Plexus (NASDAQ:PLXS) CEO Todd Kelsey Sells 1,000 Shares

by · The Cerbat Gem

Plexus Corp. (NASDAQ:PLXS – Get Free Report) CEO Todd Kelsey sold 1,000 shares of the business’s stock in a transaction that occurred on Wednesday, May 27th. The stock was sold at an average price of $274.75, for a total transaction of $274,750.00. Following the completion of the transaction, the chief executive officer directly owned 71,388 shares of the company’s stock, valued at approximately $19,613,853. This represents a 1.38% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

Plexus Price Performance

PLXS stock traded up $0.47 during midday trading on Friday, reaching $268.36. The company had a trading volume of 336,736 shares, compared to its average volume of 339,031. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.54 and a quick ratio of 0.74. Plexus Corp. has a 1 year low of $115.35 and a 1 year high of $275.83. The company has a market capitalization of $7.18 billion, a P/E ratio of 39.23 and a beta of 0.88. The firm has a 50-day moving average price of $236.35 and a 200-day moving average price of $194.02.

Plexus (NASDAQ:PLXS – Get Free Report) last announced its quarterly earnings data on Wednesday, April 29th. The technology company reported $2.05 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of $1.13 billion. During the same quarter in the prior year, the company earned $1.66 EPS. The firm’s 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 anticipate that Plexus Corp. will post 5.98 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the stock. Weiss Ratings raised shares of Plexus from a “buy (b-)” rating to a “buy (b)” rating in a report on Monday, May 11th. Raymond James Financial restated an “outperform” rating and issued a $275.00 price objective on shares of Plexus in a report on Thursday, April 30th. Zacks Research downgraded shares of Plexus from a “hold” rating to a “strong sell” rating in a research note on Wednesday, May 20th. Stifel Nicolaus set a $280.00 target price on Plexus in a report on Tuesday. Finally, Wall Street Zen upgraded Plexus from a “hold” rating to a “buy” rating in a report on Saturday, May 2nd. Five analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, Plexus presently has an average rating of “Moderate Buy” and a consensus price target of $234.17.

Read Our Latest Stock Report on PLXS

Institutional Trading of Plexus

A number of institutional investors have recently made changes to their positions in PLXS. Inspire Investing LLC raised its position in Plexus by 1.6% during the fourth quarter. Inspire Investing LLC now owns 3,178 shares of the technology company’s stock valued at $467,000 after purchasing an additional 50 shares during the period. Allworth Financial LP boosted its holdings in shares of Plexus by 20.8% in the 4th quarter. Allworth Financial LP now owns 302 shares of the technology company’s stock worth $44,000 after purchasing an additional 52 shares during the period. Maryland State Retirement & Pension System increased its position in shares of Plexus by 1.5% during the 4th quarter. Maryland State Retirement & Pension System now owns 3,940 shares of the technology company’s stock valued at $579,000 after purchasing an additional 60 shares during the last quarter. Oregon Public Employees Retirement Fund increased its position in shares of Plexus by 1.2% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 6,175 shares of the technology company’s stock valued at $908,000 after purchasing an additional 71 shares during the last quarter. Finally, Uncommon Cents Investing LLC increased its position in shares of Plexus by 0.8% during the 4th quarter. Uncommon Cents Investing LLC now owns 9,925 shares of the technology company’s stock valued at $1,459,000 after purchasing an additional 75 shares during the last quarter. Hedge funds and other institutional investors own 94.45% of the company’s stock.

About Plexus

(Get Free Report)

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.

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