Plexus (NASDAQ:PLXS) CEO Sells $805,350.00 in Stock

Plexus Corp. (NASDAQ:PLXS) CEO Todd Kelsey sold 3,000 shares of Plexus stock in a transaction on Tuesday, May 5th. The stock was sold at an average price of $268.45, for a total transaction of $805,350.00. Following the sale, the chief executive officer owned 74,888 shares of the company’s stock, valued at $20,103,683.60. The trade was a 3.85% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Plexus Trading Up 2.2%

NASDAQ:PLXS opened at $266.55 on Friday. Plexus Corp. has a 12 month low of $115.35 and a 12 month high of $275.83. The firm has a fifty day simple moving average of $215.60 and a 200-day simple moving average of $181.45. The company has a current ratio of 1.54, a quick ratio of 0.74 and a debt-to-equity ratio of 0.06. The company has a market capitalization of $7.14 billion, a P/E ratio of 38.97 and a beta of 0.88.

Plexus (NASDAQ:PLXS) last posted its quarterly earnings data on Wednesday, April 29th. The technology company reported $2.05 EPS for the quarter, topping the consensus estimate of $1.87 by $0.18. Plexus had a net margin of 4.35% and a return on equity of 12.84%. The business 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 firm posted $1.66 earnings per share. The business’s revenue for the quarter was up 18.7% compared to the same quarter last year. Plexus has set its Q3 2026 guidance at 2.020-2.180 EPS. On average, equities research analysts anticipate that Plexus Corp. will post 6.23 earnings per share for the current year.

Analyst Upgrades and Downgrades

PLXS has been the subject of several research reports. Stifel Nicolaus set a $250.00 price objective on shares of Plexus and gave the stock a “buy” rating in a research note on Monday, April 20th. Weiss Ratings downgraded shares of Plexus from a “buy (b)” rating to a “buy (b-)” rating in a research report on Friday, April 24th. Needham & Company LLC boosted their target price on shares of Plexus from $206.00 to $285.00 and gave the company a “buy” rating in a research report on Friday, May 1st. Benchmark restated a “buy” rating and set a $220.00 target price on shares of Plexus in a research report on Monday, March 16th. Finally, Williams Trading set a $195.00 target price on shares of Plexus in a research report on Wednesday, January 28th. Five equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $229.17.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Inspire Investing LLC lifted its position in Plexus by 1.6% during the fourth quarter. Inspire Investing LLC now owns 3,178 shares of the technology company’s stock valued at $467,000 after purchasing an additional 50 shares during the period. Allworth Financial LP raised its position in shares of Plexus by 20.8% in the fourth quarter. Allworth Financial LP now owns 302 shares of the technology company’s stock worth $44,000 after acquiring an additional 52 shares during the period. Maryland State Retirement & Pension System raised its position in shares of Plexus by 1.5% in the fourth quarter. Maryland State Retirement & Pension System now owns 3,940 shares of the technology company’s stock worth $579,000 after acquiring an additional 60 shares during the period. Oregon Public Employees Retirement Fund raised its position in shares of Plexus by 1.2% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 6,175 shares of the technology company’s stock worth $908,000 after acquiring an additional 71 shares during the period. Finally, Uncommon Cents Investing LLC raised its position in shares of Plexus by 0.8% in the fourth quarter. Uncommon Cents Investing LLC now owns 9,925 shares of the technology company’s stock worth $1,459,000 after acquiring an additional 75 shares during the period. 94.45% of the stock is currently 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.