Jump Financial LLC Buys New Shares in Plexus Corp. $PLXS

Key Points

• Jump Financial LLC has acquired 13,515 shares of Plexus Corp. (NASDAQ: PLXS), valued at approximately $1.73 million, marking a significant new position for the institutional investor.
• Multiple large investors, including Aquatic Capital Management and Versant Capital Management, have substantially increased their stakes in Plexus, indicating strong institutional interest in the company.
• Plexus Corp. recently reported $1.90 earnings per share for the last quarter, surpassing analyst expectations, with a projected earnings guidance of 1.820-1.970 EPS for Q4 2025.

Jump Financial LLC bought a new position in shares of Plexus Corp. (NASDAQ:PLXS - Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 13,515 shares of the technology company's stock, valued at approximately $1,732,000.

Several other large investors also recently made changes to their positions in PLXS. GAMMA Investing LLC raised its position in shares of Plexus by 49.6% during the first quarter. GAMMA Investing LLC now owns 1,333 shares of the technology company's stock worth $171,000 after purchasing an additional 442 shares during the period. SG Americas Securities LLC acquired a new stake in Plexus during the 1st quarter worth about $917,000. Ritholtz Wealth Management acquired a new position in shares of Plexus in the 1st quarter valued at about $285,000. Deutsche Bank AG increased its holdings in shares of Plexus by 22.8% in the 1st quarter. Deutsche Bank AG now owns 47,997 shares of the technology company's stock valued at $6,150,000 after purchasing an additional 8,921 shares during the period. Finally, Meeder Asset Management Inc. acquired a new position in shares of Plexus in the 1st quarter valued at about $121,000. Institutional investors own 94.45% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms have weighed in on PLXS. Wall Street Zen lowered shares of Plexus from a "strong-buy" rating to a "buy" rating in a research note on Saturday, August 16th. Benchmark reissued a "buy" rating and set a $160.00 target price on shares of Plexus in a research note on Wednesday, June 4th. Stifel Nicolaus set a $140.00 target price on Plexus in a research report on Thursday, July 24th. Sidoti raised shares of Plexus from a "neutral" rating to a "buy" rating and lifted their price objective for the company from $135.00 to $150.00 in a research note on Friday, July 25th. Finally, Needham & Company LLC lowered their price target on Plexus from $162.00 to $158.00 and set a "buy" rating on the stock in a report on Thursday, July 24th. Three analysts have rated the stock with a Buy rating and two have given a Hold rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $152.00.

Plexus Price Performance

Shares of PLXS stock traded down $2.61 during mid-day trading on Monday, reaching $137.01. The company's stock had a trading volume of 108,424 shares, compared to its average volume of 137,624. Plexus Corp. has a 1-year low of $103.43 and a 1-year high of $172.89. The company has a market cap of $3.70 billion, a P/E ratio of 23.34 and a beta of 0.82. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.74 and a current ratio of 1.58. The firm's 50-day moving average is $133.13 and its two-hundred day moving average is $129.89.

Plexus (NASDAQ:PLXS - Get Free Report) last posted its quarterly earnings results on Wednesday, July 23rd. The technology company reported $1.90 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.71 by $0.19. The firm had revenue of $1.02 billion during the quarter, compared to analyst estimates of $1.02 billion. Plexus had a net margin of 4.04% and a return on equity of 12.33%. The company's quarterly revenue was up 6.0% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.45 earnings per share. Plexus has set its Q4 2025 guidance at 1.820-1.970 EPS. On average, research analysts predict that Plexus Corp. will post 5.9 earnings per share for the current year.

Insiders Place Their Bets

In other news, CFO Patrick John Jermain sold 2,500 shares of the business's stock in a transaction that occurred on Wednesday, August 27th. The stock was sold at an average price of $137.71, for a total value of $344,275.00. Following the transaction, the chief financial officer directly owned 20,959 shares of the company's stock, valued at $2,886,263.89. The trade was a 10.66% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Victor (Pang Hau) Tan sold 3,000 shares of the company's stock in a transaction dated Thursday, August 28th. The shares were sold at an average price of $139.00, for a total transaction of $417,000.00. Following the transaction, the insider owned 8,723 shares in the company, valued at approximately $1,212,497. The trade was a 25.59% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 12,856 shares of company stock worth $1,725,080 over the last ninety days. 1.76% of the stock is owned by insiders.

About Plexus

Plexus Corp. provides electronic manufacturing services in the United States and internationally. It offers design, develop, supply chain, new product introduction, and manufacturing solutions, as well as sustaining services to companies in the healthcare/life sciences, industrial/commercial, aerospace/defense, and communications market sectors.