Plexus Corp. $PLXS Shares Sold by KLP Kapitalforvaltning AS

KLP Kapitalforvaltning AS cut its holdings in shares of Plexus Corp. (NASDAQ:PLXS) by 49.1% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 5,800 shares of the technology company’s stock after selling 5,600 shares during the period. KLP Kapitalforvaltning AS’s holdings in Plexus were worth $839,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Salomon & Ludwin LLC purchased a new position in shares of Plexus during the 3rd quarter valued at about $30,000. Huntington National Bank grew its holdings in Plexus by 41.5% during the second quarter. Huntington National Bank now owns 324 shares of the technology company’s stock worth $44,000 after acquiring an additional 95 shares during the period. CWM LLC raised its position in Plexus by 65.7% during 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 in the last quarter. EverSource Wealth Advisors LLC lifted its holdings in Plexus by 583.3% in the second quarter. EverSource Wealth Advisors LLC now owns 574 shares of the technology company’s stock valued at $78,000 after acquiring an additional 490 shares during the period. Finally, TD Private Client Wealth LLC boosted its position in Plexus by 31.5% in the 2nd quarter. TD Private Client Wealth LLC now owns 676 shares of the technology company’s stock worth $91,000 after purchasing an additional 162 shares in the last quarter. 94.45% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Plexus

In related news, CAO Angelo Michael Ninivaggi, Jr. sold 1,347 shares of the business’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 sale, the chief accounting officer directly owned 21,544 shares in the company, valued at approximately $3,122,371.92. The trade was a 5.88% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Todd P. Kelsey sold 2,000 shares of the firm’s stock in a transaction on Tuesday, November 4th. The shares were sold at an average price of $143.50, for a total value of $287,000.00. Following the completion of the transaction, the chief executive officer owned 60,714 shares in the company, valued at $8,712,459. The trade was a 3.19% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders sold 11,672 shares of company stock valued at $1,668,190. Insiders own 1.78% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on PLXS shares. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Plexus in a report on Wednesday, October 8th. Stifel Nicolaus set a $150.00 price objective on shares of Plexus in a report on Friday, October 24th. Williams Trading set a $165.00 target price on shares of Plexus in a research note on Monday, September 22nd. Wall Street Zen lowered Plexus from a “buy” rating to a “hold” rating in a research note on Saturday, November 22nd. Finally, Benchmark reaffirmed a “buy” rating and issued a $165.00 price target on shares of Plexus in a report on Friday, October 24th. Two analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat, Plexus presently has an average rating of “Hold” and an average target price of $159.00.

Plexus Stock Up 7.5%

Shares of NASDAQ PLXS opened at $172.35 on Wednesday. The firm has a market cap of $4.61 billion, a price-to-earnings ratio of 27.53 and a beta of 0.81. The company’s 50-day simple moving average is $149.49 and its 200-day simple moving average is $141.91. The company has a quick ratio of 0.77, a current ratio of 1.58 and a debt-to-equity ratio of 0.06. Plexus Corp. has a 52-week low of $103.43 and a 52-week high of $172.89.

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

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.