Plexus Corp. (NASDAQ:PLXS) CEO Sells $593,920.00 in Stock

Plexus Corp. (NASDAQ:PLXS) CEO Todd P. Kelsey sold 4,000 shares of the firm’s stock in a transaction that occurred on Monday, November 4th. The stock was sold at an average price of $148.48, for a total transaction of $593,920.00. Following the transaction, the chief executive officer now directly owns 81,026 shares in the company, valued at $12,030,740.48. This represents a 0.00 % 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 Price Performance

Shares of PLXS stock opened at $165.97 on Friday. The business has a fifty day simple moving average of $136.01 and a 200 day simple moving average of $120.11. The company has a market cap of $4.52 billion, a P/E ratio of 41.39 and a beta of 0.87. The company has a quick ratio of 0.71, a current ratio of 1.51 and a debt-to-equity ratio of 0.07. Plexus Corp. has a twelve month low of $90.18 and a twelve month high of $169.41.

Plexus (NASDAQ:PLXS) last posted its earnings results on Wednesday, October 23rd. The technology company reported $1.85 EPS for the quarter, topping analysts’ consensus estimates of $1.55 by $0.30. The firm had revenue of $1.05 billion during the quarter, compared to analysts’ expectations of $1.01 billion. Plexus had a net margin of 2.82% and a return on equity of 9.51%. The business’s revenue for the quarter was up 2.6% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.44 earnings per share. On average, sell-side analysts forecast that Plexus Corp. will post 6.2 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on PLXS shares. Needham & Company LLC raised their price objective on Plexus from $144.00 to $162.00 and gave the stock a “buy” rating in a research note on Friday, October 25th. KeyCorp assumed coverage on Plexus in a research report on Tuesday, October 22nd. They issued a “sector weight” rating on the stock. StockNews.com downgraded Plexus from a “buy” rating to a “hold” rating in a research note on Wednesday. Finally, Benchmark increased their price objective on shares of Plexus from $150.00 to $165.00 and gave the stock a “buy” rating in a research note on Monday, October 28th. Four research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, Plexus currently has a consensus rating of “Hold” and a consensus price target of $133.50.

Institutional Trading of Plexus

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. BNP Paribas Financial Markets lifted its stake in shares of Plexus by 13.8% in the 1st quarter. BNP Paribas Financial Markets now owns 25,424 shares of the technology company’s stock valued at $2,411,000 after acquiring an additional 3,087 shares during the last quarter. Capstone Investment Advisors LLC bought a new position in Plexus in the first quarter valued at about $216,000. Texas Permanent School Fund Corp boosted its stake in shares of Plexus by 1.8% during the first quarter. Texas Permanent School Fund Corp now owns 24,166 shares of the technology company’s stock valued at $2,291,000 after purchasing an additional 426 shares in the last quarter. Quantbot Technologies LP bought a new stake in shares of Plexus during the first quarter worth about $533,000. Finally, SG Americas Securities LLC acquired a new position in shares of Plexus in the first quarter valued at approximately $253,000. Institutional investors own 94.45% of the company’s stock.

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.