Plexus Corp. $PLXS Shares Sold by Prudential Financial Inc.

Prudential Financial Inc. reduced its holdings in shares of Plexus Corp. (NASDAQ:PLXS) by 3.0% during the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 55,478 shares of the technology company’s stock after selling 1,692 shares during the period. Prudential Financial Inc.’s holdings in Plexus were worth $7,507,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its stake in shares of Plexus by 7.5% in the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 6,955 shares of the technology company’s stock valued at $941,000 after acquiring an additional 484 shares in the last quarter. Deutsche Bank AG grew its stake in Plexus by 22.8% during the 1st quarter. Deutsche Bank AG now owns 47,997 shares of the technology company’s stock worth $6,150,000 after purchasing an additional 8,921 shares in the last quarter. Ritholtz Wealth Management increased its holdings in Plexus by 109.8% during the 2nd quarter. Ritholtz Wealth Management now owns 4,660 shares of the technology company’s stock worth $631,000 after purchasing an additional 2,439 shares during the period. Acadian Asset Management LLC raised its position in Plexus by 666.3% in the 1st quarter. Acadian Asset Management LLC now owns 14,660 shares of the technology company’s stock valued at $1,876,000 after purchasing an additional 12,747 shares in the last quarter. Finally, Dynamic Technology Lab Private Ltd purchased a new position in shares of Plexus in the 2nd quarter valued at about $1,969,000. Hedge funds and other institutional investors own 94.45% of the company’s stock.

Insider Transactions at Plexus

In other Plexus news, CEO Todd P. Kelsey sold 2,000 shares of Plexus stock in a transaction that occurred on Tuesday, November 4th. The stock was sold at an average price of $143.50, for a total transaction of $287,000.00. Following the transaction, the chief executive officer owned 60,714 shares of the company’s stock, valued at $8,712,459. The trade was a 3.19% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CAO Angelo Michael Ninivaggi, Jr. sold 1,347 shares of the stock in a transaction that occurred on Wednesday, November 26th. The shares were sold at an average price of $144.93, for a total value of $195,220.71. Following the completion of the sale, the chief accounting officer directly owned 21,544 shares of the company’s stock, valued at $3,122,371.92. The trade was a 5.88% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 14,172 shares of company stock worth $2,013,815. 1.76% of the stock is owned by corporate insiders.

Plexus Trading Down 0.5%

NASDAQ PLXS opened at $143.12 on Friday. The firm’s fifty day moving average price is $143.36 and its 200 day moving average price is $136.96. Plexus Corp. has a 12 month low of $103.43 and a 12 month high of $172.89. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.58 and a quick ratio of 0.77. The company has a market capitalization of $3.83 billion, a price-to-earnings ratio of 22.86 and a beta of 0.80.

Plexus (NASDAQ:PLXS) last released its quarterly earnings data on Wednesday, October 22nd. The technology company reported $2.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.84 by $0.30. The company had revenue of $1.06 billion during the quarter, compared to the consensus estimate of $1.05 billion. Plexus had a net margin of 4.29% and a return on equity of 12.77%. Plexus’s revenue for the quarter was up .7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.85 earnings per share. Plexus has set its Q1 2026 guidance at 1.660-1.810 EPS. On average, sell-side analysts expect that Plexus Corp. will post 5.9 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

PLXS has been the topic of a number of recent research reports. Weiss Ratings restated a “hold (c+)” rating on shares of Plexus in a research note on Wednesday, October 8th. Williams Trading set a $165.00 price objective on shares of Plexus in a research report on Monday, September 22nd. Wall Street Zen cut shares of Plexus from a “buy” rating to a “hold” rating in a research report on Saturday, November 22nd. Sidoti lowered Plexus from a “buy” rating to a “neutral” rating and set a $150.00 target price on the stock. in a report on Friday, October 24th. Finally, Stifel Nicolaus set a $150.00 price target on Plexus in a report on Friday, October 24th. Two research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $159.00.

Plexus 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.