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

Plexus Corp. (NASDAQ:PLXS) CEO Todd Kelsey sold 1,000 shares of the stock in a transaction that occurred on 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 transaction, the chief executive officer directly owned 70,388 shares of the company’s stock, valued at $20,412,520. This represents a 1.40% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Plexus Stock Down 1.1%

Shares of NASDAQ:PLXS traded down $3.20 during trading on Thursday, hitting $284.35. The stock had a trading volume of 409,342 shares, compared to its average volume of 338,867. Plexus Corp. has a 12 month low of $115.35 and a 12 month high of $292.33. The company has a market capitalization of $7.61 billion, a PE ratio of 41.57 and a beta of 0.89. The firm’s fifty day moving average is $242.60 and its 200 day moving average is $197.77. The company has a quick ratio of 0.74, a current ratio of 1.54 and a debt-to-equity ratio of 0.06.

Plexus (NASDAQ:PLXS) last posted its quarterly earnings data on Wednesday, April 29th. The technology company reported $2.05 earnings per share for the quarter, beating analysts’ consensus estimates 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 company earned $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. Analysts anticipate that Plexus Corp. will post 5.98 EPS for the current fiscal year.

Analysts Set New Price Targets

PLXS has been the topic of a number of research reports. Weiss Ratings upgraded Plexus from a “buy (b-)” rating to a “buy (b)” rating in a research note on Monday, May 11th. Stifel Nicolaus set a $280.00 price target on Plexus in a research note on Tuesday, May 26th. Wall Street Zen upgraded Plexus from a “hold” rating to a “buy” rating in a research note on Saturday, May 2nd. Zacks Research downgraded Plexus from a “hold” rating to a “strong sell” rating in a research note on Wednesday, May 20th. Finally, Needham & Company LLC raised their price target on Plexus from $285.00 to $310.00 and gave the stock a “buy” rating in a research note on Monday. Five investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $238.33.

Hedge Funds Weigh In On Plexus

Institutional investors and hedge funds have recently bought and sold shares of the stock. Covestor Ltd lifted its position in Plexus by 207.7% during the fourth quarter. Covestor Ltd now owns 240 shares of the technology company’s stock valued at $35,000 after purchasing an additional 162 shares in the last quarter. Allworth Financial LP lifted its position in Plexus by 70.1% during the third quarter. Allworth Financial LP now owns 250 shares of the technology company’s stock valued at $36,000 after purchasing an additional 103 shares in the last quarter. Johnson Financial Group Inc. purchased a new position in Plexus during the third quarter valued at $72,000. Farther Finance Advisors LLC lifted its position in Plexus by 114.7% during the fourth quarter. Farther Finance Advisors LLC now owns 511 shares of the technology company’s stock valued at $75,000 after purchasing an additional 273 shares in the last quarter. Finally, EverSource Wealth Advisors LLC lifted its position in Plexus by 583.3% during the second quarter. EverSource Wealth Advisors LLC now owns 574 shares of the technology company’s stock valued at $78,000 after purchasing an additional 490 shares in the last quarter. 94.45% of the stock is currently owned by hedge funds and other 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.