Key Points
- CEO Todd Kelsey sold 1,500 Plexus shares at an average price of $242.41, generating $363,615. The Rule 10b5-1 plan transaction reduced his holdings by 2.28% to 64,388 shares.
- Plexus reported quarterly EPS of $2.32, exceeding estimates of $2.13, while revenue rose 28.2% year over year to $1.30 billion. The company issued fourth-quarter EPS guidance of $2.47–$2.63.
- Analyst sentiment remains broadly positive, with an average “Buy” rating and a $273 price target; institutional investors own 94.45% of the stock.
Plexus Corp. (NASDAQ:PLXS - Get Free Report) CEO Todd Kelsey sold 1,500 shares of Plexus stock in a transaction on Wednesday, September 16th. The stock was sold at an average price of $242.41, for a total transaction of $363,615.00. Following the transaction, the chief executive officer owned 64,388 shares in the company, valued at $15,608,295.08. This represents a 2.28% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Plexus Trading Up 1.4%
Shares of PLXS stock opened at $245.74 on Friday. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.49 and a quick ratio of 0.72. The company has a market cap of $6.58 billion, a price-to-earnings ratio of 36.24 and a beta of 0.89. Plexus Corp. has a 1 year low of $132.03 and a 1 year high of $307.06. The firm has a fifty day moving average price of $252.79 and a 200-day moving average price of $248.58.
Plexus (NASDAQ:PLXS - Get Free Report) last announced its earnings results on Wednesday, July 29th. The technology company reported $2.32 EPS for the quarter, topping analysts' consensus estimates of $2.13 by $0.19. Plexus had a return on equity of 12.46% and a net margin of 4.03%.The company had revenue of $1.30 billion for the quarter, compared to analysts' expectations of $1.23 billion. During the same period last year, the firm earned $1.64 EPS. Plexus's revenue for the quarter was up 28.2% compared to the same quarter last year. Plexus has set its Q4 2026 guidance at 2.470-2.630 EPS. As a group, equities analysts predict that Plexus Corp. will post 7.11 earnings per share for the current year.
Wall Street Analyst Weigh In
PLXS has been the topic of a number of recent analyst reports. Zacks Research upgraded Plexus from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, August 11th. Sidoti upgraded Plexus from a "neutral" rating to a "buy" rating and set a $308.00 target price on the stock in a research note on Friday, July 31st. Stifel Nicolaus upped their price target on shares of Plexus from $280.00 to $330.00 and gave the company a "buy" rating in a research note on Monday, June 22nd. Weiss Ratings lowered Plexus from a "buy (b-)" rating to a "hold (c+)" rating in a research note on Wednesday, September 9th. Finally, Needham & Company LLC reiterated a "buy" rating and issued a $310.00 price objective on shares of Plexus in a research report on Friday, August 14th. One analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of "Buy" and an average target price of $273.00.
Check Out Our Latest Research Report on PLXS
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently made changes to their positions in the stock. BlackRock Inc. purchased a new stake in Plexus in the 2nd quarter valued at $1,311,631,000. Geode Capital Management LLC grew its stake in Plexus by 0.6% during the 4th quarter. Geode Capital Management LLC now owns 672,614 shares of the technology company's stock worth $98,890,000 after buying an additional 4,054 shares during the last quarter. Bank of America Corp DE purchased a new stake in Plexus in the second quarter valued at approximately $60,281,000. Bank of New York Mellon Corp acquired a new stake in shares of Plexus in the second quarter valued at approximately $55,525,000. Finally, Connor Clark & Lunn Investment Management Ltd. purchased a new position in shares of Plexus during the second quarter worth approximately $35,755,000. 94.45% of the stock is currently owned by institutional investors and hedge funds.
About Plexus
(
Get Free Report)
Plexus Corp. is a global electronics manufacturing services company that designs, manufactures and services products for original equipment manufacturers. The company supports customers across the product life cycle, from product development and engineering to supply chain management, assembly, testing, fulfillment and aftermarket services.
Plexus provides solutions for industries including healthcare and life sciences, industrial and commercial, aerospace and defense, and communications.
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