Waverly Advisors LLC Increases Holdings in Plexus Corp. $PLXS

Waverly Advisors LLC raised its holdings in shares of Plexus Corp. (NASDAQ:PLXS) by 572.9% in the 1st quarter, HoldingsChannel reports. The fund owned 43,407 shares of the technology company’s stock after buying an additional 36,956 shares during the quarter. Waverly Advisors LLC’s holdings in Plexus were worth $8,792,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the business. Inspire Investing LLC raised its position in shares of Plexus by 1.6% during the 4th quarter. Inspire Investing LLC now owns 3,178 shares of the technology company’s stock worth $467,000 after acquiring an additional 50 shares in the last quarter. Allworth Financial LP lifted its stake in Plexus by 20.8% during the fourth quarter. Allworth Financial LP now owns 302 shares of the technology company’s stock worth $44,000 after purchasing an additional 52 shares during the last quarter. Maryland State Retirement & Pension System boosted its holdings in Plexus by 1.5% in the fourth quarter. Maryland State Retirement & Pension System now owns 3,940 shares of the technology company’s stock valued at $579,000 after purchasing an additional 60 shares in the last quarter. Oregon Public Employees Retirement Fund boosted its holdings in Plexus by 1.2% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 6,175 shares of the technology company’s stock valued at $908,000 after purchasing an additional 71 shares in the last quarter. Finally, Uncommon Cents Investing LLC boosted its holdings in Plexus by 0.8% in the fourth quarter. Uncommon Cents Investing LLC now owns 9,925 shares of the technology company’s stock valued at $1,459,000 after purchasing an additional 75 shares in the last quarter. Hedge funds and other institutional investors own 94.45% of the company’s stock.

Analysts Set New Price Targets

PLXS has been the topic of a number of research analyst reports. Weiss Ratings raised shares of Plexus from a “buy (b-)” rating to a “buy (b)” rating in a report on Monday, July 6th. Needham & Company LLC boosted their price objective on shares of Plexus from $285.00 to $310.00 and gave the stock a “buy” rating in a research report on Monday, June 1st. Zacks Research upgraded shares of Plexus from a “strong sell” rating to a “hold” rating in a report on Monday, July 13th. Stifel Nicolaus increased their target price on shares of Plexus from $280.00 to $330.00 and gave the company a “buy” rating in a research report on Monday, June 22nd. Finally, Raymond James Financial reiterated an “outperform” rating and set a $275.00 price target on shares of Plexus in a research note on Thursday, April 30th. Five equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, Plexus has an average rating of “Moderate Buy” and a consensus target price of $246.67.

Plexus Stock Down 0.4%

Plexus stock opened at $253.38 on Tuesday. The company has a market capitalization of $6.78 billion, a P/E ratio of 37.04 and a beta of 0.88. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.74 and a current ratio of 1.54. Plexus Corp. has a fifty-two week low of $123.36 and a fifty-two week high of $307.06. The stock has a 50-day simple moving average of $274.29 and a 200-day simple moving average of $231.82.

Plexus (NASDAQ:PLXS) last released its quarterly earnings results on Wednesday, April 29th. The technology company reported $2.05 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.87 by $0.18. The firm had revenue of $1.16 billion for the quarter, compared to the consensus estimate of $1.13 billion. Plexus had a return on equity of 12.84% and a net margin of 4.35%.The firm’s quarterly revenue was up 18.7% compared to the same quarter last year. During the same quarter last year, the business posted $1.66 EPS. Plexus has set its Q3 2026 guidance at 2.020-2.180 EPS. Equities research analysts expect that Plexus Corp. will post 5.98 earnings per share for the current year.

Insider Transactions at Plexus

In other news, CEO Todd P. Kelsey sold 1,500 shares of the firm’s stock in a transaction that occurred on Wednesday, June 17th. The shares were sold at an average price of $294.98, for a total transaction of $442,470.00. Following the transaction, the chief executive officer directly owned 68,888 shares in the company, valued at approximately $20,320,582.24. This trade represents a 2.13% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Michael J. Running sold 510 shares of Plexus stock in a transaction on Friday, June 5th. The shares were sold at an average price of $272.17, for a total transaction of $138,806.70. Following the completion of the transaction, the insider directly owned 665 shares in the company, valued at $180,993.05. The trade was a 43.40% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 20,481 shares of company stock worth $5,519,183 in the last three months. 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.