Farrow Financial Inc. Has $2.81 Million Stock Holdings in Plexus Corp. $PLXS

Farrow Financial Inc. lowered its holdings in Plexus Corp. (NASDAQ:PLXS) by 19.6% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 13,848 shares of the technology company’s stock after selling 3,367 shares during the period. Plexus comprises 1.6% of Farrow Financial Inc.’s holdings, making the stock its 21st largest position. Farrow Financial Inc. owned approximately 0.05% of Plexus worth $2,805,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Covestor Ltd raised its stake 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 buying an additional 162 shares during the period. Allworth Financial LP grew its stake in shares of Plexus by 70.1% during the 3rd quarter. Allworth Financial LP now owns 250 shares of the technology company’s stock worth $36,000 after acquiring an additional 103 shares during the period. Johnson Financial Group Inc. purchased a new stake in Plexus in the 3rd quarter worth about $72,000. Farther Finance Advisors LLC raised its stake in Plexus by 114.7% in the 4th quarter. Farther Finance Advisors LLC now owns 511 shares of the technology company’s stock valued at $75,000 after acquiring an additional 273 shares during the period. Finally, EverSource Wealth Advisors LLC raised its stake 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 period. Institutional investors own 94.45% of the company’s stock.

Insider Activity

In related news, EVP Angelo Michael Ninivaggi, Jr. sold 3,270 shares of the stock in a transaction dated Friday, May 8th. The shares were sold at an average price of $264.75, for a total value of $865,732.50. Following the completion of the transaction, the executive vice president directly owned 16,266 shares of the company’s stock, valued at $4,306,423.50. This represents a 16.74% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Victor (Pang Hau) Tan sold 3,000 shares of the firm’s stock in a transaction dated Monday, May 11th. The stock was sold at an average price of $271.23, for a total transaction of $813,690.00. Following the completion of the sale, the insider owned 10,457 shares of the company’s stock, valued at $2,836,252.11. This trade represents a 22.29% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 21,981 shares of company stock valued at $5,855,318. Company insiders own 1.78% of the company’s stock.

Plexus Stock Down 1.2%

Shares of Plexus stock opened at $267.27 on Friday. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.74 and a current ratio of 1.54. Plexus Corp. has a 52-week low of $115.35 and a 52-week high of $307.06. The stock has a market capitalization of $7.15 billion, a price-to-earnings ratio of 39.07 and a beta of 0.88. The company’s 50 day moving average price is $275.70 and its 200-day moving average price is $223.30.

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

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the stock. Benchmark restated a “buy” rating and set a $220.00 price target on shares of Plexus in a research note on Monday, March 16th. Stifel Nicolaus increased their target price on Plexus from $280.00 to $330.00 and gave the stock a “buy” rating in a research report on Monday, June 22nd. Needham & Company LLC raised their price target on Plexus from $285.00 to $310.00 and gave the stock a “buy” rating in a report on Monday, June 1st. Zacks Research lowered Plexus from a “hold” rating to a “strong sell” rating in a report on Wednesday, May 20th. Finally, Weiss Ratings raised Plexus from a “buy (b-)” rating to a “buy (b)” rating in a research note on Monday. Five research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Plexus presently has an average rating of “Moderate Buy” and a consensus target price of $246.67.

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.