Principal Financial Group Inc. Acquires 3,477 Shares of Plexus Corp. $PLXS

Principal Financial Group Inc. lifted its holdings in Plexus Corp. (NASDAQ:PLXS) by 2.3% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 153,392 shares of the technology company’s stock after purchasing an additional 3,477 shares during the period. Principal Financial Group Inc.’s holdings in Plexus were worth $31,068,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the business. Fifth Third Bancorp increased its position in Plexus by 6,710.3% during the first quarter. Fifth Third Bancorp now owns 13,825 shares of the technology company’s stock worth $2,800,000 after buying an additional 13,622 shares during the last quarter. Sage Rhino Capital LLC bought a new stake in shares of Plexus during the 1st quarter worth about $214,000. Abel Hall LLC boosted its stake in shares of Plexus by 51.4% during the 1st quarter. Abel Hall LLC now owns 2,321 shares of the technology company’s stock worth $470,000 after acquiring an additional 788 shares in the last quarter. DGS Capital Management LLC bought a new stake in shares of Plexus during the 1st quarter worth about $235,000. Finally, QRG Capital Management Inc. increased its holdings in shares of Plexus by 15.8% during the 1st quarter. QRG Capital Management Inc. now owns 3,265 shares of the technology company’s stock valued at $661,000 after acquiring an additional 445 shares during the last quarter. 94.45% of the stock is currently owned by institutional investors.

Plexus Stock Performance

Shares of NASDAQ:PLXS opened at $250.63 on Monday. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.74 and a current ratio of 1.54. The stock’s 50-day moving average is $275.00 and its 200-day moving average is $227.35. The company has a market cap of $6.71 billion, a P/E ratio of 36.64 and a beta of 0.88. Plexus Corp. has a 52-week low of $115.35 and a 52-week 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, topping the consensus estimate of $1.87 by $0.18. Plexus had a return on equity of 12.84% and a net margin of 4.35%.The business had revenue of $1.16 billion during the quarter, compared to analysts’ expectations of $1.13 billion. During the same quarter in the previous year, the firm earned $1.66 EPS. The firm’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 research analysts predict that Plexus Corp. will post 5.98 earnings per share for the current year.

Analysts Set New Price Targets

A number of research analysts recently weighed in on PLXS shares. Zacks Research raised Plexus from a “strong sell” rating to a “hold” rating in a research note on Monday, July 13th. Stifel Nicolaus increased their price target on Plexus from $280.00 to $330.00 and gave the company a “buy” rating in a report on Monday, June 22nd. Weiss Ratings raised shares of Plexus from a “buy (b-)” rating to a “buy (b)” rating in a research report on Monday, July 6th. Wall Street Zen raised shares of Plexus from a “hold” rating to a “buy” rating in a research report on Saturday, May 2nd. Finally, Needham & Company LLC boosted their price objective on shares of Plexus from $285.00 to $310.00 and gave the stock a “buy” rating in a research note on Monday, June 1st. Five equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $246.67.

Insiders Place Their Bets

In other news, insider Victor (Pang Hau) Tan sold 3,000 shares of the company’s stock in a transaction that occurred 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 completion of the transaction, the insider directly owned 10,457 shares in the company, valued at $2,836,252.11. The trade was a 22.29% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Todd P. Kelsey sold 3,000 shares of the company’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 value of $805,350.00. Following the transaction, the chief executive officer 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 ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 20,481 shares of company stock valued at $5,519,183 in the last three months. Company insiders own 1.78% of the company’s stock.

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.