Plexus (NASDAQ:PLXS) CEO Sells $442,470.00 in Stock

Plexus Corp. (NASDAQ:PLXS) CEO Todd Kelsey sold 1,500 shares of the company’s stock in a transaction on Wednesday, June 17th. The stock was sold at an average price of $294.98, for a total value of $442,470.00. Following the transaction, the chief executive officer directly owned 68,888 shares in the company, valued at approximately $20,320,582.24. The trade was a 2.13% decrease in their ownership of the stock. The sale was disclosed in a filing 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 $5.95 during mid-day trading on Thursday, hitting $299.98. The stock had a trading volume of 423,439 shares, compared to its average volume of 335,841. The company has a 50 day moving average of $258.73 and a two-hundred day moving average of $208.09. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.74 and a current ratio of 1.54. The firm has a market cap of $8.03 billion, a PE ratio of 43.86 and a beta of 0.89. Plexus Corp. has a twelve month low of $115.35 and a twelve month high of $304.90.

Plexus (NASDAQ:PLXS) last announced its quarterly earnings data on Wednesday, April 29th. The technology company reported $2.05 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.87 by $0.18. The firm had revenue of $1.16 billion during the quarter, compared to analysts’ expectations 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 period last year, the business posted $1.66 earnings per share. Plexus has set its Q3 2026 guidance at 2.020-2.180 EPS. Research analysts predict that Plexus Corp. will post 5.98 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on PLXS shares. Benchmark reiterated a “buy” rating and issued a $220.00 price objective on shares of Plexus in a research note on Monday, March 16th. Zacks Research downgraded shares of Plexus from a “hold” rating to a “strong sell” rating in a research report on Wednesday, May 20th. Raymond James Financial reaffirmed an “outperform” rating and issued a $275.00 price target on shares of Plexus in a report on Thursday, April 30th. Weiss Ratings downgraded Plexus from a “buy (b)” rating to a “buy (b-)” rating in a research report on Thursday, June 11th. Finally, Needham & Company LLC increased their price target on Plexus from $285.00 to $310.00 and gave the stock a “buy” rating in a research report on Monday, June 1st. Five equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $238.33.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. AQR Capital Management LLC increased its stake in shares of Plexus by 103.1% in the 1st quarter. AQR Capital Management LLC now owns 8,384 shares of the technology company’s stock valued at $1,074,000 after purchasing an additional 4,255 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in Plexus by 4.6% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 15,971 shares of the technology company’s stock valued at $2,046,000 after purchasing an additional 705 shares during the period. United Services Automobile Association purchased a new stake in shares of Plexus in the first quarter valued at approximately $218,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in shares of Plexus by 12.9% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 79,584 shares of the technology company’s stock valued at $10,197,000 after buying an additional 9,078 shares in the last quarter. Finally, Cetera Investment Advisers purchased a new stake in Plexus in the 2nd quarter worth $309,000. Institutional investors and hedge funds own 94.45% of the company’s stock.

Plexus Company Profile

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.