Insider Selling: Plexus (NASDAQ:PLXS) CEO Sells $1,024,125.18 in Stock

Plexus Corp. (NASDAQ:PLXS) CEO Todd Kelsey sold 5,231 shares of the company’s stock in a transaction on Wednesday, February 18th. The stock was sold at an average price of $195.78, for a total value of $1,024,125.18. Following the completion of the sale, the chief executive officer owned 83,291 shares of the company’s stock, valued at $16,306,711.98. This represents a 5.91% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Plexus Stock Performance

PLXS stock opened at $198.46 on Friday. Plexus Corp. has a 1-year low of $103.43 and a 1-year high of $211.84. The business has a 50-day moving average price of $175.47 and a 200 day moving average price of $153.44. The company has a market capitalization of $5.32 billion, a P/E ratio of 30.86 and a beta of 0.81. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.59 and a quick ratio of 0.75.

Plexus (NASDAQ:PLXS) last posted its earnings results on Wednesday, January 28th. The technology company reported $1.78 EPS for the quarter, beating analysts’ consensus estimates of $1.77 by $0.01. Plexus had a net margin of 4.28% and a return on equity of 12.39%. The business had revenue of $1.07 billion for the quarter, compared to the consensus estimate of $1.07 billion. During the same quarter last year, the firm posted $1.73 EPS. The company’s revenue for the quarter was up 9.6% on a year-over-year basis. Plexus has set its Q2 2026 guidance at 1.800-1.950 EPS. As a group, equities research analysts forecast that Plexus Corp. will post 5.9 EPS for the current fiscal year.

Wall Street Analyst Weigh In

PLXS has been the subject of several recent research reports. Williams Trading set a $195.00 price target on Plexus in a research report on Wednesday, January 28th. Wall Street Zen downgraded Plexus from a “buy” rating to a “hold” rating in a research report on Saturday, November 22nd. Needham & Company LLC boosted their target price on shares of Plexus from $165.00 to $206.00 and gave the stock a “buy” rating in a report on Friday, January 30th. Benchmark increased their price target on shares of Plexus from $165.00 to $195.00 and gave the company a “buy” rating in a research report on Wednesday, January 28th. Finally, Weiss Ratings downgraded shares of Plexus from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Friday. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $189.20.

Institutional Investors Weigh In On Plexus

Institutional investors have recently added to or reduced their stakes in the business. Salomon & Ludwin LLC purchased a new stake in shares of Plexus during the third quarter worth about $30,000. Covestor Ltd boosted its stake in Plexus by 207.7% in the 4th quarter. Covestor Ltd now owns 240 shares of the technology company’s stock worth $35,000 after purchasing an additional 162 shares in the last quarter. Allworth Financial LP grew its position in Plexus by 70.1% during the 3rd 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 last quarter. Huntington National Bank increased its stake in Plexus by 41.5% during the 2nd quarter. Huntington National Bank now owns 324 shares of the technology company’s stock valued at $44,000 after purchasing an additional 95 shares in the last quarter. Finally, Johnson Financial Group Inc. purchased a new position in shares of Plexus in the third quarter worth $72,000. Institutional investors and hedge funds own 94.45% of the company’s stock.

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.