California State Teachers Retirement System Has $2.83 Billion Holdings in Plexus Corp. $PLXS

California State Teachers Retirement System lifted its holdings in Plexus Corp. (NASDAQ:PLXS) by 29,890.4% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 9,414,880 shares of the technology company’s stock after purchasing an additional 9,383,487 shares during the period. California State Teachers Retirement System owned 0.35% of Plexus worth $2,830,772,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also modified their holdings of the company. Mitsubishi UFJ Asset Management Co. Ltd. acquired a new position in Plexus during the 2nd quarter valued at $32,000. Covestor Ltd grew its position in 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. Kilter Group LLC acquired a new stake in Plexus in the 2nd quarter worth $40,000. Allworth Financial LP increased its holdings in shares of 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 purchasing an additional 52 shares during the period. Finally, Persistent Asset Partners Ltd bought a new position in shares of Plexus during the 2nd quarter worth about $71,000. Institutional investors and hedge funds own 94.45% of the company’s stock.

Plexus Trading Down 0.5%

Shares of Plexus stock opened at $246.94 on Friday. The firm has a market capitalization of $6.61 billion, a PE ratio of 36.42 and a beta of 0.89. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.49 and a quick ratio of 0.72. The company’s fifty day moving average price is $255.22 and its two-hundred day moving average price is $247.01. Plexus Corp. has a 52-week low of $132.03 and a 52-week high of $307.06.

Plexus (NASDAQ:PLXS) last announced its quarterly earnings data on Wednesday, July 29th. The technology company reported $2.32 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.13 by $0.19. The company had revenue of $1.30 billion during the quarter, compared to analysts’ expectations of $1.23 billion. Plexus had a net margin of 4.03% and a return on equity of 12.46%. The business’s revenue was up 28.2% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.64 EPS. Plexus has set its Q4 2026 guidance at 2.470-2.630 EPS. On average, analysts expect that Plexus Corp. will post 7.11 EPS for the current year.

Analysts Set New Price Targets

A number of research analysts have recently commented on the stock. Stifel Nicolaus upped their price objective on shares of Plexus from $280.00 to $330.00 and gave the company a “buy” rating in a research report on Monday, June 22nd. Zacks Research raised Plexus from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, August 11th. Needham & Company LLC restated a “buy” rating and set a $310.00 price target on shares of Plexus in a research note on Friday, August 14th. Sidoti raised Plexus from a “neutral” rating to a “buy” rating and set a $308.00 price target for the company in a report on Friday, July 31st. Finally, Weiss Ratings downgraded Plexus from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Wednesday. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Plexus currently has a consensus rating of “Buy” and an average target price of $273.00.

Insider Activity at Plexus

In related news, Director Michael V. Schrock sold 4,000 shares of the stock in a transaction dated Tuesday, August 11th. The shares were sold at an average price of $275.00, for a total value of $1,100,000.00. Following the completion of the transaction, the director owned 40,329 shares of the company’s stock, valued at $11,090,475. This represents a 9.02% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Karen Rapp sold 500 shares of the firm’s stock in a transaction dated Monday, August 31st. The stock was sold at an average price of $240.87, for a total transaction of $120,435.00. Following the transaction, the director owned 7,535 shares of the company’s stock, valued at approximately $1,814,955.45. This represents a 6.22% 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 a total of 7,500 shares of company stock valued at $2,039,375 over the last quarter. 1.78% of the stock is owned by company insiders.

Plexus Company Profile

Plexus Corp. is a global electronics manufacturing services company that designs, manufactures and services products for original equipment manufacturers. The company supports customers across the product life cycle, from product development and engineering to supply chain management, assembly, testing, fulfillment and aftermarket services.

Plexus provides solutions for industries including healthcare and life sciences, industrial and commercial, aerospace and defense, and communications.