--- title: "Plexus Corp. $PLXS Shares Sold by Assenagon Asset Management S.A." type: "News" locale: "en" url: "https://longbridge.com/en/news/295994161.md" description: "Assenagon Asset Management S.A. reduced its Plexus Corp. (PLXS) holdings by 64.9% in Q2, leaving 5,321 shares valued at $1.6 million. Other institutions like Covestor and Allworth increased stakes. Meanwhile, insiders CEO Todd Kelsey and Director Michael Schrock sold shares under Rule 10b5-1 plans. Analysts maintain positive sentiment with Buy ratings and raised EPS forecasts, despite a high P/E ratio of ~39." datetime: "2026-08-15T07:12:42.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/295994161.md) - [en](https://longbridge.com/en/news/295994161.md) - [zh-HK](https://longbridge.com/zh-HK/news/295994161.md) --- # Plexus Corp. $PLXS Shares Sold by Assenagon Asset Management S.A. Assenagon Asset Management S.A. lowered its holdings in shares of Plexus Corp. (NASDAQ:PLXS - Free Report) by 64.9% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,321 shares of the technology company's stock after selling 9,820 shares during the period. Assenagon Asset Management S.A.'s holdings in Plexus were worth $1,600,000 as of its most recent SEC filing. - This mid-cap tech stock just jumped 30%...and is still cheap Other institutional investors also recently added to or reduced their stakes in the company. Covestor Ltd increased its holdings 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 in the last quarter. Allworth Financial LP raised its position in Plexus by 20.8% during the fourth quarter. Allworth Financial LP now owns 302 shares of the technology company's stock valued at $44,000 after buying an additional 52 shares during the period. Harbor Investment Advisory LLC purchased a new stake in Plexus in the 2nd quarter worth about $108,000. Johnson Financial Group Inc. purchased a new stake in Plexus in the 3rd quarter worth about $72,000. Finally, Farther Finance Advisors LLC boosted its position in Plexus by 114.7% during the 4th quarter. Farther Finance Advisors LLC now owns 511 shares of the technology company's stock worth $75,000 after acquiring an additional 273 shares during the period. Institutional investors and hedge funds own 94.45% of the company's stock. ## Plexus News Roundup Here are the key news stories impacting Plexus this week: - Positive Sentiment: Needham analyst David Williams reiterated a **Buy** rating and maintained a $310 price target, implying roughly 16% upside from the recently referenced share price. The analyst cited a stronger revenue outlook. Analyst reiterates Buy on Plexus as revenue outlook surges - Positive Sentiment: Zacks Research upgraded Plexus from **Hold** to **Strong Buy** and sharply increased its EPS forecasts across fiscal 2026-2028. Estimates rose to $7.02 for fiscal 2026, $8.50 for fiscal 2027 and $9.42 for fiscal 2028, indicating expectations for accelerating profitability. Earnings estimates rising for Plexus - Positive Sentiment: The company’s latest quarterly report showed EPS of $2.32 versus the $2.13 consensus estimate and revenue of $1.30 billion versus expectations of $1.23 billion. Revenue increased 28.2% year over year, while fourth-quarter guidance calls for EPS of $2.47 to $2.63. - Positive Sentiment: Recent institutional activity was supportive, including new or expanded positions by BlackRock, Bank of New York Mellon and Victory Capital. Institutions and hedge funds collectively own approximately 94.45% of PLXS shares. - Neutral Sentiment: Despite the bullish revisions, Plexus trades at a relatively elevated valuation, with a price-to-earnings ratio near 39. Consensus analyst coverage remains favorable overall, with an average rating of Buy and a consensus price target near $273. - Negative Sentiment: Director Michael Schrock sold 4,000 shares for approximately $1.1 million, reducing his position by 9.02%. The transaction was conducted under a pre-arranged Rule 10b5-1 plan, which reduces its significance as a discretionary bearish signal. Plexus director sells stock ## Insider Buying and Selling at Plexus In other news, CEO Todd P. Kelsey sold 1,500 shares of the firm's stock in a transaction dated Wednesday, May 20th. The shares were sold at an average price of $252.77, for a total value of $379,155.00. Following the transaction, the chief executive officer owned 72,388 shares of the company's stock, valued at approximately $18,297,514.76. This trade represents a 2.03% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Michael V. Schrock sold 4,000 shares of Plexus stock in a transaction that occurred on Tuesday, August 11th. The stock was sold at an average price of $275.00, for a total transaction of $1,100,000.00. Following the sale, the director owned 40,329 shares of the company's stock, valued at approximately $11,090,475. This represents a 9.02% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders have sold 9,510 shares of company stock worth $2,625,182. Company insiders own 1.78% of the company's stock. ## Plexus Trading Up 1.3% Shares of PLXS stock opened at $267.41 on Friday. The company has a market capitalization of $7.16 billion, a P/E ratio of 39.44 and a beta of 0.90. Plexus Corp. has a 12-month low of $126.86 and a 12-month high of $307.06. The company has a quick ratio of 0.72, a current ratio of 1.49 and a debt-to-equity ratio of 0.06. The firm has a 50-day moving average price of $272.41 and a 200 day moving average price of $240.31. Plexus (NASDAQ:PLXS - Get Free Report) last issued its quarterly earnings data on Wednesday, July 29th. The technology company reported $2.32 earnings per share for the quarter, topping the consensus estimate of $2.13 by $0.19. Plexus had a net margin of 4.03% and a return on equity of 12.46%. The firm had revenue of $1.30 billion for the quarter, compared to analysts' expectations of $1.23 billion. During the same period in the prior year, the firm earned $1.64 earnings per share. The company's quarterly revenue was up 28.2% compared to the same quarter last year. Plexus has set its Q4 2026 guidance at 2.470-2.630 EPS. Research analysts forecast that Plexus Corp. will post 7.11 earnings per share for the current fiscal year. ## Wall Street Analyst Weigh In Several analysts have commented on PLXS shares. Wall Street Zen raised shares of Plexus from a "hold" rating to a "buy" rating in a research report on Saturday, May 2nd. Zacks Research upgraded shares of Plexus from a "hold" rating to a "strong-buy" rating in a report on Tuesday. Sidoti upgraded Plexus from a "neutral" rating to a "buy" rating and set a $308.00 target price for the company in a report on Friday, July 31st. Raymond James Financial reaffirmed an "outperform" rating and set a $275.00 target price on shares of Plexus in a research report on Thursday, April 30th. Finally, Weiss Ratings downgraded Plexus from a "buy (b)" rating to a "buy (b-)" rating in a report on Tuesday. One investment analyst has rated the stock with a Strong Buy rating and six have assigned a Buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Buy" and an average target price of $273.00. **Check Out Our Latest Stock Report on Plexus** ## Plexus Profile (Free Report) 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. ## Featured Stories - Five stocks we like better than Plexus - Sony and TSMC’s $4.7 Billion Venture Is About More Than Camera Sensors - Quantum Leaps: Debt-Free as AI Storage Demand Accelerates - NVIDIA's $500 Billion GPU Financing Deal Fuels Path Toward $270 - Sandisk’s Margins Look Like Software. Can They Last? _This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com._ Continue following MarketBeat Add MarketBeat as your preferred source on Google to see our latest stories in your feed. Add As Preferred Source ## Should You Invest $1,000 in Plexus Right Now? 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