Argos Wealth Advisors LLC acquired a new position in Plexus Corp. (NASDAQ:PLXS – Free Report) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 5,711 shares of the technology company’s stock, valued at approximately $840,000.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in PLXS. Allworth Financial LP boosted its stake in Plexus by 70.1% in the 3rd quarter. Allworth Financial LP now owns 250 shares of the technology company’s stock worth $36,000 after purchasing an additional 103 shares during the period. Johnson Financial Group Inc. acquired a new position in Plexus in the 3rd quarter worth approximately $72,000. Farther Finance Advisors LLC boosted its stake in Plexus by 114.7% in the 4th quarter. Farther Finance Advisors LLC now owns 511 shares of the technology company’s stock worth $75,000 after purchasing an additional 273 shares during the period. EverSource Wealth Advisors LLC boosted its stake in shares of Plexus by 583.3% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 574 shares of the technology company’s stock valued at $78,000 after buying an additional 490 shares during the period. Finally, Smartleaf Asset Management LLC boosted its stake in shares of Plexus by 33.0% during the 3rd quarter. Smartleaf Asset Management LLC now owns 806 shares of the technology company’s stock valued at $115,000 after buying an additional 200 shares during the period. Institutional investors and hedge funds own 94.45% of the company’s stock.
Analyst Upgrades and Downgrades
A number of equities research analysts have issued reports on PLXS shares. Weiss Ratings raised shares of Plexus from a “buy (b-)” rating to a “buy (b)” rating in a research note on Monday. Raymond James Financial reissued an “outperform” rating and set a $275.00 target price on shares of Plexus in a research note on Thursday, April 30th. Wall Street Zen raised shares of Plexus from a “hold” rating to a “buy” rating in a research note on Saturday, May 2nd. Stifel Nicolaus set a $250.00 target price on shares of Plexus and gave the company a “buy” rating in a research note on Monday, April 20th. Finally, Zacks Research lowered shares of Plexus from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 13th. Five investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $229.17.
Insider Activity
In related news, COO Oliver K. Mihm sold 9,541 shares of Plexus stock in a transaction on Wednesday, February 18th. The shares were sold at an average price of $201.40, for a total value of $1,921,557.40. Following the transaction, the chief operating officer owned 12,809 shares in the company, valued at $2,579,732.60. This trade represents a 42.69% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Todd P. Kelsey sold 5,231 shares of Plexus stock in a transaction on Wednesday, February 18th. The stock was sold at an average price of $195.78, for a total transaction of $1,024,125.18. Following the completion of the transaction, the chief executive officer owned 83,291 shares in the company, valued at $16,306,711.98. This trade represents a 5.91% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 36,189 shares of company stock worth $8,048,748. Insiders own 1.78% of the company’s stock.
Plexus Stock Down 2.7%
Plexus stock opened at $264.49 on Wednesday. The company has a market capitalization of $7.08 billion, a P/E ratio of 38.67 and a beta of 0.88. The firm’s fifty day simple moving average is $219.71 and its 200-day simple moving average is $183.95. The company has a current ratio of 1.54, a quick ratio of 0.74 and a debt-to-equity ratio of 0.06. Plexus Corp. has a 1-year low of $115.35 and a 1-year high of $275.83.
Plexus (NASDAQ:PLXS – Get Free Report) last released its quarterly earnings results on Wednesday, April 29th. The technology company reported $2.05 earnings per share for the quarter, beating analysts’ consensus estimates of $1.87 by $0.18. The business had revenue of $1.16 billion for the quarter, compared to the consensus estimate of $1.13 billion. Plexus had a net margin of 4.35% and a return on equity of 12.84%. Plexus’s revenue for the quarter was up 18.7% on a year-over-year basis. During the same quarter last year, the firm earned $1.66 EPS. Plexus has set its Q3 2026 guidance at 2.020-2.180 EPS. Sell-side analysts forecast that Plexus Corp. will post 6.23 earnings per share for the current fiscal 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.
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