Plexus (NASDAQ:PLXS) CEO Todd Kelsey Sells 3,000 Shares

Plexus Corp. (NASDAQ:PLXS) CEO Todd Kelsey sold 3,000 shares of Plexus stock in a transaction dated Tuesday, May 5th. The stock was sold at an average price of $268.45, for a total value of $805,350.00. Following the sale, the chief executive officer directly owned 74,888 shares of the company’s stock, valued at $20,103,683.60. This trade represents a 3.85% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Plexus Trading Down 0.0%

Plexus stock opened at $265.04 on Thursday. The company has a quick ratio of 0.74, a current ratio of 1.54 and a debt-to-equity ratio of 0.06. Plexus Corp. has a 52 week low of $115.35 and a 52 week high of $275.83. The company has a market capitalization of $7.10 billion, a price-to-earnings ratio of 38.75 and a beta of 0.88. The stock has a 50-day moving average price of $214.47 and a 200 day moving average price of $180.66.

Plexus (NASDAQ:PLXS) last announced its quarterly earnings results on Wednesday, April 29th. The technology company reported $2.05 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.87 by $0.18. Plexus had a return on equity of 12.84% and a net margin of 4.35%.The company had revenue of $1.16 billion during the quarter, compared to the consensus estimate of $1.13 billion. During the same period in the previous year, the company posted $1.66 earnings per share. Plexus’s revenue for the quarter was up 18.7% on a year-over-year basis. Plexus has set its Q3 2026 guidance at 2.020-2.180 EPS. Sell-side analysts anticipate that Plexus Corp. will post 6.23 EPS for the current year.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on PLXS shares. Needham & Company LLC boosted their price target on Plexus from $206.00 to $285.00 and gave the company a “buy” rating in a report on Friday, May 1st. Stifel Nicolaus set a $250.00 price objective on Plexus and gave the company a “buy” rating in a research note on Monday, April 20th. Zacks Research cut Plexus from a “strong-buy” rating to a “hold” rating in a report on Monday, April 13th. Weiss Ratings lowered shares of Plexus from a “buy (b)” rating to a “buy (b-)” rating in a research report on Friday, April 24th. Finally, Raymond James Financial reiterated an “outperform” rating and issued a $275.00 price objective on shares of Plexus in a report on Thursday, April 30th. Five analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, Plexus currently has an average rating of “Moderate Buy” and a consensus price target of $229.17.

Institutional Trading of Plexus

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Inspire Investing LLC increased its position in shares of Plexus by 1.6% during the 4th quarter. Inspire Investing LLC now owns 3,178 shares of the technology company’s stock worth $467,000 after purchasing an additional 50 shares during the last quarter. Allworth Financial LP increased its position in shares of Plexus by 20.8% during the 4th quarter. Allworth Financial LP now owns 302 shares of the technology company’s stock worth $44,000 after purchasing an additional 52 shares during the last quarter. Maryland State Retirement & Pension System increased its position in shares of Plexus by 1.5% during the 4th quarter. Maryland State Retirement & Pension System now owns 3,940 shares of the technology company’s stock worth $579,000 after purchasing an additional 60 shares during the last quarter. Oregon Public Employees Retirement Fund increased its position in shares of Plexus by 1.2% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 6,175 shares of the technology company’s stock worth $908,000 after purchasing an additional 71 shares during the last quarter. Finally, Uncommon Cents Investing LLC increased its position in shares of Plexus by 0.8% during the 4th quarter. Uncommon Cents Investing LLC now owns 9,925 shares of the technology company’s stock worth $1,459,000 after purchasing an additional 75 shares during the last quarter. 94.45% of the stock is owned by institutional investors and hedge funds.

Plexus Company 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.