Plexus Corp. $PLXS Holdings Decreased by Bridge City Capital LLC

Bridge City Capital LLC reduced its stake in shares of Plexus Corp. (NASDAQ:PLXS) by 14.2% during the fourth quarter, Holdings Channel.com reports. The firm owned 15,228 shares of the technology company’s stock after selling 2,511 shares during the period. Bridge City Capital LLC’s holdings in Plexus were worth $2,239,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. Covestor Ltd raised its stake in shares of Plexus by 207.7% during 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 raised its stake in shares of Plexus by 70.1% during 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 stake in Plexus in the third quarter worth about $72,000. Farther Finance Advisors LLC raised 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 worth $75,000 after acquiring an additional 273 shares in the last quarter. Finally, EverSource Wealth Advisors LLC raised its position in Plexus by 583.3% in the second quarter. EverSource Wealth Advisors LLC now owns 574 shares of the technology company’s stock worth $78,000 after acquiring an additional 490 shares in the last quarter. 94.45% of the stock is currently owned by institutional investors.

Plexus Trading Up 2.5%

NASDAQ:PLXS opened at $295.02 on Friday. The stock has a market cap of $7.89 billion, a PE ratio of 43.13 and a beta of 0.89. The stock’s 50-day moving average is $253.52 and its two-hundred day moving average is $204.46. Plexus Corp. has a fifty-two week low of $115.35 and a fifty-two week high of $299.00. 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 posted its quarterly earnings data on Wednesday, April 29th. The technology company reported $2.05 earnings per share for the quarter, beating the consensus estimate of $1.87 by $0.18. Plexus had a return on equity of 12.84% and a net margin of 4.35%.The company had revenue of $1.16 billion during the quarter, compared to analysts’ expectations of $1.13 billion. During the same period in the prior year, the business earned $1.66 earnings per share. Plexus’s revenue for the quarter was up 18.7% compared to the same quarter last year. Plexus has set its Q3 2026 guidance at 2.020-2.180 EPS. As a group, equities research analysts forecast that Plexus Corp. will post 5.98 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages have commented on PLXS. Raymond James Financial reiterated an “outperform” rating and issued a $275.00 price target on shares of Plexus in a research report on Thursday, April 30th. Zacks Research downgraded Plexus from a “hold” rating to a “strong sell” rating in a report on Wednesday, May 20th. Stifel Nicolaus set a $280.00 price objective on Plexus in a report on Tuesday, May 26th. Weiss Ratings downgraded Plexus from a “buy (b)” rating to a “buy (b-)” rating in a report on Thursday. Finally, Needham & Company LLC boosted their price objective on Plexus from $285.00 to $310.00 and gave the stock a “buy” rating in a report on Monday, June 1st. Five equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $238.33.

Insider Activity at Plexus

In related news, insider Victor (Pang Hau) Tan sold 3,000 shares of the company’s stock in a transaction on Monday, May 11th. The stock was sold at an average price of $271.23, for a total value of $813,690.00. Following the completion of the transaction, the insider directly owned 10,457 shares in the company, valued at approximately $2,836,252.11. This represents a 22.29% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Todd P. Kelsey sold 3,000 shares of the company’s stock in a transaction on Tuesday, May 5th. The shares were sold at an average price of $268.45, for a total value of $805,350.00. Following the completion of the transaction, the chief executive officer owned 74,888 shares of the company’s stock, valued at $20,103,683.60. The trade was a 3.85% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 21,981 shares of company stock worth $5,704,208. 1.78% of the stock is owned by corporate insiders.

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.