Plexus (NASDAQ:PLXS) CEO Sells $291,360.00 in Stock

Plexus Corp. (NASDAQ:PLXS) CEO Todd Kelsey sold 1,500 shares of the firm’s stock in a transaction dated Wednesday, March 18th. The shares were sold at an average price of $194.24, for a total transaction of $291,360.00. Following the completion of the sale, the chief executive officer owned 81,791 shares of the company’s stock, valued at $15,887,083.84. This trade represents a 1.80% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Plexus Trading Down 3.2%

Shares of PLXS opened at $195.00 on Friday. Plexus Corp. has a twelve month low of $103.43 and a twelve month high of $211.84. The company has a current ratio of 1.59, a quick ratio of 0.75 and a debt-to-equity ratio of 0.06. The firm has a market capitalization of $5.22 billion, a P/E ratio of 30.33 and a beta of 0.81. The firm’s 50-day moving average is $192.33 and its two-hundred day moving average is $162.11.

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

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of PLXS. AQR Capital Management LLC increased its stake in Plexus by 103.1% in the first quarter. AQR Capital Management LLC now owns 8,384 shares of the technology company’s stock valued at $1,074,000 after purchasing an additional 4,255 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in shares of Plexus by 4.6% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 15,971 shares of the technology company’s stock valued at $2,046,000 after acquiring an additional 705 shares during the last quarter. United Services Automobile Association purchased a new position in shares of Plexus during the 1st quarter worth about $218,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in shares of Plexus by 12.9% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 79,584 shares of the technology company’s stock worth $10,197,000 after acquiring an additional 9,078 shares during the last quarter. Finally, Police & Firemen s Retirement System of New Jersey grew its holdings in Plexus by 6.4% in the second quarter. Police & Firemen s Retirement System of New Jersey now owns 6,160 shares of the technology company’s stock valued at $834,000 after purchasing an additional 368 shares during the period. 94.45% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

PLXS has been the topic of a number of research reports. Williams Trading set a $195.00 price objective on shares of Plexus in a research note on Wednesday, January 28th. Zacks Research raised shares of Plexus from a “hold” rating to a “strong-buy” rating in a research note on Friday, February 6th. Benchmark reaffirmed a “buy” rating and issued a $220.00 target price on shares of Plexus in a research note on Monday, March 16th. Stifel Nicolaus raised their price target on Plexus from $150.00 to $200.00 and gave the stock a “hold” rating in a research report on Friday, January 30th. Finally, Weiss Ratings upgraded Plexus from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday, March 6th. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $194.20.

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.