Todd Kelsey Sells 1,500 Shares of Plexus (NASDAQ:PLXS) Stock

Plexus Corp. (NASDAQ:PLXS) CEO Todd Kelsey sold 1,500 shares of the business’s stock in a transaction on Wednesday, March 18th. The shares were sold at an average price of $194.24, for a total transaction of $291,360.00. Following the sale, the chief executive officer directly owned 81,791 shares in the company, valued at approximately $15,887,083.84. This trade represents a 1.80% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Plexus Stock Up 3.1%

Shares of Plexus stock traded up $6.03 during midday trading on Thursday, hitting $201.48. The company’s stock had a trading volume of 272,692 shares, compared to its average volume of 338,719. Plexus Corp. has a 1-year low of $103.43 and a 1-year high of $211.84. The company has a quick ratio of 0.75, a current ratio of 1.59 and a debt-to-equity ratio of 0.06. The firm has a market capitalization of $5.40 billion, a P/E ratio of 31.33 and a beta of 0.81. The stock has a 50-day simple moving average of $190.66 and a 200-day simple moving average of $161.24.

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

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on PLXS. Benchmark reaffirmed a “buy” rating and set a $220.00 price objective on shares of Plexus in a research report on Monday. Wall Street Zen lowered shares of Plexus from a “buy” rating to a “hold” rating in a research note on Sunday, March 8th. Needham & Company LLC upped their price target on shares of Plexus from $165.00 to $206.00 and gave the stock a “buy” rating in a research note on Friday, January 30th. Williams Trading set a $195.00 price objective on Plexus in a report on Wednesday, January 28th. Finally, Weiss Ratings raised Plexus from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday, March 6th. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $194.20.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of PLXS. Vanguard Group Inc. lifted its stake in shares of Plexus by 0.6% in the 3rd quarter. Vanguard Group Inc. now owns 3,683,845 shares of the technology company’s stock valued at $533,016,000 after purchasing an additional 22,374 shares during the last quarter. Dimensional Fund Advisors LP increased its position in Plexus by 0.5% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,373,457 shares of the technology company’s stock worth $201,903,000 after buying an additional 7,051 shares during the last quarter. American Century Companies Inc. raised its holdings in Plexus by 44.2% during the third quarter. American Century Companies Inc. now owns 1,103,892 shares of the technology company’s stock valued at $159,722,000 after buying an additional 338,119 shares in the last quarter. State Street Corp raised its holdings in Plexus by 2.3% during the second quarter. State Street Corp now owns 1,059,501 shares of the technology company’s stock valued at $143,361,000 after buying an additional 24,115 shares in the last quarter. Finally, BNP PARIBAS ASSET MANAGEMENT Holding S.A. lifted its position in shares of Plexus by 4.0% in the third quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 915,296 shares of the technology company’s stock worth $132,434,000 after buying an additional 35,237 shares during the last quarter. Institutional investors own 94.45% of the company’s stock.

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.