Plexus Corp. (NASDAQ:PLXS) CAO Sells $230,985.00 in Stock

Plexus Corp. (NASDAQ:PLXS) CAO Angelo Michael Ninivaggi, Jr. sold 2,250 shares of the firm’s stock in a transaction dated Friday, May 3rd. The shares were sold at an average price of $102.66, for a total transaction of $230,985.00. Following the completion of the transaction, the chief accounting officer now directly owns 38,560 shares in the company, valued at $3,958,569.60. The sale was disclosed in a document filed with the SEC, which is available at this link.

Plexus Price Performance

NASDAQ:PLXS opened at $106.42 on Wednesday. The stock has a 50 day moving average price of $95.76 and a 200 day moving average price of $98.96. The stock has a market cap of $2.94 billion, a PE ratio of 29.40 and a beta of 1.00. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.64 and a current ratio of 1.51. Plexus Corp. has a one year low of $84.99 and a one year high of $114.06.

Plexus (NASDAQ:PLXS) last posted its quarterly earnings results on Wednesday, April 24th. The technology company reported $0.94 EPS for the quarter, topping the consensus estimate of $0.87 by $0.07. Plexus had a return on equity of 10.77% and a net margin of 2.54%. The business had revenue of $966.90 million for the quarter, compared to analyst estimates of $950.75 million. During the same quarter in the previous year, the firm earned $1.45 EPS. The company’s quarterly revenue was down 9.7% compared to the same quarter last year. Equities research analysts expect that Plexus Corp. will post 3.61 EPS for the current fiscal year.

Analyst Ratings Changes

A number of brokerages have commented on PLXS. Needham & Company LLC raised their target price on Plexus from $107.00 to $114.00 and gave the company a “buy” rating in a research report on Friday, April 26th. TheStreet lowered Plexus from a “b” rating to a “c+” rating in a report on Tuesday, February 13th. Stifel Nicolaus lifted their target price on shares of Plexus from $90.00 to $95.00 and gave the stock a “hold” rating in a research note on Friday, April 26th. Benchmark reiterated a “buy” rating and issued a $110.00 target price on shares of Plexus in a research report on Wednesday, January 17th. Finally, Sidoti downgraded shares of Plexus from a “buy” rating to a “neutral” rating and set a $112.00 price target on the stock. in a research note on Tuesday, January 9th. Three analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, Plexus has a consensus rating of “Hold” and an average target price of $107.75.

Institutional Trading of Plexus

Several hedge funds have recently made changes to their positions in the company. Vanguard Group Inc. raised its position in shares of Plexus by 1.4% during the 3rd quarter. Vanguard Group Inc. now owns 3,453,940 shares of the technology company’s stock valued at $321,147,000 after buying an additional 47,762 shares during the period. Fiduciary Management Inc. WI increased its stake in Plexus by 3.8% during the fourth quarter. Fiduciary Management Inc. WI now owns 1,226,917 shares of the technology company’s stock worth $132,667,000 after acquiring an additional 44,398 shares during the last quarter. BNP Paribas Asset Management Holding S.A. increased its stake in Plexus by 0.9% during the fourth quarter. BNP Paribas Asset Management Holding S.A. now owns 954,853 shares of the technology company’s stock worth $103,248,000 after acquiring an additional 8,243 shares during the last quarter. Massachusetts Financial Services Co. MA raised its position in Plexus by 0.7% in the third quarter. Massachusetts Financial Services Co. MA now owns 484,095 shares of the technology company’s stock valued at $45,011,000 after purchasing an additional 3,459 shares during the period. Finally, Boston Trust Walden Corp lifted its stake in shares of Plexus by 1.1% in the 4th quarter. Boston Trust Walden Corp now owns 402,382 shares of the technology company’s stock valued at $43,510,000 after purchasing an additional 4,500 shares during the last quarter. Hedge funds and other 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.