Plexus Corp. (PLXS) CEO Sells $246,840.00 in Stock

Plexus Corp. (NASDAQ:PLXS) CEO Todd P. Kelsey sold 4,000 shares of the company’s stock in a transaction on Wednesday, November 1st. The shares were sold at an average price of $61.71, for a total transaction of $246,840.00. Following the sale, the chief executive officer now directly owns 58,425 shares in the company, valued at approximately $3,605,406.75. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Shares of Plexus Corp. (PLXS) opened at $60.02 on Friday. The firm has a market capitalization of $2.02 billion, a price-to-earnings ratio of 18.67 and a beta of 0.90. The company has a current ratio of 1.78, a quick ratio of 1.06 and a debt-to-equity ratio of 0.03.

Plexus Corp. (NASDAQ:PLXS) last posted its earnings results on Wednesday, October 25th. The technology company reported $0.84 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.82 by $0.02. Plexus Corp. had a net margin of 4.43% and a return on equity of 11.48%. The company had revenue of $670.00 million for the quarter, compared to analyst estimates of $676.23 million. During the same quarter in the prior year, the business posted $0.82 EPS. The firm’s revenue was up 2.6% compared to the same quarter last year. equities research analysts forecast that Plexus Corp. will post 3.41 earnings per share for the current year.

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Institutional investors and hedge funds have recently bought and sold shares of the stock. Riverhead Capital Management LLC raised its holdings in shares of Plexus Corp. by 69.0% in the 2nd quarter. Riverhead Capital Management LLC now owns 2,366 shares of the technology company’s stock worth $124,000 after acquiring an additional 966 shares during the last quarter. Cambridge Investment Research Advisors Inc. bought a new stake in Plexus Corp. in the 1st quarter worth about $200,000. Appleton Group LLC bought a new stake in Plexus Corp. in the 3rd quarter worth about $201,000. SG Americas Securities LLC grew its position in Plexus Corp. by 20.0% in the 1st quarter. SG Americas Securities LLC now owns 3,655 shares of the technology company’s stock worth $211,000 after purchasing an additional 609 shares in the last quarter. Finally, Neuberger Berman Group LLC grew its position in Plexus Corp. by 0.8% in the 2nd quarter. Neuberger Berman Group LLC now owns 3,834 shares of the technology company’s stock worth $202,000 after purchasing an additional 31 shares in the last quarter. Institutional investors own 94.06% of the company’s stock.

A number of analysts have commented on PLXS shares. BidaskClub cut shares of Plexus Corp. from a “hold” rating to a “sell” rating in a research report on Saturday, August 5th. Deutsche Bank AG upped their price target on shares of Plexus Corp. from $50.00 to $54.00 and gave the company a “hold” rating in a research report on Friday, July 21st. Stifel Nicolaus reaffirmed a “hold” rating and set a $54.00 price target (up previously from $50.00) on shares of Plexus Corp. in a research report on Friday, July 21st. Citigroup Inc upped their price target on shares of Plexus Corp. from $59.00 to $65.00 and gave the company a “neutral” rating in a research report on Friday, October 27th. Finally, Zacks Investment Research cut shares of Plexus Corp. from a “hold” rating to a “sell” rating in a research report on Tuesday, July 25th. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and two have assigned a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $57.86.

Plexus Corp. Company Profile

Plexus Corp. (Plexus) and its subsidiaries are engaged in the electronic manufacturing services (EMS) industry. The Company delivers end-to-end solutions for customers in the Americas (AMER), Europe, Middle East, and Africa (EMEA) and Asia-Pacific (APAC) regions. The Company’s segments are AMER, APAC and EMEA.

Insider Buying and Selling by Quarter for Plexus Corp. (NASDAQ:PLXS)

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