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

Plexus Corp. (NASDAQ:PLXS) CEO Todd Kelsey sold 1,500 shares of the stock in a transaction that occurred on Wednesday, August 19th. The shares were sold at an average price of $250.98, for a total value of $376,470.00. Following the completion of the sale, the chief executive officer directly owned 65,888 shares of the company’s stock, valued at approximately $16,536,570.24. The trade was a 2.23% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Plexus Price Performance

Shares of PLXS opened at $241.91 on Friday. 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 company’s fifty day simple moving average is $270.14 and its 200 day simple moving average is $242.61. Plexus Corp. has a 1-year low of $126.86 and a 1-year high of $307.06. The company has a market cap of $6.47 billion, a price-to-earnings ratio of 35.68 and a beta of 0.90.

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

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on PLXS. Needham & Company LLC reissued a “buy” rating and set a $310.00 target price on shares of Plexus in a report on Friday, August 14th. Sidoti upgraded shares of Plexus from a “neutral” rating to a “buy” rating and set a $308.00 price objective on the stock in a report on Friday, July 31st. Wall Street Zen raised shares of Plexus from a “hold” rating to a “buy” rating in a research report on Saturday, May 2nd. Zacks Research raised shares of Plexus from a “hold” rating to a “strong-buy” rating in a report on Tuesday, August 11th. Finally, Stifel Nicolaus lifted their target price on shares of Plexus from $280.00 to $330.00 and gave the stock a “buy” rating in a report on Monday, June 22nd. One research analyst has rated the stock with a Strong Buy rating and six have issued a Buy rating to the company’s stock. According to data from MarketBeat, Plexus has a consensus rating of “Buy” and an average target price of $273.00.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in PLXS. BlackRock Inc. bought a new stake in shares of Plexus in the second quarter valued at approximately $1,311,631,000. Bank of America Corp DE bought a new position in Plexus during the 2nd quarter worth $60,281,000. Victory Capital Management Inc. raised its holdings in Plexus by 130.0% in the 4th quarter. Victory Capital Management Inc. now owns 349,057 shares of the technology company’s stock valued at $51,311,000 after acquiring an additional 197,283 shares in the last quarter. Bank of New York Mellon Corp bought a new stake in shares of Plexus during the 2nd quarter valued at $55,525,000. Finally, Emerald Advisers LLC bought a new stake in shares of Plexus during the 1st quarter valued at $33,729,000. 94.45% of the stock is owned by institutional investors and hedge funds.

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.