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

Plexus Corp. (NASDAQ:PLXS) CEO Todd Kelsey sold 1,500 shares of Plexus stock in a transaction that occurred on Wednesday, August 19th. The stock was sold at an average price of $250.98, for a total value of $376,470.00. Following the sale, the chief executive officer owned 65,888 shares in the company, valued at $16,536,570.24. This represents a 2.23% decrease in their ownership of the stock. The transaction was disclosed in a legal filing 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 Stock Performance

Plexus stock opened at $240.14 on Friday. Plexus Corp. has a 52 week low of $131.37 and a 52 week high of $307.06. The company has a current ratio of 1.49, a quick ratio of 0.72 and a debt-to-equity ratio of 0.06. The stock has a market cap of $6.43 billion, a P/E ratio of 35.42 and a beta of 0.90. The stock has a 50 day moving average of $269.04 and a 200-day moving average of $242.60.

Plexus (NASDAQ:PLXS) last issued its quarterly earnings results on Wednesday, July 29th. The technology company reported $2.32 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.13 by $0.19. The business had revenue of $1.30 billion during the quarter, compared to analyst estimates of $1.23 billion. Plexus had a net margin of 4.03% and a return on equity of 12.46%. The business’s revenue was up 28.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.64 earnings per share. Plexus has set its Q4 2026 guidance at 2.470-2.630 EPS. On average, analysts expect that Plexus Corp. will post 7.11 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on PLXS. Sidoti upgraded 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 lifted their price target on Plexus from $280.00 to $330.00 and gave the stock a “buy” rating in a research note on Monday, June 22nd. Weiss Ratings downgraded Plexus from a “buy (b)” rating to a “buy (b-)” rating in a research note on Tuesday, August 11th. Zacks Research raised Plexus from a “hold” rating to a “strong-buy” rating in a report on Tuesday, August 11th. Finally, Wall Street Zen upgraded Plexus from a “hold” rating to a “buy” rating in a research note on Saturday, May 2nd. One investment analyst has rated the stock with a Strong Buy rating and six have issued a Buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus target price of $273.00.

Institutional Trading of Plexus

Several hedge funds have recently bought and sold shares of the company. BlackRock Inc. bought a new position in shares of Plexus in the second quarter worth $1,311,631,000. Dimensional Fund Advisors LP raised its stake in shares of Plexus by 0.5% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,373,457 shares of the technology company’s stock valued at $201,903,000 after purchasing an additional 7,051 shares in the last quarter. State Street Corp raised its stake in shares of Plexus by 2.3% during the second quarter. State Street Corp now owns 1,059,501 shares of the technology company’s stock valued at $143,361,000 after purchasing an additional 24,115 shares in the last quarter. Geode Capital Management LLC lifted its holdings in Plexus by 0.6% in the fourth quarter. Geode Capital Management LLC now owns 672,614 shares of the technology company’s stock worth $98,890,000 after purchasing an additional 4,054 shares during the period. Finally, Fuller & Thaler Asset Management Inc. lifted its holdings in Plexus by 5.8% in the fourth quarter. Fuller & Thaler Asset Management Inc. now owns 446,705 shares of the technology company’s stock worth $65,666,000 after purchasing an additional 24,441 shares during the period. 94.45% of the stock is currently owned by institutional investors.

About Plexus

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.