PLEXUS CORP.
In the published model solve dated 2026-Q2, anchored at $274.72, PLEXUS CORP. (PLXS) is priced for today's economics sustained for ~7.8 years. boothcheck publishes no house fair value, target price, or buy/sell rating; individual model outputs and user-controlled scenarios are analytical inputs, not Boothcheck targets. The narrative was composed June 28, 2026 from SEC EDGAR filings.
- At about $300 the market pays roughly 36 times company-wide operating income for a contract manufacturer that runs a 5% operating margin, and only the growth-DCF frame reaches the price. The asset, earnings-power, and peer-multiple frames all sit well below it, so the premium is a bet on durable compounding the static methods cannot price. - That bet implies operating profit growing near its self-funding ceiling for about nine years, which the engine flags as elevated; only about 17% of compar
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369 institutional managers reported holding PLXS in 13F filings for the quarter ended 2026-03-31. 77 opened new positions that quarter. Held by BlackRock, Vanguard Group, Dimensional Fund Advisors, among others. On the short side, 882k shares were sold short as of the 2026-06-15 count, about 3% of shares outstanding (2.8 days of typical volume to cover).
Quarterly 13F filings arrive up to 45 days after quarter end, so the picture is never current (filed through 2026-05-29). Nothing here is investment advice.
PLXS has cut its share count 6.2% over the past five years, spending $285.04M on repurchases. It pays no dividend. Cash returned over the past three years: $167.97M in repurchases.
Share counts are split-adjusted; repurchase totals are gross of share issuance. Nothing here is investment advice.
No open-market insider buys on file at PLXS over the trailing three years. Absence is a fact about the company, not a signal. 17 officers and directors are on file.
Code P open-market purchases from SEC Form 4 filings, non-derivative, excluding scheduled 10b5-1 plans. Nothing here is investment advice.
PLXS's recent reports: the day-one move, then what the following quarter actually did.
| report | day one | next quarter |
|---|---|---|
| 2023-08-05 | -3.9% | -5.3% |
| 2023-11-18 | +5.9% | -7.5% |
| 2024-02-03 | -5.1% | -1.6% |
| 2024-05-04 | +2.6% | -1.2% |
Day-one is the close-to-close move around the filing. Nothing here is investment advice.
PLXS's latest 8-K filings: 2026-07-29 (items 2.02, 9.01); 2026-06-08 (items 1.01, 2.03, 9.01); 2026-04-29 (items 2.02, 5.02, 9.01); 2026-02-19 (items 5.07, 9.01); 2026-01-28 (items 2.02, 9.01).
Item codes are the SEC's own classification of what each report discloses. Dates link to the filing on EDGAR. Nothing here is investment advice.
Model solve date: 2026-Q2
Narrative composed: June 28, 2026
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For informational and research purposes only. Not investment advice. Not a recommendation to buy, sell, or hold any security. boothcheck is not a registered investment adviser. Past performance does not guarantee future results.