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

Key Points

• Todd Kelsey, CEO of Plexus Corp., sold 1,500 shares at an average price of $143.70, totaling approximately $215,550, reducing his position by 2.12% to a total of 69,214 shares.
• Plexus recently reported $1.90 earnings per share (EPS) for the last quarter, exceeding the consensus estimate of $1.71, with revenues matching expectations at $1.02 billion.
• The stock received various ratings from analysts, with a consensus rating of "Moderate Buy" and an average target price of $155.60.

Plexus Corp. (NASDAQ:PLXS - Get Free Report) CEO Todd Kelsey sold 1,500 shares of the firm's stock in a transaction that occurred on Wednesday, October 1st. The stock was sold at an average price of $143.70, for a total value of $215,550.00. Following the completion of the sale, the chief executive officer directly owned 69,214 shares in the company, valued at approximately $9,946,051.80. This trade represents a 2.12% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Plexus Stock Performance

Shares of NASDAQ PLXS traded up $1.57 during mid-day trading on Thursday, hitting $147.22. The company had a trading volume of 187,012 shares, compared to its average volume of 180,434. The stock has a market cap of $3.97 billion, a price-to-earnings ratio of 25.08 and a beta of 0.80. Plexus Corp. has a 12 month low of $103.43 and a 12 month 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. The firm's 50 day simple moving average is $135.03 and its two-hundred day simple moving average is $131.37.

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

Wall Street Analysts Forecast Growth

Several analysts have weighed in on PLXS shares. Benchmark lifted their target price on Plexus from $160.00 to $165.00 and gave the company a "buy" rating in a research note on Monday, September 22nd. Wall Street Zen downgraded Plexus from a "strong-buy" rating to a "buy" rating in a research note on Saturday, August 16th. Williams Trading set a $165.00 target price on Plexus in a research note on Monday, September 22nd. Needham & Company LLC cut their target price on Plexus from $162.00 to $158.00 and set a "buy" rating on the stock in a research note on Thursday, July 24th. Finally, Sidoti raised Plexus from a "neutral" rating to a "buy" rating and lifted their target price for the company from $135.00 to $150.00 in a research note on Friday, July 25th. Three research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $155.60.

Hedge Funds Weigh In On Plexus

A number of hedge funds have recently modified their holdings of the stock. Corient Private Wealth LLC acquired a new position in shares of Plexus in the 2nd quarter worth $210,000. Texas Permanent School Fund Corp grew its holdings in shares of Plexus by 3.8% in the 2nd quarter. Texas Permanent School Fund Corp now owns 12,875 shares of the technology company's stock worth $1,742,000 after acquiring an additional 470 shares during the last quarter. Osaic Holdings Inc. grew its holdings in shares of Plexus by 34.6% in the 2nd quarter. Osaic Holdings Inc. now owns 3,107 shares of the technology company's stock worth $420,000 after acquiring an additional 798 shares during the last quarter. Neuberger Berman Group LLC grew its holdings in shares of Plexus by 193.3% in the 2nd quarter. Neuberger Berman Group LLC now owns 5,984 shares of the technology company's stock worth $810,000 after acquiring an additional 3,944 shares during the last quarter. Finally, State of Wyoming grew its holdings in shares of Plexus by 110.1% in the 2nd quarter. State of Wyoming now owns 2,410 shares of the technology company's stock worth $326,000 after acquiring an additional 1,263 shares during the last quarter. 94.45% of the stock is currently owned by institutional investors and hedge funds.

About Plexus

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.

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