Plexus (NASDAQ:PLXS) CEO Todd Kelsey Sells 8,120 Shares

Plexus Corp. (NASDAQ:PLXS) CEO Todd Kelsey sold 8,120 shares of Plexus stock in a transaction on Tuesday, February 3rd. The stock was sold at an average price of $205.65, for a total value of $1,669,878.00. Following the completion of the sale, the chief executive officer directly owned 78,598 shares of the company’s stock, valued at $16,163,678.70. The trade was a 9.36% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Plexus Stock Performance

Shares of NASDAQ PLXS traded down $1.18 during midday trading on Tuesday, hitting $203.78. 467,844 shares of the company’s stock traded hands, compared to its average volume of 336,447. The firm has a fifty day moving average of $161.31 and a 200 day moving average of $146.47. Plexus Corp. has a 1 year low of $103.43 and a 1 year high of $208.92. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.75 and a current ratio of 1.59. The stock has a market capitalization of $5.45 billion, a price-to-earnings ratio of 31.69 and a beta of 0.81.

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

Analysts Set New Price Targets

PLXS has been the topic of a number of analyst reports. Sidoti cut Plexus from a “buy” rating to a “neutral” rating and set a $150.00 price objective on the stock. in a research report on Friday, October 24th. Williams Trading set a $195.00 price target on shares of Plexus in a report on Wednesday, January 28th. Benchmark lifted their target price on shares of Plexus from $165.00 to $195.00 and gave the company a “buy” rating in a research note on Wednesday, January 28th. Wall Street Zen lowered Plexus from a “buy” rating to a “hold” rating in a research note on Saturday, November 22nd. Finally, Weiss Ratings reissued a “hold (c+)” rating on shares of Plexus in a report on Thursday, January 22nd. Two research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $189.20.

Institutional Trading of Plexus

Several hedge funds have recently modified their holdings of PLXS. Uncommon Cents Investing LLC lifted its position in Plexus by 0.8% during the fourth quarter. Uncommon Cents Investing LLC now owns 9,925 shares of the technology company’s stock valued at $1,459,000 after purchasing an additional 75 shares during the last quarter. Congress Asset Management Co. lifted its holdings in shares of Plexus by 0.5% in the 3rd quarter. Congress Asset Management Co. now owns 16,245 shares of the technology company’s stock valued at $2,350,000 after acquiring an additional 88 shares during the last quarter. Choreo LLC grew its position in Plexus by 1.9% in the fourth quarter. Choreo LLC now owns 5,131 shares of the technology company’s stock worth $767,000 after acquiring an additional 94 shares in the last quarter. Huntington National Bank increased its stake in Plexus by 41.5% during the second quarter. Huntington National Bank now owns 324 shares of the technology company’s stock worth $44,000 after acquiring an additional 95 shares during the last quarter. Finally, Nisa Investment Advisors LLC increased its stake in Plexus by 0.8% during the third quarter. Nisa Investment Advisors LLC now owns 12,879 shares of the technology company’s stock worth $1,863,000 after acquiring an additional 99 shares during the last quarter. 94.45% of the stock is owned by hedge funds and other institutional investors.

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.