Jupiter Topco LLC Invests $3.63 Million in Plexus Corp. $PLXS

Jupiter Topco LLC purchased a new stake in Plexus Corp. (NASDAQ:PLXS) in the second quarter, Holdings Channel reports. The firm purchased 12,081 shares of the technology company’s stock, valued at approximately $3,629,000.

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

Insider Activity at Plexus

In other news, Director Karen Marie Rapp sold 500 shares of the business’s stock in a transaction that occurred on Monday, August 31st. The shares were sold at an average price of $240.87, for a total value of $120,435.00. Following the sale, the director directly owned 7,535 shares of the company’s stock, valued at approximately $1,814,955.45. The trade was a 6.22% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Michael V. Schrock sold 4,000 shares of the company’s stock in a transaction that occurred on Tuesday, August 11th. The stock was 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 approximately $11,090,475. This represents a 9.02% decrease in their ownership of the stock. 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 8,010 shares of company stock valued at $2,178,182 in the last ninety days. Insiders own 1.78% of the company’s stock.

Analysts Set New Price Targets

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

Plexus Stock Performance

NASDAQ PLXS opened at $238.57 on Wednesday. The stock has a market cap of $6.38 billion, a PE ratio of 35.19 and a beta of 0.89. 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 Corp. has a twelve month low of $132.03 and a twelve month high of $307.06. The stock has a fifty day simple moving average of $261.34 and a 200-day simple moving average of $244.70.

Plexus (NASDAQ:PLXS) last issued its quarterly earnings data 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. Plexus had a net margin of 4.03% and a return on equity of 12.46%. The firm had revenue of $1.30 billion for the quarter, compared to analyst estimates of $1.23 billion. During the same period in the previous year, the firm earned $1.64 EPS. Plexus’s revenue was up 28.2% on a year-over-year basis. Plexus has set its Q4 2026 guidance at 2.470-2.630 EPS. Equities analysts anticipate that Plexus Corp. will post 7.11 earnings per share for the current 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.