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

Plexus Corp. (NASDAQ:PLXS) CEO Todd Kelsey sold 1,500 shares of the business’s stock in a transaction dated Wednesday, September 16th. The shares were sold at an average price of $242.41, for a total value of $363,615.00. Following the transaction, the chief executive officer owned 64,388 shares in the company, valued at approximately $15,608,295.08. This represents a 2.28% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Plexus Trading Up 1.4%

PLXS traded up $3.41 during midday trading on Thursday, reaching $245.74. 158,023 shares of the company’s stock traded hands, compared to its average volume of 318,666. Plexus Corp. has a 52 week low of $132.03 and a 52 week high of $307.06. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.49 and a quick ratio of 0.72. The firm has a fifty day moving average of $253.29 and a two-hundred day moving average of $248.22. The stock has a market capitalization of $6.58 billion, a price-to-earnings ratio of 36.24 and a beta of 0.89.

Plexus (NASDAQ:PLXS) last issued its quarterly earnings data 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. Plexus had a return on equity of 12.46% and a net margin of 4.03%.The firm had revenue of $1.30 billion for the quarter, compared to analyst estimates of $1.23 billion. During the same period last year, the company earned $1.64 EPS. The business’s quarterly revenue was up 28.2% compared to the same quarter last year. Plexus has set its Q4 2026 guidance at 2.470-2.630 EPS. On average, equities analysts anticipate that Plexus Corp. will post 7.11 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Plexus

Hedge funds have recently bought and sold shares of the company. Sequoia Financial Advisors LLC grew its position in Plexus by 11.2% during the 2nd quarter. Sequoia Financial Advisors LLC now owns 1,653 shares of the technology company’s stock valued at $497,000 after purchasing an additional 167 shares during the last quarter. Tidal Investments LLC raised its holdings in Plexus by 21.6% in the second quarter. Tidal Investments LLC now owns 1,757 shares of the technology company’s stock worth $528,000 after buying an additional 312 shares during the last quarter. Integrated Wealth Concepts LLC bought a new position in shares of Plexus in the second quarter worth approximately $51,000. NewEdge Advisors LLC bought a new position in shares of Plexus in the second quarter worth approximately $205,000. Finally, Baird Financial Group Inc. bought a new position in shares of Plexus in the second quarter worth approximately $460,000. Institutional investors own 94.45% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have issued reports on PLXS. Zacks Research raised shares of Plexus from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, August 11th. Weiss Ratings cut shares of Plexus from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Wednesday, September 9th. Sidoti raised shares of Plexus from a “neutral” rating to a “buy” rating and set a $308.00 target price on the stock in a research note on Friday, July 31st. Stifel Nicolaus boosted their price target on shares of Plexus from $280.00 to $330.00 and gave the company a “buy” rating in a research report on Monday, June 22nd. Finally, Needham & Company LLC reissued a “buy” rating and issued a $310.00 target price on shares of Plexus in a research report on Friday, August 14th. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat, Plexus presently has a consensus rating of “Buy” and a consensus price target of $273.00.

About Plexus

Plexus Corp. is a global electronics manufacturing services company that designs, manufactures and services products for original equipment manufacturers. The company supports customers across the product life cycle, from product development and engineering to supply chain management, assembly, testing, fulfillment and aftermarket services.

Plexus provides solutions for industries including healthcare and life sciences, industrial and commercial, aerospace and defense, and communications.