Key Points
- CEO Todd Kelsey sold 2,403 shares on May 4 at an average of $263.89 for ~$634,128, leaving him with 77,888 shares (a 2.99% reduction valued at about $20.55M).
- Plexus beat Q1 expectations, reporting $2.05 EPS vs. $1.87 estimated and $1.16B revenue (up 18.7% YoY), and set Q3 2026 guidance of $2.02–$2.18 EPS.
- The stock is trading near recent highs (opened $265.04) well above its 50- and 200-day moving averages, has a market cap of $7.1B and a P/E of 38.8, and carries a consensus rating of "Moderate Buy" with a $229.17 average target (several analysts have targets up to $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 shares were sold at an average price of $270.75, for a total value of $270,750.00. Following the transaction, the chief executive officer directly owned 73,888 shares in the company, valued at $20,005,176. This trade represents a 1.34% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.
Plexus Price Performance
PLXS opened at $265.04 on Thursday. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.74 and a current ratio of 1.54. Plexus Corp. has a 52-week low of $115.35 and a 52-week high of $275.83. The stock has a market capitalization of $7.10 billion, a PE ratio of 38.75 and a beta of 0.88. The stock's 50 day moving average price is $214.47 and its 200-day moving average price is $180.66.
Plexus (NASDAQ:PLXS - Get Free Report) last posted its earnings results on Wednesday, April 29th. The technology company reported $2.05 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.87 by $0.18. Plexus had a return on equity of 12.84% and a net margin of 4.35%.The firm had revenue of $1.16 billion for the quarter, compared to analysts' expectations of $1.13 billion. During the same period in the previous year, the firm earned $1.66 earnings per share. The business's 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. On average, equities research analysts predict that Plexus Corp. will post 6.23 EPS for the current year.
Institutional Investors Weigh In On Plexus
Several hedge funds have recently added to or reduced their stakes in PLXS. American Century Companies Inc. boosted its holdings in Plexus by 44.2% in the third quarter. American Century Companies Inc. now owns 1,103,892 shares of the technology company's stock worth $159,722,000 after acquiring an additional 338,119 shares in the last quarter. Victory Capital Management Inc. boosted its holdings in Plexus by 130.0% in the fourth quarter. Victory Capital Management Inc. now owns 349,057 shares of the technology company's stock worth $51,311,000 after acquiring an additional 197,283 shares in the last quarter. Emerald Advisers LLC bought a new stake in Plexus in the first quarter worth $33,729,000. MetLife Investment Management LLC boosted its holdings in Plexus by 713.3% in the fourth quarter. MetLife Investment Management LLC now owns 126,971 shares of the technology company's stock worth $18,665,000 after acquiring an additional 111,360 shares in the last quarter. Finally, Emerald Mutual Fund Advisers Trust bought a new stake in Plexus in the first quarter worth $20,715,000. 94.45% of the stock is owned by institutional investors.
Analyst Ratings Changes
Several equities research analysts recently weighed in on the company. Williams Trading set a $195.00 price target on Plexus in a research note on Wednesday, January 28th. Benchmark reaffirmed a "buy" rating and issued a $220.00 price target on shares of Plexus in a research note on Monday, March 16th. Wall Street Zen raised Plexus from a "hold" rating to a "buy" rating in a research note on Saturday, May 2nd. Raymond James Financial reaffirmed an "outperform" rating and issued a $275.00 price target on shares of Plexus in a research note on Thursday, April 30th. Finally, Weiss Ratings cut Plexus from a "buy (b)" rating to a "buy (b-)" rating in a research note on Friday, April 24th. Five equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $229.17.
View Our Latest Research Report on Plexus
Plexus Company Profile
(
Get Free Report)
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.
Further Reading
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