Plexus (NASDAQ:PLXS) CEO Todd Kelsey Sells 1,000 Shares

Plexus Corp. (NASDAQ:PLXS) CEO Todd Kelsey sold 1,000 shares of Plexus stock in a transaction dated Wednesday, May 6th. The stock was sold at an average price of $270.75, for a total value of $270,750.00. Following the completion of the sale, the chief executive officer directly owned 73,888 shares of the company’s stock, valued at approximately $20,005,176. This trade represents a 1.34% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Plexus Trading Down 0.0%

Shares of PLXS opened at $265.04 on Thursday. The business has a 50-day moving average of $214.47 and a 200 day moving average of $180.66. Plexus Corp. has a fifty-two week low of $115.35 and a fifty-two week high of $275.83. The firm has a market cap of $7.10 billion, a P/E ratio of 38.75 and a beta of 0.88. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.74 and a current ratio of 1.54.

Plexus (NASDAQ:PLXS) last announced its quarterly earnings data on Wednesday, April 29th. The technology company reported $2.05 earnings per share for the quarter, topping the consensus estimate 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 analyst estimates of $1.13 billion. During the same quarter last year, the firm posted $1.66 EPS. The firm’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. As a group, research analysts forecast that Plexus Corp. will post 6.23 EPS for the current year.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on PLXS. Wall Street Zen raised Plexus from a “hold” rating to a “buy” rating in a report on Saturday, May 2nd. Weiss Ratings lowered Plexus from a “buy (b)” rating to a “buy (b-)” rating in a report on Friday, April 24th. Stifel Nicolaus set a $250.00 target price on Plexus and gave the company a “buy” rating in a report on Monday, April 20th. Raymond James Financial reaffirmed an “outperform” rating and set a $275.00 target price on shares of Plexus in a report on Thursday, April 30th. Finally, Zacks Research lowered Plexus from a “strong-buy” rating to a “hold” rating in a report on Monday, April 13th. Five investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $229.17.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the stock. American Century Companies Inc. lifted its position in Plexus by 44.2% in the 3rd quarter. American Century Companies Inc. now owns 1,103,892 shares of the technology company’s stock worth $159,722,000 after buying an additional 338,119 shares during the last quarter. Massachusetts Financial Services Co. MA increased its stake in Plexus by 23.3% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 240,192 shares of the technology company’s stock worth $34,753,000 after purchasing an additional 45,425 shares during the period. JPMorgan Chase & Co. increased its stake in Plexus by 28.3% in the 3rd quarter. JPMorgan Chase & Co. now owns 240,460 shares of the technology company’s stock worth $34,792,000 after purchasing an additional 52,967 shares during the period. Nicola Wealth Management LTD. purchased a new position in Plexus in the 3rd quarter worth approximately $6,655,000. Finally, Vanguard Group Inc. increased its stake in Plexus by 0.6% in the 3rd quarter. Vanguard Group Inc. now owns 3,683,845 shares of the technology company’s stock worth $533,016,000 after purchasing an additional 22,374 shares during the period. Hedge funds and other institutional investors own 94.45% of the company’s stock.

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.