Farrow Financial Inc. Lowers Position in Plexus Corp. $PLXS

Farrow Financial Inc. trimmed its position in shares of Plexus Corp. (NASDAQ:PLXS) by 13.4% during the 2nd quarter, HoldingsChannel.com reports. The fund owned 17,745 shares of the technology company’s stock after selling 2,749 shares during the period. Plexus makes up approximately 1.5% of Farrow Financial Inc.’s holdings, making the stock its 29th largest holding. Farrow Financial Inc.’s holdings in Plexus were worth $2,401,000 as of its most recent filing with the SEC.

Other institutional investors have also recently made changes to their positions in the company. BNP PARIBAS ASSET MANAGEMENT Holding S.A. lifted its stake in shares of Plexus by 0.6% in the 1st quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 975,612 shares of the technology company’s stock valued at $125,005,000 after purchasing an additional 6,257 shares during the period. American Century Companies Inc. raised its holdings in Plexus by 24.7% in the first quarter. American Century Companies Inc. now owns 678,222 shares of the technology company’s stock worth $86,901,000 after purchasing an additional 134,205 shares in the last quarter. Fuller & Thaler Asset Management Inc. lifted its position in Plexus by 120.4% during the first quarter. Fuller & Thaler Asset Management Inc. now owns 348,510 shares of the technology company’s stock valued at $44,655,000 after buying an additional 190,360 shares during the period. Bank of New York Mellon Corp boosted its holdings in shares of Plexus by 1.8% during the 2nd quarter. Bank of New York Mellon Corp now owns 240,635 shares of the technology company’s stock valued at $32,560,000 after buying an additional 4,339 shares in the last quarter. Finally, Millennium Management LLC boosted its holdings in shares of Plexus by 85.1% during the 1st quarter. Millennium Management LLC now owns 228,116 shares of the technology company’s stock valued at $29,229,000 after buying an additional 104,904 shares in the last quarter. Institutional investors own 94.45% of the company’s stock.

Plexus Stock Up 0.5%

Shares of Plexus stock opened at $140.37 on Monday. The company has a 50-day simple moving average of $143.19 and a two-hundred day simple moving average of $136.19. The stock has a market capitalization of $3.79 billion, a PE ratio of 22.42 and a beta of 0.80. Plexus Corp. has a 52-week low of $103.43 and a 52-week high of $172.89. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.77 and a current ratio of 1.58.

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

Insiders Place Their Bets

In related news, CAO Angelo Michael Ninivaggi, Jr. sold 1,576 shares of Plexus stock in a transaction dated Monday, August 25th. The stock was sold at an average price of $137.78, for a total value of $217,141.28. Following the completion of the sale, the chief accounting officer directly owned 24,495 shares in the company, valued at approximately $3,374,921.10. This trade represents a 6.05% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Victor (Pang Hau) Tan sold 3,000 shares of the company’s stock in a transaction dated Thursday, August 28th. The shares were sold at an average price of $139.00, for a total transaction of $417,000.00. Following the transaction, the insider owned 8,723 shares in the company, valued at $1,212,497. This represents a 25.59% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 17,574 shares of company stock worth $2,463,831 in the last 90 days. 1.76% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

PLXS has been the topic of a number of recent research reports. Wall Street Zen downgraded shares of Plexus from a “strong-buy” rating to a “buy” rating in a research report on Sunday, October 19th. Weiss Ratings restated a “hold (c+)” rating on shares of Plexus in a report on Wednesday, October 8th. Williams Trading set a $165.00 target price on shares of Plexus in a report on Monday, September 22nd. Sidoti cut Plexus from a “buy” rating to a “neutral” rating and set a $150.00 price target on the stock. in a research report on Friday, October 24th. Finally, Stifel Nicolaus set a $150.00 price objective on Plexus in a research 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. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $159.00.

About Plexus

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.