Randy J. Martinez Sells 887 Shares of Plexus Corp. (NASDAQ:PLXS) Stock

Plexus Corp. (NASDAQ:PLXS) Director Randy J. Martinez sold 887 shares of the company’s stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $140.52, for a total value of $124,641.24. Following the transaction, the director now owns 4,831 shares of the company’s stock, valued at approximately $678,852.12. This represents a 15.51 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Plexus Stock Down 0.3 %

Shares of Plexus stock opened at $139.66 on Friday. The firm has a market cap of $3.78 billion, a price-to-earnings ratio of 32.40 and a beta of 0.89. 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 Corp. has a 1 year low of $90.18 and a 1 year high of $172.89. The company has a 50-day moving average of $153.70 and a 200 day moving average of $144.70.

Plexus (NASDAQ:PLXS) last posted its quarterly earnings results on Wednesday, January 22nd. The technology company reported $1.49 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.59 by ($0.10). Plexus had a return on equity of 10.36% and a net margin of 3.03%. As a group, sell-side analysts anticipate that Plexus Corp. will post 5.9 earnings per share for the current fiscal year.

Institutional Trading of Plexus

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. TD Private Client Wealth LLC purchased a new stake in Plexus in the 4th quarter worth approximately $28,000. Quarry LP lifted its stake 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 acquiring an additional 195 shares during the last quarter. Aquatic Capital Management LLC lifted its holdings in Plexus by 134.0% during the 4th quarter. Aquatic Capital Management LLC now owns 234 shares of the technology company’s stock valued at $37,000 after buying an additional 134 shares in the last quarter. R Squared Ltd bought a new position in shares of Plexus during the fourth quarter valued at approximately $45,000. Finally, Nomura Asset Management Co. Ltd. grew its holdings in Plexus by 45.5% in the fourth quarter. Nomura Asset Management Co. Ltd. now owns 320 shares of the technology company’s stock worth $50,000 after purchasing an additional 100 shares during the last quarter. 94.45% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research analysts have commented on the stock. StockNews.com upgraded shares of Plexus from a “hold” rating to a “buy” rating in a report on Monday, November 18th. Benchmark reissued a “buy” rating and issued a $165.00 price target on shares of Plexus in a research note on Wednesday, January 22nd. Needham & Company LLC lifted their price objective on Plexus from $162.00 to $172.00 and gave the company a “buy” rating in a research report on Friday, January 24th. Finally, Stifel Nicolaus started coverage on Plexus in a research report on Tuesday, February 4th. They issued a “hold” rating and a $152.00 target price for the company. Two analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target 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.