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

Plexus Corp. (NASDAQ:PLXS) CEO Todd Kelsey sold 1,500 shares of Plexus stock in a transaction on Wednesday, October 21st. The shares were sold at an average price of $239.16, for a total transaction of $358,740.00. Following the completion of the sale, the chief executive officer owned 62,888 shares of the company’s stock, valued at $15,040,294.08. This represents a 2.33% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Plexus Stock Down 7.5%

Plexus stock opened at $220.78 on Friday. The company has a quick ratio of 0.72, a current ratio of 1.49 and a debt-to-equity ratio of 0.06. Plexus Corp. has a 12-month low of $132.03 and a 12-month high of $307.06. The firm’s fifty day moving average is $250.63 and its 200 day moving average is $258.62. The company has a market capitalization of $5.91 billion, a PE ratio of 35.21 and a beta of 0.88.

Plexus (NASDAQ:PLXS) last issued its 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. The business had revenue of $1.30 billion for the quarter, compared to analyst estimates of $1.23 billion. Plexus had a net margin of 4.03% and a return on equity of 12.46%. Plexus’s revenue was up 28.2% on a year-over-year basis. During the same period in the prior year, the firm earned $1.64 earnings per share. Plexus has set its Q4 2026 guidance at 2.470-2.630 EPS. As a group, sell-side analysts predict that Plexus Corp. will post 7.13 EPS for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. Fifth Third Wealth Advisors LLC grew its holdings in shares of Plexus by 185.2% during the third quarter. Fifth Third Wealth Advisors LLC now owns 4,755 shares of the technology company’s stock valued at $1,241,000 after buying an additional 3,088 shares during the last quarter. Sterling Capital Management LLC increased its position in shares of Plexus by 841.1% during the third quarter. Sterling Capital Management LLC now owns 894 shares of the technology company’s stock worth $233,000 after acquiring an additional 799 shares in the last quarter. Root Financial Partners LLC acquired a new stake in shares of Plexus in the 3rd quarter worth about $32,000. Reyes Financial Architecture Inc. acquired a new stake in shares of Plexus in the 3rd quarter worth about $49,000. Finally, Axxcess Wealth Management LLC acquired a new stake in shares of Plexus in the 3rd quarter worth about $603,000. 94.45% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several analysts have recently commented on the company. Wall Street Zen upgraded Plexus from a “hold” rating to a “buy” rating in a research note on Sunday, October 4th. Zacks Research raised Plexus from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, August 11th. Weiss Ratings upgraded Plexus from a “hold (c+)” rating to a “buy (b-)” rating in a report on Thursday, October 8th. Needham & Company LLC reiterated a “buy” rating and issued a $310.00 price target on shares of Plexus in a report on Friday, August 14th. Finally, KeyCorp raised Plexus from a “sector weight” rating to an “overweight” rating and set a $300.00 price objective for the company in a research note on Monday, September 21st. One investment analyst has rated the stock with a Strong Buy rating and seven have issued a Buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Buy” and an average target price of $276.86.

Plexus Company Profile

Plexus Corp. is an electronics manufacturing services company that helps customers design, develop, manufacture and service complex electronic products. The company provides an integrated product-realization process spanning engineering and design, supply-chain management, manufacturing, testing, logistics and aftermarket services.

Plexus supports original equipment manufacturers in industries including healthcare and life sciences, industrial and commercial, aerospace and defense, and communications.