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

Plexus Corp. (NASDAQ:PLXS) CEO Todd Kelsey sold 1,000 shares of Plexus stock in a transaction that occurred on Wednesday, June 3rd. The stock was sold at an average price of $290.00, for a total value of $290,000.00. Following the completion of the sale, the chief executive officer directly owned 70,388 shares in the company, valued at approximately $20,412,520. The trade was a 1.40% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

Plexus Stock Down 1.1%

NASDAQ PLXS opened at $284.35 on Friday. The company has a fifty day moving average of $244.01 and a two-hundred day moving average of $198.78. Plexus Corp. has a 52 week low of $115.35 and a 52 week high of $292.33. The company has a quick ratio of 0.74, a current ratio of 1.54 and a debt-to-equity ratio of 0.06. The firm has a market capitalization of $7.61 billion, a price-to-earnings ratio of 41.57 and a beta of 0.89.

Plexus (NASDAQ:PLXS) last posted 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 return on equity of 12.84% and a net margin of 4.35%.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 previous year, the business earned $1.66 EPS. Plexus’s revenue was up 18.7% compared to the same quarter last year. Plexus has set its Q3 2026 guidance at 2.020-2.180 EPS. On average, analysts predict that Plexus Corp. will post 5.98 earnings per share for the current year.

Institutional Investors Weigh In On Plexus

A number of hedge funds have recently made changes to their positions in the stock. Vanguard Group Inc. increased its position in Plexus by 0.6% during the 3rd quarter. Vanguard Group Inc. now owns 3,683,845 shares of the technology company’s stock valued at $533,016,000 after buying an additional 22,374 shares in the last quarter. Dimensional Fund Advisors LP increased its position in Plexus by 0.5% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,373,457 shares of the technology company’s stock valued at $201,903,000 after buying an additional 7,051 shares in the last quarter. American Century Companies Inc. increased its position in Plexus by 44.2% during the 3rd 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 Plexus by 2.3% during the 2nd 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. increased its position in 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 valued at $132,434,000 after buying an additional 35,237 shares in the last quarter. 94.45% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities research analysts have weighed in on the company. Needham & Company LLC upped their target price on Plexus from $285.00 to $310.00 and gave the stock a “buy” rating in a report on Monday. Weiss Ratings upgraded Plexus from a “buy (b-)” rating to a “buy (b)” rating in a report on Monday, May 11th. Zacks Research cut Plexus from a “hold” rating to a “strong sell” rating in a report on Wednesday, May 20th. Benchmark reiterated a “buy” rating and issued a $220.00 target price on shares of Plexus in a report on Monday, March 16th. Finally, Stifel Nicolaus set a $280.00 target price on Plexus in a report on Tuesday, May 26th. Five investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, Plexus currently has a consensus rating of “Moderate Buy” and an average target price of $238.33.

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.