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

Plexus Corp. (NASDAQ:PLXS) CEO Todd Kelsey sold 1,500 shares of Plexus stock in a transaction dated Wednesday, June 17th. The shares were sold at an average price of $294.98, for a total value of $442,470.00. Following the sale, the chief executive officer owned 68,888 shares of the company’s stock, valued at approximately $20,320,582.24. This trade represents a 2.13% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Plexus Price Performance

PLXS stock opened at $299.97 on Friday. The company’s 50 day moving average is $262.19 and its 200 day moving average is $209.83. The stock has a market cap of $8.03 billion, a price-to-earnings ratio of 43.86 and a beta of 0.89. The company has a current ratio of 1.54, a quick ratio of 0.74 and a debt-to-equity ratio of 0.06. Plexus Corp. has a 1-year low of $115.35 and a 1-year high of $304.90.

Plexus (NASDAQ:PLXS) last announced its earnings results on Wednesday, April 29th. The technology company reported $2.05 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.87 by $0.18. Plexus had a net margin of 4.35% and a return on equity of 12.84%. The business had revenue of $1.16 billion during the quarter, compared to analyst estimates of $1.13 billion. During the same period in the previous year, the business posted $1.66 earnings per share. Plexus’s revenue for the quarter was up 18.7% on a year-over-year basis. Plexus has set its Q3 2026 guidance at 2.020-2.180 EPS. Sell-side analysts predict that Plexus Corp. will post 5.98 EPS for the current fiscal year.

Hedge Funds Weigh In On Plexus

Several institutional investors and hedge funds have recently made changes to their positions in the business. Covestor Ltd raised its position in Plexus by 207.7% in the 4th quarter. Covestor Ltd now owns 240 shares of the technology company’s stock worth $35,000 after purchasing an additional 162 shares during the period. Allworth Financial LP grew its stake in shares of Plexus by 70.1% during the third quarter. Allworth Financial LP now owns 250 shares of the technology company’s stock valued at $36,000 after buying an additional 103 shares during the last quarter. Johnson Financial Group Inc. bought a new position in shares of Plexus during the third quarter valued at about $72,000. Farther Finance Advisors LLC increased its holdings in shares of Plexus by 114.7% in the fourth quarter. Farther Finance Advisors LLC now owns 511 shares of the technology company’s stock worth $75,000 after buying an additional 273 shares during the period. Finally, EverSource Wealth Advisors LLC increased its holdings in shares of Plexus by 583.3% in the second quarter. EverSource Wealth Advisors LLC now owns 574 shares of the technology company’s stock worth $78,000 after buying an additional 490 shares during the period. Institutional investors own 94.45% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on the stock. Needham & Company LLC upped their target price on shares of Plexus from $285.00 to $310.00 and gave the stock a “buy” rating in a research report on Monday, June 1st. Weiss Ratings downgraded Plexus from a “buy (b)” rating to a “buy (b-)” rating in a research report on Thursday, June 11th. Stifel Nicolaus set a $280.00 price target on Plexus in a research note on Tuesday, May 26th. Wall Street Zen upgraded Plexus from a “hold” rating to a “buy” rating in a report on Saturday, May 2nd. Finally, Raymond James Financial reiterated an “outperform” rating and set a $275.00 price objective on shares of Plexus in a research report on Thursday, April 30th. Five equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus 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.