Intrinsic Edge Capital Management LLC Makes New $4.25 Million Investment in Plexus Corp. $PLXS

Intrinsic Edge Capital Management LLC acquired a new stake in Plexus Corp. (NASDAQ:PLXS) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 21,000 shares of the technology company’s stock, valued at approximately $4,253,000.

A number of other institutional investors have also modified their holdings of the company. Dimensional Fund Advisors LP increased its position in shares of Plexus by 0.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,373,457 shares of the technology company’s stock worth $201,903,000 after acquiring an additional 7,051 shares in the last quarter. State Street Corp increased its position in shares of Plexus by 2.3% during the second quarter. State Street Corp now owns 1,059,501 shares of the technology company’s stock worth $143,361,000 after acquiring an additional 24,115 shares during the last quarter. Geode Capital Management LLC raised its position in shares of Plexus by 0.6% in the 4th quarter. Geode Capital Management LLC now owns 672,614 shares of the technology company’s stock valued at $98,890,000 after purchasing an additional 4,054 shares in the last quarter. Fuller & Thaler Asset Management Inc. grew its position in shares of Plexus by 5.8% during 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 increased its stake in shares of Plexus by 12.2% in the fourth quarter. Nuveen LLC now owns 390,998 shares of the technology company’s stock worth $57,477,000 after buying an additional 42,501 shares during the last quarter. Hedge funds and other institutional investors own 94.45% of the company’s stock.

Insider Activity

In other news, CEO Todd P. Kelsey sold 3,000 shares of the stock in a transaction that occurred on Tuesday, May 5th. The stock was sold at an average price of $268.45, for a total transaction of $805,350.00. Following the sale, the chief executive officer directly owned 74,888 shares in the company, valued at approximately $20,103,683.60. This represents a 3.85% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Angelo Michael Ninivaggi, Jr. sold 3,270 shares of the stock in a transaction that occurred on Friday, May 8th. The stock was sold at an average price of $264.75, for a total value of $865,732.50. Following the sale, 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 ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 20,481 shares of company stock valued at $5,519,183. 1.78% of the stock is currently owned by insiders.

Analyst Ratings Changes

PLXS has been the topic of several recent analyst reports. Zacks Research raised shares of Plexus from a “strong sell” rating to a “hold” rating in a report on Monday, July 13th. Needham & Company LLC boosted their target price on shares of Plexus from $285.00 to $310.00 and gave the stock a “buy” rating in a research report on Monday, June 1st. Weiss Ratings upgraded Plexus from a “buy (b-)” rating to a “buy (b)” rating in a research note on Monday, July 6th. 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. Finally, Wall Street Zen raised Plexus from a “hold” rating to a “buy” rating in a research report on Saturday, May 2nd. Five research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $246.67.

Plexus Trading Down 3.8%

NASDAQ PLXS opened at $240.49 on Thursday. Plexus Corp. has a one year low of $124.49 and a one year high of $307.06. The company has a 50-day simple moving average of $273.93 and a 200-day simple moving average of $233.09. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.74 and a current ratio of 1.54. The firm has a market capitalization of $6.43 billion, a PE ratio of 35.16 and a beta of 0.88.

Plexus (NASDAQ:PLXS) last released its quarterly earnings data on Wednesday, July 29th. The technology company reported $2.32 earnings per share for the quarter, topping the consensus estimate of $2.13 by $0.19. Plexus had a net margin of 4.35% and a return on equity of 12.84%. The firm had revenue of $1.30 billion for the quarter, compared to analyst estimates of $1.23 billion. During the same quarter in the prior year, the business earned $1.64 earnings per share. Plexus’s quarterly revenue was up 28.2% on a year-over-year basis. Plexus has set its Q4 2026 guidance at 2.470-2.630 EPS. On average, equities analysts forecast that Plexus Corp. will post 5.98 earnings per share for the current year.

Plexus News Summary

Here are the key news stories impacting Plexus this week:

• Positive Sentiment: Adjusted Q3 results beat expectations: Plexus reported non-GAAP earnings of $2.32 per share, above the $2.10 consensus estimate and up from $1.90 a year earlier. Revenue of approximately $1.31 billion exceeded expectations by about $80 million. Plexus Surpasses Q3 Earnings and Revenue Estimates
• Positive Sentiment: Strong growth and optimistic outlook: Revenue increased roughly 28% year over year, while management issued fiscal fourth-quarter adjusted EPS guidance of $2.47-$2.63, well above the $2.09 analyst estimate. Revenue guidance of $1.3-$1.4 billion was at or above expectations. Plexus Announces Fiscal Third Quarter Financial Results
• Positive Sentiment: Gross profit rose 27.2% to $131.4 million, operating profit increased 14.3% to $61.3 million, and cash and equivalents climbed 32.2% year over year to $314.1 million. Plexus Q3 2026 Earnings
• Neutral Sentiment: The earnings coverage contains differing figures because some reports emphasize non-GAAP results while others cite GAAP results. Investors are likely focusing on the quality of earnings and the gap between adjusted and reported profitability. Key Metrics for Plexus Q3 Earnings
• Negative Sentiment: GAAP earnings missed: Reported EPS was $1.58 versus the $2.13 consensus estimate, while net income attributable to common shareholders fell 4.7% year over year to $43.0 million. This likely offset the adjusted EPS beat. Plexus Quarterly Earnings Results
• Negative Sentiment: QuiverQuant reported no insider purchases and 43 insider sales during the past six months, including substantial selling by executives. While these transactions may reflect routine diversification, they could weigh on sentiment. Plexus Insider Trading Activity

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.