Plexus Corp. (NASDAQ:PLXS) CEO Sells $659,320.00 in Stock

Plexus Corp. (NASDAQ:PLXS) CEO Todd P. Kelsey sold 4,000 shares of the business’s stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $164.83, for a total value of $659,320.00. Following the sale, the chief executive officer now owns 77,026 shares of the company’s stock, valued at approximately $12,696,195.58. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Plexus Price Performance

Shares of Plexus stock opened at $164.70 on Friday. 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 52 week low of $90.18 and a 52 week high of $169.41. The stock’s 50-day simple moving average is $135.25 and its 200-day simple moving average is $119.61. The company has a market capitalization of $4.48 billion, a price-to-earnings ratio of 41.07 and a beta of 0.87.

Plexus (NASDAQ:PLXS) last posted its quarterly earnings results 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 return on equity of 9.51% and a net margin of 2.82%. The business had revenue of $1.05 billion during the quarter, compared to the consensus estimate of $1.01 billion. During the same period in the prior year, the company posted $1.44 EPS. The firm’s revenue for the quarter was up 2.6% compared to the same quarter last year. As a group, analysts expect that Plexus Corp. will post 6.2 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Plexus

Institutional investors have recently bought and sold shares of the stock. Quest Partners LLC lifted its stake in Plexus by 36,700.0% in the 2nd quarter. Quest Partners LLC now owns 368 shares of the technology company’s stock worth $38,000 after purchasing an additional 367 shares in the last quarter. Innealta Capital LLC bought a new stake in shares of Plexus in the second quarter worth about $51,000. Farther Finance Advisors LLC lifted its position in shares of Plexus by 89.4% in the third quarter. Farther Finance Advisors LLC now owns 464 shares of the technology company’s stock worth $63,000 after buying an additional 219 shares in the last quarter. EntryPoint Capital LLC grew its holdings in Plexus by 56.2% during the 1st quarter. EntryPoint Capital LLC now owns 976 shares of the technology company’s stock valued at $93,000 after buying an additional 351 shares in the last quarter. Finally, GAMMA Investing LLC grew its holdings in Plexus by 190.1% during the 3rd quarter. GAMMA Investing LLC now owns 760 shares of the technology company’s stock valued at $104,000 after buying an additional 498 shares in the last quarter. 94.45% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

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