Key Points
- Plexus CEO Todd Kelsey sold 1,000 shares on June 3 at an average price of $290, totaling $290,000. After the sale, he still held 70,388 shares worth about $20.4 million.
- Plexus shares were trading lower, opening at $284.35 and down about 1.1% in the session, even though the stock is near its 52-week high of $292.33.
- The company beat quarterly expectations, reporting EPS of $2.05 versus $1.87 expected and revenue of $1.16 billion, up 18.7% year over year. Analysts remain mostly positive, with a consensus rating of “Moderate Buy.”
Plexus Corp. (NASDAQ:PLXS - Get Free Report) CEO Todd Kelsey sold 1,000 shares of the firm's stock in a transaction dated Wednesday, June 3rd. The stock was sold at an average price of $290.00, for a total value of $290,000.00. Following the completion of the transaction, the chief executive officer owned 70,388 shares of the company's stock, valued at approximately $20,412,520. The trade was a 1.40% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.
Plexus Trading Down 1.1%
Shares of NASDAQ:PLXS opened at $284.35 on Friday. Plexus Corp. has a 52-week low of $115.35 and a 52-week high of $292.33. The stock has a market cap of $7.61 billion, a price-to-earnings ratio of 41.57 and a beta of 0.89. The company has a quick ratio of 0.74, a current ratio of 1.54 and a debt-to-equity ratio of 0.06. The business has a 50-day moving average price of $244.01 and a 200-day moving average price of $198.78.
Plexus (NASDAQ:PLXS - Get Free Report) last announced 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 analysts' expectations of $1.13 billion. During the same period last year, the business posted $1.66 earnings per share. The company'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. Equities analysts predict that Plexus Corp. will post 5.98 EPS for the current year.
Institutional Trading of Plexus
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Covestor Ltd grew its holdings 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 grew 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 purchasing an additional 103 shares during the period. Johnson Financial Group Inc. acquired a new stake in Plexus in the third quarter valued at approximately $72,000. Farther Finance Advisors LLC grew 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 purchasing an additional 273 shares during the period. Finally, EverSource Wealth Advisors LLC grew 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 purchasing an additional 490 shares during the period. 94.45% of the stock is owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
Several research analysts have recently issued reports on PLXS shares. Stifel Nicolaus set a $280.00 price objective on Plexus in a research note on Tuesday, May 26th. Benchmark restated a "buy" rating and issued a $220.00 price objective 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 report on Saturday, May 2nd. Needham & Company LLC raised their target price on Plexus from $285.00 to $310.00 and gave the stock a "buy" rating in a report on Monday. Finally, Raymond James Financial reaffirmed an "outperform" rating and set a $275.00 target price on shares of Plexus in a report on Thursday, April 30th. Five equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, Plexus has a consensus rating of "Moderate Buy" and a consensus target price of $238.33.
Read 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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