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

Plexus Corp. (NASDAQ:PLXS) CEO Todd Kelsey sold 1,000 shares of the company’s stock in a transaction that occurred on Wednesday, May 27th. The shares were sold at an average price of $274.75, for a total transaction of $274,750.00. Following the completion of the transaction, the chief executive officer owned 71,388 shares of the company’s stock, valued at $19,613,853. This trade represents a 1.38% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Plexus Stock Up 0.2%

Plexus stock opened at $268.36 on Friday. The stock has a market capitalization of $7.18 billion, a PE ratio of 39.23 and a beta of 0.88. Plexus Corp. has a twelve month low of $115.35 and a twelve month high of $275.83. 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 company has a 50 day moving average of $237.81 and a 200-day moving average of $194.54.

Plexus (NASDAQ:PLXS) last released its quarterly earnings results on Wednesday, April 29th. The technology company reported $2.05 earnings per share for the quarter, beating the consensus estimate of $1.87 by $0.18. The company had revenue of $1.16 billion during the quarter, compared to analysts’ expectations of $1.13 billion. Plexus had a net margin of 4.35% and a return on equity of 12.84%. The business’s quarterly revenue was up 18.7% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.66 earnings per share. Plexus has set its Q3 2026 guidance at 2.020-2.180 EPS. On average, equities research analysts anticipate that Plexus Corp. will post 5.98 EPS for the current fiscal year.

Institutional Trading of Plexus

Several institutional investors and hedge funds have recently added to or reduced their stakes in PLXS. AQR Capital Management LLC raised its position in Plexus by 103.1% during the first quarter. AQR Capital Management LLC now owns 8,384 shares of the technology company’s stock worth $1,074,000 after acquiring an additional 4,255 shares in 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 in the last quarter. United Services Automobile Association bought a new stake in Plexus during the first quarter worth $218,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in Plexus by 12.9% during 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 worth $10,197,000 after acquiring an additional 9,078 shares in the last quarter. Finally, Cetera Investment Advisers bought a new stake in Plexus during the second quarter worth $309,000. 94.45% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research analysts recently commented on PLXS shares. Raymond James Financial restated an “outperform” rating and set a $275.00 target price on shares of Plexus in a report on Thursday, April 30th. 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 increased their target price on shares of Plexus from $206.00 to $285.00 and gave the stock a “buy” rating in a report on Friday, May 1st. Stifel Nicolaus set a $280.00 target price on shares of Plexus in a report on Tuesday. Finally, Benchmark restated a “buy” rating and set a $220.00 target price on shares of Plexus in a report on Monday, March 16th. Five research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $234.17.

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.