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

Key Points

• CEO Todd Kelsey sold 1,500 shares on March 18 at an average price of $194.24 for $291,360, reducing his ownership by 1.8% to 81,791 shares valued at about $15.9 million.
• Shares traded at $201.48 (up $6.03) with a 52-week range of $103.43–$211.84; the company has a market cap of $5.40 billion and a P/E of 31.33.
• Q1 EPS of $1.78 narrowly beat estimates and revenue rose 9.6% year-over-year to $1.07 billion, with Q2 guidance of $1.80–$1.95 EPS and a MarketBeat consensus rating of "Moderate Buy" with a $194.20 target.

Plexus Corp. (NASDAQ:PLXS - Get Free Report) CEO Todd Kelsey sold 1,500 shares of the business's stock in a transaction dated Wednesday, March 18th. The stock was sold at an average price of $194.24, for a total transaction of $291,360.00. Following the sale, the chief executive officer owned 81,791 shares in the company, valued at $15,887,083.84. This trade represents a 1.80% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

Plexus Price Performance

Shares of Plexus stock traded up $6.03 on Thursday, hitting $201.48. The company had a trading volume of 272,692 shares, compared to its average volume of 338,719. Plexus Corp. has a 52 week low of $103.43 and a 52 week high of $211.84. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.59 and a quick ratio of 0.75. The company has a market cap of $5.40 billion, a PE ratio of 31.33 and a beta of 0.81. The business has a 50-day simple moving average of $190.66 and a 200-day simple moving average of $161.24.

Plexus (NASDAQ:PLXS - Get Free Report) last announced its earnings results on Wednesday, January 28th. The technology company reported $1.78 EPS for the quarter, topping the consensus estimate of $1.77 by $0.01. The firm had revenue of $1.07 billion for the quarter, compared to analysts' expectations of $1.07 billion. Plexus had a return on equity of 12.39% and a net margin of 4.28%.The firm's quarterly revenue was up 9.6% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.73 earnings per share. Plexus has set its Q2 2026 guidance at 1.800-1.950 EPS. Research analysts expect that Plexus Corp. will post 5.9 EPS for the current fiscal year.

Hedge Funds Weigh In On Plexus

A number of institutional investors have recently bought and sold shares of the stock. Salomon & Ludwin LLC purchased a new stake in Plexus during the third quarter valued at about $30,000. Covestor Ltd boosted its holdings in shares of Plexus by 207.7% in the fourth quarter. Covestor Ltd now owns 240 shares of the technology company's stock worth $35,000 after buying an additional 162 shares during the period. Allworth Financial LP increased its position in shares of Plexus by 70.1% in the third quarter. Allworth Financial LP now owns 250 shares of the technology company's stock worth $36,000 after acquiring an additional 103 shares in the last quarter. Johnson Financial Group Inc. acquired a new stake in shares of Plexus during the third quarter valued at approximately $72,000. Finally, Farther Finance Advisors LLC raised its holdings in shares of Plexus by 114.7% during the fourth quarter. Farther Finance Advisors LLC now owns 511 shares of the technology company's stock valued at $75,000 after acquiring an additional 273 shares during the period. Hedge funds and other institutional investors own 94.45% of the company's stock.

Analyst Ratings Changes

A number of research analysts recently issued reports on the company. Benchmark reaffirmed a "buy" rating and set a $220.00 target price on shares of Plexus in a report on Monday. Williams Trading set a $195.00 price objective on shares of Plexus in a research note on Wednesday, January 28th. Weiss Ratings upgraded shares of Plexus from a "hold (c+)" rating to a "buy (b-)" rating in a report on Friday, March 6th. Needham & Company LLC increased their target price on shares of Plexus from $165.00 to $206.00 and gave the company a "buy" rating in a research note on Friday, January 30th. Finally, Wall Street Zen lowered shares of Plexus from a "buy" rating to a "hold" rating in a research report on Sunday, March 8th. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, Plexus presently has an average rating of "Moderate Buy" and a consensus target price of $194.20.

Plexus Company Profile

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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