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

Plexus Corp. (NASDAQ:PLXS) CEO Todd Kelsey sold 1,500 shares of Plexus stock in a transaction on Wednesday, September 16th. The stock was sold at an average price of $242.41, for a total value of $363,615.00. Following the sale, the chief executive officer owned 64,388 shares in the company, valued at $15,608,295.08. The trade was a 2.28% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Plexus Price Performance

Shares of NASDAQ:PLXS opened at $245.74 on Friday. Plexus Corp. has a fifty-two week low of $132.03 and a fifty-two week high of $307.06. The company’s 50-day moving average is $252.79 and its 200 day moving average is $248.58. The company has a market capitalization of $6.58 billion, a P/E ratio of 36.24 and a beta of 0.89. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.72 and a current ratio of 1.49.

Plexus (NASDAQ:PLXS) last issued its quarterly earnings results on Wednesday, July 29th. The technology company reported $2.32 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.13 by $0.19. Plexus had a net margin of 4.03% and a return on equity of 12.46%. The company had revenue of $1.30 billion during the quarter, compared to analyst estimates of $1.23 billion. During the same quarter last year, the business posted $1.64 EPS. Plexus’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 research analysts forecast that Plexus Corp. will post 7.11 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several analysts have weighed in on PLXS shares. Stifel Nicolaus raised their price target on Plexus from $280.00 to $330.00 and gave the company a “buy” rating in a report on Monday, June 22nd. Zacks Research raised shares of Plexus from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, August 11th. Weiss Ratings cut shares of Plexus from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Wednesday, September 9th. Sidoti upgraded shares of Plexus from a “neutral” rating to a “buy” rating and set a $308.00 price objective for the company in a report on Friday, July 31st. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $310.00 price objective on shares of Plexus in a research report on Friday, August 14th. One equities research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus price target of $273.00.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of PLXS. Sequoia Financial Advisors LLC boosted its holdings in shares of Plexus by 11.2% during the 2nd quarter. Sequoia Financial Advisors LLC now owns 1,653 shares of the technology company’s stock valued at $497,000 after acquiring an additional 167 shares during the last quarter. Tidal Investments LLC increased its position in Plexus by 21.6% during the second quarter. Tidal Investments LLC now owns 1,757 shares of the technology company’s stock valued at $528,000 after acquiring an additional 312 shares during the last quarter. Integrated Wealth Concepts LLC bought a new position in Plexus in the second quarter valued at about $51,000. NewEdge Advisors LLC purchased a new position in Plexus in the second quarter worth about $205,000. Finally, Baird Financial Group Inc. purchased a new position in Plexus in the second quarter worth about $460,000. Hedge funds and other institutional investors own 94.45% of the company’s stock.

About Plexus

Plexus Corp. is a global electronics manufacturing services company that designs, manufactures and services products for original equipment manufacturers. The company supports customers across the product life cycle, from product development and engineering to supply chain management, assembly, testing, fulfillment and aftermarket services.

Plexus provides solutions for industries including healthcare and life sciences, industrial and commercial, aerospace and defense, and communications.