Tocqueville Asset Management L.P. Takes Position in Plexus Corp. $PLXS

Tocqueville Asset Management L.P. bought a new stake in Plexus Corp. (NASDAQ:PLXS) in the 2nd quarter, HoldingsChannel reports. The institutional investor bought 5,800 shares of the technology company’s stock, valued at approximately $1,744,000.

A number of other institutional investors have also added to or reduced their stakes in PLXS. Inspire Investing LLC increased its stake in Plexus by 1.6% during the fourth quarter. Inspire Investing LLC now owns 3,178 shares of the technology company’s stock valued at $467,000 after acquiring an additional 50 shares during the period. Allworth Financial LP lifted its position in shares of Plexus by 20.8% in the 4th quarter. Allworth Financial LP now owns 302 shares of the technology company’s stock worth $44,000 after acquiring an additional 52 shares during the period. Maryland State Retirement & Pension System lifted its position in shares of Plexus by 1.5% in the 4th quarter. Maryland State Retirement & Pension System now owns 3,940 shares of the technology company’s stock worth $579,000 after acquiring an additional 60 shares during the period. Trust Point Inc. grew its holdings in shares of Plexus by 5.5% during the 2nd quarter. Trust Point Inc. now owns 1,308 shares of the technology company’s stock worth $393,000 after purchasing an additional 68 shares in the last quarter. Finally, Oregon Public Employees Retirement Fund grew its holdings in shares of Plexus by 1.2% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 6,175 shares of the technology company’s stock worth $908,000 after purchasing an additional 71 shares in the last quarter. 94.45% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Plexus

In other news, CEO Todd P. Kelsey sold 1,500 shares of the company’s stock in a transaction that occurred on Wednesday, August 19th. The shares were sold at an average price of $250.98, for a total transaction of $376,470.00. Following the transaction, the chief executive officer directly owned 65,888 shares in the company, valued at approximately $16,536,570.24. This represents a 2.23% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Michael V. Schrock sold 4,000 shares of the stock in a transaction that occurred on Tuesday, August 11th. The shares were sold at an average price of $275.00, for a total transaction of $1,100,000.00. Following the sale, the director directly owned 40,329 shares in the company, valued at $11,090,475. This trade represents a 9.02% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders sold 9,510 shares of company stock worth $2,622,497. 1.78% of the stock is currently owned by corporate insiders.

Plexus Price Performance

Plexus stock opened at $241.91 on Friday. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.72 and a current ratio of 1.49. The firm has a market cap of $6.47 billion, a P/E ratio of 35.68 and a beta of 0.90. The business’s fifty day moving average is $270.14 and its two-hundred day moving average is $242.61. Plexus Corp. has a 52 week low of $126.86 and a 52 week high of $307.06.

Plexus (NASDAQ:PLXS) last announced its earnings results on Wednesday, July 29th. The technology company reported $2.32 EPS for the quarter, topping the consensus estimate of $2.13 by $0.19. Plexus had a return on equity of 12.46% and a net margin of 4.03%.The company had revenue of $1.30 billion for the quarter, compared to analysts’ expectations of $1.23 billion. During the same quarter in the prior year, the business earned $1.64 earnings per share. The business’s revenue for the quarter was up 28.2% on a year-over-year basis. Plexus has set its Q4 2026 guidance at 2.470-2.630 EPS. Equities research analysts forecast that Plexus Corp. will post 7.11 earnings per share for the current fiscal year.

Analyst Ratings Changes

PLXS has been the subject of a number of recent research reports. Zacks Research upgraded shares of Plexus from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, August 11th. Stifel Nicolaus increased their price objective on Plexus from $280.00 to $330.00 and gave the stock a “buy” rating in a research note on Monday, June 22nd. Needham & Company LLC reissued a “buy” rating and set a $310.00 price target on shares of Plexus in a report on Friday, August 14th. Sidoti upgraded shares of Plexus from a “neutral” rating to a “buy” rating and set a $308.00 price target on the stock in a research report on Friday, July 31st. Finally, Raymond James Financial reaffirmed an “outperform” rating and set a $275.00 price objective on shares of Plexus in a research note on Thursday, April 30th. One analyst has rated the stock with a Strong Buy rating and six have issued a Buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Buy” and a consensus target price of $273.00.

Plexus Company 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.