Jefferies Financial Group Inc. Purchases Shares of 3,000 Plexus Corp. $PLXS

Jefferies Financial Group Inc. purchased a new stake in Plexus Corp. (NASDAQ:PLXS) during the second quarter, according to its most recent 13F filing with the SEC. The firm purchased 3,000 shares of the technology company’s stock, valued at approximately $902,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of PLXS. Mitsubishi UFJ Asset Management Co. Ltd. bought a new position in shares of Plexus during the 2nd quarter worth approximately $32,000. Kilter Group LLC acquired a new stake in Plexus in the second quarter valued at approximately $40,000. Persistent Asset Partners Ltd acquired a new stake in Plexus in the second quarter valued at approximately $71,000. Covestor Ltd boosted its stake in 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 acquiring an additional 162 shares in the last quarter. Finally, State of Wyoming purchased a new position in Plexus in the second quarter worth $81,000. Hedge funds and other institutional investors own 94.45% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently weighed in on PLXS. Sidoti raised Plexus from a “neutral” rating to a “buy” rating and set a $308.00 price objective for the company in a research report on Friday, July 31st. Stifel Nicolaus increased their price target on Plexus from $280.00 to $330.00 and gave the company a “buy” rating in a research note on Monday, June 22nd. Weiss Ratings downgraded Plexus from a “buy (b)” rating to a “buy (b-)” rating in a report on Tuesday, August 11th. Needham & Company LLC restated a “buy” rating and set a $310.00 price target on shares of Plexus in a research note on Friday, August 14th. Finally, Zacks Research upgraded Plexus from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, August 11th. One analyst has rated the stock with a Strong Buy rating and six have assigned a Buy rating to the company’s stock. Based on data from MarketBeat, Plexus presently has a consensus rating of “Buy” and an average target price of $273.00.

Plexus Stock Performance

NASDAQ:PLXS opened at $240.87 on Monday. Plexus Corp. has a 12 month low of $132.03 and a 12 month high of $307.06. The firm has a fifty day simple moving average of $263.63 and a 200-day simple moving average of $244.22. The company has a current ratio of 1.49, a quick ratio of 0.72 and a debt-to-equity ratio of 0.06. The company has a market capitalization of $6.45 billion, a P/E ratio of 35.53 and a beta of 0.90.

Plexus (NASDAQ:PLXS) last released its earnings results on Wednesday, July 29th. The technology company reported $2.32 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.13 by $0.19. The firm had revenue of $1.30 billion for the quarter, compared to the consensus estimate of $1.23 billion. Plexus had a return on equity of 12.46% and a net margin of 4.03%.The firm’s revenue was up 28.2% on a year-over-year basis. During the same period in the prior year, the firm earned $1.64 EPS. Plexus has set its Q4 2026 guidance at 2.470-2.630 EPS. On average, equities research analysts anticipate that Plexus Corp. will post 7.11 earnings per share for the current year.

Insider Activity

In related news, CEO Todd P. Kelsey sold 1,500 shares of Plexus stock in a transaction dated Wednesday, June 17th. The stock was sold at an average price of $294.98, for a total transaction of $442,470.00. Following the completion of the sale, the chief executive officer owned 68,888 shares of the company’s stock, valued at $20,320,582.24. The trade was a 2.13% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Michael J. Running sold 510 shares of the company’s stock in a transaction that occurred on Friday, June 5th. The shares were sold at an average price of $272.17, for a total value of $138,806.70. Following the completion of the sale, the insider owned 665 shares in the company, valued at approximately $180,993.05. This represents a 43.40% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 8,510 shares of company stock valued at $2,347,747. Company insiders own 1.78% of the company’s stock.

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.