold at an average price of $275.00, for a total transaction of $1,100,000.00. Following the transaction, the director directly owned 40,329 shares of the company’s stock, valued at approximately $11,090,475. This trade represents a 9.02% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders have sold 8,010 shares of company stock worth $2,246,027. Corporate insiders own 1.78% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have weighed in on the stock. Sidoti raised shares of Plexus from a “neutral” rating to a “buy” rating and set a $308.00 target price on the stock in a research report on Friday, July 31st. Weiss Ratings cut shares of Plexus from a “buy (b)” rating to a “buy (b-)” rating in a report on Tuesday, August 11th. Stifel Nicolaus lifted their price objective 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. Wall Street Zen raised Plexus from a “hold” rating to a “buy” rating in a research report on Saturday, May 2nd. Finally, Needham & Company LLC restated a “buy” rating and issued a $310.00 target price on shares of Plexus in a research note on Friday, August 14th. One investment analyst has rated the stock with a Strong Buy rating and six have given a Buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average target price of $273.00.

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.