Plexus (NASDAQ:PLXS) CEO Sells $379,155.00 in Stock

Plexus Corp. (NASDAQ:PLXS) CEO Todd Kelsey sold 1,500 shares of Plexus stock in a transaction that occurred on Wednesday, May 20th. The shares were sold at an average price of $252.77, for a total transaction of $379,155.00. Following the sale, the chief executive officer owned 72,388 shares of the company’s stock, valued at approximately $18,297,514.76. The trade was a 2.03% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Plexus Stock Performance

Shares of NASDAQ:PLXS traded up $9.34 during midday trading on Friday, reaching $265.72. The company’s stock had a trading volume of 226,814 shares, compared to its average volume of 343,209. The firm has a market capitalization of $7.11 billion, a PE ratio of 38.85 and a beta of 0.88. Plexus Corp. has a twelve month low of $115.35 and a twelve month high of $275.83. The stock has a fifty day moving average of $228.85 and a 200 day moving average of $189.62. The company has a quick ratio of 0.74, a current ratio of 1.54 and a debt-to-equity ratio of 0.06.

Plexus (NASDAQ:PLXS) last posted 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. 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 the consensus estimate of $1.13 billion. During the same period in the previous year, the firm posted $1.66 earnings per share. The firm’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, equities analysts expect that Plexus Corp. will post 5.97 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts have recently commented on PLXS shares. Needham & Company LLC upped their target price on Plexus from $206.00 to $285.00 and gave the stock a “buy” rating in a research note on Friday, May 1st. Zacks Research downgraded Plexus from a “hold” rating to a “strong sell” rating in a report on Wednesday. Raymond James Financial restated an “outperform” rating and issued a $275.00 price objective on shares of Plexus in a research report on Thursday, April 30th. Stifel Nicolaus set a $250.00 price objective on shares of Plexus and gave the stock a “buy” rating in a research note on Monday, April 20th. Finally, Weiss Ratings upgraded shares of Plexus from a “buy (b-)” rating to a “buy (b)” rating in a research note on Monday, May 11th. Five analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, Plexus currently has a consensus rating of “Moderate Buy” and an average price target of $229.17.

Institutional Investors Weigh In On Plexus

A number of institutional investors have recently modified their holdings of the business. Vanguard Group Inc. increased its stake in shares of Plexus by 0.6% in the 3rd quarter. Vanguard Group Inc. now owns 3,683,845 shares of the technology company’s stock valued at $533,016,000 after purchasing an additional 22,374 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in Plexus by 0.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,373,457 shares of the technology company’s stock valued at $201,903,000 after purchasing an additional 7,051 shares during the period. American Century Companies Inc. increased its position in shares of Plexus by 44.2% in the third quarter. American Century Companies Inc. now owns 1,103,892 shares of the technology company’s stock valued at $159,722,000 after buying an additional 338,119 shares in the last quarter. State Street Corp increased its position in shares of Plexus by 2.3% in the second quarter. State Street Corp now owns 1,059,501 shares of the technology company’s stock valued at $143,361,000 after buying an additional 24,115 shares in the last quarter. Finally, BNP PARIBAS ASSET MANAGEMENT Holding S.A. raised its stake in shares of Plexus by 4.0% during the 3rd quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 915,296 shares of the technology company’s stock worth $132,434,000 after buying an additional 35,237 shares during the period. 94.45% of the stock is currently 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.