Insider Selling: Plexus (NASDAQ:PLXS) CEO Sells $442,470.00 in Stock

Plexus Corp. (NASDAQ:PLXS) CEO Todd Kelsey sold 1,500 shares of the company’s stock in a transaction dated Wednesday, June 17th. The shares were sold at an average price of $294.98, for a total transaction of $442,470.00. Following the completion of the transaction, the chief executive officer owned 68,888 shares in the company, valued at approximately $20,320,582.24. This trade represents a 2.13% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Plexus Stock Performance

Shares of PLXS stock opened at $299.97 on Friday. The firm has a 50 day moving average price of $262.19 and a two-hundred day moving average price of $209.83. 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 company has a market capitalization of $8.03 billion, a PE ratio of 43.86 and a beta of 0.89. Plexus Corp. has a 12-month low of $115.35 and a 12-month high of $304.90.

Plexus (NASDAQ:PLXS) 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 for the quarter, compared to the consensus estimate of $1.13 billion. Plexus had a return on equity of 12.84% and a net margin of 4.35%.The firm’s revenue for the quarter was up 18.7% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.66 earnings per share. Plexus has set its Q3 2026 guidance at 2.020-2.180 EPS. As a group, analysts predict that Plexus Corp. will post 5.98 earnings per share for the current year.

Hedge Funds Weigh In On Plexus

A number of hedge funds have recently added to or reduced their stakes in PLXS. Covestor Ltd lifted its position in shares of Plexus by 207.7% during the 4th quarter. Covestor Ltd now owns 240 shares of the technology company’s stock valued at $35,000 after acquiring an additional 162 shares during the period. Allworth Financial LP increased its position in shares of Plexus by 70.1% in the third quarter. Allworth Financial LP now owns 250 shares of the technology company’s stock worth $36,000 after purchasing an additional 103 shares during the period. Johnson Financial Group Inc. bought a new position in shares of Plexus in the third quarter worth $72,000. Farther Finance Advisors LLC raised its stake 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 in the last quarter. Finally, EverSource Wealth Advisors LLC raised its stake 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 in the last quarter. Institutional investors own 94.45% of the company’s stock.

Analyst Upgrades and Downgrades

PLXS has been the topic of a number of research reports. Zacks Research lowered Plexus from a “hold” rating to a “strong sell” rating in a report on Wednesday, May 20th. Weiss Ratings downgraded Plexus from a “buy (b)” rating to a “buy (b-)” rating in a report on Thursday, June 11th. Benchmark reissued a “buy” rating and issued a $220.00 target price on shares of Plexus in a research report on Monday, March 16th. Raymond James Financial restated an “outperform” rating and issued a $275.00 price target on shares of Plexus in a research note on Thursday, April 30th. Finally, Wall Street Zen raised shares of Plexus from a “hold” rating to a “buy” rating in a research report on Saturday, May 2nd. Five research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, Plexus has a consensus rating of “Moderate Buy” and an average price target of $238.33.

About Plexus

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.