GSA Capital Partners LLP Grows Stake in Plexus Corp. $PLXS

GSA Capital Partners LLP grew its stake in shares of Plexus Corp. (NASDAQ:PLXS) by 168.3% in the third quarter, Holdings Channel reports. The fund owned 5,639 shares of the technology company’s stock after acquiring an additional 3,537 shares during the quarter. GSA Capital Partners LLP’s holdings in Plexus were worth $816,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently modified their holdings of PLXS. AQR Capital Management LLC grew its holdings in Plexus by 103.1% during the first quarter. AQR Capital Management LLC now owns 8,384 shares of the technology company’s stock valued at $1,074,000 after purchasing an additional 4,255 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of Plexus by 4.6% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 15,971 shares of the technology company’s stock valued at $2,046,000 after buying an additional 705 shares during the last quarter. United Services Automobile Association bought a new position in shares of Plexus during the 1st quarter worth $218,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in Plexus by 12.9% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 79,584 shares of the technology company’s stock worth $10,197,000 after acquiring an additional 9,078 shares during the last quarter. Finally, CWM LLC raised its stake in Plexus by 65.7% in the 2nd quarter. CWM LLC now owns 537 shares of the technology company’s stock valued at $73,000 after acquiring an additional 213 shares during the period. Institutional investors own 94.45% of the company’s stock.

Insider Transactions at Plexus

In other news, CAO Angelo Michael Ninivaggi, Jr. sold 4,303 shares of Plexus stock in a transaction dated Thursday, February 5th. The stock was sold at an average price of $203.06, for a total transaction of $873,767.18. Following the completion of the sale, the chief accounting officer owned 20,099 shares in the company, valued at approximately $4,081,302.94. This trade represents a 17.63% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Frank Zycinski sold 1,399 shares of the company’s stock in a transaction that occurred on Thursday, February 12th. The stock was sold at an average price of $205.99, for a total transaction of $288,180.01. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 51,669 shares of company stock worth $10,220,816. 1.78% of the stock is owned by insiders.

Plexus Stock Up 1.0%

Shares of NASDAQ:PLXS opened at $198.46 on Friday. The firm has a fifty day moving average price of $175.47 and a two-hundred day moving average price of $153.44. The company has a market cap of $5.32 billion, a price-to-earnings ratio of 30.86 and a beta of 0.81. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.59 and a quick ratio of 0.75. Plexus Corp. has a one year low of $103.43 and a one year high of $211.84.

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

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on PLXS shares. Zacks Research upgraded shares of Plexus from a “hold” rating to a “strong-buy” rating in a research report on Friday, February 6th. Wall Street Zen downgraded shares of Plexus from a “buy” rating to a “hold” rating in a report on Saturday, November 22nd. Stifel Nicolaus boosted their target price on shares of Plexus from $150.00 to $200.00 and gave the company a “hold” rating in a report on Friday, January 30th. Needham & Company LLC increased their target price on Plexus from $165.00 to $206.00 and gave the stock a “buy” rating in a research report on Friday, January 30th. Finally, Benchmark lifted their price target on Plexus from $165.00 to $195.00 and gave the company a “buy” rating in a research report on Wednesday, January 28th. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $189.20.

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.