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

Jefferies Financial Group Inc. purchased a new position in shares of Plexus Corp. (NASDAQ:PLXS) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 3,000 shares of the technology company’s stock, valued at approximately $902,000.

Other institutional investors have also modified their holdings of the company. Mitsubishi UFJ Asset Management Co. Ltd. purchased a new stake in shares of Plexus in the second quarter worth about $32,000. Covestor Ltd lifted its holdings 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 during the period. Kilter Group LLC purchased a new stake in Plexus in the 2nd quarter worth approximately $40,000. Allworth Financial LP boosted its position in Plexus by 20.8% in the 4th quarter. Allworth Financial LP now owns 302 shares of the technology company’s stock worth $44,000 after purchasing an additional 52 shares in the last quarter. Finally, Persistent Asset Partners Ltd acquired a new stake in shares of Plexus during the 2nd quarter worth approximately $71,000. Hedge funds and other institutional investors own 94.45% of the company’s stock.

Analyst Ratings Changes

PLXS has been the subject of several analyst reports. Zacks Research upgraded shares of Plexus from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, August 11th. Sidoti upgraded shares of 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 target price on shares of Plexus from $280.00 to $330.00 and gave the stock a “buy” rating in a research note on Monday, June 22nd. Needham & Company LLC restated a “buy” rating and set a $310.00 target price on shares of Plexus in a research report on Friday, August 14th. Finally, Weiss Ratings lowered Plexus from a “buy (b)” rating to a “buy (b-)” rating in a research note on Tuesday, August 11th. One analyst has rated the stock with a Strong Buy rating and six have given a Buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Buy” and an average target price of $273.00.

Insider Buying and Selling at Plexus

In related news, Director Michael V. Schrock sold 4,000 shares of the company’s stock in a transaction dated Tuesday, August 11th. The shares were sold at an average price of $275.00, for a total transaction of $1,100,000.00. Following the completion of the transaction, the director owned 40,329 shares in the company, valued at $11,090,475. This represents a 9.02% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Todd P. Kelsey sold 1,500 shares of the firm’s stock in a transaction dated Wednesday, June 17th. The shares were sold at an average price of $294.98, for a total transaction of $442,470.00. Following the completion of the transaction, the chief executive officer directly owned 68,888 shares in the company, valued at $20,320,582.24. This represents a 2.13% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 8,510 shares of company stock valued at $2,347,747 over the last ninety days. Corporate insiders own 1.78% of the company’s stock.

Plexus Stock Performance

Shares of NASDAQ:PLXS opened at $240.87 on Monday. Plexus Corp. has a 1 year low of $132.03 and a 1 year high of $307.06. The firm has a market capitalization of $6.45 billion, a price-to-earnings ratio of 35.53 and a beta of 0.90. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.49 and a quick ratio of 0.72. The business’s 50 day moving average price is $263.63 and its 200-day moving average price is $244.22.

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

About Plexus

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.