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

Plexus Corp. (NASDAQ:PLXS) CEO Todd Kelsey sold 1,500 shares of the stock in a transaction on Wednesday, June 17th. The stock was sold at an average price of $294.98, for a total value of $442,470.00. Following the completion of the sale, the chief executive officer owned 68,888 shares in the company, valued at $20,320,582.24. This trade represents a 2.13% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Plexus Price Performance

NASDAQ:PLXS opened at $299.97 on Friday. The firm has a market capitalization of $8.03 billion, a price-to-earnings ratio of 43.86 and a beta of 0.89. Plexus Corp. has a 52-week low of $115.35 and a 52-week high of $304.90. The stock has a fifty day moving average of $260.57 and a 200 day moving average of $209.20. 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 earnings results on Wednesday, April 29th. The technology company reported $2.05 earnings per share for the quarter, topping 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 business had revenue of $1.16 billion for the quarter, compared to analyst estimates of $1.13 billion. During the same period in the prior year, the company earned $1.66 EPS. The company’s quarterly revenue 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, research analysts expect that Plexus Corp. will post 5.98 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

PLXS has been the topic of several research analyst reports. Raymond James Financial restated an “outperform” rating and issued a $275.00 price objective on shares of Plexus in a research report on Thursday, April 30th. Weiss Ratings cut shares of Plexus from a “buy (b)” rating to a “buy (b-)” rating in a research note on Thursday, June 11th. Wall Street Zen raised shares of Plexus from a “hold” rating to a “buy” rating in a research note on Saturday, May 2nd. Benchmark reissued a “buy” rating and issued a $220.00 price target on shares of Plexus in a report on Monday, March 16th. Finally, Needham & Company LLC raised their price objective on shares of Plexus from $285.00 to $310.00 and gave the company a “buy” rating in a research report on Monday, June 1st. Five research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $238.33.

Hedge Funds Weigh In On Plexus

Institutional investors have recently modified their holdings of the company. Covestor Ltd raised its holdings in shares of Plexus by 207.7% during the 4th quarter. Covestor Ltd now owns 240 shares of the technology company’s stock valued at $35,000 after buying an additional 162 shares in the last quarter. Allworth Financial LP boosted its stake in Plexus by 70.1% in the third quarter. Allworth Financial LP now owns 250 shares of the technology company’s stock worth $36,000 after buying an additional 103 shares in the last quarter. Johnson Financial Group Inc. purchased a new stake in Plexus in the third quarter worth approximately $72,000. Farther Finance Advisors LLC grew 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 acquiring an additional 273 shares during the last quarter. Finally, EverSource Wealth Advisors LLC grew 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 acquiring an additional 490 shares during the last quarter. 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.