Plexus Corp. (NASDAQ:PLXS) CEO Todd P. Kelsey Sells 1,500 Shares

Plexus Corp. (NASDAQ:PLXS) CEO Todd P. Kelsey sold 1,500 shares of the stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $156.39, for a total transaction of $234,585.00. Following the completion of the sale, the chief executive officer now owns 74,271 shares of the company’s stock, valued at approximately $11,615,241.69. This represents a 1.98 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

Plexus Stock Performance

PLXS stock traded up $2.69 during trading hours on Friday, hitting $157.91. 108,464 shares of the stock were exchanged, compared to its average volume of 94,459. Plexus Corp. has a 12 month low of $90.18 and a 12 month high of $170.07. The company has a current ratio of 1.51, a quick ratio of 0.71 and a debt-to-equity ratio of 0.07. The firm has a market capitalization of $4.28 billion, a P/E ratio of 39.38 and a beta of 0.90. The company has a 50-day simple moving average of $159.22 and a two-hundred day simple moving average of $135.04.

Plexus (NASDAQ:PLXS) last issued its quarterly earnings data on Wednesday, October 23rd. The technology company reported $1.85 earnings per share for the quarter, topping the consensus estimate of $1.55 by $0.30. Plexus had a net margin of 2.82% and a return on equity of 9.51%. The business had revenue of $1.05 billion during the quarter, compared to analysts’ expectations of $1.01 billion. During the same quarter in the previous year, the company earned $1.44 EPS. The business’s revenue was up 2.6% on a year-over-year basis. On average, analysts forecast that Plexus Corp. will post 6.14 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on PLXS shares. Needham & Company LLC raised 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. KeyCorp assumed coverage on Plexus in a research note on Tuesday, October 22nd. They set a “sector weight” rating for the company. Stifel Nicolaus increased their price target on Plexus from $136.00 to $150.00 and gave the company a “hold” rating in a research note on Tuesday, December 10th. Benchmark lifted their price objective on shares of Plexus from $150.00 to $165.00 and gave the stock a “buy” rating in a research report on Monday, October 28th. Finally, StockNews.com raised shares of Plexus from a “hold” rating to a “buy” rating in a research report on Monday, November 18th. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat.com, Plexus currently has a consensus rating of “Moderate Buy” and an average target price of $147.25.

Hedge Funds Weigh In On Plexus

Hedge funds have recently added to or reduced their stakes in the stock. Quarry LP grew its holdings in shares of Plexus by 573.5% during the 3rd quarter. Quarry LP now owns 229 shares of the technology company’s stock worth $31,000 after purchasing an additional 195 shares in the last quarter. Quest Partners LLC grew its stake in Plexus by 36,700.0% during the second quarter. Quest Partners LLC now owns 368 shares of the technology company’s stock worth $38,000 after buying an additional 367 shares in the last quarter. Point72 DIFC Ltd bought a new position in Plexus in the 3rd quarter valued at about $51,000. Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of Plexus in the 3rd quarter valued at approximately $55,000. Finally, Farther Finance Advisors LLC lifted its holdings in shares of Plexus by 89.4% during the 3rd quarter. Farther Finance Advisors LLC now owns 464 shares of the technology company’s stock worth $63,000 after acquiring an additional 219 shares during the period. Institutional investors own 94.45% of the company’s stock.

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.