Key Points
- Plexus CEO Todd Kelsey sold 1,500 shares on May 20 at an average price of $252.77, totaling about $379,155. The sale was made under a pre-arranged Rule 10b5-1 plan and reduced his ownership by 2.03%.
- Plexus recently posted stronger-than-expected quarterly results, reporting EPS of $2.05 versus the $1.87 consensus and revenue of $1.16 billion, up 18.7% year over year. The company also raised Q3 2026 guidance to $2.02-$2.18 EPS.
- Analyst sentiment is mixed: while several firms maintain buy ratings and the consensus target is $229.17, Zacks Research cut Plexus to “Strong Sell”. The stock has also been trading near its 52-week high, with shares opening at $265.72.
Plexus Corp. (NASDAQ:PLXS - Get Free Report) CEO Todd Kelsey sold 1,500 shares of the stock in a transaction on Wednesday, May 20th. The stock was sold at an average price of $252.77, for a total value of $379,155.00. Following the transaction, the chief executive officer owned 72,388 shares of the company's stock, valued at $18,297,514.76. This represents a 2.03% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Plexus Stock Performance
Plexus stock opened at $265.72 on Friday. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.54 and a quick ratio of 0.74. The stock has a fifty day moving average price of $230.26 and a two-hundred day moving average price of $190.15. Plexus Corp. has a 52-week low of $115.35 and a 52-week high of $275.83. The firm has a market capitalization of $7.11 billion, a P/E ratio of 38.85 and a beta of 0.88.
Plexus (NASDAQ:PLXS - Get Free Report) last released its quarterly earnings data on Wednesday, April 29th. The technology company reported $2.05 earnings per share (EPS) for the quarter, topping 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 during the quarter, compared to analyst estimates of $1.13 billion. During the same period in the prior year, the company posted $1.66 earnings per share. The business's revenue for the quarter was up 18.7% compared to the same quarter last year. Plexus has set its Q3 2026 guidance at 2.020-2.180 EPS. As a group, analysts anticipate that Plexus Corp. will post 5.97 EPS for the current fiscal year.
Wall Street Analysts Forecast Growth
A number of brokerages have recently weighed in on PLXS. Zacks Research lowered Plexus from a "hold" rating to a "strong sell" rating in a research note on Wednesday. Stifel Nicolaus set a $250.00 target price on Plexus and gave the company a "buy" rating in a research note on Monday, April 20th. Needham & Company LLC raised their target price on Plexus from $206.00 to $285.00 and gave the company a "buy" rating in a research note on Friday, May 1st. Benchmark restated a "buy" rating and issued a $220.00 target price on shares of Plexus in a research note on Monday, March 16th. Finally, Williams Trading set a $195.00 target price on Plexus in a research note on Wednesday, January 28th. Five equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $229.17.
Read Our Latest Research Report on PLXS
Hedge Funds Weigh In On Plexus
Hedge funds have recently added to or reduced their stakes in the company. Covestor Ltd boosted its holdings in Plexus by 207.7% in the fourth quarter. Covestor Ltd now owns 240 shares of the technology company's stock valued at $35,000 after acquiring an additional 162 shares during the last quarter. Allworth Financial LP boosted its holdings in Plexus by 70.1% in the third quarter. Allworth Financial LP now owns 250 shares of the technology company's stock valued at $36,000 after acquiring an additional 103 shares during the last quarter. Johnson Financial Group Inc. bought a new position in Plexus in the third quarter valued at about $72,000. Farther Finance Advisors LLC boosted its holdings in Plexus by 114.7% in 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 last quarter. Finally, EverSource Wealth Advisors LLC boosted its holdings in Plexus by 583.3% in the second quarter. EverSource Wealth Advisors LLC now owns 574 shares of the technology company's stock valued at $78,000 after acquiring an additional 490 shares during the last quarter. Institutional investors own 94.45% of the company's stock.
Plexus News Roundup
Here are the key news stories impacting Plexus this week:
- Positive Sentiment: Zacks Research lifted its earnings estimates for Plexus across multiple future periods, including FY2026, FY2027, FY2028 and several quarterly forecasts, suggesting improved expectations for the company’s growth and profitability. This kind of estimate revision can help support the stock. Plexus earnings estimate updates
- Neutral Sentiment: A Yahoo Finance-linked article references investor reaction to Plexus accelerating ultra-secure defense hardware development with Riverside Research, which points to ongoing interest in the company’s defense-related business, but the article details provided are limited. Investor reaction article
- Negative Sentiment: Zacks Research downgraded Plexus to “Strong Sell”, which signals a bearish view despite the improved earnings estimates. Zacks downgrade
- Negative Sentiment: Plexus CEO Todd P. Kelsey sold 1,500 shares in a pre-arranged Rule 10b5-1 transaction, a move that can weigh on sentiment even though it was disclosed and routine. SEC Form 4 filing
About Plexus
(
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.
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