Algert Global LLC Purchases New Holdings in Plexus Corp. $PLXS

Algert Global LLC bought a new stake in shares of Plexus Corp. (NASDAQ:PLXS) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 9,590 shares of the technology company’s stock, valued at approximately $2,883,000.

Other large investors also recently added to or reduced their stakes in the company. Hodges Capital Management Inc. raised its position in shares of Plexus by 47.7% in the fourth quarter. Hodges Capital Management Inc. now owns 17,950 shares of the technology company’s stock valued at $2,639,000 after purchasing an additional 5,795 shares during the period. Louisiana State Employees Retirement System purchased a new stake in shares of Plexus during the 1st quarter valued at approximately $2,410,000. Jefferies Financial Group Inc. purchased a new position in shares of Plexus in the fourth quarter valued at about $2,182,000. Walleye Capital LLC bought a new position in Plexus in the second quarter worth approximately $8,296,000. Finally, GSA Capital Partners LLP boosted its stake in shares of Plexus by 159.6% during the 4th quarter. GSA Capital Partners LLP now owns 14,638 shares of the technology company’s stock worth $2,152,000 after purchasing an additional 8,999 shares during the period. Hedge funds and other institutional investors own 94.45% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the stock. Stifel Nicolaus lifted their target price on shares of Plexus from $280.00 to $330.00 and gave the company a “buy” rating in a report on Monday, June 22nd. 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. Weiss Ratings cut shares of Plexus from a “buy (b)” rating to a “buy (b-)” rating in a research report on Tuesday, August 11th. Zacks Research raised Plexus from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, August 11th. Finally, Needham & Company LLC reissued a “buy” rating and issued a $310.00 target price on shares of Plexus in a report on Friday, August 14th. One investment analyst has rated the stock with a Strong Buy rating and six have given a Buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Buy” and an average target price of $273.00.

Insider Buying and Selling

In related news, Director Michael V. Schrock sold 4,000 shares of the stock in a transaction dated Tuesday, August 11th. The shares were sold at an average price of $275.00, for a total transaction of $1,100,000.00. Following the sale, the director directly owned 40,329 shares of the company’s stock, valued at approximately $11,090,475. This represents a 9.02% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Michael J. Running sold 510 shares of the business’s stock in a transaction on Friday, June 5th. The stock was sold at an average price of $272.17, for a total transaction of $138,806.70. Following the completion of the sale, the insider owned 665 shares in the company, valued at approximately $180,993.05. The trade was a 43.40% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 8,510 shares of company stock valued at $2,347,747 over the last three months. Corporate insiders own 1.78% of the company’s stock.

Plexus Stock Down 1.9%

PLXS stock opened at $240.87 on Friday. The stock has a market cap of $6.45 billion, a PE ratio of 35.53 and a beta of 0.90. The firm’s 50-day simple moving average is $263.63 and its 200 day simple moving average is $243.97. 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 fifty-two week low of $132.03 and a fifty-two week high of $307.06.

Plexus (NASDAQ:PLXS) last issued its earnings results 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 business had revenue of $1.30 billion for the quarter, compared to analyst estimates of $1.23 billion. Plexus had a net margin of 4.03% and a return on equity of 12.46%. The firm’s revenue was up 28.2% on a year-over-year basis. During the same period in the previous year, the business earned $1.64 EPS. Plexus has set its Q4 2026 guidance at 2.470-2.630 EPS. As a group, sell-side analysts predict 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.