Louisiana State Employees Retirement System Purchases Shares of 11,900 Plexus Corp. $PLXS

Louisiana State Employees Retirement System acquired a new position in Plexus Corp. (NASDAQ:PLXS) during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 11,900 shares of the technology company’s stock, valued at approximately $2,410,000.

Several other hedge funds have also recently added to or reduced their stakes in PLXS. Inspire Investing LLC grew its holdings in Plexus by 1.6% in the 4th quarter. Inspire Investing LLC now owns 3,178 shares of the technology company’s stock valued at $467,000 after buying an additional 50 shares during the last quarter. Allworth Financial LP boosted its position in shares of Plexus by 20.8% in the fourth quarter. Allworth Financial LP now owns 302 shares of the technology company’s stock valued at $44,000 after acquiring an additional 52 shares during the period. Maryland State Retirement & Pension System grew its stake in shares of Plexus by 1.5% in the fourth quarter. Maryland State Retirement & Pension System now owns 3,940 shares of the technology company’s stock worth $579,000 after acquiring an additional 60 shares during the last quarter. Oregon Public Employees Retirement Fund increased its position in Plexus by 1.2% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 6,175 shares of the technology company’s stock worth $908,000 after acquiring an additional 71 shares during the period. Finally, Uncommon Cents Investing LLC raised its stake in Plexus by 0.8% during the 4th quarter. Uncommon Cents Investing LLC now owns 9,925 shares of the technology company’s stock valued at $1,459,000 after purchasing an additional 75 shares during the last quarter. Institutional investors own 94.45% of the company’s stock.

Plexus Stock Up 0.1%

Shares of NASDAQ PLXS opened at $287.80 on Tuesday. The stock has a market cap of $7.70 billion, a PE ratio of 42.08 and a beta of 0.89. The business has a fifty day moving average of $270.15 and a two-hundred day moving average of $216.29. Plexus Corp. has a 52-week low of $115.35 and a 52-week high of $307.06. 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 (NASDAQ:PLXS) last issued its earnings results on Wednesday, April 29th. The technology company reported $2.05 EPS for the quarter, beating the consensus estimate of $1.87 by $0.18. The company had revenue of $1.16 billion for the quarter, compared to the consensus estimate of $1.13 billion. Plexus had a net margin of 4.35% and a return on equity of 12.84%. The firm’s revenue for the quarter was up 18.7% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.66 EPS. Plexus has set its Q3 2026 guidance at 2.020-2.180 EPS. As a group, equities research analysts expect that Plexus Corp. will post 5.98 earnings per share for the current fiscal year.

Insider Buying and Selling at Plexus

In other news, insider Victor (Pang Hau) Tan sold 3,000 shares of the firm’s stock in a transaction that occurred on Monday, May 11th. The shares were sold at an average price of $271.23, for a total transaction of $813,690.00. Following the completion of the sale, the insider owned 10,457 shares of the company’s stock, valued at approximately $2,836,252.11. This trade represents a 22.29% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP Angelo Michael Ninivaggi, Jr. sold 3,270 shares of Plexus 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 of the company’s stock, valued at $4,306,423.50. This trade represents a 16.74% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 21,981 shares of company stock worth $5,855,318 over the last ninety days. Corporate insiders own 1.78% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have issued reports on PLXS shares. Zacks Research lowered shares of Plexus from a “hold” rating to a “strong sell” rating in a research report on Wednesday, May 20th. Wall Street Zen raised Plexus from a “hold” rating to a “buy” rating in a research report on Saturday, May 2nd. Needham & Company LLC upped their price target on Plexus from $285.00 to $310.00 and gave the company a “buy” rating in a report on Monday, June 1st. Benchmark reiterated a “buy” rating and issued a $220.00 price objective on shares of Plexus in a research report on Monday, March 16th. Finally, Stifel Nicolaus lifted their price objective on Plexus from $280.00 to $330.00 and gave the stock a “buy” rating in a report on Monday, June 22nd. Five 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 company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $246.67.

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.