Caxton Associates LLP Cuts Stake in Plexus Corp. $PLXS

Caxton Associates LLP reduced its holdings in shares of Plexus Corp. (NASDAQ:PLXS) by 27.9% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 11,616 shares of the technology company’s stock after selling 4,500 shares during the quarter. Caxton Associates LLP’s holdings in Plexus were worth $1,572,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in PLXS. Huntington National Bank boosted its stake 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 acquiring an additional 95 shares during the period. Northwestern Mutual Wealth Management Co. raised its position in Plexus by 7.1% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,750 shares of the technology company’s stock worth $237,000 after acquiring an additional 116 shares in the last quarter. Inspire Investing LLC raised its holdings in shares of Plexus by 4.8% in the 1st quarter. Inspire Investing LLC now owns 2,682 shares of the technology company’s stock worth $344,000 after purchasing an additional 123 shares in the last quarter. Yousif Capital Management LLC increased its holdings in shares of Plexus by 1.2% in the second quarter. Yousif Capital Management LLC now owns 10,117 shares of the technology company’s stock valued at $1,369,000 after buying an additional 124 shares in the last quarter. Finally, Fox Run Management L.L.C. raised its position in shares of Plexus by 7.2% during the first quarter. Fox Run Management L.L.C. now owns 2,017 shares of the technology company’s stock worth $258,000 after purchasing an additional 135 shares during the period. 94.45% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

PLXS has been the subject of several research analyst reports. Williams Trading set a $165.00 price target on shares of Plexus in a research report on Monday, September 22nd. Wall Street Zen downgraded Plexus from a “buy” rating to a “hold” rating in a report on Saturday, November 22nd. Weiss Ratings reissued a “hold (c+)” rating on shares of Plexus in a research report on Wednesday, October 8th. Stifel Nicolaus set a $150.00 price target on Plexus in a research report on Friday, October 24th. Finally, Needham & Company LLC lifted their price objective on Plexus from $158.00 to $165.00 and gave the company a “buy” rating in a report on Thursday, October 23rd. Two investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat, Plexus has an average rating of “Hold” and a consensus target price of $159.00.

Plexus Stock Performance

NASDAQ:PLXS opened at $159.72 on Tuesday. Plexus Corp. has a fifty-two week low of $103.43 and a fifty-two week high of $172.89. The company has a market capitalization of $4.28 billion, a PE ratio of 25.51 and a beta of 0.81. The company has a 50 day simple moving average of $145.40 and a two-hundred day simple moving average of $138.76. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.77 and a current ratio of 1.58.

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

Insider Buying and Selling at Plexus

In other news, COO Oliver K. Mihm sold 2,327 shares of the firm’s stock in a transaction on Tuesday, November 25th. The shares were sold at an average price of $143.18, for a total transaction of $333,179.86. Following the sale, the chief operating officer owned 18,442 shares in the company, valued at approximately $2,640,525.56. This trade represents a 11.20% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Todd P. Kelsey sold 2,000 shares of the company’s stock in a transaction on Tuesday, November 4th. The shares were sold at an average price of $143.50, for a total transaction of $287,000.00. Following the completion of the sale, the chief executive officer directly owned 60,714 shares of the company’s stock, valued at $8,712,459. This trade represents a 3.19% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 13,172 shares of company stock worth $1,883,740. Company insiders own 1.76% of the company’s stock.

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.