Plexus Corp. (NASDAQ:PLXS – Get Free Report) CEO Todd Kelsey sold 1,000 shares of the company’s stock in a transaction that occurred on Wednesday, June 3rd. The shares were sold at an average price of $290.00, for a total value of $290,000.00. Following the transaction, the chief executive officer directly owned 70,388 shares of the company’s stock, valued at $20,412,520. This trade represents a 1.40% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.
Plexus Stock Down 4.0%
NASDAQ:PLXS opened at $273.01 on Friday. The firm has a market capitalization of $7.31 billion, a PE ratio of 39.91 and a beta of 0.89. The stock has a 50 day moving average of $245.12 and a 200-day moving average of $199.30. Plexus Corp. has a 52 week low of $115.35 and a 52 week high of $292.33. The company has a current ratio of 1.54, a quick ratio of 0.74 and a debt-to-equity ratio of 0.06.
Plexus (NASDAQ:PLXS – Get Free Report) last posted its earnings results on Wednesday, April 29th. The technology company reported $2.05 EPS for the quarter, beating the consensus estimate of $1.87 by $0.18. The company had revenue of $1.16 billion during the quarter, compared to analyst estimates of $1.13 billion. Plexus had a return on equity of 12.84% and a net margin of 4.35%.The business’s revenue was up 18.7% compared to the same quarter last year. During the same period in the prior year, the company earned $1.66 earnings per share. Plexus has set its Q3 2026 guidance at 2.020-2.180 EPS. Analysts predict that Plexus Corp. will post 5.98 EPS for the current year.
Institutional Investors Weigh In On Plexus
Wall Street Analysts Forecast Growth
Several equities analysts have recently issued reports on PLXS shares. Zacks Research downgraded Plexus from a “hold” rating to a “strong sell” rating in a research report on Wednesday, May 20th. Wall Street Zen upgraded Plexus from a “hold” rating to a “buy” rating in a research report on Saturday, May 2nd. Raymond James Financial reiterated an “outperform” rating and set a $275.00 price objective on shares of Plexus in a research report on Thursday, April 30th. Needham & Company LLC boosted their price objective on Plexus from $285.00 to $310.00 and gave the stock a “buy” rating in a research report on Monday, June 1st. Finally, Benchmark reiterated a “buy” rating and set a $220.00 price objective on shares of Plexus in a research report on Monday, March 16th. Five analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $238.33.
View Our Latest Stock Report on Plexus
Plexus Company Profile
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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