Todd Kelsey Sells 1,000 Shares of Plexus (NASDAQ:PLXS) Stock

Key Points

• Todd Kelsey, Plexus CEO, sold 1,000 shares on May 6 at an average price of $270.75 for total proceeds of $270,750, reducing his stake by 1.34% to 73,888 shares worth about $20.0M.
• Plexus posted Q1 EPS of $2.05 (beating estimates) and revenue of $1.16B (up 18.7% YoY); the stock has a $7.1B market cap, an average analyst rating of "Moderate Buy" and an average price target of $229.17 (with some targets as high as $285).

Plexus Corp. (NASDAQ:PLXS - Get Free Report) CEO Todd Kelsey sold 1,000 shares of the business's stock in a transaction that occurred on Wednesday, May 6th. The stock was sold at an average price of $270.75, for a total value of $270,750.00. Following the sale, the chief executive officer owned 73,888 shares of the company's stock, valued at approximately $20,005,176. The trade was a 1.34% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Plexus Stock Down 0.0%

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

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

Analysts Set New Price Targets

PLXS has been the topic of several research analyst reports. Williams Trading set a $195.00 price target on Plexus in a research report on Wednesday, January 28th. Zacks Research lowered Plexus from a "strong-buy" rating to a "hold" rating in a research report on Monday, April 13th. Benchmark reaffirmed a "buy" rating and set a $220.00 price target on shares of Plexus in a research report on Monday, March 16th. Needham & Company LLC lifted their price target on Plexus from $206.00 to $285.00 and gave the stock a "buy" rating in a research report on Friday, May 1st. Finally, Raymond James Financial reaffirmed an "outperform" rating and set a $275.00 price target on shares of Plexus in a research report on Thursday, April 30th. Five equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $229.17.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of PLXS. American Century Companies Inc. increased its holdings in shares of Plexus by 44.2% in the third quarter. American Century Companies Inc. now owns 1,103,892 shares of the technology company's stock valued at $159,722,000 after purchasing an additional 338,119 shares during the period. Victory Capital Management Inc. increased its holdings in shares of Plexus by 130.0% in the fourth quarter. Victory Capital Management Inc. now owns 349,057 shares of the technology company's stock valued at $51,311,000 after purchasing an additional 197,283 shares during the period. Emerald Advisers LLC acquired a new position in shares of Plexus in the first quarter valued at approximately $33,729,000. MetLife Investment Management LLC increased its holdings in shares of Plexus by 713.3% in the fourth quarter. MetLife Investment Management LLC now owns 126,971 shares of the technology company's stock valued at $18,665,000 after purchasing an additional 111,360 shares during the period. Finally, Emerald Mutual Fund Advisers Trust acquired a new position in shares of Plexus in the first quarter valued at approximately $20,715,000. 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.

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