Acadian Asset Management LLC Boosts Stake in Plexus Corp. $PLXS

Acadian Asset Management LLC grew its stake in shares of Plexus Corp. (NASDAQ:PLXS) by 666.3% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 14,660 shares of the technology company’s stock after buying an additional 12,747 shares during the quarter. Acadian Asset Management LLC owned 0.05% of Plexus worth $1,876,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in PLXS. Fuller & Thaler Asset Management Inc. raised its position in shares of Plexus by 120.4% during the 1st quarter. Fuller & Thaler Asset Management Inc. now owns 348,510 shares of the technology company’s stock valued at $44,655,000 after buying an additional 190,360 shares in the last quarter. Nuveen LLC purchased a new position in Plexus in the 1st quarter worth $22,975,000. GAMMA Investing LLC raised its position in Plexus by 19,069.1% in the 1st quarter. GAMMA Investing LLC now owns 170,797 shares of the technology company’s stock worth $21,884,000 after purchasing an additional 169,906 shares during the period. American Century Companies Inc. raised its position in Plexus by 24.7% in the 1st 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. Finally, Millennium Management LLC raised its position in Plexus by 85.1% in the 1st quarter. Millennium Management LLC now owns 228,116 shares of the technology company’s stock worth $29,229,000 after purchasing an additional 104,904 shares during the period. Hedge funds and other institutional investors own 94.45% of the company’s stock.

Insider Activity

In other news, COO Oliver K. Mihm sold 2,102 shares of the business’s stock in a transaction that occurred on Friday, August 15th. The shares were sold at an average price of $130.43, for a total transaction of $274,163.86. Following the completion of the transaction, the chief operating officer directly owned 21,155 shares of the company’s stock, valued at $2,759,246.65. The trade was a 9.04% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Patrick John Jermain sold 2,500 shares of the business’s stock in a transaction that occurred on Wednesday, August 27th. The shares were sold at an average price of $137.71, for a total transaction of $344,275.00. Following the transaction, the chief financial officer directly owned 20,959 shares of the company’s stock, valued at $2,886,263.89. The trade was a 10.66% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 14,356 shares of company stock valued at $1,926,890 over the last three months. Corporate insiders own 1.76% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the stock. Stifel Nicolaus set a $140.00 price target on shares of Plexus in a report on Thursday, July 24th. Benchmark reissued a “buy” rating and issued a $160.00 price target on shares of Plexus in a report on Wednesday, June 4th. Needham & Company LLC cut their price target on shares of Plexus from $162.00 to $158.00 and set a “buy” rating on the stock in a report on Thursday, July 24th. Sidoti raised shares of Plexus from a “neutral” rating to a “buy” rating and raised their price target for the stock from $135.00 to $150.00 in a report on Friday, July 25th. Finally, Wall Street Zen lowered shares of Plexus from a “strong-buy” rating to a “buy” rating in a research note on Saturday, August 16th. Three analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $152.00.

Plexus Stock Performance

Plexus stock opened at $137.62 on Wednesday. The company has a quick ratio of 0.74, a current ratio of 1.58 and a debt-to-equity ratio of 0.06. The company has a market capitalization of $3.71 billion, a P/E ratio of 23.44 and a beta of 0.82. The stock’s 50 day moving average is $133.33 and its 200 day moving average is $129.99. Plexus Corp. has a twelve month low of $103.43 and a twelve month high of $172.89.

Plexus (NASDAQ:PLXS) last posted its quarterly earnings results on Wednesday, July 23rd. The technology company reported $1.90 earnings per share for the quarter, topping the consensus estimate of $1.71 by $0.19. The company had revenue of $1.02 billion for the quarter, compared to the consensus estimate of $1.02 billion. Plexus had a return on equity of 12.33% and a net margin of 4.04%.The firm’s quarterly revenue was up 6.0% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.45 EPS. Plexus has set its Q4 2025 guidance at 1.820-1.970 EPS. On average, equities research analysts predict that Plexus Corp. will post 5.9 earnings per share for the current fiscal year.

Plexus Company Profile

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.