Fiduciary Management Inc. WI Sells 60,916 Shares of Plexus Corp. $PLXS

Fiduciary Management Inc. WI lowered its holdings in Plexus Corp. (NASDAQ:PLXS) by 4.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,290,446 shares of the technology company’s stock after selling 60,916 shares during the period. Plexus comprises about 2.1% of Fiduciary Management Inc. WI’s portfolio, making the stock its 12th largest holding. Fiduciary Management Inc. WI’s holdings in Plexus were worth $189,696,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Covestor Ltd grew its position in Plexus by 207.7% in the fourth quarter. Covestor Ltd now owns 240 shares of the technology company’s stock valued at $35,000 after purchasing an additional 162 shares in the last quarter. Allworth Financial LP grew its position in Plexus by 70.1% in the third quarter. Allworth Financial LP now owns 250 shares of the technology company’s stock valued at $36,000 after purchasing an additional 103 shares in the last quarter. Johnson Financial Group Inc. bought a new position in Plexus in the third quarter valued at $72,000. Farther Finance Advisors LLC grew its position 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 purchasing an additional 273 shares in the last quarter. Finally, EverSource Wealth Advisors LLC grew its position in shares of Plexus by 583.3% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 574 shares of the technology company’s stock valued at $78,000 after acquiring an additional 490 shares during the period. Institutional investors own 94.45% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the stock. Raymond James Financial reissued an “outperform” rating and issued a $275.00 price objective on shares of Plexus in a research report on Thursday, April 30th. Zacks Research downgraded shares of Plexus from a “hold” rating to a “strong sell” rating in a research report on Wednesday, May 20th. Wall Street Zen raised shares of Plexus from a “hold” rating to a “buy” rating in a research report on Saturday, May 2nd. Benchmark reissued a “buy” rating and issued a $220.00 price objective on shares of Plexus in a research report on Monday, March 16th. Finally, Needham & Company LLC lifted their price objective on shares of Plexus from $285.00 to $310.00 and gave the company a “buy” rating in a research report on Monday, June 1st. Five research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, Plexus has an average rating of “Moderate Buy” and a consensus target price of $238.33.

Plexus Stock Performance

Shares of PLXS opened at $273.01 on Friday. The firm has a 50-day moving average of $245.12 and a 200-day moving average of $199.30. Plexus Corp. has a one year low of $115.35 and a one year high of $292.33. The company has a market cap of $7.31 billion, a PE ratio of 39.91 and a beta of 0.89. 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) last announced its earnings results on Wednesday, April 29th. The technology company reported $2.05 EPS for the quarter, topping the consensus estimate of $1.87 by $0.18. The business had revenue of $1.16 billion during 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 was up 18.7% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.66 EPS. Plexus has set its Q3 2026 guidance at 2.020-2.180 EPS. As a group, equities analysts forecast that Plexus Corp. will post 5.98 earnings per share for the current year.

Insider Buying and Selling

In related news, EVP Angelo Michael Ninivaggi, Jr. sold 3,270 shares of Plexus stock in a transaction dated Friday, May 8th. The shares were sold at an average price of $264.75, for a total transaction of $865,732.50. Following the completion of the sale, the executive vice president owned 16,266 shares of the company’s stock, valued at approximately $4,306,423.50. The trade was a 16.74% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Victor (Pang Hau) Tan sold 3,000 shares of Plexus stock in a transaction dated Monday, May 11th. The stock was sold at an average price of $271.23, for a total transaction of $813,690.00. Following the sale, the insider directly owned 10,457 shares of the company’s stock, valued at $2,836,252.11. The trade was a 22.29% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 21,471 shares of company stock valued at $5,565,401. Company insiders own 1.78% of the company’s stock.

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.