Legato Capital Management LLC Has $352,000 Stake in Plexus Corp. $PLXS

Legato Capital Management LLC decreased its holdings in shares of Plexus Corp. (NASDAQ:PLXS) by 48.9% in the 4th quarter, Holdings Channel reports. The fund owned 2,392 shares of the technology company’s stock after selling 2,290 shares during the period. Legato Capital Management LLC’s holdings in Plexus were worth $352,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of PLXS. Covestor Ltd raised its stake in Plexus by 207.7% during the fourth quarter. Covestor Ltd now owns 240 shares of the technology company’s stock worth $35,000 after acquiring an additional 162 shares in the last quarter. Allworth Financial LP raised its stake in Plexus by 70.1% during the third quarter. Allworth Financial LP now owns 250 shares of the technology company’s stock worth $36,000 after acquiring an additional 103 shares in the last quarter. Johnson Financial Group Inc. acquired a new position in Plexus during the third quarter worth about $72,000. Farther Finance Advisors LLC raised its stake in Plexus by 114.7% during the fourth quarter. Farther Finance Advisors LLC now owns 511 shares of the technology company’s stock worth $75,000 after acquiring an additional 273 shares in the last quarter. Finally, EverSource Wealth Advisors LLC raised its stake in Plexus by 583.3% during the second quarter. EverSource Wealth Advisors LLC now owns 574 shares of the technology company’s stock worth $78,000 after acquiring an additional 490 shares in the last quarter. Institutional investors and hedge funds own 94.45% of the company’s stock.

Insider Buying and Selling

In related news, EVP Angelo Michael Ninivaggi, Jr. sold 3,270 shares of the company’s stock in a transaction that occurred on Friday, May 8th. The stock was sold at an average price of $264.75, for a total value of $865,732.50. Following the sale, the executive vice president directly owned 16,266 shares in the company, valued at $4,306,423.50. This represents a 16.74% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Todd P. Kelsey sold 1,500 shares of the company’s stock in a transaction that occurred on Wednesday, May 20th. The shares were sold at an average price of $252.77, for a total value of $379,155.00. Following the completion of the sale, the chief executive officer owned 72,388 shares in the company, valued at $18,297,514.76. The trade was a 2.03% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders have sold 19,971 shares of company stock valued at $5,098,446. Insiders own 1.78% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on PLXS shares. Needham & Company LLC boosted their price target on Plexus from $206.00 to $285.00 and gave the stock a “buy” rating in a report on Friday, May 1st. Williams Trading set a $195.00 price target on Plexus in a report on Wednesday, January 28th. Benchmark restated a “buy” rating and set a $220.00 price target on shares of Plexus in a report on Monday, March 16th. Stifel Nicolaus set a $280.00 price target on Plexus in a report on Tuesday. Finally, Raymond James Financial restated an “outperform” rating and set a $275.00 price target on shares of Plexus in a report on Thursday, April 30th. Five investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $234.17.

Plexus Stock Performance

NASDAQ:PLXS opened at $268.26 on Thursday. The stock has a market cap of $7.18 billion, a P/E ratio of 39.22 and a beta of 0.88. The company has a current ratio of 1.54, a quick ratio of 0.74 and a debt-to-equity ratio of 0.06. The stock’s 50-day moving average is $234.90 and its 200-day moving average is $193.15. Plexus Corp. has a 1-year low of $115.35 and a 1-year high of $275.83.

Plexus (NASDAQ:PLXS) last released its quarterly earnings results on Wednesday, April 29th. The technology company reported $2.05 earnings per share for the quarter, topping the consensus estimate of $1.87 by $0.18. Plexus had a return on equity of 12.84% and a net margin of 4.35%.The company had revenue of $1.16 billion for the quarter, compared to analysts’ expectations of $1.13 billion. During the same period in the previous year, the business posted $1.66 earnings per share. The business’s quarterly revenue was up 18.7% compared to the same quarter last year. Plexus has set its Q3 2026 guidance at 2.020-2.180 EPS. Equities research analysts anticipate that Plexus Corp. will post 5.98 earnings per share for the current year.

About Plexus

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.