AlphaQuest LLC Sells 19,843 Shares of Plexus Corp. $PLXS

AlphaQuest LLC lowered its stake in Plexus Corp. (NASDAQ:PLXS) by 97.2% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 565 shares of the technology company’s stock after selling 19,843 shares during the quarter. AlphaQuest LLC’s holdings in Plexus were worth $82,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the stock. Arizona State Retirement System increased its stake in shares of Plexus by 1.3% in the third quarter. Arizona State Retirement System now owns 7,993 shares of the technology company’s stock worth $1,157,000 after buying an additional 102 shares during the period. Riverwater Partners LLC increased its position in shares of Plexus by 6.1% in the third quarter. Riverwater Partners LLC now owns 19,300 shares of the technology company’s stock valued at $2,793,000 after acquiring an additional 1,111 shares during the period. Nicola Wealth Management LTD. bought a new position in shares of Plexus during the third quarter valued at about $6,655,000. Strs Ohio boosted its holdings in shares of Plexus by 1.2% during the third quarter. Strs Ohio now owns 8,500 shares of the technology company’s stock worth $1,230,000 after purchasing an additional 100 shares during the period. Finally, Universal Beteiligungs und Servicegesellschaft mbH boosted its holdings in shares of Plexus by 77.1% during the third quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 7,112 shares of the technology company’s stock worth $1,029,000 after purchasing an additional 3,096 shares during the period. Hedge funds and other institutional investors own 94.45% of the company’s stock.

Insider Activity at Plexus

In related news, CEO Todd P. Kelsey sold 8,120 shares of the business’s stock in a transaction dated Tuesday, February 3rd. The shares were sold at an average price of $205.65, for a total transaction of $1,669,878.00. Following the sale, the chief executive officer owned 78,598 shares of the company’s stock, valued at $16,163,678.70. The trade was a 9.36% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Patrick John Jermain sold 4,841 shares of the business’s stock in a transaction dated Tuesday, February 3rd. The stock was sold at an average price of $204.01, for a total transaction of $987,612.41. Following the sale, the chief financial officer directly owned 20,469 shares in the company, valued at $4,175,880.69. The trade was a 19.13% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 30,951 shares of company stock worth $6,077,670 over the last 90 days. 1.78% of the stock is currently owned by insiders.

Plexus Trading Up 1.1%

NASDAQ PLXS opened at $201.28 on Friday. The firm has a market capitalization of $5.39 billion, a PE ratio of 31.30 and a beta of 0.81. The stock’s 50 day moving average is $171.66 and its 200 day moving average is $151.00. Plexus Corp. has a twelve month low of $103.43 and a twelve month high of $211.84. The company has a quick ratio of 0.75, a current ratio of 1.59 and a debt-to-equity ratio of 0.06.

Plexus (NASDAQ:PLXS) last posted its quarterly earnings data on Wednesday, January 28th. The technology company reported $1.78 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.77 by $0.01. Plexus had a return on equity of 12.39% and a net margin of 4.28%.The business had revenue of $1.07 billion during the quarter, compared to the consensus estimate of $1.07 billion. During the same quarter in the prior year, the company earned $1.73 earnings per share. The firm’s quarterly revenue was up 9.6% compared to the same quarter last year. Plexus has set its Q2 2026 guidance at 1.800-1.950 EPS. Research analysts forecast that Plexus Corp. will post 5.9 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts recently issued reports on PLXS shares. Zacks Research upgraded Plexus from a “hold” rating to a “strong-buy” rating in a report on Friday, February 6th. Benchmark lifted their price objective on Plexus from $165.00 to $195.00 and gave the stock a “buy” rating in a research report on Wednesday, January 28th. Weiss Ratings upgraded Plexus from a “hold (c+)” rating to a “buy (b-)” rating in a report on Thursday, February 5th. Sidoti lowered Plexus from a “buy” rating to a “neutral” rating and set a $150.00 price target for the company. in a research note on Friday, October 24th. Finally, Wall Street Zen downgraded shares of Plexus from a “buy” rating to a “hold” rating in a research report on Saturday, November 22nd. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $189.20.

Key Headlines Impacting Plexus

Here are the key news stories impacting Plexus this week:

• Positive Sentiment: Zacks Research sharply raised forward earnings estimates across 2026–2028 (examples: FY2026 to $6.64 from $6.38, FY2027 to $7.34 from $7.08, FY2028 to $8.06 from $7.86) and lifted quarterly forecasts (e.g., Q2 2026 to $1.62 from $1.51, Q3 2026 to $1.72 from $1.65, Q4 2026 to $1.79 from $1.70). Zacks also maintains a “Strong‑Buy” rating — the upgrades support higher future profitability expectations and are a clear bullish signal to investors.
• Neutral Sentiment: Analyst consensus data shows a “Moderate Buy” consensus with an average target price of $189.20 (MarketBeat summary). That target is below the current trading level, signaling mixed analyst views on upside from here. Plexus Corp. Receives $189.20 Average Target Price

About Plexus

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.