K.J. Harrison & Partners Inc Makes New $2.10 Million Investment in Plexus Corp. $PLXS

K.J. Harrison & Partners Inc bought a new stake in Plexus Corp. (NASDAQ:PLXS) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 7,000 shares of the technology company’s stock, valued at approximately $2,105,000.

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

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on PLXS shares. Weiss Ratings cut shares of Plexus from a “buy (b)” rating to a “buy (b-)” rating in a research report on Tuesday, August 11th. Sidoti upgraded shares of Plexus from a “neutral” rating to a “buy” rating and set a $308.00 price target on the stock in a report on Friday, July 31st. Raymond James Financial reissued an “outperform” rating and issued a $275.00 price objective on shares of Plexus in a research note on Thursday, April 30th. Wall Street Zen upgraded Plexus from a “hold” rating to a “buy” rating in a report on Saturday, May 2nd. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $310.00 target price on shares of Plexus in a research report on Friday. One equities research analyst has rated the stock with a Strong Buy rating and six have given a Buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Buy” and an average target price of $273.00.

Plexus Trading Up 2.5%

NASDAQ:PLXS opened at $274.20 on Tuesday. Plexus Corp. has a 52 week low of $126.86 and a 52 week high of $307.06. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.72 and a current ratio of 1.49. The firm’s fifty day moving average is $272.25 and its 200-day moving average is $241.48. The firm has a market cap of $7.34 billion, a P/E ratio of 40.44 and a beta of 0.90.

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

Insiders Place Their Bets

In other 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 value of $442,470.00. Following the completion of the transaction, the chief executive officer directly owned 68,888 shares of the company’s stock, valued at approximately $20,320,582.24. This trade represents a 2.13% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Michael J. Running sold 510 shares of Plexus stock in a transaction dated Friday, June 5th. The stock was sold at an average price of $272.17, for a total value of $138,806.70. Following the completion of the transaction, the insider directly owned 665 shares of the company’s stock, valued at approximately $180,993.05. This trade represents a 43.40% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 9,510 shares of company stock worth $2,625,182. 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.