Moran Wealth Management LLC Decreases Stock Position in Plexus Corp. $PLXS

Moran Wealth Management LLC reduced its position in Plexus Corp. (NASDAQ:PLXS) by 6.5% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 36,916 shares of the technology company’s stock after selling 2,570 shares during the quarter. Moran Wealth Management LLC’s holdings in Plexus were worth $5,427,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also bought and sold shares of PLXS. American Century Companies Inc. increased its position in Plexus by 44.2% in the third quarter. American Century Companies Inc. now owns 1,103,892 shares of the technology company’s stock worth $159,722,000 after buying an additional 338,119 shares during the last quarter. Balyasny Asset Management L.P. purchased a new stake in Plexus in the third quarter worth $12,509,000. Arrowstreet Capital Limited Partnership increased its position in Plexus by 965.0% in the third quarter. Arrowstreet Capital Limited Partnership now owns 80,890 shares of the technology company’s stock worth $11,704,000 after buying an additional 73,295 shares during the last quarter. Qube Research & Technologies Ltd increased its position in Plexus by 37.1% in the second quarter. Qube Research & Technologies Ltd now owns 242,726 shares of the technology company’s stock worth $32,843,000 after buying an additional 65,644 shares during the last quarter. Finally, Bank of America Corp DE increased its position in Plexus by 53.6% in the second quarter. Bank of America Corp DE now owns 177,237 shares of the technology company’s stock worth $23,982,000 after buying an additional 61,817 shares during the last quarter. 94.45% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on the company. Benchmark reissued a “buy” rating and issued a $220.00 target price on shares of Plexus in a research report on Monday, March 16th. Williams Trading set a $195.00 target price on Plexus in a research report on Wednesday, January 28th. Stifel Nicolaus raised their price target on Plexus from $150.00 to $200.00 and gave the stock a “hold” rating in a report on Friday, January 30th. Weiss Ratings raised Plexus from a “hold (c+)” rating to a “buy (b-)” rating in a report on Friday, March 6th. Finally, Needham & Company LLC raised their price target on Plexus from $165.00 to $206.00 and gave the stock a “buy” rating in a report on Friday, January 30th. Three analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $194.20.

Insider Activity at Plexus

In related news, insider Frank Zycinski sold 1,399 shares of Plexus stock in a transaction on Thursday, February 12th. The stock was sold at an average price of $205.99, for a total transaction of $288,180.01. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Todd P. Kelsey sold 1,500 shares of Plexus stock in a transaction on Wednesday, April 15th. The shares were sold at an average price of $224.09, for a total value of $336,135.00. Following the sale, the chief executive officer directly owned 80,291 shares of the company’s stock, valued at $17,992,410.19. This represents a 1.83% 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 50,995 shares of company stock valued at $10,345,971 in the last ninety days. 1.78% of the stock is currently owned by corporate insiders.

Key Plexus News

Here are the key news stories impacting Plexus this week:

• Positive Sentiment: Plexus hit a fresh high on Nasdaq momentum, which can attract momentum traders and support near‑term upside. Plexus (NASDAQ:PLXS) Hits Fresh High Amid Nasdaq Composite Momentum
• Positive Sentiment: Plexus set its fiscal Q2 2026 earnings release for April 29 and will host a management call on April 30 — a near‑term catalyst that could reinforce the rally if results or guidance beat expectations. Plexus Sets Fiscal Second Quarter 2026 Earnings Release Date
• Neutral Sentiment: CEO Todd Kelsey sold 1,500 shares on April 15 under a pre‑arranged Rule 10b5‑1 plan; the sale is small relative to his remaining stake (~1.83% decrease) and typical of scheduled insider plans. Investors often view scheduled, plan‑based sales as neutral. SEC Filing – Form 4
• Negative Sentiment: Zacks Research downgraded Plexus from “strong‑buy” to “hold” and trimmed several near‑ and medium‑term EPS estimates (small reductions to FY2026–FY2028 and quarterly forecasts). The downgrade and estimate cuts can weigh on sentiment and analyst‑driven flows despite recent topline growth. Zacks Downgrade / Estimates

Plexus Price Performance

Plexus stock opened at $228.64 on Friday. Plexus Corp. has a one year low of $115.35 and a one year high of $232.17. The business has a fifty day moving average price of $203.58 and a 200-day moving average price of $172.32. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.59 and a quick ratio of 0.75. The firm has a market capitalization of $6.13 billion, a P/E ratio of 35.56 and a beta of 0.75.

Plexus (NASDAQ:PLXS) last posted its quarterly earnings results on Wednesday, January 28th. The technology company reported $1.78 EPS for the quarter, topping analysts’ consensus estimates of $1.77 by $0.01. Plexus had a return on equity of 12.39% and a net margin of 4.28%.The firm had revenue of $1.07 billion during the quarter, compared to analyst estimates of $1.07 billion. During the same period last year, the company earned $1.73 earnings per share. The business’s revenue for the quarter was up 9.6% on a year-over-year basis. Plexus has set its Q2 2026 guidance at 1.800-1.950 EPS. As a group, equities research analysts forecast that Plexus Corp. will post 5.9 EPS 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.