Plexus Corp. (NASDAQ:PLXS) CEO Sells $616,851.51 in Stock

Plexus Corp. (NASDAQ:PLXS) CEO Todd P. Kelsey sold 4,337 shares of the firm’s stock in a transaction on Wednesday, February 5th. The stock was sold at an average price of $142.23, for a total value of $616,851.51. Following the transaction, the chief executive officer now directly owns 80,595 shares of the company’s stock, valued at $11,463,026.85. The trade was a 5.11 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

Plexus Trading Up 1.5 %

PLXS stock traded up $2.05 on Wednesday, hitting $142.39. 201,796 shares of the company were exchanged, compared to its average volume of 181,335. The stock has a market capitalization of $3.86 billion, a price-to-earnings ratio of 33.04 and a beta of 0.89. The business’s fifty day moving average is $159.83 and its two-hundred day moving average is $143.57. Plexus Corp. has a twelve month low of $90.18 and a twelve month high of $172.89. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.53 and a quick ratio of 0.70.

Plexus (NASDAQ:PLXS) last issued its earnings results on Wednesday, January 22nd. The technology company reported $1.49 earnings per share for the quarter, missing analysts’ consensus estimates of $1.59 by ($0.10). Plexus had a net margin of 3.03% and a return on equity of 10.36%. As a group, research analysts forecast that Plexus Corp. will post 5.97 earnings per share for the current year.

Institutional Trading of Plexus

A number of institutional investors have recently modified their holdings of the company. Quarry LP lifted its position in Plexus by 573.5% during the third quarter. Quarry LP now owns 229 shares of the technology company’s stock valued at $31,000 after buying an additional 195 shares in the last quarter. R Squared Ltd purchased a new position in shares of Plexus in the 4th quarter valued at $45,000. Point72 DIFC Ltd acquired a new position in shares of Plexus during the 3rd quarter valued at $51,000. Point72 Asia Singapore Pte. Ltd. purchased a new stake in Plexus during the 3rd quarter worth $55,000. Finally, USA Financial Formulas acquired a new stake in Plexus in the 4th quarter valued at $56,000. Hedge funds and other institutional investors own 94.45% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently commented on PLXS. Benchmark reiterated a “buy” rating and set a $165.00 price objective on shares of Plexus in a research report on Wednesday, January 22nd. Needham & Company LLC upped their price objective on shares of Plexus from $162.00 to $172.00 and gave the company a “buy” rating in a research note on Friday, January 24th. KeyCorp began coverage on shares of Plexus in a research report on Tuesday, October 22nd. They set a “sector weight” rating on the stock. StockNews.com upgraded Plexus from a “hold” rating to a “buy” rating in a report on Monday, November 18th. Finally, Stifel Nicolaus assumed coverage on Plexus in a report on Tuesday. They set a “hold” rating and a $152.00 price objective on the stock. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat, Plexus has a consensus rating of “Moderate Buy” and an average target price of $163.00.

About Plexus

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.