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

Plexus Corp. (NASDAQ:PLXS) CEO Todd Kelsey sold 1,500 shares of the firm’s stock in a transaction on Wednesday, March 18th. The stock was sold at an average price of $194.24, for a total value of $291,360.00. Following the sale, the chief executive officer directly owned 81,791 shares of the company’s stock, valued at approximately $15,887,083.84. This trade represents a 1.80% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Plexus Stock Performance

Shares of Plexus stock opened at $195.00 on Friday. The firm has a market cap of $5.22 billion, a PE ratio of 30.33 and a beta of 0.81. The company has a quick ratio of 0.75, a current ratio of 1.59 and a debt-to-equity ratio of 0.06. Plexus Corp. has a 52 week low of $103.43 and a 52 week high of $211.84. The business’s fifty day simple moving average is $192.33 and its 200-day simple moving average is $161.92.

Plexus (NASDAQ:PLXS) last issued its quarterly earnings data on Wednesday, January 28th. The technology company reported $1.78 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.77 by $0.01. Plexus had a return on equity of 12.39% and a net margin of 4.28%.The firm had revenue of $1.07 billion during the quarter, compared to the consensus estimate of $1.07 billion. During the same period last year, the company earned $1.73 EPS. The company’s quarterly revenue was up 9.6% on a year-over-year basis. Plexus has set its Q2 2026 guidance at 1.800-1.950 EPS. Equities analysts forecast that Plexus Corp. will post 5.9 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the stock. Stifel Nicolaus upped their price objective on shares of Plexus from $150.00 to $200.00 and gave the stock a “hold” rating in a report on Friday, January 30th. Wall Street Zen downgraded shares of Plexus from a “buy” rating to a “hold” rating in a report on Sunday, March 8th. Williams Trading set a $195.00 target price on Plexus in a research report on Wednesday, January 28th. Weiss Ratings upgraded Plexus from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday, March 6th. Finally, Zacks Research upgraded Plexus from a “hold” rating to a “strong-buy” rating in a research report on Friday, February 6th. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $194.20.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Inspire Investing LLC lifted its holdings in shares of Plexus by 1.6% in the 4th quarter. Inspire Investing LLC now owns 3,178 shares of the technology company’s stock valued at $467,000 after buying an additional 50 shares during the period. Allworth Financial LP grew its holdings in Plexus by 20.8% in the fourth quarter. Allworth Financial LP now owns 302 shares of the technology company’s stock valued at $44,000 after purchasing an additional 52 shares during the last quarter. Maryland State Retirement & Pension System increased its position in shares of Plexus by 1.5% in the fourth quarter. Maryland State Retirement & Pension System now owns 3,940 shares of the technology company’s stock valued at $579,000 after buying an additional 60 shares in the last quarter. Oregon Public Employees Retirement Fund increased its position in shares of Plexus by 1.2% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 6,175 shares of the technology company’s stock valued at $908,000 after buying an additional 71 shares in the last quarter. Finally, Uncommon Cents Investing LLC raised its stake in shares of Plexus by 0.8% during the 4th quarter. Uncommon Cents Investing LLC now owns 9,925 shares of the technology company’s stock worth $1,459,000 after buying an additional 75 shares during the last quarter. Institutional investors and hedge funds own 94.45% of the company’s stock.

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.