Plexus (NASDAQ:PLXS) CEO Todd P. Kelsey Sells 1,500 Shares

Key Points

• Plexus Corp. CEO Todd Kelsey sold 1,500 shares at an average price of $134.54, totaling $201,810, which represents a 2.08% decrease in his holdings.
• The company's quarterly earnings showed an EPS of $1.90, exceeding analyst estimates, and a year-over-year revenue increase of 6.0%.
• Plexus has attracted significant institutional investment, with 94.45% of its stock owned by institutional investors following notable increases in shares held by several funds.

Plexus Corp. (NASDAQ:PLXS - Get Free Report) CEO Todd P. Kelsey sold 1,500 shares of the business's stock in a transaction dated Tuesday, September 2nd. The shares were sold at an average price of $134.54, for a total value of $201,810.00. Following the completion of the sale, the chief executive officer directly owned 70,714 shares of the company's stock, valued at $9,513,861.56. The trade was a 2.08% 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

Shares of PLXS stock traded down $1.06 during trading hours on Monday, reaching $137.91. 166,236 shares of the company's stock were exchanged, compared to its average volume of 121,353. The company's 50 day moving average is $133.36 and its two-hundred day moving average is $129.80. The company has a market cap of $3.72 billion, a P/E ratio of 23.49 and a beta of 0.82. Plexus Corp. has a 1 year low of $103.43 and a 1 year high of $172.89. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.58 and a quick ratio of 0.74.

Plexus (NASDAQ:PLXS - Get Free Report) last announced its earnings results on Wednesday, July 23rd. The technology company reported $1.90 EPS for the quarter, beating analysts' consensus estimates of $1.71 by $0.19. The firm had revenue of $1.02 billion for the quarter, compared to analysts' expectations of $1.02 billion. Plexus had a return on equity of 12.33% and a net margin of 4.04%.Plexus's quarterly revenue was up 6.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.45 EPS. Plexus has set its Q4 2025 guidance at 1.820-1.970 EPS. Equities research analysts anticipate that Plexus Corp. will post 5.9 EPS for the current fiscal year.

Analysts Set New Price Targets

PLXS has been the topic of several recent analyst reports. Benchmark reiterated a "buy" rating and issued a $160.00 price target on shares of Plexus in a research note on Wednesday, June 4th. Stifel Nicolaus set a $140.00 target price on Plexus in a report on Thursday, July 24th. Sidoti raised Plexus from a "neutral" rating to a "buy" rating and increased their price target for the company from $135.00 to $150.00 in a research note on Friday, July 25th. Wall Street Zen downgraded Plexus from a "strong-buy" rating to a "buy" rating in a research report on Saturday, August 16th. Finally, Needham & Company LLC cut their price objective on Plexus from $162.00 to $158.00 and set a "buy" rating for the company in a research report on Thursday, July 24th. Three investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $152.00.

Institutional Trading of Plexus

Several hedge funds have recently modified their holdings of PLXS. Aquatic Capital Management LLC grew its holdings in Plexus by 134.0% during the 4th quarter. Aquatic Capital Management LLC now owns 234 shares of the technology company's stock worth $37,000 after acquiring an additional 134 shares during the period. Huntington National Bank lifted its position in Plexus by 41.5% in the 2nd quarter. Huntington National Bank now owns 324 shares of the technology company's stock valued at $44,000 after acquiring an additional 95 shares in the last quarter. Versant Capital Management Inc lifted its position in Plexus by 1,000.0% in the 1st quarter. Versant Capital Management Inc now owns 473 shares of the technology company's stock valued at $61,000 after acquiring an additional 430 shares in the last quarter. TD Private Client Wealth LLC boosted its stake in shares of Plexus by 185.6% during the 1st quarter. TD Private Client Wealth LLC now owns 514 shares of the technology company's stock worth $66,000 after buying an additional 334 shares during the last quarter. Finally, CWM LLC increased its stake in shares of Plexus by 65.7% during the 2nd quarter. CWM LLC now owns 537 shares of the technology company's stock worth $73,000 after purchasing an additional 213 shares during the last quarter. Institutional investors and hedge funds own 94.45% of the company's stock.

Plexus Company Profile

Plexus Corp. provides electronic manufacturing services in the United States and internationally. It offers design, develop, supply chain, new product introduction, and manufacturing solutions, as well as sustaining services to companies in the healthcare/life sciences, industrial/commercial, aerospace/defense, and communications market sectors.