Renaissance Technologies LLC Acquires Shares of 34,893 Plexus Corp. $PLXS

Posted by George Bondi on Aug 5th, 2026

Renaissance Technologies LLC bought a new position in shares of Plexus Corp. (NASDAQ:PLXS – Free Report) in the first quarter, Holdings Channel reports. The firm bought 34,893 shares of the technology company’s stock, valued at approximately $7,067,000.

Several other institutional investors and hedge funds also recently made changes to their positions in PLXS. Covestor Ltd boosted its position in shares of Plexus by 207.7% in the 4th quarter. Covestor Ltd now owns 240 shares of the technology company’s stock worth $35,000 after purchasing an additional 162 shares during the last quarter. Allworth Financial LP increased its holdings in Plexus by 20.8% in the fourth quarter. Allworth Financial LP now owns 302 shares of the technology company’s stock valued at $44,000 after purchasing an additional 52 shares during the last quarter. Johnson Financial Group Inc. bought a new stake in Plexus in the third quarter valued at about $72,000. Farther Finance Advisors LLC lifted its stake in Plexus by 114.7% in the fourth quarter. Farther Finance Advisors LLC now owns 511 shares of the technology company’s stock valued at $75,000 after buying an additional 273 shares during the period. Finally, EverSource Wealth Advisors LLC lifted its stake in Plexus by 583.3% in the second 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. Institutional investors own 94.45% of the company’s stock.

Insider Transactions at Plexus

In related news, CEO Todd P. Kelsey sold 1,500 shares of the stock in a transaction dated Wednesday, June 17th. The stock was sold at an average price of $294.98, for a total transaction of $442,470.00. Following the completion of the transaction, the chief executive officer directly owned 68,888 shares in the company, valued at approximately $20,320,582.24. This trade represents a 2.13% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Victor (Pang Hau) Tan sold 3,000 shares of the stock in a transaction dated Monday, May 11th. The stock was sold at an average price of $271.23, for a total value of $813,690.00. Following the transaction, the insider owned 10,457 shares of the company’s stock, valued at approximately $2,836,252.11. The trade was a 22.29% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last quarter, insiders sold 14,078 shares of company stock worth $3,808,955. Company insiders own 1.78% of the company’s stock.

Plexus Stock Up 6.1%

Plexus stock opened at $276.79 on Wednesday. The company has a 50 day moving average of $273.33 and a 200-day moving average of $235.67. The company has a quick ratio of 0.72, a current ratio of 1.49 and a debt-to-equity ratio of 0.06. Plexus Corp. has a twelve month low of $126.86 and a twelve month high of $307.06. The stock has a market capitalization of $7.41 billion, a PE ratio of 40.82 and a beta of 0.90.

Plexus (NASDAQ:PLXS – Get Free Report) last issued its quarterly earnings data on Wednesday, July 29th. The technology company reported $2.32 EPS for the quarter, topping analysts’ consensus estimates of $2.13 by $0.19. The business had revenue of $1.30 billion for the quarter, compared to analyst estimates of $1.23 billion. Plexus had a net margin of 4.03% and a return on equity of 12.46%. The firm’s quarterly revenue was up 28.2% on a year-over-year basis. During the same period last year, the business posted $1.64 earnings per share. Plexus has set its Q4 2026 guidance at 2.470-2.630 EPS. On average, equities research analysts anticipate that Plexus Corp. will post 5.98 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the company. Needham & Company LLC boosted their target price on Plexus from $285.00 to $310.00 and gave the stock a “buy” rating in a research report on Monday, June 1st. Sidoti upgraded shares of Plexus from a “neutral” rating to a “buy” rating and set a $308.00 price target on the stock in a research report on Friday, July 31st. Zacks Research upgraded shares of Plexus from a “strong sell” rating to a “hold” rating in a research report on Monday, July 13th. Wall Street Zen raised shares of Plexus from a “hold” rating to a “buy” rating in a research note on Saturday, May 2nd. Finally, Stifel Nicolaus boosted their price objective on shares of Plexus from $280.00 to $330.00 and gave the company a “buy” rating in a report on Monday, June 22nd. Six equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $273.00.

Get Our Latest Report on PLXS

About Plexus

(Free Report)

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.