Plexus Corp. $PLXS Shares Purchased by Inspire Investing LLC

Inspire Investing LLC raised its holdings in shares of Plexus Corp. (NASDAQ:PLXS) by 7.4% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,881 shares of the technology company’s stock after buying an additional 199 shares during the period. Inspire Investing LLC’s holdings in Plexus were worth $390,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Xponance Inc. lifted its position in Plexus by 4.8% during the first quarter. Xponance Inc. now owns 2,315 shares of the technology company’s stock valued at $297,000 after buying an additional 106 shares in the last quarter. Fox Run Management L.L.C. boosted its holdings in Plexus by 7.2% in the 1st quarter. Fox Run Management L.L.C. now owns 2,017 shares of the technology company’s stock worth $258,000 after acquiring an additional 135 shares during the period. TD Private Client Wealth LLC boosted its holdings in Plexus by 31.5% in the 2nd quarter. TD Private Client Wealth LLC now owns 676 shares of the technology company’s stock worth $91,000 after acquiring an additional 162 shares during the period. Diversified Trust Co boosted its holdings in Plexus by 4.7% in the 2nd quarter. Diversified Trust Co now owns 4,051 shares of the technology company’s stock worth $548,000 after acquiring an additional 183 shares during the period. Finally, Nisa Investment Advisors LLC boosted its holdings in Plexus by 1.6% in the 1st quarter. Nisa Investment Advisors LLC now owns 12,773 shares of the technology company’s stock worth $1,637,000 after acquiring an additional 205 shares during the period. 94.45% of the stock is owned by institutional investors and hedge funds.

Plexus Stock Performance

Plexus stock opened at $139.94 on Wednesday. The stock has a market cap of $3.78 billion, a P/E ratio of 23.84 and a beta of 0.80. The company has a current ratio of 1.58, a quick ratio of 0.74 and a debt-to-equity ratio of 0.06. The stock has a 50 day moving average of $138.16 and a 200-day moving average of $132.32. Plexus Corp. has a 52 week low of $103.43 and a 52 week high of $172.89.

Plexus (NASDAQ:PLXS) last released its earnings results on Wednesday, July 23rd. The technology company reported $1.90 EPS for the quarter, beating the consensus estimate of $1.71 by $0.19. The company had revenue of $1.02 billion during the quarter, compared to analysts’ expectations of $1.02 billion. Plexus had a return on equity of 12.33% and a net margin of 4.04%.The business’s revenue was up 6.0% on a year-over-year basis. During the same period in the prior year, the business posted $1.45 EPS. Plexus has set its Q4 2025 guidance at 1.820-1.970 EPS. On average, analysts expect that Plexus Corp. will post 5.9 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research firms have weighed in on PLXS. Sidoti upgraded Plexus from a “neutral” rating to a “buy” rating and upped their price target for the stock from $135.00 to $150.00 in a report on Friday, July 25th. Wall Street Zen upgraded Plexus from a “buy” rating to a “strong-buy” rating in a report on Saturday. Weiss Ratings restated a “hold (c+)” rating on shares of Plexus in a report on Wednesday, October 8th. Needham & Company LLC decreased their price target on Plexus from $162.00 to $158.00 and set a “buy” rating for the company in a report on Thursday, July 24th. Finally, Benchmark upped their price target on Plexus from $160.00 to $165.00 and gave the stock a “buy” rating in a report on Monday, September 22nd. Three research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $155.60.

Insider Buying and Selling at Plexus

In related news, insider Victor (Pang Hau) Tan sold 3,000 shares of the company’s stock in a transaction that occurred on Thursday, August 28th. The stock was sold at an average price of $139.00, for a total transaction of $417,000.00. Following the sale, the insider directly owned 8,723 shares of the company’s stock, valued at approximately $1,212,497. This represents a 25.59% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, COO Oliver K. Mihm sold 2,102 shares of the company’s stock in a transaction that occurred on Friday, August 15th. The shares were sold at an average price of $130.43, for a total value of $274,163.86. Following the sale, the chief operating officer directly owned 21,155 shares in the company, valued at approximately $2,759,246.65. This represents a 9.04% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 15,856 shares of company stock worth $2,142,440. 1.76% of the stock is owned by insiders.

Plexus Company Profile

Plexus Corp. provides electronic manufacturing services in the United States and internationally. It offers design, develop, supply chain, new product introduction, and manufacturing solutions, as well as sustaining services to companies in the healthcare/life sciences, industrial/commercial, aerospace/defense, and communications market sectors.