Oliver K. Mihm Sells 5,691 Shares of Plexus Corp. (NASDAQ:PLXS) Stock

Plexus Corp. (NASDAQ:PLXS) COO Oliver K. Mihm sold 5,691 shares of the firm’s stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $167.06, for a total value of $950,738.46. Following the transaction, the chief operating officer now owns 19,585 shares in the company, valued at $3,271,870.10. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Plexus Price Performance

NASDAQ:PLXS traded up $1.27 during midday trading on Friday, hitting $165.97. 152,531 shares of the stock were exchanged, compared to its average volume of 131,846. The company has a market capitalization of $4.52 billion, a price-to-earnings ratio of 41.50 and a beta of 0.87. 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 one year low of $90.18 and a one year high of $169.41. The business has a 50-day moving average price of $135.25 and a two-hundred day moving average price of $119.61.

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

Institutional Trading of Plexus

Institutional investors and hedge funds have recently bought and sold shares of the stock. Advisors Asset Management Inc. increased its position in shares of Plexus by 85.0% in the third quarter. Advisors Asset Management Inc. now owns 664 shares of the technology company’s stock worth $91,000 after acquiring an additional 305 shares in the last quarter. Natixis Advisors LLC grew its position in Plexus by 13.4% during the 3rd quarter. Natixis Advisors LLC now owns 18,923 shares of the technology company’s stock worth $2,587,000 after purchasing an additional 2,235 shares in the last quarter. CIBC Asset Management Inc purchased a new position in Plexus during the 3rd quarter worth approximately $253,000. Endowment Wealth Management Inc. acquired a new stake in Plexus during the 3rd quarter valued at $239,000. Finally, Victory Capital Management Inc. boosted its position in shares of Plexus by 3.9% in the third quarter. Victory Capital Management Inc. now owns 200,186 shares of the technology company’s stock worth $27,367,000 after buying an additional 7,483 shares during the period. Institutional investors and hedge funds own 94.45% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently issued reports on PLXS. StockNews.com downgraded shares of Plexus from a “buy” rating to a “hold” rating in a research report on Wednesday. Benchmark upped their target price on Plexus from $150.00 to $165.00 and gave the company a “buy” rating in a report on Monday, October 28th. KeyCorp started coverage on Plexus in a report on Tuesday, October 22nd. They issued a “sector weight” rating on the stock. Finally, Needham & Company LLC increased their target price on Plexus from $144.00 to $162.00 and gave the stock a “buy” rating in a research report on Friday, October 25th. Four investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, Plexus has an average rating of “Hold” and an average 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.