Swiss National Bank Trims Stake in Plexus Corp. $PLXS

Swiss National Bank lowered its position in Plexus Corp. (NASDAQ:PLXS) by 1.7% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 51,600 shares of the technology company’s stock after selling 900 shares during the quarter. Swiss National Bank’s holdings in Plexus were worth $6,982,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the business. Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in Plexus during the first quarter worth about $529,000. XTX Topco Ltd bought a new stake in shares of Plexus during the 1st quarter valued at about $1,092,000. Jefferies Financial Group Inc. purchased a new position in shares of Plexus during the first quarter worth about $399,000. PNC Financial Services Group Inc. increased its position in shares of Plexus by 14.2% in the first quarter. PNC Financial Services Group Inc. now owns 2,287 shares of the technology company’s stock worth $293,000 after purchasing an additional 284 shares during the last quarter. Finally, R Squared Ltd raised its stake in Plexus by 458.6% in the first quarter. R Squared Ltd now owns 1,620 shares of the technology company’s stock valued at $208,000 after purchasing an additional 1,330 shares in the last quarter. Institutional investors own 94.45% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on PLXS shares. Needham & Company LLC boosted their price target on shares of Plexus from $158.00 to $165.00 and gave the stock a “buy” rating in a research note on Thursday, October 23rd. Wall Street Zen lowered shares of Plexus from a “buy” rating to a “hold” rating in a research report on Saturday, November 22nd. Stifel Nicolaus set a $150.00 target price on Plexus in a research note on Friday, October 24th. Williams Trading set a $165.00 price target on Plexus in a research note on Monday, September 22nd. Finally, Sidoti cut Plexus from a “buy” rating to a “neutral” rating and set a $150.00 price objective for the company. in a report on Friday, October 24th. Two equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, Plexus currently has an average rating of “Hold” and an average price target of $159.00.

Plexus Price Performance

Shares of NASDAQ:PLXS opened at $143.12 on Monday. The company has a quick ratio of 0.77, a current ratio of 1.58 and a debt-to-equity ratio of 0.06. The stock has a market cap of $3.83 billion, a PE ratio of 22.86 and a beta of 0.80. The company’s fifty day moving average is $143.36 and its 200 day moving average is $137.02. Plexus Corp. has a 52 week low of $103.43 and a 52 week high of $172.89.

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

Insider Buying and Selling

In other news, CEO Todd P. Kelsey sold 2,000 shares of the stock in a transaction that occurred on Tuesday, November 4th. The stock was sold at an average price of $143.50, for a total transaction of $287,000.00. Following the completion of the sale, the chief executive officer owned 60,714 shares of the company’s stock, valued at approximately $8,712,459. This represents a 3.19% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CAO Angelo Michael Ninivaggi, Jr. sold 1,347 shares of the firm’s stock in a transaction that occurred on Wednesday, November 26th. The stock was sold at an average price of $144.93, for a total transaction of $195,220.71. Following the completion of the transaction, the chief accounting officer owned 21,544 shares in the company, valued at $3,122,371.92. This represents a 5.88% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 14,172 shares of company stock valued at $2,013,815. 1.76% of the stock is owned by insiders.

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.