Dakota Wealth Management Takes $534,000 Position in Plexus Corp. $PLXS

Dakota Wealth Management acquired a new stake in shares of Plexus Corp. (NASDAQ:PLXS) in the fourth quarter, HoldingsChannel reports. The institutional investor acquired 3,632 shares of the technology company’s stock, valued at approximately $534,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Salomon & Ludwin LLC bought a new stake in Plexus during the 3rd quarter worth approximately $30,000. Allworth Financial LP boosted its position in shares of Plexus by 70.1% in the third quarter. Allworth Financial LP now owns 250 shares of the technology company’s stock worth $36,000 after purchasing an additional 103 shares during the period. Johnson Financial Group Inc. bought a new position in shares of Plexus in the third quarter worth approximately $72,000. EverSource Wealth Advisors LLC increased its stake in shares of Plexus by 583.3% in the second quarter. EverSource Wealth Advisors LLC now owns 574 shares of the technology company’s stock worth $78,000 after purchasing an additional 490 shares in the last quarter. Finally, Smartleaf Asset Management LLC increased its stake in shares of 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 purchasing an additional 200 shares in the last quarter. 94.45% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on PLXS shares. Wall Street Zen cut shares of Plexus from a “buy” rating to a “hold” rating in a research note on Sunday, March 8th. Weiss Ratings upgraded Plexus from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday, March 6th. Stifel Nicolaus raised their price target on Plexus from $150.00 to $200.00 and gave the company a “hold” rating in a report on Friday, January 30th. Williams Trading set a $195.00 price objective on Plexus in a research report on Wednesday, January 28th. Finally, Zacks Research raised Plexus from a “hold” rating to a “strong-buy” rating in a research note on Friday, February 6th. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Plexus currently has an average rating of “Moderate Buy” and a consensus price target of $194.20.

Insiders Place Their Bets

In other news, CFO Patrick John Jermain sold 2,321 shares of Plexus stock in a transaction dated Thursday, February 12th. The stock was sold at an average price of $201.12, for a total value of $466,799.52. Following the sale, the chief financial officer directly owned 14,561 shares of the company’s stock, valued at approximately $2,928,508.32. The trade was a 13.75% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Todd P. Kelsey sold 1,500 shares of the business’s stock in a transaction dated Wednesday, March 18th. The stock was sold at an average price of $194.24, for a total value of $291,360.00. Following the completion of the sale, the chief executive officer owned 81,791 shares in the company, valued at $15,887,083.84. This represents a 1.80% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 49,495 shares of company stock worth $10,009,836. 1.78% of the stock is owned by corporate insiders.

Plexus Trading Down 3.1%

Plexus stock opened at $192.97 on Tuesday. Plexus Corp. has a 1 year low of $103.43 and a 1 year high of $220.17. The firm’s 50 day moving average price is $195.86 and its 200-day moving average price is $165.09. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.59 and a quick ratio of 0.75. The stock has a market cap of $5.17 billion, a P/E ratio of 30.01 and a beta of 0.81.

Plexus (NASDAQ:PLXS) last issued its earnings results on Wednesday, January 28th. The technology company reported $1.78 earnings per share for the quarter, topping analysts’ consensus estimates of $1.77 by $0.01. The firm had revenue of $1.07 billion during the quarter, compared to analyst estimates of $1.07 billion. Plexus had a net margin of 4.28% and a return on equity of 12.39%. Plexus’s revenue for the quarter was up 9.6% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.73 earnings per share. Plexus has set its Q2 2026 guidance at 1.800-1.950 EPS. On average, equities analysts predict that Plexus Corp. will post 5.9 earnings per share for the current fiscal year.

About Plexus

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.