Todd P. Kelsey, serving as both President and CEO of Plexus Corp (NASDAQ:PLXS), has divested a portion of his holdings in the company. Between May 4 and May 6, 2026, Mr. Kelsey sold a total of 6,403 shares of common stock. The aggregate value of these transactions reached $1,710,239, with the individual share prices for the sales ranging from a low of $263.00 to a high of $270.75.
The timing of these sales is notable as the stock has recently been trading in close proximity to its 52-week high of $272.08. This comes after a period of significant growth for the company, with the stock realizing an 111% gain over the past year. The transaction history reveals a multi-day execution strategy:
- May 4: Mr. Kelsey sold 1,403 shares at $263.00 per share and another 1,000 shares at $265.15 per share.
- May 5: Three separate transactions were recorded, each consisting of 1,000 shares. These were sold at prices of $267.10, $268.75, and $269.50.
- May 6: The final transaction involved the sale of 1,000 shares at a price of $270.75.
Following this series of disposals, Mr. Kelsey, who also holds a position as a director for Plexus Corp, retains direct ownership of 73,888 shares of the company's common stock.
These insider transactions follow a period of robust financial reporting from Plexus Corp. For its fiscal second quarter of 2026, the company reported results that exceeded market expectations in both top and bottom-line metrics. Specifically, Plexus achieved earnings per share (EPS) of $2.05, which outperformed the anticipated $1.88. Furthermore, the company's revenue for the quarter was reported at $1.164 billion, surpassing the forecasted amount of $1.13 billion.
Market reaction to these financial results has been varied. Although Plexus shares saw an increase during premarket trading, they subsequently experienced a decline in after-hours trading. This volatility suggests that investor expectations and broader market trends may be playing a role in how the stock is currently being priced by the market.
Current analysis via InvestingPro suggests that based on Fair Value metrics, the stock appears to be overvalued at this time. Such valuation assessments are critical for investors monitoring the equity's momentum relative to its fundamental performance and recent price surges.