Plexus Corp. $PLXS Shares Bought by Kennedy Capital Management LLC

Kennedy Capital Management LLC grew its position in shares of Plexus Corp. (NASDAQ:PLXS) by 20.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 77,828 shares of the technology company’s stock after purchasing an additional 13,020 shares during the period. Kennedy Capital Management LLC’s holdings in Plexus were worth $11,441,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of PLXS. AQR Capital Management LLC boosted its stake in shares of Plexus by 103.1% during 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 last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake 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 worth $2,046,000 after purchasing an additional 705 shares during the last quarter. United Services Automobile Association acquired a new stake in shares of Plexus during the 1st quarter worth about $218,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in shares of Plexus by 12.9% during 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 purchasing an additional 9,078 shares during the last quarter. Finally, Cetera Investment Advisers acquired a new stake in shares of Plexus during the 2nd quarter worth about $309,000. 94.45% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Plexus

In related news, CEO Todd P. Kelsey sold 3,000 shares of the firm’s stock in a transaction that occurred on Tuesday, May 5th. The shares were sold at an average price of $268.45, for a total value of $805,350.00. Following the transaction, the chief executive officer owned 74,888 shares in the company, valued at approximately $20,103,683.60. This trade represents a 3.85% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Angelo Michael Ninivaggi, Jr. sold 3,270 shares of the firm’s stock in a transaction that occurred 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 completion of the transaction, the executive vice president owned 16,266 shares in the company, valued at $4,306,423.50. The trade was a 16.74% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 21,981 shares of company stock worth $5,704,208. Company insiders own 1.78% of the company’s stock.

Plexus Stock Performance

Shares of PLXS stock opened at $295.02 on Monday. The firm has a market cap of $7.89 billion, a P/E ratio of 43.13 and a beta of 0.89. Plexus Corp. has a 1-year low of $115.35 and a 1-year high of $299.00. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.54 and a quick ratio of 0.74. The firm’s 50-day simple moving average is $253.52 and its 200-day simple moving average is $204.93.

Plexus (NASDAQ:PLXS) last announced its quarterly earnings data on Wednesday, April 29th. The technology company reported $2.05 earnings per share for the quarter, topping the consensus estimate of $1.87 by $0.18. Plexus had a net margin of 4.35% and a return on equity of 12.84%. The business had revenue of $1.16 billion for the quarter, compared to analyst estimates of $1.13 billion. During the same period in the prior year, the firm posted $1.66 EPS. The company’s revenue was up 18.7% on a year-over-year basis. Plexus has set its Q3 2026 guidance at 2.020-2.180 EPS. As a group, equities analysts forecast that Plexus Corp. will post 5.98 EPS for the current year.

Analysts Set New Price Targets

Several research analysts have recently weighed in on PLXS shares. Needham & Company LLC increased their price objective on shares of Plexus from $285.00 to $310.00 and gave the stock a “buy” rating in a report on Monday, June 1st. Benchmark reiterated a “buy” rating and set a $220.00 price objective on shares of Plexus in a report on Monday, March 16th. Stifel Nicolaus set a $280.00 price objective on shares of Plexus in a report on Tuesday, May 26th. Weiss Ratings lowered shares of Plexus from a “buy (b)” rating to a “buy (b-)” rating in a report on Thursday. Finally, Raymond James Financial reiterated an “outperform” rating and set a $275.00 price objective on shares of Plexus in a report on Thursday, April 30th. Five analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, Plexus presently has a consensus rating of “Moderate Buy” and a consensus price target of $238.33.

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.