Public Sector Pension Investment Board Boosts Stock Position in Plexus Corp. $PLXS

Public Sector Pension Investment Board lifted its position in Plexus Corp. (NASDAQ:PLXS) by 13.9% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 105,224 shares of the technology company’s stock after purchasing an additional 12,875 shares during the quarter. Public Sector Pension Investment Board owned about 0.39% of Plexus worth $15,225,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. State Street Corp increased its holdings in Plexus by 2.3% in 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 period. American Century Companies Inc. boosted its holdings in shares of Plexus by 12.9% in the 2nd quarter. American Century Companies Inc. now owns 765,773 shares of the technology company’s stock valued at $103,617,000 after acquiring an additional 87,551 shares during the last quarter. Thrivent Financial for Lutherans increased its stake in shares of Plexus by 6.9% in the third 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. Qube Research & Technologies Ltd raised its holdings in shares of Plexus by 37.1% during the second quarter. Qube Research & Technologies Ltd now owns 242,726 shares of the technology company’s stock worth $32,843,000 after purchasing an additional 65,644 shares during the last quarter. Finally, Bank of New York Mellon Corp lifted its position in Plexus by 1.8% during the second quarter. Bank of New York Mellon Corp now owns 240,635 shares of the technology company’s stock valued at $32,560,000 after purchasing an additional 4,339 shares during the period. Institutional investors and hedge funds own 94.45% of the company’s stock.

Plexus Stock Performance

NASDAQ PLXS opened at $201.28 on Friday. The stock has a market capitalization of $5.39 billion, a price-to-earnings ratio of 31.30 and a beta of 0.81. The stock has a 50-day moving average of $171.66 and a 200 day moving average of $151.00. The company has a current ratio of 1.59, a quick ratio of 0.75 and a debt-to-equity ratio of 0.06. Plexus Corp. has a twelve month low of $103.43 and a twelve month high of $211.84.

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

Plexus News Summary

Here are the key news stories impacting Plexus this week:

• Positive Sentiment: Zacks Research sharply raised forward earnings estimates across 2026–2028 (examples: FY2026 to $6.64 from $6.38, FY2027 to $7.34 from $7.08, FY2028 to $8.06 from $7.86) and lifted quarterly forecasts (e.g., Q2 2026 to $1.62 from $1.51, Q3 2026 to $1.72 from $1.65, Q4 2026 to $1.79 from $1.70). Zacks also maintains a “Strong‑Buy” rating — the upgrades support higher future profitability expectations and are a clear bullish signal to investors.
• Neutral Sentiment: Analyst consensus data shows a “Moderate Buy” consensus with an average target price of $189.20 (MarketBeat summary). That target is below the current trading level, signaling mixed analyst views on upside from here. Plexus Corp. Receives $189.20 Average Target Price

Analysts Set New Price Targets

PLXS has been the topic of several analyst reports. Benchmark increased their price target on Plexus from $165.00 to $195.00 and gave the stock a “buy” rating in a research report on Wednesday, January 28th. Needham & Company LLC upped their target price on Plexus from $165.00 to $206.00 and gave the stock a “buy” rating in a research note on Friday, January 30th. Williams Trading set a $195.00 price target on Plexus in a research report on Wednesday, January 28th. Weiss Ratings raised Plexus from a “hold (c+)” rating to a “buy (b-)” rating in a report on Thursday, February 5th. Finally, Sidoti cut shares of Plexus from a “buy” rating to a “neutral” rating and set a $150.00 price objective on the stock. in a research note on Friday, October 24th. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, Plexus currently has an average rating of “Moderate Buy” and an average target price of $189.20.

Insider Activity at Plexus

In other Plexus news, CAO Angelo Michael Ninivaggi, Jr. sold 4,303 shares of the stock in a transaction on Thursday, February 5th. The shares were sold at an average price of $203.06, for a total transaction of $873,767.18. Following the transaction, the chief accounting officer directly owned 20,099 shares of the company’s stock, valued at $4,081,302.94. This trade represents a 17.63% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Chairman Dean A. Foate sold 5,000 shares of the business’s stock in a transaction dated Monday, February 2nd. The stock was sold at an average price of $204.89, for a total transaction of $1,024,450.00. Following the sale, the chairman directly owned 15,000 shares of the company’s stock, valued at $3,073,350. This represents a 25.00% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 30,951 shares of company stock valued at $6,077,670 in the last three months. Company insiders own 1.78% of the company’s stock.

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.