Key Points
- Plexus CEO Todd Kelsey sold 1,000 shares on May 27 at an average price of $274.75, for proceeds of $274,750. After the sale, he directly owned 71,388 shares worth about $19.6 million.
- The sale reduced Kelsey’s ownership by 1.38% and was disclosed in an SEC filing. The stock has been trading near its 52-week high, with a recent opening price of $268.36 and a 1-year high of $275.83.
- Plexus reported strong quarterly results, beating earnings and revenue expectations with $2.05 EPS on $1.16 billion in revenue. Analysts remain mixed overall, but the consensus rating is Moderate Buy with an average target price of $234.17.
Plexus Corp. (NASDAQ:PLXS - Get Free Report) CEO Todd Kelsey sold 1,000 shares of the company's stock in a transaction on Wednesday, May 27th. The stock was sold at an average price of $274.75, for a total transaction of $274,750.00. Following the sale, the chief executive officer directly owned 71,388 shares in the company, valued at $19,613,853. This trade represents a 1.38% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link.
Plexus Stock Performance
NASDAQ PLXS opened at $268.36 on Friday. The company has a current ratio of 1.54, a quick ratio of 0.74 and a debt-to-equity ratio of 0.06. The firm's fifty day moving average price is $237.81 and its two-hundred day moving average price is $194.54. Plexus Corp. has a 1 year low of $115.35 and a 1 year high of $275.83. The firm has a market capitalization of $7.18 billion, a P/E ratio of 39.23 and a beta of 0.88.
Plexus (NASDAQ:PLXS - Get Free Report) last issued its quarterly earnings data on Wednesday, April 29th. The technology company reported $2.05 earnings per share for the quarter, beating the consensus estimate of $1.87 by $0.18. The company had revenue of $1.16 billion for the quarter, compared to analyst estimates of $1.13 billion. Plexus had a net margin of 4.35% and a return on equity of 12.84%. The company's revenue was up 18.7% on a year-over-year basis. During the same period in the prior year, the firm earned $1.66 earnings per share. Plexus has set its Q3 2026 guidance at 2.020-2.180 EPS. As a group, research analysts anticipate that Plexus Corp. will post 5.98 EPS for the current year.
Hedge Funds Weigh In On Plexus
Hedge funds have recently bought and sold shares of the business. Covestor Ltd increased its position in Plexus by 207.7% during the fourth quarter. Covestor Ltd now owns 240 shares of the technology company's stock worth $35,000 after acquiring an additional 162 shares during the period. Allworth Financial LP increased its position in Plexus by 70.1% during 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 during the period. Johnson Financial Group Inc. bought a new position in Plexus during the third quarter worth about $72,000. Farther Finance Advisors LLC increased its position in Plexus by 114.7% during the fourth quarter. Farther Finance Advisors LLC now owns 511 shares of the technology company's stock worth $75,000 after acquiring an additional 273 shares during the period. Finally, EverSource Wealth Advisors LLC increased its position in Plexus by 583.3% during the second quarter. EverSource Wealth Advisors LLC now owns 574 shares of the technology company's stock worth $78,000 after acquiring an additional 490 shares during the period. 94.45% of the stock is owned by institutional investors.
Wall Street Analysts Forecast Growth
Several equities analysts have recently weighed in on the stock. Wall Street Zen raised shares of Plexus from a "hold" rating to a "buy" rating in a research report on Saturday, May 2nd. Raymond James Financial reissued an "outperform" rating and issued a $275.00 price objective on shares of Plexus in a research report on Thursday, April 30th. Weiss Ratings raised shares of Plexus from a "buy (b-)" rating to a "buy (b)" rating in a research report on Monday, May 11th. Needham & Company LLC increased their price objective on shares of Plexus from $206.00 to $285.00 and gave the company a "buy" rating in a research report on Friday, May 1st. Finally, Zacks Research lowered shares of Plexus from a "hold" rating to a "strong sell" rating in a research report on Wednesday, May 20th. Five analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $234.17.
Check Out Our Latest Stock Analysis 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.
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