Moran Wealth Management LLC Trims Stock Holdings in Plexus Corp. $PLXS

Moran Wealth Management LLC lowered its stake in shares of Plexus Corp. (NASDAQ:PLXS) by 52.5% in the first quarter, Holdings Channel reports. The institutional investor owned 17,528 shares of the technology company’s stock after selling 19,388 shares during the quarter. Moran Wealth Management LLC’s holdings in Plexus were worth $3,550,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in PLXS. Victory Capital Management Inc. grew its holdings in Plexus by 130.0% during the 4th quarter. Victory Capital Management Inc. now owns 349,057 shares of the technology company’s stock worth $51,311,000 after acquiring an additional 197,283 shares in the last quarter. MetLife Investment Management LLC raised its stake in shares of Plexus by 713.3% in the 4th quarter. MetLife Investment Management LLC now owns 126,971 shares of the technology company’s stock valued at $18,665,000 after purchasing an additional 111,360 shares in the last quarter. Balyasny Asset Management L.P. acquired a new stake in shares of Plexus in the 3rd quarter valued at about $12,509,000. Arrowstreet Capital Limited Partnership lifted its position in shares of Plexus by 965.0% during the third quarter. Arrowstreet Capital Limited Partnership now owns 80,890 shares of the technology company’s stock worth $11,704,000 after purchasing an additional 73,295 shares during the last quarter. Finally, Goldman Sachs Group Inc. lifted its position in shares of Plexus by 75.1% during the fourth quarter. Goldman Sachs Group Inc. now owns 160,149 shares of the technology company’s stock worth $23,542,000 after purchasing an additional 68,675 shares during the last quarter. Institutional investors own 94.45% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently commented on PLXS shares. Raymond James Financial reiterated an “outperform” rating and issued a $275.00 target price on shares of Plexus in a research report on Thursday, April 30th. Needham & Company LLC raised their price objective on Plexus from $285.00 to $310.00 and gave the stock a “buy” rating in a research note on Monday, June 1st. Stifel Nicolaus raised their price objective on Plexus from $280.00 to $330.00 and gave the stock a “buy” rating in a research note on Monday, June 22nd. Wall Street Zen raised shares of Plexus from a “hold” rating to a “buy” rating in a report on Saturday, May 2nd. Finally, Benchmark reiterated a “buy” rating and set a $220.00 target price on shares of Plexus in a research note on Monday, March 16th. Five analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $246.67.

Insider Activity

In other news, EVP Angelo Michael Ninivaggi, Jr. sold 3,270 shares of the firm’s stock in a transaction dated 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 approximately $4,306,423.50. This trade represents a 16.74% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Victor (Pang Hau) Tan sold 3,000 shares of Plexus stock in a transaction that occurred on Monday, May 11th. The stock was sold at an average price of $271.23, for a total transaction of $813,690.00. Following the completion of the transaction, 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 SEC filing for this sale provides additional information. In the last quarter, insiders sold 21,981 shares of company stock worth $5,855,318. Corporate insiders own 1.78% of the company’s stock.

Plexus Stock Performance

Shares of PLXS opened at $275.11 on Monday. The firm has a 50-day moving average price of $274.00 and a 200 day moving average price of $219.75. The firm has a market capitalization of $7.36 billion, a PE ratio of 40.22 and a beta of 0.88. The company has a quick ratio of 0.74, a current ratio of 1.54 and a debt-to-equity ratio of 0.06. Plexus Corp. has a 52-week low of $115.35 and a 52-week high of $307.06.

Plexus (NASDAQ:PLXS) last posted its quarterly earnings data on Wednesday, April 29th. The technology company reported $2.05 EPS for the quarter, beating analysts’ consensus estimates 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 quarter last year, the business earned $1.66 earnings per share. The business’s revenue for the quarter was up 18.7% on a year-over-year basis. Plexus has set its Q3 2026 guidance at 2.020-2.180 EPS. On average, sell-side analysts anticipate that Plexus Corp. will post 5.98 earnings per share for the current fiscal year.

About Plexus

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.