Plexus (NASDAQ:PLXS) CEO Todd Kelsey Sells 1,500 Shares

Plexus Corp. (NASDAQ:PLXS) CEO Todd Kelsey sold 1,500 shares of the stock in a transaction dated Wednesday, August 19th. The stock was sold at an average price of $250.98, for a total transaction of $376,470.00. Following the transaction, the chief executive officer directly owned 65,888 shares of the company’s stock, valued at $16,536,570.24. This represents a 2.23% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Plexus Stock Performance

PLXS traded down $2.35 during trading on Thursday, reaching $241.91. The company’s stock had a trading volume of 231,792 shares, compared to its average volume of 332,131. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.72 and a current ratio of 1.49. The company’s fifty day moving average price is $271.06 and its 200-day moving average price is $242.31. Plexus Corp. has a 52-week low of $126.86 and a 52-week high of $307.06. The company has a market capitalization of $6.47 billion, a price-to-earnings ratio of 35.68 and a beta of 0.90.

Plexus (NASDAQ:PLXS) last posted its quarterly earnings results on Wednesday, July 29th. The technology company reported $2.32 EPS for the quarter, beating the consensus estimate of $2.13 by $0.19. Plexus had a return on equity of 12.46% and a net margin of 4.03%.The business had revenue of $1.30 billion during the quarter, compared to analysts’ expectations of $1.23 billion. During the same period last year, the firm earned $1.64 EPS. The company’s quarterly revenue was up 28.2% compared to the same quarter last year. Plexus has set its Q4 2026 guidance at 2.470-2.630 EPS. On average, equities analysts forecast that Plexus Corp. will post 7.11 earnings per share for the current fiscal year.

Analyst Ratings Changes

PLXS has been the subject of a number of research analyst reports. Wall Street Zen upgraded shares of Plexus from a “hold” rating to a “buy” rating in a report on Saturday, May 2nd. Needham & Company LLC reissued a “buy” rating and set a $310.00 price objective on shares of Plexus in a report on Friday, August 14th. Weiss Ratings lowered shares of Plexus from a “buy (b)” rating to a “buy (b-)” rating in a research report on Tuesday, August 11th. Stifel Nicolaus increased their target price on shares of Plexus from $280.00 to $330.00 and gave the company a “buy” rating in a report on Monday, June 22nd. Finally, Raymond James Financial reiterated an “outperform” rating and set a $275.00 price target on shares of Plexus in a research report on Thursday, April 30th. One investment analyst has rated the stock with a Strong Buy rating and six have assigned a Buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average target price of $273.00.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the company. AQR Capital Management LLC grew its stake in 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 acquiring an additional 4,255 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in Plexus by 4.6% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 15,971 shares of the technology company’s stock worth $2,046,000 after acquiring an additional 705 shares during the last quarter. United Services Automobile Association acquired a new position in Plexus during the first quarter worth about $218,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in shares of Plexus by 12.9% in the first 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 purchasing an additional 9,078 shares in the last quarter. Finally, Cetera Investment Advisers purchased a new stake in shares of Plexus in the second quarter valued at about $309,000. Institutional investors and hedge funds own 94.45% of the company’s stock.

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.