Plexus (NASDAQ:PLXS) CEO Sells $805,350.00 in Stock

Key Points

• Plexus CEO Todd Kelsey sold 3,000 shares on May 5 at an average price of $268.45 for a total of $805,350, trimming his stake by 3.85% to 74,888 shares (about $20.1M).
• Plexus beat quarterly expectations, reporting $2.05 EPS vs. $1.87 expected and revenue of $1.16B (up 18.7% YoY), and set Q3 2026 guidance of $2.020–$2.180 EPS.
• The stock trades near $265 with a market cap around $7.1B and a PE of ~38.8, and analysts hold a consensus "Moderate Buy" rating with an average target of $229.17 (several firms have raised targets up to $285).

Plexus Corp. (NASDAQ:PLXS - Get Free Report) CEO Todd Kelsey sold 3,000 shares of the firm's stock in a transaction dated Tuesday, May 5th. The shares were sold at an average price of $268.45, for a total transaction of $805,350.00. Following the completion of the transaction, the chief executive officer directly owned 74,888 shares in the company, valued at approximately $20,103,683.60. The trade was a 3.85% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website.

Plexus Stock Down 0.0%

NASDAQ PLXS traded down $0.07 during trading hours on Wednesday, hitting $265.04. The company's stock had a trading volume of 432,167 shares, compared to its average volume of 353,160. Plexus Corp. has a 52 week low of $115.35 and a 52 week high of $275.83. The company's 50-day simple moving average is $213.12 and its two-hundred day simple moving average is $179.85. The company has a current ratio of 1.54, a quick ratio of 0.74 and a debt-to-equity ratio of 0.06. The company has a market capitalization of $7.10 billion, a PE ratio of 38.75 and a beta of 0.88.

Plexus (NASDAQ:PLXS - Get Free Report) last posted its earnings results on Wednesday, April 29th. The technology company reported $2.05 EPS for the quarter, topping the consensus estimate of $1.87 by $0.18. Plexus had a net margin of 4.35% and a return on equity of 12.84%. The firm had revenue of $1.16 billion for the quarter, compared to analysts' expectations of $1.13 billion. During the same quarter last year, the firm earned $1.66 EPS. The company's quarterly revenue was up 18.7% compared to the same quarter last year. Plexus has set its Q3 2026 guidance at 2.020-2.180 EPS. Research analysts anticipate that Plexus Corp. will post 6.56 EPS for the current fiscal year.

Institutional Investors Weigh In On Plexus

Several large investors have recently modified their holdings of the stock. Inspire Investing LLC increased its stake in shares of Plexus by 1.6% during the 4th quarter. Inspire Investing LLC now owns 3,178 shares of the technology company's stock worth $467,000 after purchasing an additional 50 shares during the last quarter. Allworth Financial LP grew its stake in Plexus by 20.8% in the 4th quarter. Allworth Financial LP now owns 302 shares of the technology company's stock valued at $44,000 after buying an additional 52 shares in the last quarter. Maryland State Retirement & Pension System grew its stake in Plexus by 1.5% in the 4th 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 grew its stake in Plexus by 1.2% in the 4th 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 grew its stake in Plexus by 0.8% in the 4th quarter. Uncommon Cents Investing LLC now owns 9,925 shares of the technology company's stock valued at $1,459,000 after buying an additional 75 shares in the last quarter. Hedge funds and other institutional investors own 94.45% of the company's stock.

Analyst Ratings Changes

PLXS has been the topic of several recent analyst reports. Williams Trading set a $195.00 target price on shares of Plexus in a research report on Wednesday, January 28th. Wall Street Zen upgraded shares of Plexus from a "hold" rating to a "buy" rating in a research note on Saturday. Needham & Company LLC raised their price target on shares of Plexus from $206.00 to $285.00 and gave the stock a "buy" rating in a research note on Friday, May 1st. Stifel Nicolaus set a $250.00 price target on shares of Plexus and gave the stock a "buy" rating in a research note on Monday, April 20th. Finally, Zacks Research lowered shares of Plexus from a "strong-buy" rating to a "hold" rating in a research note on Monday, April 13th. Five research analysts have rated the stock with a Buy rating and two have given 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 target price of $229.17.

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.

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