Plexus Corp. (NASDAQ:PLXS) CEO Todd P. Kelsey Sells 4,000 Shares

Plexus Corp. (NASDAQ:PLXS) CEO Todd P. Kelsey sold 4,000 shares of the business’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 completion of the sale, the chief executive officer now directly owns 81,026 shares of the company’s stock, valued at $12,030,740.48. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Plexus Stock Performance

NASDAQ:PLXS opened at $166.77 on Thursday. The firm has a 50 day moving average of $134.51 and a 200-day moving average of $119.30. The company has a current ratio of 1.51, a quick ratio of 0.71 and a debt-to-equity ratio of 0.07. Plexus Corp. has a 1 year low of $90.18 and a 1 year high of $169.41. The stock has a market capitalization of $4.54 billion, a P/E ratio of 41.59 and a beta of 0.87.

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

Hedge Funds Weigh In On Plexus

Several hedge funds have recently added to or reduced their stakes in PLXS. 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 purchasing an additional 3,087 shares during the period. Capstone Investment Advisors LLC acquired a new stake in Plexus during the 1st quarter worth $216,000. Texas Permanent School Fund Corp lifted its holdings in Plexus by 1.8% during the first quarter. Texas Permanent School Fund Corp now owns 24,166 shares of the technology company’s stock worth $2,291,000 after acquiring an additional 426 shares in the last quarter. Quantbot Technologies LP acquired a new position in Plexus in the first quarter valued at about $533,000. Finally, SG Americas Securities LLC bought a new stake in shares of Plexus in the first quarter worth about $253,000. Institutional investors own 94.45% of the company’s stock.

Analyst Upgrades and Downgrades

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

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.