Plexus (NASDAQ:PLXS) CEO Sells $208,680.00 in Stock

Plexus Corp. (NASDAQ:PLXS) CEO Todd Kelsey sold 1,500 shares of the company’s stock in a transaction dated Monday, November 3rd. The stock was sold at an average price of $139.12, for a total transaction of $208,680.00. Following the sale, the chief executive officer directly owned 62,714 shares in the company, valued at $8,724,771.68. This represents a 2.34% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link.

Plexus Stock Performance

NASDAQ:PLXS opened at $143.26 on Friday. The stock has a market capitalization of $3.87 billion, a P/E ratio of 22.88 and a beta of 0.80. The company has a current ratio of 1.58, a quick ratio of 0.77 and a debt-to-equity ratio of 0.06. Plexus Corp. has a 1 year low of $103.43 and a 1 year high of $172.89. The firm has a 50 day moving average of $142.55 and a 200-day moving average of $135.42.

Plexus (NASDAQ:PLXS) last released its quarterly earnings results on Wednesday, October 22nd. The technology company reported $2.14 EPS for the quarter, topping analysts’ consensus estimates of $1.84 by $0.30. Plexus had a return on equity of 12.77% and a net margin of 4.29%.The business had revenue of $1.06 billion for the quarter, compared to analyst estimates of $1.05 billion. During the same period in the prior year, the company earned $1.85 EPS. Plexus’s revenue for the quarter was up .7% on a year-over-year basis. Plexus has set its Q1 2026 guidance at 1.660-1.810 EPS. As a group, sell-side analysts anticipate that Plexus Corp. will post 5.9 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the company. Stifel Nicolaus set a $150.00 target price on Plexus in a research note on Friday, October 24th. Needham & Company LLC increased their price objective on shares of Plexus from $158.00 to $165.00 and gave the stock a “buy” rating in a report on Thursday, October 23rd. Benchmark reaffirmed a “buy” rating and issued a $165.00 target price on shares of Plexus in a research note on Friday, October 24th. Williams Trading set a $165.00 target price on shares of Plexus in a research report on Monday, September 22nd. Finally, Sidoti lowered shares of Plexus from a “buy” rating to a “neutral” rating and set a $150.00 price target for the company. in a report on Friday, October 24th. Two equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat.com, Plexus presently has an average rating of “Hold” and an average price target of $159.00.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. Congress Asset Management Co. grew its position in shares of Plexus by 0.5% during the 3rd quarter. Congress Asset Management Co. now owns 16,245 shares of the technology company’s stock worth $2,350,000 after buying an additional 88 shares during the period. Huntington National Bank boosted its stake in Plexus by 41.5% in the second quarter. Huntington National Bank now owns 324 shares of the technology company’s stock valued at $44,000 after acquiring an additional 95 shares during the last quarter. Nisa Investment Advisors LLC boosted its stake in Plexus by 0.8% in the third quarter. Nisa Investment Advisors LLC now owns 12,879 shares of the technology company’s stock valued at $1,863,000 after acquiring an additional 99 shares during the last quarter. Strs Ohio grew its holdings in Plexus by 1.2% during the 3rd quarter. Strs Ohio now owns 8,500 shares of the technology company’s stock worth $1,230,000 after acquiring an additional 100 shares during the period. Finally, Arizona State Retirement System raised its position in shares of Plexus by 1.3% during the 3rd quarter. Arizona State Retirement System now owns 7,993 shares of the technology company’s stock valued at $1,157,000 after acquiring an additional 102 shares during the last quarter. 94.45% of the stock is currently owned by institutional investors and hedge funds.

Plexus Company Profile

Plexus Corp. provides electronic manufacturing services in the United States and internationally. It offers design, develop, supply chain, new product introduction, and manufacturing solutions, as well as sustaining services to companies in the healthcare/life sciences, industrial/commercial, aerospace/defense, and communications market sectors.