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

Key Points

• CEO insider sale: Plexus CEO Todd Kelsey sold 1,500 shares for approximately $376,470 under a pre-arranged Rule 10b5-1 trading plan, reducing his direct stake by 2.23% to 65,888 shares.
• Stock performance and results: PLXS fell 1.0% to $241.91, while its latest quarterly earnings of $2.32 per share and revenue of $1.30 billion exceeded analyst expectations. Revenue increased 28.2% year over year.
• Analyst sentiment remains positive: Analysts collectively rate Plexus “Buy,” with an average price target of $273; several firms recently upgraded the stock, while institutional investors own 94.45% of outstanding shares.

Plexus Corp. (NASDAQ:PLXS - Get Free Report) CEO Todd Kelsey sold 1,500 shares of the firm's stock in a transaction dated Wednesday, August 19th. The stock was sold at an average price of $250.98, for a total value of $376,470.00. Following the sale, the chief executive officer directly owned 65,888 shares in the company, valued at $16,536,570.24. This trade represents a 2.23% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Plexus Stock Down 1.0%

PLXS traded down $2.35 on Thursday, reaching $241.91. The company's stock had a trading volume of 231,792 shares, compared to its average volume of 332,131. The stock has a 50 day moving average of $271.06 and a two-hundred day moving average of $242.31. The company has a quick ratio of 0.72, a current ratio of 1.49 and a debt-to-equity ratio of 0.06. The company has a market capitalization of $6.47 billion, a price-to-earnings ratio of 35.68 and a beta of 0.90. Plexus Corp. has a fifty-two week low of $126.86 and a fifty-two week high of $307.06.

Plexus (NASDAQ:PLXS - Get Free Report) last released its quarterly earnings data on Wednesday, July 29th. The technology company reported $2.32 earnings per share for the quarter, topping analysts' consensus estimates of $2.13 by $0.19. Plexus had a net margin of 4.03% and a return on equity of 12.46%. The company had revenue of $1.30 billion for the quarter, compared to analysts' expectations of $1.23 billion. During the same quarter last year, the company earned $1.64 earnings per share. The firm's revenue for the quarter was up 28.2% on a year-over-year basis. Plexus has set its Q4 2026 guidance at 2.470-2.630 EPS. As a group, analysts forecast that Plexus Corp. will post 7.11 EPS for the current fiscal year.

Hedge Funds Weigh In On Plexus

Institutional investors have recently added to or reduced their stakes in the stock. Mitsubishi UFJ Asset Management Co. Ltd. acquired a new stake in Plexus during the 2nd quarter worth approximately $32,000. Kilter Group LLC acquired a new position in shares of Plexus in the second quarter valued at approximately $40,000. Persistent Asset Partners Ltd purchased a new stake in shares of Plexus during the second quarter worth approximately $71,000. Covestor Ltd raised its stake in shares of Plexus by 207.7% during the fourth quarter. Covestor Ltd now owns 240 shares of the technology company's stock worth $35,000 after purchasing an additional 162 shares during the last quarter. Finally, Caitlin John LLC acquired a new stake in shares of Plexus during the second quarter worth $74,000. Institutional investors and hedge funds own 94.45% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on PLXS shares. Sidoti raised Plexus from a "neutral" rating to a "buy" rating and set a $308.00 price objective on the stock in a report on Friday, July 31st. Wall Street Zen raised Plexus from a "hold" rating to a "buy" rating in a report on Saturday, May 2nd. Zacks Research raised Plexus from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, August 11th. Weiss Ratings cut Plexus from a "buy (b)" rating to a "buy (b-)" rating in a research report on Tuesday, August 11th. Finally, Stifel Nicolaus raised their price target on Plexus from $280.00 to $330.00 and gave the stock a "buy" rating in a research note on Monday, June 22nd. One research analyst has rated the stock with a Strong Buy rating and six have assigned a Buy rating to the company. According to data from MarketBeat.com, Plexus currently has an average rating of "Buy" and an average target price of $273.00.

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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