OMERS ADMINISTRATION Corp Makes New Investment in Plexus Corp. $PLXS

OMERS ADMINISTRATION Corp bought a new stake in Plexus Corp. (NASDAQ:PLXS) in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 26,440 shares of the technology company’s stock, valued at approximately $7,950,000. OMERS ADMINISTRATION Corp owned approximately 0.10% of Plexus at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of PLXS. Mitsubishi UFJ Asset Management Co. Ltd. purchased a new stake in shares of Plexus in the 2nd quarter worth about $32,000. Kilter Group LLC acquired a new position in Plexus during the second quarter worth about $40,000. Persistent Asset Partners Ltd acquired a new position in Plexus during the second quarter worth about $71,000. Covestor Ltd lifted its holdings in shares of Plexus by 207.7% in the fourth quarter. Covestor Ltd now owns 240 shares of the technology company’s stock valued at $35,000 after purchasing an additional 162 shares in the last quarter. Finally, State of Wyoming purchased a new stake in shares of Plexus in the second quarter valued at about $81,000. Institutional investors and hedge funds own 94.45% of the company’s stock.

Insider Transactions at Plexus

In other news, insider Michael J. Running sold 510 shares of Plexus stock in a transaction that occurred on Friday, June 5th. The stock was sold at an average price of $272.17, for a total transaction of $138,806.70. Following the sale, the insider owned 665 shares of the company’s stock, valued at approximately $180,993.05. The trade was a 43.40% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Todd P. Kelsey sold 1,500 shares of the stock in a transaction on Wednesday, August 19th. The stock was sold at an average price of $250.98, for a total value of $376,470.00. Following the completion of the transaction, the chief executive officer directly owned 65,888 shares of the company’s stock, valued at approximately $16,536,570.24. The trade was a 2.23% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders sold 9,510 shares of company stock worth $2,622,497. Insiders own 1.78% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on the stock. Sidoti raised shares of Plexus from a “neutral” rating to a “buy” rating and set a $308.00 price objective for the company in a research note on Friday, July 31st. Weiss Ratings lowered Plexus from a “buy (b)” rating to a “buy (b-)” rating in a research note on Tuesday, August 11th. Needham & Company LLC reiterated a “buy” rating and set a $310.00 target price on shares of Plexus in a report on Friday, August 14th. Stifel Nicolaus raised their price target on Plexus from $280.00 to $330.00 and gave the stock a “buy” rating in a research report on Monday, June 22nd. Finally, Raymond James Financial reissued an “outperform” rating and issued a $275.00 price target on shares of Plexus in a report on Thursday, April 30th. One equities research analyst has rated the stock with a Strong Buy rating and six have given a Buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Buy” and an average target price of $273.00.

Plexus Trading Down 1.1%

Shares of PLXS opened at $237.61 on Tuesday. The stock’s 50-day moving average is $267.90 and its two-hundred day moving average is $243.10. Plexus Corp. has a 12 month low of $132.03 and a 12 month high of $307.06. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.49 and a quick ratio of 0.72. The stock has a market cap of $6.36 billion, a PE ratio of 35.05 and a beta of 0.90.

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