BNP PARIBAS ASSET MANAGEMENT Holding S.A. Has $132.43 Million Holdings in Plexus Corp. $PLXS

BNP PARIBAS ASSET MANAGEMENT Holding S.A. grew its position in shares of Plexus Corp. (NASDAQ:PLXS) by 4.0% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 915,296 shares of the technology company’s stock after buying an additional 35,237 shares during the quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. owned approximately 3.39% of Plexus worth $132,434,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of the company. Congress Asset Management Co. grew its position in Plexus by 0.5% during the 3rd quarter. Congress Asset Management Co. now owns 16,245 shares of the technology company’s stock worth $2,350,000 after acquiring an additional 88 shares during the last quarter. Huntington National Bank raised its position in Plexus by 41.5% in the 2nd 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. Nisa Investment Advisors LLC boosted its stake in Plexus by 0.8% in the third quarter. Nisa Investment Advisors LLC now owns 12,879 shares of the technology company’s stock worth $1,863,000 after purchasing an additional 99 shares in the last quarter. Strs Ohio grew 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 last quarter. Finally, Arizona State Retirement System grew its holdings in shares of Plexus by 1.3% during the third quarter. Arizona State Retirement System now owns 7,993 shares of the technology company’s stock worth $1,157,000 after purchasing an additional 102 shares during the last quarter. Institutional investors and hedge funds own 94.45% of the company’s stock.

Wall Street Analyst Weigh In

PLXS has been the topic of several research reports. Zacks Research upgraded shares of Plexus from a “hold” rating to a “strong-buy” rating in a research report on Friday, February 6th. Sidoti downgraded shares of Plexus from a “buy” rating to a “neutral” rating and set a $150.00 target price for the company. 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 note on Saturday, November 22nd. Needham & Company LLC raised their price target on shares of Plexus from $165.00 to $206.00 and gave the company a “buy” rating in a report on Friday, January 30th. Finally, Weiss Ratings raised Plexus from a “hold (c+)” rating to a “buy (b-)” rating in a report on Thursday, February 5th. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, Plexus has an average rating of “Moderate Buy” and an average target price of $189.20.

Insider Buying and Selling at Plexus

In other Plexus news, CEO Todd P. Kelsey sold 5,231 shares of Plexus stock in a transaction dated Wednesday, February 18th. The stock was sold at an average price of $195.78, for a total transaction of $1,024,125.18. Following the transaction, the chief executive officer directly owned 83,291 shares in the company, valued at approximately $16,306,711.98. The trade was a 5.91% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Patrick John Jermain sold 2,321 shares of the firm’s stock in a transaction dated Thursday, February 12th. The stock was sold at an average price of $201.12, for a total value of $466,799.52. Following the sale, the chief financial officer directly owned 14,561 shares in the company, valued at approximately $2,928,508.32. This represents a 13.75% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 51,669 shares of company stock worth $10,220,816 in the last three months. 1.78% of the stock is owned by insiders.

Plexus Trading Down 0.3%

NASDAQ PLXS opened at $196.57 on Friday. Plexus Corp. has a 12 month low of $103.43 and a 12 month high of $211.84. The stock has a 50-day simple moving average of $174.70 and a 200 day simple moving average of $152.80. The company has a current ratio of 1.59, a quick ratio of 0.75 and a debt-to-equity ratio of 0.06. The company has a market capitalization of $5.27 billion, a PE ratio of 30.57 and a beta of 0.81.

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

Plexus 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.