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

Plexus Corp. (NASDAQ:PLXS) CEO Todd Kelsey sold 1,500 shares of the stock in a transaction on Wednesday, October 21st. The stock was sold at an average price of $239.16, for a total transaction of $358,740.00. Following the sale, the chief executive officer owned 62,888 shares of the company’s stock, valued at approximately $15,040,294.08. This trade represents a 2.33% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Plexus Price Performance

Shares of NASDAQ PLXS opened at $216.98 on Friday. The company has a market capitalization of $5.81 billion, a PE ratio of 32.00 and a beta of 0.88. The company has a quick ratio of 0.72, a current ratio of 1.49 and a debt-to-equity ratio of 0.06. Plexus Corp. has a twelve month low of $132.03 and a twelve month high of $307.06. The firm has a fifty day simple moving average of $249.62 and a 200 day simple moving average of $258.33.

Plexus (NASDAQ:PLXS) last issued its quarterly earnings results on Wednesday, July 29th. The technology company reported $2.32 EPS for the quarter, beating analysts’ consensus estimates of $2.13 by $0.19. Plexus had a net margin of 4.03% and a return on equity of 12.46%. The business had revenue of $1.30 billion for the quarter, compared to analysts’ expectations of $1.23 billion. During the same quarter in the prior year, the firm posted $1.64 earnings per share. 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, sell-side analysts forecast that Plexus Corp. will post 7.13 EPS for the current year.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the company. Signaturefd LLC grew its holdings in Plexus by 6.1% during the third quarter. Signaturefd LLC now owns 1,765 shares of the technology company’s stock worth $461,000 after buying an additional 101 shares in the last quarter. Sowell Financial Services LLC purchased a new stake in Plexus in the 3rd quarter valued at $224,000. Gibbs Wealth Management lifted its stake in Plexus by 114.5% during the 3rd quarter. Gibbs Wealth Management now owns 3,512 shares of the technology company’s stock valued at $916,000 after acquiring an additional 1,875 shares in the last quarter. Fifth Third Wealth Advisors LLC boosted its holdings in Plexus by 185.2% during the 3rd quarter. Fifth Third Wealth Advisors LLC now owns 4,755 shares of the technology company’s stock worth $1,241,000 after acquiring an additional 3,088 shares during the last quarter. Finally, Sterling Capital Management LLC boosted its holdings in Plexus by 841.1% during the third quarter. Sterling Capital Management LLC now owns 894 shares of the technology company’s stock worth $233,000 after purchasing an additional 799 shares during the last quarter. 94.45% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on PLXS shares. Zacks Research raised Plexus from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, August 11th. Weiss Ratings raised Plexus from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Thursday, October 8th. KeyCorp upgraded Plexus from a “sector weight” rating to an “overweight” rating and set a $300.00 price target on the stock in a report on Monday, September 21st. Wall Street Zen downgraded shares of Plexus from a “buy” rating to a “hold” rating in a research report on Saturday. Finally, Sidoti raised shares of Plexus from a “neutral” rating to a “buy” rating and set a $308.00 price objective for the company in a research report on Friday, July 31st. One equities research analyst has rated the stock with a Strong Buy rating and seven have assigned a Buy rating to the company’s stock. According to data from MarketBeat, Plexus currently has an average rating of “Buy” and a consensus target price of $276.86.

About Plexus

Plexus Corp. is an electronics manufacturing services company that helps customers design, develop, manufacture and service complex electronic products. The company provides an integrated product-realization process spanning engineering and design, supply-chain management, manufacturing, testing, logistics and aftermarket services.

Plexus supports original equipment manufacturers in industries including healthcare and life sciences, industrial and commercial, aerospace and defense, and communications.