Plexus (NASDAQ:PLXS) CEO Todd Kelsey Sells 2,000 Shares of Stock

Plexus Corp. (NASDAQ:PLXS) CEO Todd Kelsey sold 2,000 shares of Plexus stock in a transaction that occurred on Tuesday, November 4th. The shares were sold at an average price of $143.50, for a total transaction of $287,000.00. Following the sale, the chief executive officer owned 60,714 shares of the company’s stock, valued at approximately $8,712,459. The trade was a 3.19% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link.

Plexus Stock Performance

Shares of NASDAQ PLXS opened at $145.48 on Thursday. The company has a current ratio of 1.58, a quick ratio of 0.77 and a debt-to-equity ratio of 0.06. Plexus Corp. has a 12 month low of $103.43 and a 12 month high of $172.89. The company has a 50 day simple moving average of $142.34 and a two-hundred day simple moving average of $135.21. The stock has a market cap of $3.93 billion, a price-to-earnings ratio of 23.24 and a beta of 0.80.

Plexus (NASDAQ:PLXS) last announced its quarterly earnings data on Wednesday, October 22nd. The technology company reported $2.14 EPS for the quarter, beating the consensus estimate of $1.84 by $0.30. Plexus had a net margin of 4.29% and a return on equity of 12.77%. The business had revenue of $1.06 billion during the quarter, compared to analysts’ expectations of $1.05 billion. During the same period in the previous year, the business posted $1.85 EPS. The business’s quarterly revenue was up .7% compared to the same quarter last year. Plexus has set its Q1 2026 guidance at 1.660-1.810 EPS. As a group, analysts predict that Plexus Corp. will post 5.9 earnings per share for the current year.

Analyst Ratings Changes

Several equities analysts recently issued reports on the stock. Sidoti cut shares of Plexus from a “buy” rating to a “neutral” rating and set a $150.00 target price for the company. in a research note on Friday, October 24th. Benchmark restated a “buy” rating and set a $165.00 price objective on shares of Plexus in a research report on Friday, October 24th. Stifel Nicolaus set a $150.00 price objective on shares of Plexus in a research report on Friday, October 24th. Needham & Company LLC upped their price objective on shares of Plexus from $158.00 to $165.00 and gave the stock a “buy” rating in a research report on Thursday, October 23rd. Finally, Williams Trading set a $165.00 price objective on shares of Plexus in a research report on Monday, September 22nd. Two investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $159.00.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of PLXS. Smartleaf Asset Management LLC lifted its position in shares of Plexus by 33.0% during the third quarter. Smartleaf Asset Management LLC now owns 806 shares of the technology company’s stock worth $115,000 after purchasing an additional 200 shares in the last quarter. Allianz Asset Management GmbH lifted its position in shares of Plexus by 9.8% during the third quarter. Allianz Asset Management GmbH now owns 4,362 shares of the technology company’s stock worth $631,000 after purchasing an additional 388 shares in the last quarter. Thrivent Financial for Lutherans lifted its position in shares of Plexus by 6.9% during the third quarter. Thrivent Financial for Lutherans now owns 298,117 shares of the technology company’s stock worth $43,134,000 after purchasing an additional 19,248 shares in the last quarter. Arizona State Retirement System lifted its position in shares of Plexus by 1.3% during the third quarter. Arizona State Retirement System now owns 7,993 shares of the technology company’s stock worth $1,157,000 after purchasing an additional 102 shares in the last quarter. Finally, Riverwater Partners LLC lifted its position in shares of Plexus by 6.1% during the third quarter. Riverwater Partners LLC now owns 19,300 shares of the technology company’s stock worth $2,793,000 after purchasing an additional 1,111 shares in the last quarter. Hedge funds and other institutional investors own 94.45% of the company’s stock.

About Plexus

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.