Royce & Associates LP Purchases 2,953 Shares of Plexus Corp. $PLXS

Royce & Associates LP raised its position in Plexus Corp. (NASDAQ:PLXS) by 32.1% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 12,157 shares of the technology company’s stock after purchasing an additional 2,953 shares during the quarter. Royce & Associates LP’s holdings in Plexus were worth $1,759,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently modified their holdings of the company. Congress Asset Management Co. grew its holdings in shares of Plexus by 0.5% during the third quarter. Congress Asset Management Co. now owns 16,245 shares of the technology company’s stock worth $2,350,000 after buying an additional 88 shares in the last quarter. Huntington National Bank boosted its position in Plexus by 41.5% during the 2nd quarter. Huntington National Bank now owns 324 shares of the technology company’s stock worth $44,000 after acquiring an additional 95 shares during the last quarter. Nisa Investment Advisors LLC grew its stake in shares of Plexus by 0.8% during the 3rd quarter. Nisa Investment Advisors LLC now owns 12,879 shares of the technology company’s stock worth $1,863,000 after acquiring an additional 99 shares in the last quarter. Strs Ohio raised its holdings in shares of Plexus by 1.2% in the third quarter. Strs Ohio now owns 8,500 shares of the technology company’s stock valued at $1,230,000 after purchasing an additional 100 shares during the last quarter. Finally, Arizona State Retirement System lifted its position in shares of Plexus by 1.3% in the third quarter. Arizona State Retirement System now owns 7,993 shares of the technology company’s stock worth $1,157,000 after purchasing an additional 102 shares in the last quarter. 94.45% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts recently weighed in on PLXS shares. Benchmark raised their target price on shares of Plexus from $165.00 to $195.00 and gave the company a “buy” rating in a research report on Wednesday, January 28th. Stifel Nicolaus raised their price objective on Plexus from $150.00 to $200.00 and gave the company a “hold” rating in a report on Friday, January 30th. Zacks Research raised Plexus from a “hold” rating to a “strong-buy” rating in a research report on Friday, February 6th. Wall Street Zen raised Plexus from a “hold” rating to a “buy” rating in a research report on Saturday, February 28th. Finally, Williams Trading set a $195.00 price target on Plexus in a research report on Wednesday, January 28th. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $189.20.

Plexus Stock Down 3.3%

Shares of PLXS stock opened at $191.35 on Friday. Plexus Corp. has a 52-week low of $103.43 and a 52-week high of $211.84. The stock has a market cap of $5.13 billion, a price-to-earnings ratio of 29.76 and a beta of 0.81. The firm’s 50-day moving average is $183.36 and its 200-day moving average is $157.45. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.75 and a current ratio of 1.59.

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

Insider Buying and Selling at Plexus

In related news, CFO Patrick John Jermain sold 4,841 shares of the stock in a transaction on Tuesday, February 3rd. The stock was sold at an average price of $204.01, for a total value of $987,612.41. Following the sale, the chief financial officer owned 20,469 shares in the company, valued at approximately $4,175,880.69. This represents a 19.13% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Todd P. Kelsey sold 8,120 shares of Plexus stock in a transaction on Tuesday, February 3rd. The stock was sold at an average price of $205.65, for a total transaction of $1,669,878.00. Following the transaction, the chief executive officer directly owned 78,598 shares of the company’s stock, valued at approximately $16,163,678.70. This trade represents a 9.36% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 47,995 shares of company stock worth $9,718,476 in the last three months. 1.78% of the stock is owned by insiders.

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.