Plexus Corp. (NASDAQ:PLXS) CFO Sells $439,583.76 in Stock

Plexus Corp. (NASDAQ:PLXS) CFO Patrick John Jermain sold 2,643 shares of the firm’s stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $166.32, for a total transaction of $439,583.76. Following the transaction, the chief financial officer now owns 21,959 shares in the company, valued at $3,652,220.88. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Patrick John Jermain also recently made the following trade(s):

• On Monday, October 28th, Patrick John Jermain sold 5,045 shares of Plexus stock. The shares were sold at an average price of $143.13, for a total value of $722,090.85.

Plexus Stock Up 0.8 %

Shares of Plexus stock traded up $1.27 on Friday, hitting $165.97. 152,531 shares of the company traded hands, compared to its average volume of 131,846. The company has a 50-day moving average price of $135.25 and a 200 day moving average price of $119.61. 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 12-month low of $90.18 and a 12-month high of $169.41. The company has a market cap of $4.52 billion, a PE ratio of 41.50 and a beta of 0.87.

Plexus (NASDAQ:PLXS) last released its quarterly earnings results on Wednesday, October 23rd. The technology company reported $1.85 earnings per share (EPS) for the quarter, beating 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 during the quarter, compared to analysts’ expectations of $1.01 billion. During the same period in the prior year, the company earned $1.44 earnings per share. The business’s quarterly revenue was up 2.6% compared to the same quarter last year. Sell-side analysts predict that Plexus Corp. will post 6.2 earnings per share for the current year.

Institutional Investors Weigh In On Plexus

A number of institutional investors have recently added to or reduced their stakes in the stock. Louisiana State Employees Retirement System boosted its stake in Plexus by 0.7% in the 2nd quarter. Louisiana State Employees Retirement System now owns 13,800 shares of the technology company’s stock valued at $1,424,000 after buying an additional 100 shares in the last quarter. SummerHaven Investment Management LLC increased its position in shares of Plexus by 1.9% during the 2nd quarter. SummerHaven Investment Management LLC now owns 7,425 shares of the technology company’s stock worth $766,000 after purchasing an additional 137 shares in the last quarter. QRG Capital Management Inc. boosted its position in Plexus by 4.3% in the second quarter. QRG Capital Management Inc. now owns 3,710 shares of the technology company’s stock valued at $383,000 after buying an additional 152 shares in the last quarter. Farrow Financial Inc. boosted its position in Plexus by 0.7% in the third quarter. Farrow Financial Inc. now owns 21,692 shares of the technology company’s stock valued at $2,966,000 after buying an additional 155 shares in the last quarter. Finally, Arizona State Retirement System grew its stake in Plexus by 2.2% during the second quarter. Arizona State Retirement System now owns 7,729 shares of the technology company’s stock worth $797,000 after buying an additional 170 shares during the last quarter. 94.45% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms recently commented on PLXS. StockNews.com downgraded shares of Plexus from a “buy” rating to a “hold” rating in a report on Wednesday. Needham & Company LLC boosted 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. KeyCorp initiated coverage on shares of Plexus in a research note on Tuesday, October 22nd. They set a “sector weight” rating for the company. Finally, Benchmark upped their price target on shares of Plexus from $150.00 to $165.00 and gave the company a “buy” rating in a research report on Monday, October 28th. Four equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average price target 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.