Plexus Corp (PLXS)

Plexus Corp. has announced a new $100 million share repurchase program, approved by its Board of Directors on August 20, 2026. This new program will commence once the existing $100 million buyback plan expires, under which $9.6 million remained as of August 19, 2026. The company noted that there is no fixed schedule or obligation for these repurchases, allowing flexibility based on market conditions and other factors.

Plexus Corp. has announced an equity buyback program, authorizing the repurchase of up to $100 million worth of its shares. This decision was published on August 24, 2026, and reflects a move by the company's board.

Tocqueville Asset Management L.P. recently acquired a new position in Plexus Corp. (NASDAQ:PLXS), purchasing 5,800 shares valued at approximately $1.74 million. This move is part of broader institutional investment, with various hedge funds also adjusting their stakes in the technology company. Analysts maintain a positive outlook on Plexus, with an average "Buy" rating and a target price of $273.

BlackRock Inc. has acquired a significant new stake in Plexus Corp. (NASDAQ:PLXS), purchasing 4,362,360 shares valued at approximately $1.31 billion in the second quarter, making it the largest institutional holder with 16.30% ownership. Other institutional investors have also adjusted their positions in Plexus, which saw its stock trading down 1.0% recently. The company reported strong Q2 earnings, beating analyst estimates, and analysts have a "Buy" consensus rating for the stock.

Plexus Corp's President & CEO, Todd Kelsey, sold 1,500 shares of PLXS for approximately $376,470. This sale is part of a larger trend of insider selling at the company, with 43 insider sells and zero buys over the past year. Despite some institutional investors adding to their positions, the stock is considered significantly overvalued based on its GF Value, trading at a price-to-GF-Value ratio of 1.54.