Wedge Capital Management L L P NC Purchases 3,300 Shares of Plexus Corp. $PLXS

Wedge Capital Management L L P NC boosted its holdings in shares of Plexus Corp. (NASDAQ:PLXS) by 15.7% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 24,370 shares of the technology company’s stock after buying an additional 3,300 shares during the period. Wedge Capital Management L L P NC’s holdings in Plexus were worth $7,327,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. AQR Capital Management LLC raised its stake in shares of Plexus by 103.1% in the 1st quarter. AQR Capital Management LLC now owns 8,384 shares of the technology company’s stock valued at $1,074,000 after buying an additional 4,255 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in shares of Plexus by 4.6% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 15,971 shares of the technology company’s stock valued at $2,046,000 after acquiring an additional 705 shares in the last quarter. United Services Automobile Association bought a new stake in Plexus in the first quarter valued at about $218,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in Plexus by 12.9% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 79,584 shares of the technology company’s stock valued at $10,197,000 after acquiring an additional 9,078 shares during the period. Finally, Cetera Investment Advisers acquired a new position in Plexus in the second quarter worth about $309,000. Institutional investors own 94.45% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have commented on PLXS. Needham & Company LLC raised their price target on shares of Plexus from $285.00 to $310.00 and gave the stock a “buy” rating in a research note on Monday, June 1st. Wall Street Zen upgraded Plexus from a “hold” rating to a “buy” rating in a research report on Saturday, May 2nd. Stifel Nicolaus boosted their price target on Plexus from $280.00 to $330.00 and gave the company a “buy” rating in a research note on Monday, June 22nd. Raymond James Financial reiterated an “outperform” rating and issued a $275.00 price target on shares of Plexus in a research report on Thursday, April 30th. Finally, Weiss Ratings cut Plexus from a “buy (b)” rating to a “buy (b-)” rating in a report on Tuesday. Six equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $273.00.

Plexus Price Performance

Shares of Plexus stock opened at $271.95 on Thursday. The company has a current ratio of 1.49, a quick ratio of 0.72 and a debt-to-equity ratio of 0.06. The stock has a market capitalization of $7.28 billion, a price-to-earnings ratio of 40.11 and a beta of 0.90. Plexus Corp. has a 1-year low of $126.86 and a 1-year high of $307.06. The firm’s 50-day moving average price is $272.93 and its two-hundred day moving average price is $239.49.

Plexus (NASDAQ:PLXS) last posted its earnings results on Wednesday, July 29th. The technology company reported $2.32 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.13 by $0.19. The company had revenue of $1.30 billion during the quarter, compared to analysts’ expectations of $1.23 billion. Plexus had a net margin of 4.03% and a return on equity of 12.46%. Plexus’s quarterly revenue was up 28.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.64 earnings per share. Plexus has set its Q4 2026 guidance at 2.470-2.630 EPS. On average, equities analysts predict that Plexus Corp. will post 6.73 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Plexus news, insider Michael J. Running sold 510 shares of the business’s stock in a transaction on Friday, June 5th. The stock was sold at an average price of $272.17, for a total value of $138,806.70. Following the transaction, the insider owned 665 shares of the company’s stock, valued at approximately $180,993.05. The trade was a 43.40% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Todd P. Kelsey sold 1,500 shares of the stock in a transaction on Wednesday, June 17th. The stock was sold at an average price of $294.98, for a total value of $442,470.00. Following the sale, the chief executive officer owned 68,888 shares in the company, valued at $20,320,582.24. The trade was a 2.13% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 5,510 shares of company stock valued at $1,525,182 over the last ninety days. Insiders own 1.78% of the company’s stock.

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.