American Century Companies Inc. Boosts Stock Position in Plexus Corp. $PLXS

American Century Companies Inc. grew its stake in shares of Plexus Corp. (NASDAQ:PLXS) by 44.2% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,103,892 shares of the technology company’s stock after acquiring an additional 338,119 shares during the period. American Century Companies Inc.’s holdings in Plexus were worth $159,722,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the company. Salomon & Ludwin LLC bought a new stake in Plexus during the third quarter valued at $30,000. Huntington National Bank boosted its stake in Plexus by 41.5% during the 2nd quarter. Huntington National Bank now owns 324 shares of the technology company’s stock valued at $44,000 after purchasing an additional 95 shares in the last quarter. CWM LLC boosted its stake in Plexus by 65.7% during the 2nd quarter. CWM LLC now owns 537 shares of the technology company’s stock valued at $73,000 after purchasing an additional 213 shares in the last quarter. EverSource Wealth Advisors LLC lifted its holdings in Plexus by 583.3% in the 2nd 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 last quarter. Finally, Smartleaf Asset Management LLC grew its position in Plexus by 33.0% in the third quarter. Smartleaf Asset Management LLC now owns 806 shares of the technology company’s stock worth $115,000 after buying an additional 200 shares during the last quarter. Institutional investors own 94.45% of the company’s stock.

Wall Street Analyst Weigh In

PLXS has been the subject of a number of recent analyst reports. Zacks Research raised shares of Plexus from a “hold” rating to a “strong-buy” rating in a research note on Friday, February 6th. Needham & Company LLC raised their price target on Plexus from $165.00 to $206.00 and gave the company a “buy” rating in a research report on Friday, January 30th. Benchmark increased their target price on shares of Plexus from $165.00 to $195.00 and gave the company a “buy” rating in a research note on Wednesday, January 28th. Williams Trading set a $195.00 price objective on Plexus in a research note on Wednesday, January 28th. Finally, Wall Street Zen upgraded shares of Plexus from a “hold” rating to a “buy” rating in a research report on Saturday. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Plexus presently has an average rating of “Moderate Buy” and an average price target of $189.20.

Plexus Trading Down 2.4%

Shares of NASDAQ:PLXS opened at $194.13 on Monday. Plexus Corp. has a 12 month low of $103.43 and a 12 month high of $211.84. The company has a quick ratio of 0.75, a current ratio of 1.59 and a debt-to-equity ratio of 0.06. The company’s fifty day simple moving average is $180.10 and its 200 day simple moving average is $156.04. The firm has a market cap of $5.20 billion, a price-to-earnings ratio of 30.19 and a beta of 0.81.

Plexus (NASDAQ:PLXS) last posted its quarterly earnings data on Wednesday, January 28th. The technology company reported $1.78 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.77 by $0.01. Plexus had a net margin of 4.28% and a return on equity of 12.39%. The company had revenue of $1.07 billion for the quarter, compared to the consensus estimate of $1.07 billion. During the same period last year, the company earned $1.73 earnings per share. The firm’s revenue was up 9.6% compared to the same quarter last year. Plexus has set its Q2 2026 guidance at 1.800-1.950 EPS. As a group, research analysts forecast that Plexus Corp. will post 5.9 EPS for the current fiscal year.

Insider Transactions at Plexus

In other news, COO Oliver K. Mihm sold 9,541 shares of Plexus stock in a transaction dated Wednesday, February 18th. The shares were sold at an average price of $201.40, for a total value of $1,921,557.40. Following the completion of the transaction, the chief operating officer owned 12,809 shares of the company’s stock, valued at $2,579,732.60. This trade represents a 42.69% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CAO Angelo Michael Ninivaggi, Jr. sold 4,303 shares of the firm’s stock in a transaction that occurred on Thursday, February 5th. The shares were sold at an average price of $203.06, for a total value of $873,767.18. Following the completion of the sale, the chief accounting officer directly owned 20,099 shares of the company’s stock, valued at approximately $4,081,302.94. The trade was a 17.63% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 47,495 shares of company stock valued at $9,620,681. 1.78% of the stock is owned by company insiders.

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.