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

Plexus Corp. (NASDAQ:PLXS) CEO Todd Kelsey sold 1,000 shares of the business’s stock in a transaction that occurred on Wednesday, May 6th. The shares were sold at an average price of $270.75, for a total value of $270,750.00. Following the completion of the transaction, the chief executive officer directly owned 73,888 shares in the company, valued at approximately $20,005,176. The trade was a 1.34% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.

Plexus Stock Performance

Shares of NASDAQ:PLXS traded down $0.07 during trading on Wednesday, reaching $265.04. The company had a trading volume of 432,167 shares, compared to its average volume of 353,160. The firm has a market capitalization of $7.10 billion, a price-to-earnings ratio of 38.75 and a beta of 0.88. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.54 and a quick ratio of 0.74. The stock’s fifty day moving average price is $213.12 and its 200 day moving average price is $179.85. Plexus Corp. has a fifty-two week low of $115.35 and a fifty-two week high of $275.83.

Plexus (NASDAQ:PLXS) last released its earnings results 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. The business had revenue of $1.16 billion for the quarter, compared to analyst estimates of $1.13 billion. Plexus had a return on equity of 12.84% and a net margin of 4.35%.The company’s revenue for the quarter was up 18.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.66 earnings per share. Plexus has set its Q3 2026 guidance at 2.020-2.180 EPS. As a group, equities research analysts predict that Plexus Corp. will post 6.56 EPS for the current year.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on PLXS. Needham & Company LLC upped their price objective on Plexus from $206.00 to $285.00 and gave the stock a “buy” rating in a report on Friday, May 1st. Stifel Nicolaus set a $250.00 price objective on Plexus and gave the stock a “buy” rating in a report on Monday, April 20th. Zacks Research lowered Plexus from a “strong-buy” rating to a “hold” rating in a report on Monday, April 13th. Raymond James Financial reaffirmed an “outperform” rating and set a $275.00 price objective on shares of Plexus in a report on Thursday, April 30th. Finally, Wall Street Zen raised Plexus from a “hold” rating to a “buy” rating in a report on Saturday. Five analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $229.17.

Institutional Trading of Plexus

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

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.