R Squared Ltd Grows Holdings in Plexus Corp. $PLXS

R Squared Ltd increased its position in shares of Plexus Corp. (NASDAQ:PLXS) by 84.0% during the 2nd quarter, Holdings Channel reports. The firm owned 2,980 shares of the technology company’s stock after purchasing an additional 1,360 shares during the quarter. R Squared Ltd’s holdings in Plexus were worth $403,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. TD Private Client Wealth LLC boosted its stake in Plexus by 185.6% in the first quarter. TD Private Client Wealth LLC now owns 514 shares of the technology company’s stock valued at $66,000 after acquiring an additional 334 shares during the last quarter. CWM LLC boosted its stake in Plexus by 65.7% in the second quarter. CWM LLC now owns 537 shares of the technology company’s stock valued at $73,000 after acquiring an additional 213 shares during the last quarter. Banque Transatlantique SA purchased a new position in Plexus in the first quarter valued at about $71,000. N.E.W. Advisory Services LLC purchased a new position in Plexus in the first quarter valued at about $87,000. Finally, Meeder Asset Management Inc. purchased a new position in Plexus in the first quarter valued at about $121,000. 94.45% of the stock is currently owned by hedge funds and other institutional investors.

Plexus Stock Performance

Shares of PLXS stock opened at $143.92 on Friday. The stock has a market capitalization of $3.88 billion, a P/E ratio of 22.99 and a beta of 0.80. The company has a current ratio of 1.58, a quick ratio of 0.74 and a debt-to-equity ratio of 0.06. The firm’s 50 day moving average is $141.04 and its 200 day moving average is $133.85. Plexus Corp. has a 12 month low of $103.43 and a 12 month high of $172.89.

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

Analyst Ratings Changes

PLXS has been the topic of a number of research analyst reports. Weiss Ratings reiterated a “hold (c+)” rating on shares of Plexus in a research note on Wednesday, October 8th. Stifel Nicolaus set a $150.00 target price on shares of Plexus in a research note on Friday. Sidoti cut shares of Plexus from a “buy” rating to a “neutral” rating and set a $150.00 target price on the stock. in a research note on Friday. Wall Street Zen cut shares of Plexus from a “strong-buy” rating to a “buy” rating in a research note on Sunday, October 19th. Finally, Williams Trading set a $165.00 price target on shares of Plexus in a research note on Monday, September 22nd. Two research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $159.00.

Insider Buying and Selling at Plexus

In related news, CFO Patrick John Jermain sold 2,500 shares of the company’s stock in a transaction that occurred on Wednesday, August 27th. The shares were sold at an average price of $137.71, for a total transaction of $344,275.00. Following the sale, the chief financial officer owned 20,959 shares of the company’s stock, valued at approximately $2,886,263.89. This represents a 10.66% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, COO Oliver K. Mihm sold 2,102 shares of the company’s stock in a transaction that occurred on Friday, August 15th. The stock was sold at an average price of $130.43, for a total transaction of $274,163.86. Following the sale, the chief operating officer directly owned 21,155 shares in the company, valued at $2,759,246.65. This trade represents a 9.04% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 15,856 shares of company stock worth $2,142,440 in the last ninety days. 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.