Oppenheimer Asset Management Inc. Sells 224 Shares of Plexus Corp. $PLXS

Oppenheimer Asset Management Inc. reduced its stake in shares of Plexus Corp. (NASDAQ:PLXS) by 1.8% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,140 shares of the technology company’s stock after selling 224 shares during the period. Oppenheimer Asset Management Inc.’s holdings in Plexus were worth $1,643,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. BNP PARIBAS ASSET MANAGEMENT Holding S.A. boosted its stake in shares of Plexus by 0.6% during the 1st quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 975,612 shares of the technology company’s stock worth $125,005,000 after acquiring an additional 6,257 shares in the last quarter. American Century Companies Inc. boosted its position in Plexus by 24.7% during the first quarter. American Century Companies Inc. now owns 678,222 shares of the technology company’s stock worth $86,901,000 after purchasing an additional 134,205 shares during the period. Fuller & Thaler Asset Management Inc. boosted its position in Plexus by 120.4% during the first quarter. Fuller & Thaler Asset Management Inc. now owns 348,510 shares of the technology company’s stock worth $44,655,000 after purchasing an additional 190,360 shares during the period. Millennium Management LLC grew its holdings in Plexus by 85.1% during the first quarter. Millennium Management LLC now owns 228,116 shares of the technology company’s stock valued at $29,229,000 after purchasing an additional 104,904 shares during the last quarter. Finally, Invesco Ltd. lifted its stake in shares of Plexus by 66.1% in the first quarter. Invesco Ltd. now owns 211,741 shares of the technology company’s stock worth $27,130,000 after buying an additional 84,249 shares during the last quarter. Institutional investors and hedge funds own 94.45% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on PLXS shares. Sidoti downgraded shares of Plexus from a “buy” rating to a “neutral” rating and set a $150.00 price objective for the company. in a report on Friday, October 24th. Stifel Nicolaus set a $150.00 target price on shares of Plexus in a research report on Friday, October 24th. Benchmark restated a “buy” rating and set a $165.00 price target on shares of Plexus in a report on Friday, October 24th. Wall Street Zen lowered Plexus from a “strong-buy” rating to a “buy” rating in a research note on Sunday, October 19th. Finally, Williams Trading set a $165.00 price objective on Plexus in a research report on Monday, September 22nd. Two equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $159.00.

Plexus Stock Up 1.2%

NASDAQ PLXS opened at $141.08 on Friday. Plexus Corp. has a twelve month low of $103.43 and a twelve month high of $172.89. The stock has a market cap of $3.81 billion, a PE ratio of 22.54 and a beta of 0.80. The firm has a 50-day simple moving average of $141.97 and a 200 day simple moving average of $134.56. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.77 and a current ratio of 1.58.

Plexus (NASDAQ:PLXS) last issued its quarterly earnings results on Wednesday, October 22nd. The technology company reported $2.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.84 by $0.30. Plexus had a return on equity of 12.77% and a net margin of 4.29%.The firm had revenue of $1.06 billion for the quarter, compared to analyst estimates of $1.05 billion. During the same period in the previous year, the company posted $1.85 earnings per share. The company’s quarterly revenue was up .7% compared to the same quarter last year. Plexus has set its Q1 2026 guidance at 1.660-1.810 EPS. On average, research analysts forecast that Plexus Corp. will post 5.9 EPS for the current year.

Insider Transactions at Plexus

In other Plexus news, CEO Todd P. Kelsey sold 1,500 shares of Plexus stock in a transaction on Wednesday, October 1st. The shares were sold at an average price of $143.70, for a total transaction of $215,550.00. Following the sale, the chief executive officer owned 69,214 shares in the company, valued at $9,946,051.80. The trade was a 2.12% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Victor (Pang Hau) Tan sold 3,000 shares of the business’s stock in a transaction on Thursday, August 28th. The shares were sold at an average price of $139.00, for a total transaction of $417,000.00. Following the completion of the sale, the insider directly owned 8,723 shares in the company, valued at $1,212,497. This trade represents a 25.59% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 16,354 shares of company stock valued at $2,239,309 over the last 90 days. Corporate insiders own 1.76% of the company’s stock.

About Plexus

Plexus Corp. provides electronic manufacturing services in the United States and internationally. It offers design, develop, supply chain, new product introduction, and manufacturing solutions, as well as sustaining services to companies in the healthcare/life sciences, industrial/commercial, aerospace/defense, and communications market sectors.