Geode Capital Management LLC Increases Stock Holdings in Plexus Corp. $PLXS

Geode Capital Management LLC raised its stake in Plexus Corp. (NASDAQ:PLXS) by 0.6% during the 4th quarter, HoldingsChannel reports. The firm owned 672,614 shares of the technology company’s stock after acquiring an additional 4,054 shares during the period. Geode Capital Management LLC’s holdings in Plexus were worth $98,890,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently modified their holdings of the stock. Vanguard Group Inc. lifted its holdings in shares of Plexus by 0.6% during the third quarter. Vanguard Group Inc. now owns 3,683,845 shares of the technology company’s stock worth $533,016,000 after purchasing an additional 22,374 shares during the period. American Century Companies Inc. lifted its holdings in shares of Plexus by 44.2% during the third quarter. American Century Companies Inc. now owns 1,103,892 shares of the technology company’s stock worth $159,722,000 after purchasing an additional 338,119 shares during the period. State Street Corp lifted its holdings 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 purchasing an additional 24,115 shares during the period. BNP PARIBAS ASSET MANAGEMENT Holding S.A. lifted its holdings in shares of Plexus by 4.0% during the third quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 915,296 shares of the technology company’s stock worth $132,434,000 after purchasing an additional 35,237 shares during the period. Finally, Northern Trust Corp lifted its holdings in shares of Plexus by 1.5% during the third quarter. Northern Trust Corp now owns 340,964 shares of the technology company’s stock worth $49,334,000 after purchasing an additional 4,929 shares during the period. 94.45% of the stock is owned by institutional investors and hedge funds.

Plexus Trading Down 4.0%

NASDAQ:PLXS opened at $273.01 on Friday. The stock has a fifty day moving average price of $245.12 and a two-hundred day moving average price of $199.30. The stock has a market capitalization of $7.31 billion, a price-to-earnings ratio of 39.91 and a beta of 0.89. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.74 and a current ratio of 1.54. Plexus Corp. has a 1 year low of $115.35 and a 1 year high of $292.33.

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

Analyst Ratings Changes

Several brokerages recently weighed in on PLXS. Wall Street Zen raised Plexus from a “hold” rating to a “buy” rating in a report on Saturday, May 2nd. Weiss Ratings raised Plexus from a “buy (b-)” rating to a “buy (b)” rating in a report on Monday, May 11th. Benchmark reaffirmed a “buy” rating and set a $220.00 price target on shares of Plexus in a report on Monday, March 16th. Stifel Nicolaus set a $280.00 price target on Plexus in a report on Tuesday, May 26th. Finally, Needham & Company LLC increased their price target on Plexus from $285.00 to $310.00 and gave the stock a “buy” rating in a report on Monday, June 1st. Five equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $238.33.

Insiders Place Their Bets

In other Plexus news, insider Victor (Pang Hau) Tan sold 3,000 shares of the stock in a transaction on Monday, May 11th. The stock was sold at an average price of $271.23, for a total value of $813,690.00. Following the completion of the transaction, the insider owned 10,457 shares in the company, valued at approximately $2,836,252.11. This represents a 22.29% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Todd P. Kelsey sold 3,000 shares of Plexus stock in a transaction on Tuesday, May 5th. The stock was sold at an average price of $268.45, for a total value of $805,350.00. Following the transaction, the chief executive officer directly owned 74,888 shares of the company’s stock, valued at approximately $20,103,683.60. This represents a 3.85% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last quarter, insiders sold 21,471 shares of company stock worth $5,565,401. 1.78% of the stock is owned by corporate insiders.

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.