Creative Planning Acquires 2,832 Shares of Plexus Corp. $PLXS

Creative Planning grew its stake in Plexus Corp. (NASDAQ:PLXS) by 16.4% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 20,142 shares of the technology company’s stock after purchasing an additional 2,832 shares during the quarter. Creative Planning owned about 0.07% of Plexus worth $2,725,000 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. Huntington National Bank increased its holdings in Plexus by 41.5% in the second quarter. Huntington National Bank now owns 324 shares of the technology company’s stock valued at $44,000 after purchasing an additional 95 shares during the last quarter. Banque Transatlantique SA bought a new position in Plexus during the first quarter worth about $71,000. CWM LLC grew its position in shares of Plexus by 65.7% during the 2nd quarter. CWM LLC now owns 537 shares of the technology company’s stock worth $73,000 after buying an additional 213 shares during the period. N.E.W. Advisory Services LLC acquired a new position in shares of Plexus during the 1st quarter worth about $87,000. Finally, TD Private Client Wealth LLC increased its stake in shares of Plexus by 31.5% in the 2nd quarter. TD Private Client Wealth LLC now owns 676 shares of the technology company’s stock valued at $91,000 after acquiring an additional 162 shares during the last quarter. 94.45% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Plexus

In related news, CFO Patrick John Jermain sold 2,500 shares of the stock in a transaction dated Wednesday, August 27th. The stock was sold at an average price of $137.71, for a total transaction of $344,275.00. Following the completion of the transaction, the chief financial officer directly owned 20,959 shares in the company, valued at approximately $2,886,263.89. This trade represents a 10.66% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Todd P. Kelsey sold 2,000 shares of Plexus stock in a transaction that occurred on Tuesday, November 4th. The shares were sold at an average price of $143.50, for a total value of $287,000.00. Following the completion of the sale, the chief executive officer directly owned 60,714 shares in the company, valued at approximately $8,712,459. This represents a 3.19% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 15,998 shares of company stock valued at $2,246,689 over the last three months. Company insiders own 1.76% of the company’s stock.

Wall Street Analyst Weigh In

PLXS has been the topic of several recent analyst reports. Stifel Nicolaus set a $150.00 price objective on shares of Plexus in a research note on Friday, October 24th. Wall Street Zen cut shares of Plexus from a “buy” rating to a “hold” rating in a research report on Saturday. Weiss Ratings reissued a “hold (c+)” rating on shares of Plexus in a report on Wednesday, October 8th. Needham & Company LLC raised their price objective on Plexus from $158.00 to $165.00 and gave the stock a “buy” rating in a research note on Thursday, October 23rd. Finally, Sidoti lowered Plexus from a “buy” rating to a “neutral” rating and set a $150.00 target price on the stock. in a report on Friday, October 24th. Two research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $159.00.

Plexus Stock Up 4.3%

Shares of PLXS stock opened at $138.46 on Monday. Plexus Corp. has a 12-month low of $103.43 and a 12-month high of $172.89. The company has a quick ratio of 0.77, a current ratio of 1.58 and a debt-to-equity ratio of 0.06. The firm has a fifty day moving average of $143.07 and a 200-day moving average of $136.58. The company has a market capitalization of $3.71 billion, a price-to-earnings ratio of 22.12 and a beta of 0.80.

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

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.