JPMorgan Chase & Co. Acquires 52,967 Shares of Plexus Corp. $PLXS

JPMorgan Chase & Co. lifted its stake in Plexus Corp. (NASDAQ:PLXS) by 28.3% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 240,460 shares of the technology company’s stock after acquiring an additional 52,967 shares during the quarter. JPMorgan Chase & Co. owned 0.90% of Plexus worth $34,792,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in PLXS. AQR Capital Management LLC boosted its holdings in Plexus by 103.1% in the first quarter. AQR Capital Management LLC now owns 8,384 shares of the technology company’s stock worth $1,074,000 after purchasing an additional 4,255 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in Plexus by 4.6% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 15,971 shares of the technology company’s stock valued at $2,046,000 after buying an additional 705 shares during the last quarter. United Services Automobile Association bought a new position in shares of Plexus during the 1st quarter valued at $218,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in shares of Plexus by 12.9% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 79,584 shares of the technology company’s stock valued at $10,197,000 after buying an additional 9,078 shares during the period. Finally, Police & Firemen s Retirement System of New Jersey boosted its stake in shares of Plexus by 6.4% in the 2nd quarter. Police & Firemen s Retirement System of New Jersey now owns 6,160 shares of the technology company’s stock worth $834,000 after buying an additional 368 shares during the last quarter. Institutional investors own 94.45% of the company’s stock.

Analyst Ratings Changes

PLXS has been the subject of a number of analyst reports. Weiss Ratings upgraded Plexus from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday, March 6th. Wall Street Zen lowered shares of Plexus from a “buy” rating to a “hold” rating in a report on Sunday, March 8th. Williams Trading set a $195.00 price objective on shares of Plexus in a research report on Wednesday, January 28th. Stifel Nicolaus upped their target price on Plexus from $150.00 to $200.00 and gave the company a “hold” rating in a research report on Friday, January 30th. Finally, Benchmark reaffirmed a “buy” rating and set a $220.00 target price on shares of Plexus in a report on Monday, March 16th. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $194.20.

Plexus Price Performance

NASDAQ:PLXS opened at $195.00 on Monday. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.59 and a quick ratio of 0.75. The company has a 50 day moving average price of $192.33 and a 200-day moving average price of $162.30. Plexus Corp. has a 1-year low of $103.43 and a 1-year high of $211.84. The firm has a market cap of $5.22 billion, a price-to-earnings ratio of 30.33 and a beta of 0.81.

Plexus (NASDAQ:PLXS) last announced its quarterly earnings results on Wednesday, January 28th. The technology company reported $1.78 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.77 by $0.01. The firm had revenue of $1.07 billion for the quarter, compared to the consensus estimate of $1.07 billion. Plexus had a net margin of 4.28% and a return on equity of 12.39%. The firm’s quarterly revenue was up 9.6% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.73 earnings per share. Plexus has set its Q2 2026 guidance at 1.800-1.950 EPS. Equities research analysts forecast that Plexus Corp. will post 5.9 EPS for the current year.

Insider Buying and Selling

In other Plexus news, COO Oliver K. Mihm sold 9,541 shares of the stock in a transaction that occurred on Wednesday, February 18th. The stock was sold at an average price of $201.40, for a total transaction of $1,921,557.40. Following the transaction, the chief operating officer owned 12,809 shares in the company, valued at approximately $2,579,732.60. This represents a 42.69% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Patrick John Jermain sold 4,841 shares of the firm’s stock in a transaction that occurred on Tuesday, February 3rd. The shares were sold at an average price of $204.01, for a total value of $987,612.41. Following the completion of the sale, the chief financial officer directly owned 20,469 shares in the company, valued at approximately $4,175,880.69. The trade was a 19.13% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 49,495 shares of company stock worth $10,009,836 in the last ninety days. 1.78% of the stock is owned by corporate insiders.

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.