Bridge City Capital LLC Cuts Position in Plexus Corp. $PLXS

Bridge City Capital LLC decreased its holdings in Plexus Corp. (NASDAQ:PLXS) by 14.2% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 15,228 shares of the technology company’s stock after selling 2,511 shares during the period. Bridge City Capital LLC owned approximately 0.06% of Plexus worth $2,239,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in PLXS. AQR Capital Management LLC raised its stake in shares of Plexus by 103.1% during the first quarter. AQR Capital Management LLC now owns 8,384 shares of the technology company’s stock valued at $1,074,000 after purchasing an additional 4,255 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in shares of Plexus by 4.6% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 15,971 shares of the technology company’s stock worth $2,046,000 after buying an additional 705 shares during the last quarter. United Services Automobile Association bought a new stake in shares of Plexus in the first quarter worth $218,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in Plexus by 12.9% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 79,584 shares of the technology company’s stock worth $10,197,000 after purchasing an additional 9,078 shares during the period. Finally, Cetera Investment Advisers acquired a new position in Plexus in the second quarter worth $309,000. Hedge funds and other institutional investors own 94.45% of the company’s stock.

Insider Activity

In other news, insider Victor (Pang Hau) Tan sold 3,000 shares of the business’s stock in a transaction on Monday, May 11th. The shares were sold at an average price of $271.23, for a total transaction of $813,690.00. Following the completion of the transaction, the insider owned 10,457 shares of the company’s stock, valued at approximately $2,836,252.11. The trade was a 22.29% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, EVP Angelo Michael Ninivaggi, Jr. sold 3,270 shares of the business’s stock in a transaction on Friday, May 8th. The shares were sold at an average price of $264.75, for a total transaction of $865,732.50. Following the transaction, the executive vice president directly owned 16,266 shares of the company’s stock, valued at approximately $4,306,423.50. This trade represents a 16.74% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 21,981 shares of company stock valued at $5,704,208. 1.78% of the stock is currently owned by company insiders.

Plexus Stock Performance

Shares of PLXS opened at $295.02 on Friday. Plexus Corp. has a 1 year low of $115.35 and a 1 year high of $299.00. The company has a market cap of $7.89 billion, a price-to-earnings ratio of 43.13 and a beta of 0.89. 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 firm has a fifty day moving average of $253.52 and a 200-day moving average of $204.46.

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

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the stock. Needham & Company LLC lifted their price objective on shares of Plexus from $285.00 to $310.00 and gave the stock a “buy” rating in a report on Monday, June 1st. Raymond James Financial reaffirmed an “outperform” rating and issued a $275.00 price objective on shares of Plexus in a report on Thursday, April 30th. Stifel Nicolaus set a $280.00 price objective on shares of Plexus in a report on Tuesday, May 26th. Weiss Ratings downgraded shares of Plexus from a “buy (b)” rating to a “buy (b-)” rating in a report on Thursday. Finally, Benchmark reaffirmed a “buy” rating and issued a $220.00 price objective on shares of Plexus in a report on Monday, March 16th. Five investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $238.33.

Plexus 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.