Plexus (NASDAQ:PLXS) CEO Sells $215,550.00 in Stock

Plexus Corp. (NASDAQ:PLXS) CEO Todd Kelsey sold 1,500 shares of the stock in a transaction dated Wednesday, October 1st. The shares were sold at an average price of $143.70, for a total transaction of $215,550.00. Following the completion of the sale, the chief executive officer owned 69,214 shares of the company’s stock, valued at approximately $9,946,051.80. This trade represents a 2.12% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.

Plexus Stock Down 1.4%

Plexus stock opened at $145.16 on Friday. Plexus Corp. has a twelve month low of $103.43 and a twelve month high of $172.89. The firm has a 50 day moving average price of $136.05 and a 200-day moving average price of $131.70. The company has a market capitalization of $3.92 billion, a P/E ratio of 24.73 and a beta of 0.80. The company has a quick ratio of 0.74, a current ratio of 1.58 and a debt-to-equity ratio of 0.06.

Plexus (NASDAQ:PLXS) last released its earnings results on Wednesday, July 23rd. The technology company reported $1.90 earnings per share for the quarter, beating analysts’ consensus estimates of $1.71 by $0.19. Plexus had a net margin of 4.04% and a return on equity of 12.33%. The firm had revenue of $1.02 billion during the quarter, compared to the consensus estimate of $1.02 billion. During the same period in the prior year, the firm earned $1.45 EPS. The company’s revenue was up 6.0% compared to the same quarter last year. Plexus has set its Q4 2025 guidance at 1.820-1.970 EPS. As a group, equities analysts predict that Plexus Corp. will post 5.9 EPS for the current year.

Wall Street Analysts Forecast Growth

PLXS has been the subject of a number of research reports. Williams Trading set a $165.00 target price on shares of Plexus in a research report on Monday, September 22nd. Wall Street Zen downgraded shares of Plexus from a “strong-buy” rating to a “buy” rating in a research report on Saturday, August 16th. Needham & Company LLC reduced their target price on shares of Plexus from $162.00 to $158.00 and set a “buy” rating for the company in a research report on Thursday, July 24th. Stifel Nicolaus set a $140.00 target price on shares of Plexus in a research report on Thursday, July 24th. Finally, Sidoti upgraded shares of Plexus from a “neutral” rating to a “buy” rating and upped their price target for the company from $135.00 to $150.00 in a research note on Friday, July 25th. Three equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Plexus currently has an average rating of “Moderate Buy” and a consensus price target of $155.60.

Institutional Trading of Plexus

Several institutional investors and hedge funds have recently made changes to their positions in PLXS. Wealth Enhancement Advisory Services LLC raised its position in shares of Plexus by 22.9% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 1,865 shares of the technology company’s stock valued at $292,000 after buying an additional 347 shares in the last quarter. Versant Capital Management Inc raised its position in shares of Plexus by 1,000.0% during the 1st quarter. Versant Capital Management Inc now owns 473 shares of the technology company’s stock valued at $61,000 after buying an additional 430 shares in the last quarter. GAMMA Investing LLC raised its position in shares of Plexus by 19,069.1% during the 1st quarter. GAMMA Investing LLC now owns 170,797 shares of the technology company’s stock valued at $21,884,000 after buying an additional 169,906 shares in the last quarter. Hennion & Walsh Asset Management Inc. raised its position in shares of Plexus by 12.2% during the 1st quarter. Hennion & Walsh Asset Management Inc. now owns 3,867 shares of the technology company’s stock valued at $495,000 after buying an additional 422 shares in the last quarter. Finally, Sendero Wealth Management LLC raised its position in shares of Plexus by 17.3% during the 1st quarter. Sendero Wealth Management LLC now owns 5,478 shares of the technology company’s stock valued at $702,000 after buying an additional 809 shares in the last quarter. Hedge funds and other institutional investors own 94.45% of the company’s stock.

Plexus Company Profile

Plexus Corp. provides electronic manufacturing services in the United States and internationally. It offers design, develop, supply chain, new product introduction, and manufacturing solutions, as well as sustaining services to companies in the healthcare/life sciences, industrial/commercial, aerospace/defense, and communications market sectors.