Hillsdale Investment Management Inc. Trims Stock Holdings in Plexus Corp. $PLXS

Hillsdale Investment Management Inc. trimmed its holdings in Plexus Corp. (NASDAQ:PLXS) by 4.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 47,625 shares of the technology company’s stock after selling 2,300 shares during the quarter. Hillsdale Investment Management Inc.’s holdings in Plexus were worth $7,001,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of the business. Allworth Financial LP raised its holdings in shares of Plexus by 20.8% in the fourth quarter. Allworth Financial LP now owns 302 shares of the technology company’s stock worth $44,000 after buying an additional 52 shares during the period. Oregon Public Employees Retirement Fund raised its holdings in shares of Plexus by 1.2% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 6,175 shares of the technology company’s stock worth $908,000 after buying an additional 71 shares during the period. Uncommon Cents Investing LLC raised its holdings in shares of Plexus by 0.8% in the fourth quarter. Uncommon Cents Investing LLC now owns 9,925 shares of the technology company’s stock worth $1,459,000 after buying an additional 75 shares during the period. Choreo LLC raised its holdings in shares of Plexus by 1.9% in the fourth quarter. Choreo LLC now owns 5,131 shares of the technology company’s stock worth $767,000 after buying an additional 94 shares during the period. Finally, Arizona State Retirement System increased its holdings in Plexus by 1.3% during the 3rd 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 period. 94.45% of the stock is currently owned by hedge funds and other institutional investors.

Plexus Trading Up 0.2%

PLXS opened at $268.36 on Friday. The stock’s fifty day moving average is $237.81 and its two-hundred day moving average is $194.54. The company has a market capitalization of $7.18 billion, a P/E ratio of 39.23 and a beta of 0.88. Plexus Corp. has a 52 week low of $115.35 and a 52 week high of $275.83. The company has a quick ratio of 0.74, a current ratio of 1.54 and a debt-to-equity ratio of 0.06.

Plexus (NASDAQ:PLXS) last released its quarterly earnings data on Wednesday, April 29th. The technology company reported $2.05 EPS for the quarter, topping the consensus estimate of $1.87 by $0.18. The company 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%.Plexus’s quarterly revenue was up 18.7% on a year-over-year basis. During the same period last year, the business posted $1.66 EPS. Plexus has set its Q3 2026 guidance at 2.020-2.180 EPS. Analysts forecast that Plexus Corp. will post 5.98 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research analysts have commented on PLXS shares. Needham & Company LLC raised their price objective on Plexus from $206.00 to $285.00 and gave the stock a “buy” rating in a report on Friday, May 1st. Zacks Research downgraded Plexus from a “hold” rating to a “strong sell” rating in a report on Wednesday, May 20th. Weiss Ratings upgraded Plexus from a “buy (b-)” rating to a “buy (b)” rating in a report on Monday, May 11th. Benchmark restated a “buy” rating and set a $220.00 price objective on shares of Plexus in a report on Monday, March 16th. Finally, Wall Street Zen upgraded Plexus from a “hold” rating to a “buy” rating in a report on Saturday, May 2nd. Five analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $234.17.

Insider Buying and Selling at Plexus

In other Plexus news, insider Victor (Pang Hau) Tan sold 3,000 shares of the stock in a transaction on Monday, May 11th. The stock was sold at an average price of $271.23, for a total transaction of $813,690.00. Following the sale, the insider owned 10,457 shares of the company’s stock, valued at approximately $2,836,252.11. This trade represents a 22.29% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Angelo Michael Ninivaggi, Jr. sold 3,270 shares of the stock in a transaction on Friday, May 8th. The shares were sold at an average price of $264.75, for a total value of $865,732.50. Following the sale, the executive vice president directly owned 16,266 shares in the company, valued at $4,306,423.50. This trade represents a 16.74% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 20,471 shares of company stock valued at $5,275,401. 1.78% of the stock is currently owned by corporate insiders.

About Plexus

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.