Plexus Corp. $PLXS Shares Sold by Assenagon Asset Management S.A.

Assenagon Asset Management S.A. trimmed its holdings in Plexus Corp. (NASDAQ:PLXS) by 77.0% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 24,492 shares of the technology company’s stock after selling 81,988 shares during the quarter. Assenagon Asset Management S.A. owned about 0.09% of Plexus worth $3,544,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Corient Private Wealth LLC acquired a new stake in shares of Plexus in the 2nd quarter worth $210,000. Texas Permanent School Fund Corp grew its holdings in shares of Plexus by 3.8% in the second quarter. Texas Permanent School Fund Corp now owns 12,875 shares of the technology company’s stock valued at $1,742,000 after purchasing an additional 470 shares during the period. Osaic Holdings Inc. increased its position in Plexus by 34.6% during the second quarter. Osaic Holdings Inc. now owns 3,107 shares of the technology company’s stock worth $420,000 after purchasing an additional 798 shares during the last quarter. Neuberger Berman Group LLC raised its stake in Plexus by 193.3% during the second quarter. Neuberger Berman Group LLC now owns 5,984 shares of the technology company’s stock worth $810,000 after purchasing an additional 3,944 shares during the period. Finally, State of Wyoming boosted its holdings in Plexus by 110.1% in the 2nd quarter. State of Wyoming now owns 2,410 shares of the technology company’s stock valued at $326,000 after purchasing an additional 1,263 shares during the last quarter. 94.45% of the stock is currently owned by hedge funds and other institutional investors.

Plexus Stock Performance

Shares of PLXS stock opened at $153.35 on Tuesday. The firm has a 50 day moving average of $146.41 and a two-hundred day moving average of $139.49. The stock has a market capitalization of $4.11 billion, a PE ratio of 24.50 and a beta of 0.81. The company has a quick ratio of 0.77, a current ratio of 1.58 and a debt-to-equity ratio of 0.06. Plexus Corp. has a 52 week low of $103.43 and a 52 week high of $172.89.

Plexus (NASDAQ:PLXS) last released its earnings results on Wednesday, October 22nd. The technology company reported $2.14 earnings per share 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 analyst estimates of $1.05 billion. During the same period in the prior year, the firm earned $1.85 earnings per share. The business’s quarterly revenue was up .7% compared to the same quarter last year. Plexus has set its Q1 2026 guidance at 1.660-1.810 EPS. On average, research analysts predict that Plexus Corp. will post 5.9 EPS for the current fiscal year.

Insider Activity

In other Plexus news, CEO Todd P. Kelsey sold 2,000 shares of Plexus stock in a transaction that occurred on Tuesday, November 4th. The stock was sold at an average price of $143.50, for a total transaction of $287,000.00. Following the transaction, the chief executive officer owned 60,714 shares of the company’s stock, valued at $8,712,459. The trade was a 3.19% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Karen Marie Rapp sold 500 shares of the stock in a transaction that occurred on Friday, November 28th. The shares were sold at an average price of $143.47, for a total value of $71,735.00. Following the completion of the sale, the director directly owned 7,665 shares of the company’s stock, valued at $1,099,697.55. The trade was a 6.12% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 13,172 shares of company stock worth $1,883,740 over the last ninety days. 1.76% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the company. Sidoti lowered Plexus from a “buy” rating to a “neutral” rating and set a $150.00 price target on the stock. in a research note on Friday, October 24th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Plexus in a research report on Wednesday, October 8th. Benchmark reaffirmed a “buy” rating and set a $165.00 target price on shares of Plexus in a research note on Friday, October 24th. Stifel Nicolaus set a $150.00 price target on shares of Plexus in a research report on Friday, October 24th. Finally, Williams Trading set a $165.00 price objective on shares of Plexus in a report on Monday, September 22nd. Two analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $159.00.

Plexus Company 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.