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.
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.
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