Hodges Capital Management Inc. Has $3.11 Million Stock Position in Plexus Corp. $PLXS

Hodges Capital Management Inc. reduced its holdings in shares of Plexus Corp. (NASDAQ:PLXS) by 14.6% in the 1st quarter, Holdings Channel.com reports. The fund owned 15,333 shares of the technology company’s stock after selling 2,617 shares during the period. Hodges Capital Management Inc.’s holdings in Plexus were worth $3,106,000 as of its most recent SEC filing.

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

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on PLXS shares. Zacks Research cut Plexus from a “hold” rating to a “strong sell” rating in a report on Wednesday, May 20th. Raymond James Financial reiterated an “outperform” rating and set a $275.00 target price on shares of Plexus in a report on Thursday, April 30th. Benchmark reissued a “buy” rating and set a $220.00 price target on shares of Plexus in a research report on Monday, March 16th. Stifel Nicolaus raised their price target on Plexus from $280.00 to $330.00 and gave the company a “buy” rating in a research note on Monday, June 22nd. Finally, Weiss Ratings lowered Plexus from a “buy (b)” rating to a “buy (b-)” rating in a research report on Thursday, June 11th. Five investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $246.67.

Plexus Price Performance

Shares of NASDAQ PLXS opened at $275.20 on Tuesday. The company has a quick ratio of 0.74, a current ratio of 1.54 and a debt-to-equity ratio of 0.06. The business’s 50 day moving average price is $274.51 and its two-hundred day moving average price is $220.60. The company has a market cap of $7.36 billion, a PE ratio of 40.23 and a beta of 0.88. Plexus Corp. has a twelve month low of $115.35 and a twelve month high of $307.06.

Plexus (NASDAQ:PLXS) last released its quarterly earnings data on Wednesday, April 29th. The technology company reported $2.05 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.87 by $0.18. Plexus had a return on equity of 12.84% and a net margin of 4.35%.The company had revenue of $1.16 billion during the quarter, compared to analysts’ expectations of $1.13 billion. During the same period last year, the firm posted $1.66 earnings per share. The business’s revenue was up 18.7% on a year-over-year basis. Plexus has set its Q3 2026 guidance at 2.020-2.180 EPS. On average, analysts predict that Plexus Corp. will post 5.98 EPS for the current year.

Insiders Place Their Bets

In related news, CEO Todd P. Kelsey sold 1,500 shares of the stock in a transaction on Wednesday, June 17th. The stock was sold at an average price of $294.98, for a total value of $442,470.00. Following the sale, the chief executive officer owned 68,888 shares in the company, valued at approximately $20,320,582.24. This represents a 2.13% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Victor (Pang Hau) Tan sold 3,000 shares of the firm’s stock in a transaction on Monday, May 11th. The shares were sold at an average price of $271.23, for a total value of $813,690.00. Following the sale, the insider directly owned 10,457 shares of the company’s stock, valued at $2,836,252.11. This represents a 22.29% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 21,981 shares of company stock worth $5,855,318 in the last quarter. Insiders own 1.78% of the company’s stock.

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.