5,734 Shares in Plexus Corp. $PLXS Bought by Diversify Advisory Services LLC

Diversify Advisory Services LLC purchased a new stake in shares of Plexus Corp. (NASDAQ:PLXS) during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 5,734 shares of the technology company’s stock, valued at approximately $1,453,000.

A number of other hedge funds have also recently made changes to their positions in the business. AQR Capital Management LLC boosted its stake in Plexus by 103.1% in the 1st quarter. AQR Capital Management LLC now owns 8,384 shares of the technology company’s stock worth $1,074,000 after purchasing an additional 4,255 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in Plexus by 4.6% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 15,971 shares of the technology company’s stock valued at $2,046,000 after acquiring an additional 705 shares in the last quarter. United Services Automobile Association bought a new stake in Plexus in the 1st quarter valued at $218,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in shares of Plexus by 12.9% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 79,584 shares of the technology company’s stock valued at $10,197,000 after purchasing an additional 9,078 shares in the last quarter. Finally, Cetera Investment Advisers bought a new stake in shares of Plexus in the second quarter worth about $309,000. Institutional investors own 94.45% of the company’s stock.

Analyst Ratings Changes

A number of analysts have issued reports on PLXS shares. Zacks Research raised Plexus from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, August 11th. Wall Street Zen raised shares of Plexus from a “hold” rating to a “buy” rating in a report on Saturday, May 2nd. Raymond James Financial restated an “outperform” rating and issued a $275.00 target price on shares of Plexus in a report on Thursday, April 30th. Needham & Company LLC restated a “buy” rating and set a $310.00 target price on shares of Plexus in a research report on Friday, August 14th. Finally, Sidoti raised shares of Plexus from a “neutral” rating to a “buy” rating and set a $308.00 price target for the company in a report on Friday, July 31st. One research analyst has rated the stock with a Strong Buy rating and six have issued a Buy rating to the company. According to MarketBeat.com, Plexus currently has an average rating of “Buy” and an average target price of $273.00.

Insider Buying and Selling

In other Plexus news, insider Michael J. Running sold 510 shares of the company’s stock in a transaction dated Friday, June 5th. The shares were sold at an average price of $272.17, for a total value of $138,806.70. Following the transaction, the insider directly owned 665 shares in the company, valued at $180,993.05. This represents a 43.40% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Michael V. Schrock sold 4,000 shares of the firm’s stock in a transaction that occurred on Tuesday, August 11th. The stock was 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 in the company, valued at approximately $11,090,475. This trade represents a 9.02% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 8,010 shares of company stock valued at $2,246,027 in the last 90 days. Company insiders own 1.78% of the company’s stock.

Plexus Price Performance

PLXS opened at $244.26 on Thursday. The business has a fifty day moving average of $271.06 and a 200 day moving average of $242.31. The stock has a market cap of $6.54 billion, a P/E ratio of 36.03 and a beta of 0.90. The company has a quick ratio of 0.72, a current ratio of 1.49 and a debt-to-equity ratio of 0.06. Plexus Corp. has a 52-week low of $126.86 and a 52-week high of $307.06.

Plexus (NASDAQ:PLXS) last released its earnings results on Wednesday, July 29th. The technology company reported $2.32 earnings per share for the quarter, topping analysts’ consensus estimates of $2.13 by $0.19. The business had revenue of $1.30 billion for the quarter, compared to analyst estimates 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% compared to the same quarter last year. During the same quarter last year, the firm posted $1.64 earnings per share. Plexus has set its Q4 2026 guidance at 2.470-2.630 EPS. As a group, sell-side analysts anticipate that Plexus Corp. will post 7.11 EPS for the current year.

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.