12,081 Shares in Plexus Corp. $PLXS Purchased by Jupiter Topco LLC

Jupiter Topco LLC purchased a new stake in Plexus Corp. (NASDAQ:PLXS) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 12,081 shares of the technology company’s stock, valued at approximately $3,629,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Hodges Capital Management Inc. increased its holdings in Plexus by 47.7% in the fourth quarter. Hodges Capital Management Inc. now owns 17,950 shares of the technology company’s stock valued at $2,639,000 after buying an additional 5,795 shares in the last quarter. Louisiana State Employees Retirement System purchased a new stake in shares of Plexus during the 1st quarter worth about $2,410,000. Jefferies Financial Group Inc. purchased a new stake in shares of Plexus during the 4th quarter worth about $2,182,000. Walleye Capital LLC acquired a new stake in shares of Plexus during the 2nd quarter valued at about $8,296,000. Finally, GSA Capital Partners LLP grew its position in shares of Plexus by 159.6% during the 4th quarter. GSA Capital Partners LLP now owns 14,638 shares of the technology company’s stock valued at $2,152,000 after acquiring an additional 8,999 shares during the period. Institutional investors and hedge funds own 94.45% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Insider Transactions at Plexus

In other Plexus news, Director Karen Marie Rapp sold 500 shares of Plexus stock in a transaction on Monday, August 31st. The shares were sold at an average price of $240.87, for a total transaction of $120,435.00. Following the sale, the director owned 7,535 shares of the company’s stock, valued at $1,814,955.45. The trade was a 6.22% decrease in their position. The sale 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, CEO Todd P. Kelsey sold 1,500 shares of the company’s stock in a transaction on Wednesday, August 19th. The stock was sold at an average price of $250.98, for a total transaction of $376,470.00. Following the sale, the chief executive officer directly owned 65,888 shares of the company’s stock, valued at $16,536,570.24. The trade was a 2.23% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 8,010 shares of company stock valued at $2,178,182 over the last ninety days. Company insiders own 1.78% of the company’s stock.

Plexus Trading Down 0.4%

Shares of Plexus stock opened at $238.57 on Wednesday. The firm has a market capitalization of $6.38 billion, a PE ratio of 35.19 and a beta of 0.89. Plexus Corp. has a twelve month low of $132.03 and a twelve month high of $307.06. The firm’s 50-day moving average price is $261.34 and its 200 day moving average price is $244.70. The company has a current ratio of 1.49, a quick ratio of 0.72 and a debt-to-equity ratio of 0.06.

Plexus (NASDAQ:PLXS) last posted its quarterly earnings data on Wednesday, July 29th. The technology company reported $2.32 EPS for the quarter, topping the consensus estimate of $2.13 by $0.19. Plexus had a return on equity of 12.46% and a net margin of 4.03%.The company had revenue of $1.30 billion during the quarter, compared to analyst estimates of $1.23 billion. During the same period in the previous year, the business earned $1.64 EPS. Plexus’s quarterly revenue was up 28.2% on a year-over-year basis. Plexus has set its Q4 2026 guidance at 2.470-2.630 EPS. On average, sell-side analysts predict that Plexus Corp. will post 7.11 EPS for the current fiscal year.

Plexus Company 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.