Plexus (NASDAQ:PLXS) CEO Sells $634,127.67 in Stock

Plexus Corp. (NASDAQ:PLXS) CEO Todd Kelsey sold 2,403 shares of the company’s stock in a transaction that occurred on Monday, May 4th. The shares were sold at an average price of $263.89, for a total transaction of $634,127.67. Following the completion of the transaction, the chief executive officer owned 77,888 shares in the company, valued at approximately $20,553,864.32. This represents a 2.99% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.

Plexus Stock Up 2.2%

Plexus stock opened at $266.55 on Friday. The firm’s 50 day moving average price is $215.60 and its two-hundred day moving average price is $181.45. Plexus Corp. has a twelve month low of $115.35 and a twelve month high of $275.83. The firm has a market cap of $7.14 billion, a PE ratio of 38.97 and a beta of 0.88. 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 quarterly earnings results on Wednesday, April 29th. The technology company reported $2.05 EPS for the quarter, topping the consensus estimate of $1.87 by $0.18. Plexus had a net margin of 4.35% and a return on equity of 12.84%. The company had revenue of $1.16 billion for the quarter, compared to analyst estimates of $1.13 billion. During the same quarter in the prior year, the business posted $1.66 EPS. Plexus’s quarterly revenue was up 18.7% on a year-over-year basis. Plexus has set its Q3 2026 guidance at 2.020-2.180 EPS. On average, research analysts predict that Plexus Corp. will post 6.23 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Inspire Investing LLC grew its stake in Plexus by 1.6% in the 4th quarter. Inspire Investing LLC now owns 3,178 shares of the technology company’s stock valued at $467,000 after buying an additional 50 shares during the last quarter. Allworth Financial LP grew its stake in Plexus by 20.8% in the 4th quarter. Allworth Financial LP now owns 302 shares of the technology company’s stock valued at $44,000 after buying an additional 52 shares during the last quarter. Maryland State Retirement & Pension System grew its stake in Plexus by 1.5% in the 4th quarter. Maryland State Retirement & Pension System now owns 3,940 shares of the technology company’s stock valued at $579,000 after buying an additional 60 shares during the last quarter. Oregon Public Employees Retirement Fund grew its stake in Plexus by 1.2% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 6,175 shares of the technology company’s stock valued at $908,000 after buying an additional 71 shares during the last quarter. Finally, Uncommon Cents Investing LLC grew its stake in Plexus by 0.8% in the 4th quarter. Uncommon Cents Investing LLC now owns 9,925 shares of the technology company’s stock valued at $1,459,000 after buying an additional 75 shares during the last quarter. 94.45% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

PLXS has been the topic of several analyst reports. Raymond James Financial restated an “outperform” rating and set a $275.00 price target on shares of Plexus in a research note on Thursday, April 30th. Stifel Nicolaus set a $250.00 price target on shares of Plexus and gave the stock a “buy” rating in a research note on Monday, April 20th. Needham & Company LLC increased their price target on shares of Plexus from $206.00 to $285.00 and gave the stock a “buy” rating in a research note on Friday, May 1st. Wall Street Zen upgraded shares of Plexus from a “hold” rating to a “buy” rating in a research note on Saturday, May 2nd. Finally, Williams Trading set a $195.00 price target on shares of Plexus in a research note on Wednesday, January 28th. Five equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, Plexus has an average rating of “Moderate Buy” and an average target price of $229.17.

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.