Dimensional Fund Advisors LP reduced its position in shares of Plexus Corp. (NASDAQ:PLXS – Free Report) by 18.5% in the 1st quarter, Holdings Channel.com reports. The firm owned 1,119,371 shares of the technology company’s stock after selling 254,086 shares during the period. Dimensional Fund Advisors LP’s holdings in Plexus were worth $226,700,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also recently modified their holdings of PLXS. Inspire Investing LLC increased its holdings in Plexus by 1.6% in the fourth quarter. Inspire Investing LLC now owns 3,178 shares of the technology company’s stock valued at $467,000 after buying an additional 50 shares during the last quarter. Allworth Financial LP lifted its holdings in Plexus by 20.8% during the 4th quarter. Allworth Financial LP now owns 302 shares of the technology company’s stock worth $44,000 after buying an additional 52 shares during the last quarter. Maryland State Retirement & Pension System lifted its holdings in Plexus by 1.5% during the 4th quarter. Maryland State Retirement & Pension System now owns 3,940 shares of the technology company’s stock worth $579,000 after buying an additional 60 shares during the last quarter. Oregon Public Employees Retirement Fund boosted its position in shares of Plexus by 1.2% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 6,175 shares of the technology company’s stock worth $908,000 after acquiring an additional 71 shares in the last quarter. Finally, Uncommon Cents Investing LLC boosted its position in shares of Plexus by 0.8% during the 4th quarter. Uncommon Cents Investing LLC now owns 9,925 shares of the technology company’s stock worth $1,459,000 after acquiring an additional 75 shares in the last quarter. Institutional investors and hedge funds own 94.45% of the company’s stock.
Insider Buying and Selling
In other Plexus news, insider Victor (Pang Hau) Tan sold 3,000 shares of the business’s stock in a transaction that occurred on Monday, May 11th. The stock was sold at an average price of $271.23, for a total value of $813,690.00. Following the completion of the sale, the insider owned 10,457 shares in the company, valued at approximately $2,836,252.11. The trade was a 22.29% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Todd P. Kelsey sold 3,000 shares of the stock in a transaction that occurred on Tuesday, May 5th. The shares were sold at an average price of $268.45, for a total value of $805,350.00. Following the completion of the sale, the chief executive officer directly owned 74,888 shares of the company’s stock, valued at $20,103,683.60. The trade was a 3.85% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 20,481 shares of company stock worth $5,519,183 in the last quarter. 1.78% of the stock is owned by insiders.
Analyst Upgrades and Downgrades
Check Out Our Latest Analysis on Plexus
Plexus Stock Performance
NASDAQ PLXS opened at $261.71 on Friday. The company has a fifty day moving average of $274.48 and a two-hundred day moving average of $230.44. The company has a market capitalization of $7.00 billion, a PE ratio of 38.26 and a beta of 0.88. Plexus Corp. has a 1 year low of $115.35 and a 1 year high of $307.06. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.54 and a quick ratio of 0.74.
Plexus (NASDAQ:PLXS – Get Free Report) last posted its earnings results on Wednesday, April 29th. The technology company reported $2.05 EPS for the quarter, topping analysts’ consensus estimates of $1.87 by $0.18. Plexus had a return on equity of 12.84% and a net margin of 4.35%.The business had revenue of $1.16 billion for the quarter, compared to analysts’ expectations of $1.13 billion. During the same quarter in the previous year, the firm earned $1.66 earnings per share. The business’s 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. As a group, analysts expect that Plexus Corp. will post 5.98 earnings per share for the current year.
Plexus Profile
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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