PNC Financial Services Group Inc. Purchases 2,497 Shares of Plexus Corp. $PLXS

PNC Financial Services Group Inc. grew its position in shares of Plexus Corp. (NASDAQ:PLXS) by 80.0% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 5,620 shares of the technology company’s stock after purchasing an additional 2,497 shares during the period. PNC Financial Services Group Inc.’s holdings in Plexus were worth $1,138,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Dimensional Fund Advisors LP raised its holdings in shares of Plexus by 0.5% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,373,457 shares of the technology company’s stock valued at $201,903,000 after buying an additional 7,051 shares in the last quarter. State Street Corp lifted its position 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 last quarter. Geode Capital Management LLC boosted its stake in Plexus by 0.6% in the fourth quarter. Geode Capital Management LLC now owns 672,614 shares of the technology company’s stock worth $98,890,000 after buying an additional 4,054 shares in the last quarter. Fuller & Thaler Asset Management Inc. boosted its stake in Plexus by 5.8% in the fourth quarter. Fuller & Thaler Asset Management Inc. now owns 446,705 shares of the technology company’s stock worth $65,666,000 after buying an additional 24,441 shares in the last quarter. Finally, Nuveen LLC grew its position in Plexus by 12.2% during the fourth quarter. Nuveen LLC now owns 390,998 shares of the technology company’s stock valued at $57,477,000 after acquiring an additional 42,501 shares during the last quarter. 94.45% of the stock is currently owned by hedge funds and other institutional investors.

Plexus Price Performance

Shares of Plexus stock opened at $251.34 on Friday. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.49 and a quick ratio of 0.74. The business’s 50 day simple moving average is $273.36 and its two-hundred day simple moving average is $233.81. The stock has a market capitalization of $6.73 billion, a P/E ratio of 37.07 and a beta of 0.88. Plexus Corp. has a one year low of $124.49 and a one year high of $307.06.

Plexus (NASDAQ:PLXS) last announced its quarterly earnings data on Wednesday, July 29th. The technology company reported $2.32 earnings per share for the quarter, beating the consensus estimate of $2.13 by $0.19. The firm had revenue of $1.30 billion during the quarter, compared to the consensus estimate of $1.23 billion. Plexus had a return on equity of 12.46% and a net margin of 4.03%.The business’s revenue was up 28.2% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.64 earnings per share. Plexus has set its Q4 2026 guidance at 2.470-2.630 EPS. Analysts forecast that Plexus Corp. will post 5.98 EPS for the current year.

Analyst Ratings Changes

Several research analysts have commented on PLXS shares. Weiss Ratings raised shares of Plexus from a “buy (b-)” rating to a “buy (b)” rating in a research note on Monday, July 6th. Needham & Company LLC increased their target price on shares of Plexus from $285.00 to $310.00 and gave the company a “buy” rating in a report on Monday, June 1st. Stifel Nicolaus lifted their target price 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. Zacks Research raised shares of Plexus from a “strong sell” rating to a “hold” rating in a research note on Monday, July 13th. Finally, Sidoti upgraded shares of Plexus from a “neutral” rating to a “buy” rating and set a $308.00 price target for the company in a research report on Friday. Six analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat, Plexus currently has an average rating of “Moderate Buy” and a consensus target price of $273.00.

Insider Buying and Selling

In related news, insider Victor (Pang Hau) Tan sold 3,000 shares of the company’s stock in a transaction on Monday, May 11th. The shares were sold at an average price of $271.23, for a total transaction of $813,690.00. Following the completion of the sale, the insider directly owned 10,457 shares in the company, valued at $2,836,252.11. This represents a 22.29% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, EVP Angelo Michael Ninivaggi, Jr. sold 3,270 shares of the stock in a transaction on Friday, May 8th. The shares were sold at an average price of $264.75, for a total transaction of $865,732.50. Following the sale, the executive vice president directly owned 16,266 shares of the company’s stock, valued at $4,306,423.50. The trade was a 16.74% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 20,481 shares of company stock valued at $5,519,183 over the last three months. 1.78% of the stock is owned by company 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.