Plexus Corp. $PLXS Stock Holdings Lifted by Principal Financial Group Inc.

Principal Financial Group Inc. increased its position in shares of Plexus Corp. (NASDAQ:PLXS) by 2.3% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 153,392 shares of the technology company’s stock after acquiring an additional 3,477 shares during the quarter. Principal Financial Group Inc. owned 0.57% of Plexus worth $31,068,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in PLXS. Covestor Ltd boosted its stake in Plexus by 207.7% in the 4th quarter. Covestor Ltd now owns 240 shares of the technology company’s stock worth $35,000 after purchasing an additional 162 shares during the period. Allworth Financial LP raised its stake in Plexus by 70.1% during the 3rd quarter. Allworth Financial LP now owns 250 shares of the technology company’s stock valued at $36,000 after purchasing an additional 103 shares during the period. Johnson Financial Group Inc. purchased a new stake in shares of Plexus in the third quarter valued at $72,000. Farther Finance Advisors LLC lifted its holdings in shares of Plexus by 114.7% in the fourth quarter. Farther Finance Advisors LLC now owns 511 shares of the technology company’s stock valued at $75,000 after purchasing an additional 273 shares in the last quarter. Finally, EverSource Wealth Advisors LLC lifted its holdings in shares of Plexus by 583.3% in the second quarter. EverSource Wealth Advisors LLC now owns 574 shares of the technology company’s stock valued at $78,000 after purchasing an additional 490 shares in the last quarter. Institutional investors and hedge funds own 94.45% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently weighed in on PLXS shares. Needham & Company LLC lifted 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. Zacks Research upgraded Plexus from a “strong sell” rating to a “hold” rating in a research report on Monday, July 13th. Weiss Ratings upgraded Plexus from a “buy (b-)” rating to a “buy (b)” rating in a research report on Monday, July 6th. Raymond James Financial reaffirmed an “outperform” rating and set a $275.00 target price on shares of Plexus in a research note on Thursday, April 30th. Finally, Stifel Nicolaus upped their target price on Plexus from $280.00 to $330.00 and gave the company a “buy” rating in a report on Monday, June 22nd. Five equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, Plexus currently has an average rating of “Moderate Buy” and an average price target of $246.67.

Plexus Stock Performance

Shares of NASDAQ:PLXS opened at $250.63 on Monday. The firm has a fifty day moving average of $275.00 and a two-hundred day moving average of $227.35. The firm has a market capitalization of $6.71 billion, a P/E ratio of 36.64 and a beta of 0.88. Plexus Corp. has a 12-month low of $115.35 and a 12-month high of $307.06. 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 (NASDAQ:PLXS) last posted its quarterly earnings results on Wednesday, April 29th. The technology company reported $2.05 earnings per share for the quarter, topping 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 the consensus estimate of $1.13 billion. During the same period in the prior year, the business posted $1.66 earnings per share. Plexus’s revenue for the quarter was up 18.7% compared to the same quarter last year. Plexus has set its Q3 2026 guidance at 2.020-2.180 EPS. On average, equities analysts expect that Plexus Corp. will post 5.98 EPS for the current fiscal year.

Insider Buying and Selling at Plexus

In other news, insider Victor (Pang Hau) Tan sold 3,000 shares of Plexus stock in a transaction dated 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 sale, the insider directly owned 10,457 shares in the company, valued at $2,836,252.11. The trade was a 22.29% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Todd P. Kelsey sold 3,000 shares of the business’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 completion of the sale, the chief executive officer directly owned 74,888 shares of the company’s stock, valued at approximately $20,103,683.60. The trade was a 3.85% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 20,481 shares of company stock worth $5,519,183 over the last 90 days. 1.78% of the stock is currently owned by corporate insiders.

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.