American Century Companies Inc. Buys 338,119 Shares of Plexus Corp. $PLXS

American Century Companies Inc. raised its position in shares of Plexus Corp. (NASDAQ:PLXS) by 44.2% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,103,892 shares of the technology company’s stock after purchasing an additional 338,119 shares during the period. American Century Companies Inc. owned about 4.09% of Plexus worth $159,722,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also added to or reduced their stakes in the company. AQR Capital Management LLC lifted its holdings in shares of Plexus by 103.1% during the 1st quarter. AQR Capital Management LLC now owns 8,384 shares of the technology company’s stock valued at $1,074,000 after purchasing an additional 4,255 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in shares of Plexus by 4.6% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 15,971 shares of the technology company’s stock valued at $2,046,000 after purchasing an additional 705 shares in the last quarter. United Services Automobile Association purchased a new stake in shares of Plexus during the first quarter worth about $218,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in shares of Plexus by 12.9% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 79,584 shares of the technology company’s stock worth $10,197,000 after acquiring an additional 9,078 shares during the last quarter. Finally, CWM LLC boosted its position in Plexus by 65.7% during the second quarter. CWM LLC now owns 537 shares of the technology company’s stock worth $73,000 after acquiring an additional 213 shares during the last quarter. 94.45% of the stock is currently owned by institutional investors.

Plexus Price Performance

Plexus stock opened at $194.13 on Monday. 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 Corp. has a 52 week low of $103.43 and a 52 week high of $211.84. The firm has a market capitalization of $5.20 billion, a PE ratio of 30.19 and a beta of 0.81. The firm’s 50-day simple moving average is $180.10 and its 200 day simple moving average is $156.04.

Plexus (NASDAQ:PLXS) last announced its earnings results on Wednesday, January 28th. The technology company reported $1.78 EPS for the quarter, beating 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 firm had revenue of $1.07 billion for the quarter, compared to analysts’ expectations of $1.07 billion. During the same quarter in the prior year, the firm earned $1.73 EPS. Plexus’s quarterly revenue was up 9.6% on a year-over-year basis. Plexus has set its Q2 2026 guidance at 1.800-1.950 EPS. On average, equities research analysts predict that Plexus Corp. will post 5.9 EPS for the current fiscal year.

Analysts Set New Price Targets

PLXS has been the subject of a number of analyst reports. Stifel Nicolaus upped their price objective on shares of Plexus from $150.00 to $200.00 and gave the company a “hold” rating in a report on Friday, January 30th. Zacks Research raised Plexus from a “hold” rating to a “strong-buy” rating in a report on Friday, February 6th. Williams Trading set a $195.00 price target on shares of Plexus in a research note on Wednesday, January 28th. Weiss Ratings cut shares of Plexus from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Friday, February 20th. Finally, Wall Street Zen raised Plexus from a “hold” rating to a “buy” rating in a research note on Saturday. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Plexus presently has an average rating of “Moderate Buy” and a consensus price target of $189.20.

Insider Activity at Plexus

In other news, CFO Patrick John Jermain sold 4,841 shares of Plexus stock in a transaction dated Tuesday, February 3rd. The stock was sold at an average price of $204.01, for a total value of $987,612.41. Following the transaction, the chief financial officer directly owned 20,469 shares of the company’s stock, valued at $4,175,880.69. The trade was a 19.13% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, COO Oliver K. Mihm sold 9,541 shares of the stock in a transaction on Wednesday, February 18th. The stock was sold at an average price of $201.40, for a total transaction of $1,921,557.40. Following the completion of the sale, the chief operating officer directly owned 12,809 shares of the company’s stock, valued at $2,579,732.60. The trade was a 42.69% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders have sold 47,495 shares of company stock worth $9,620,681. Corporate insiders own 1.78% of the company’s stock.

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.