Plexus (NASDAQ:PLXS) CEO Sells $290,000.00 in Stock

Plexus Corp. (NASDAQ:PLXS) CEO Todd Kelsey sold 1,000 shares of the firm’s stock in a transaction dated Wednesday, June 3rd. The stock was sold at an average price of $290.00, for a total value of $290,000.00. Following the completion of the sale, the chief executive officer directly owned 70,388 shares of the company’s stock, valued at approximately $20,412,520. This represents a 1.40% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link.

Plexus Trading Down 4.0%

Shares of NASDAQ:PLXS opened at $273.01 on Friday. Plexus Corp. has a 52-week low of $115.35 and a 52-week high of $292.33. The stock has a market cap of $7.31 billion, a price-to-earnings ratio of 39.91 and a beta of 0.89. The company has a quick ratio of 0.74, a current ratio of 1.54 and a debt-to-equity ratio of 0.06. The business has a 50-day moving average price of $245.12 and a 200-day moving average price of $199.30.

Plexus (NASDAQ:PLXS) last announced its quarterly earnings data on Wednesday, April 29th. The technology company reported $2.05 earnings per share (EPS) 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 firm had revenue of $1.16 billion during the quarter, compared to analysts’ expectations of $1.13 billion. During the same period last year, the business posted $1.66 earnings per share. The company’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. Equities analysts predict that Plexus Corp. will post 5.98 EPS for the current year.

Hedge Funds Weigh In On Plexus

A number of institutional investors and hedge funds have recently added to or reduced their stakes in PLXS. American Century Companies Inc. raised its position in Plexus by 44.2% in the third quarter. American Century Companies Inc. now owns 1,103,892 shares of the technology company’s stock valued at $159,722,000 after purchasing an additional 338,119 shares during the period. JPMorgan Chase & Co. raised its position in Plexus by 28.3% in the third quarter. JPMorgan Chase & Co. now owns 240,460 shares of the technology company’s stock valued at $34,792,000 after purchasing an additional 52,967 shares during the period. Public Sector Pension Investment Board raised its position in Plexus by 13.9% in the third quarter. Public Sector Pension Investment Board now owns 105,224 shares of the technology company’s stock valued at $15,225,000 after purchasing an additional 12,875 shares during the period. Vanguard Group Inc. raised its position in Plexus by 0.6% in the third quarter. Vanguard Group Inc. now owns 3,683,845 shares of the technology company’s stock valued at $533,016,000 after purchasing an additional 22,374 shares during the period. Finally, Fieldview Capital Management LLC purchased a new stake in Plexus in the third quarter valued at $1,999,000. Institutional investors and hedge funds own 94.45% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have recently commented on PLXS. Benchmark restated a “buy” rating and issued a $220.00 price objective on shares of Plexus in a research report on Monday, March 16th. Raymond James Financial reaffirmed an “outperform” rating and issued a $275.00 price target on shares of Plexus in a research note on Thursday, April 30th. Needham & Company LLC lifted their price target on Plexus from $285.00 to $310.00 and gave the stock a “buy” rating in a research note on Monday, June 1st. Wall Street Zen raised Plexus from a “hold” rating to a “buy” rating in a research note on Saturday, May 2nd. Finally, Zacks Research lowered Plexus from a “hold” rating to a “strong sell” rating in a research note on Wednesday, May 20th. Five equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, Plexus has a consensus rating of “Moderate Buy” and a consensus target price of $238.33.

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.