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

Plexus Corp. (NASDAQ:PLXS) CEO Todd Kelsey sold 1,000 shares of the company’s stock in a transaction on Wednesday, May 27th. The shares were sold at an average price of $274.75, for a total value 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. The trade was a 1.38% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.

Plexus Stock Performance

Plexus stock opened at $268.36 on Friday. The firm has a market capitalization of $7.18 billion, a P/E ratio of 39.23 and a beta of 0.88. The stock has a fifty day moving average price of $237.81 and a 200 day moving average price of $194.54. Plexus Corp. has a 52 week low of $115.35 and a 52 week high of $275.83. 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 (NASDAQ:PLXS) last released its earnings results on Wednesday, April 29th. The technology company reported $2.05 EPS for the quarter, beating the consensus estimate of $1.87 by $0.18. The firm had revenue of $1.16 billion during the quarter, compared to analyst estimates of $1.13 billion. Plexus had a return on equity of 12.84% and a net margin of 4.35%.The business’s quarterly revenue was up 18.7% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.66 earnings per share. Plexus has set its Q3 2026 guidance at 2.020-2.180 EPS. Equities research analysts anticipate that Plexus Corp. will post 5.98 earnings per share for the current year.

Institutional Investors Weigh In On Plexus

A number of institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its position in Plexus by 0.6% during the third quarter. Vanguard Group Inc. now owns 3,683,845 shares of the technology company’s stock valued at $533,016,000 after acquiring an additional 22,374 shares during the period. Dimensional Fund Advisors LP grew its position in Plexus by 0.5% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,373,457 shares of the technology company’s stock valued at $201,903,000 after acquiring an additional 7,051 shares during the period. American Century Companies Inc. grew its position in Plexus by 44.2% during the third quarter. American Century Companies Inc. now owns 1,103,892 shares of the technology company’s stock valued at $159,722,000 after acquiring an additional 338,119 shares during the period. State Street Corp boosted its position in shares of Plexus by 2.3% in the second quarter. State Street Corp now owns 1,059,501 shares of the technology company’s stock worth $143,361,000 after buying an additional 24,115 shares during the period. Finally, BNP PARIBAS ASSET MANAGEMENT Holding S.A. boosted its position in shares of Plexus by 4.0% in the third quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 915,296 shares of the technology company’s stock worth $132,434,000 after buying an additional 35,237 shares during the period. Hedge funds and other institutional investors own 94.45% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the company. Raymond James Financial reiterated an “outperform” rating and issued a $275.00 target price on shares of Plexus in a research note on Thursday, April 30th. Zacks Research lowered Plexus from a “hold” rating to a “strong sell” rating in a research note on Wednesday, May 20th. Needham & Company LLC upped their target price on Plexus from $206.00 to $285.00 and gave the company a “buy” rating in a research note on Friday, May 1st. Wall Street Zen upgraded Plexus from a “hold” rating to a “buy” rating in a research note on Saturday, May 2nd. Finally, Weiss Ratings upgraded Plexus from a “buy (b-)” rating to a “buy (b)” rating in a research note on Monday, May 11th. 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 stock. According to MarketBeat, Plexus has a consensus rating of “Moderate Buy” and a consensus target price 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.