Vanguard Trims Plexus Stake to 14.9% as of Dec 29, 2023

TL;DR

**Vanguard slightly cut its Plexus stake to 14.9% as of Dec 29.**

AI Summary

The Vanguard Group, a major investment firm, filed an amendment to its SC 13G filing on February 13, 2024, indicating its ownership of 4,046,785 shares of Plexus Corp. common stock as of December 29, 2023. This represents 14.9% of Plexus Corp.'s outstanding shares, a slight decrease from their previous reported ownership. This matters to investors because Vanguard is a significant institutional holder, and changes in their stake can signal shifts in their investment thesis or simply reflect passive index fund adjustments.

Why It Matters

This filing shows that a major institutional investor, Vanguard, has slightly reduced its ownership percentage in Plexus Corp., which could be a minor signal to other investors about the stock's current attractiveness.

Risk Assessment

Risk Level: low — A minor adjustment by a large institutional investor like Vanguard typically poses a low risk, as it's often part of routine portfolio rebalancing rather than a strong bearish signal.

Analyst Insight

Investors should note Vanguard's continued significant, albeit slightly reduced, stake in Plexus Corp., but recognize that such minor adjustments by large passive funds are often not indicative of a strong directional view on the stock.

Key Numbers

• 4,046,785 — Shares Beneficially Owned (Represents the total number of Plexus Corp. common shares Vanguard holds.)
• 14.9% — Ownership Percentage (Indicates Vanguard's significant stake in Plexus Corp. relative to total outstanding shares.)
• December 29, 2023 — Event Date (The specific date when Vanguard's ownership percentage triggered the need for this filing.)

Key Players & Entities

• The Vanguard Group (company) — reporting person and institutional investor
• Plexus Corp (company) — subject company whose securities are being reported
• 4,046,785 (dollar_amount) — total shares beneficially owned by Vanguard
• 14.9% (dollar_amount) — percentage of Plexus Corp. common stock owned by Vanguard
• December 29, 2023 (date) — date of event requiring the filing
• February 13, 2024 (date) — date the SC 13G/A filing was made

Forward-Looking Statements

• Vanguard's ownership percentage in Plexus Corp. will remain relatively stable, with minor fluctuations due to passive index fund adjustments. (The Vanguard Group) — high confidence, target: Next 12 months

FAQ

Filing Documents

• tv01712-plexuscorp.htm (SC 13G/A) — 11KB
• 0001104659-24-021726.txt ( ) — 13KB

(a) - Name of Issuer

Item 1(a) - Name of Issuer: Plexus Corp

(b) - Address of Issuer's Principal Executive Offices

Item 1(b) - Address of Issuer's Principal Executive Offices: One Plexus Way Neenah, WI 54957-0156

(a) - Name of Person Filing

Item 2(a) - Name of Person Filing: The Vanguard Group - 23-1945930

(b) – Address of Principal Business Office or, if none, residence

Item 2(b) – Address of Principal Business Office or, if none, residence: 100 Vanguard Blvd. Malvern, PA 19355

(c) – Citizenship

Item 2(c) – Citizenship: Pennsylvania

(d) - Title of Class of Securities

Item 2(d) - Title of Class of Securities: Common Stock

(e) - CUSIP Number

Item 2(e) - CUSIP Number 729132100

- Type of Filing

Item 3 - Type of Filing: This statement is being filed pursuant to Rule 13d-1. An investment adviser in accordance with 240.13d-1(b)(1)(ii)(E).

- Ownership

Item 4 - Ownership: (a) Amount Beneficially Owned: (b) Percent of Class: (c) Number of shares as to which such person has: (i) sole power to vote or direct to vote: (ii) shared power to vote or direct to vote: (iii) sole power to dispose of or to direct the disposition of: (iv) shared power to dispose or to direct the disposition of: Comments: The responses to questions 5 through 9 and 11 on the cover page(s) are incorporated by reference into this Item 4.

- Ownership of Five Percent or Less of a Class

Item 5 - Ownership of Five Percent or Less of a Class: If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than 5 percent of the class of securities, check the following

- Ownership of More Than Five Percent on Behalf of Another Person

Item 6 - Ownership of More Than Five Percent on Behalf of Another Person: The Vanguard Group, Inc.'s clients, including investment companies registered under the Investment Company Act of 1940 and other managed accounts, have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, the securities reported herein. No one other person's interest in the securities reported herein is more than 5%. Item 7 - Identification and Classification of the Subsidiary Which Acquired The Security Being Reported on by the Parent Holding Company: Not applicable

- Identification and Classification of Members of Group

Item 8 - Identification and Classification of Members of Group: Not applicable

- Notice of Dissolution of Group

Item 9 - Notice of Dissolution of Group: Not applicable

- Certification

Item 10 - Certification: By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under 240.14a-11. Signature After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct. Date: February 13, 2024 By /s/ Ashley Grim Name: Ashley Grim Title: Head of Global Fund Administration

View Full Filing

View this SC 13G/A filing on SEC EDGAR