Farrow Financial Inc. Sells 3,367 Shares of Plexus Corp. $PLXS

Farrow Financial Inc. reduced its position in Plexus Corp. (NASDAQ:PLXS) by 19.6% in the first quarter, Holdings Channel.com reports. The fund owned 13,848 shares of the technology company’s stock after selling 3,367 shares during the period. Plexus makes up about 1.6% of Farrow Financial Inc.’s investment portfolio, making the stock its 21st largest position. Farrow Financial Inc.’s holdings in Plexus were worth $2,805,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also modified their holdings of the company. Dimensional Fund Advisors LP raised its position in shares of Plexus by 0.5% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,373,457 shares of the technology company’s stock valued at $201,903,000 after purchasing an additional 7,051 shares during the period. State Street Corp lifted its position in shares of Plexus by 2.3% in the second quarter. State Street Corp now owns 1,059,501 shares of the technology company’s stock valued at $143,361,000 after acquiring an additional 24,115 shares in the last quarter. Geode Capital Management LLC boosted its stake in shares of Plexus by 0.6% in the fourth quarter. Geode Capital Management LLC now owns 672,614 shares of the technology company’s stock worth $98,890,000 after acquiring an additional 4,054 shares during the period. Fuller & Thaler Asset Management Inc. grew its position in shares of Plexus by 5.8% during the fourth quarter. Fuller & Thaler Asset Management Inc. now owns 446,705 shares of the technology company’s stock worth $65,666,000 after purchasing an additional 24,441 shares in the last quarter. Finally, Nuveen LLC grew its position in shares of Plexus by 12.2% during the fourth quarter. Nuveen LLC now owns 390,998 shares of the technology company’s stock worth $57,477,000 after purchasing an additional 42,501 shares in the last quarter. 94.45% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

PLXS has been the topic of several research analyst reports. Needham & Company LLC boosted their target price on shares of Plexus from $285.00 to $310.00 and gave the stock a “buy” rating in a report on Monday, June 1st. Zacks Research cut shares of Plexus from a “hold” rating to a “strong sell” rating in a research note on Wednesday, May 20th. Weiss Ratings upgraded shares of Plexus from a “buy (b-)” rating to a “buy (b)” rating in a report on Monday. Raymond James Financial reiterated an “outperform” rating and issued a $275.00 price target on shares of Plexus in a research note on Thursday, April 30th. Finally, Wall Street Zen upgraded Plexus from a “hold” rating to a “buy” rating in a research report on Saturday, May 2nd. Five investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, Plexus presently has a consensus rating of “Moderate Buy” and an average price target of $246.67.

Insider Activity

In related news, CEO Todd P. Kelsey sold 3,000 shares of the firm’s stock in a transaction that occurred on Tuesday, May 5th. The stock was sold at an average price of $268.45, for a total transaction of $805,350.00. Following the completion of the sale, the chief executive officer directly owned 74,888 shares of the company’s stock, valued at approximately $20,103,683.60. This trade represents a 3.85% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Angelo Michael Ninivaggi, Jr. sold 3,270 shares of the stock in a transaction on Friday, May 8th. The stock was sold at an average price of $264.75, for a total value of $865,732.50. Following the completion of the sale, the executive vice president owned 16,266 shares in the company, valued at approximately $4,306,423.50. The trade was a 16.74% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders have sold 21,981 shares of company stock valued at $5,855,318. 1.78% of the stock is currently owned by insiders.

Plexus Price Performance

NASDAQ:PLXS opened at $267.27 on Friday. The firm has a market capitalization of $7.15 billion, a price-to-earnings ratio of 39.07 and a beta of 0.88. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.54 and a quick ratio of 0.74. The business has a 50 day simple moving average of $275.70 and a 200-day simple moving average of $223.30. Plexus Corp. has a 1 year low of $115.35 and a 1 year high of $307.06.

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

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.