Plexus Corp. (NASDAQ:PLXS) Chairman Dean A. Foate sold 16,925 shares of Plexus Corp. stock in a transaction that occurred on Friday, November 17th. The shares were sold at an average price of $61.22, for a total value of $1,036,148.50. The sale was disclosed in a filing with the SEC, which is available through this hyperlink.
Plexus Corp. (PLXS) traded up $1.53 during midday trading on Monday, hitting $62.47. The stock had a trading volume of 211,842 shares, compared to its average volume of 175,108. The company has a market cap of $2,090.00, a P/E ratio of 18.81 and a beta of 0.90. The company has a current ratio of 1.78, a quick ratio of 1.06 and a debt-to-equity ratio of 0.03. Plexus Corp. has a 52-week low of $49.06 and a 52-week high of $62.56.
Plexus Corp. (NASDAQ:PLXS) last released its earnings results on Wednesday, October 25th. The technology company reported $0.84 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.82 by $0.02. The firm had revenue of $670.00 million for the quarter, compared to the consensus estimate of $676.23 million. Plexus Corp. had a return on equity of 11.48% and a net margin of 4.43%. The company’s revenue for the quarter was up 2.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.82 EPS. research analysts expect that Plexus Corp. will post 3.41 EPS for the current fiscal year.
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A number of research firms have issued reports on PLXS. Zacks Investment Research downgraded Plexus Corp. from a “hold” rating to a “sell” rating in a research note on Tuesday, July 25th. BidaskClub downgraded Plexus Corp. from a “sell” rating to a “strong sell” rating in a research note on Wednesday, August 16th. Stifel Nicolaus reaffirmed a “hold” rating and issued a $54.00 price objective on shares of Plexus Corp. in a research note on Tuesday, September 12th. J P Morgan Chase & Co downgraded Plexus Corp. from an “overweight” rating to a “neutral” rating and set a $62.00 price objective on the stock. in a research note on Tuesday, October 10th. Finally, Citigroup Inc. lifted their price objective on Plexus Corp. from $59.00 to $65.00 and gave the stock a “neutral” rating in a research note on Friday, October 27th. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and two have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $57.86.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Riverhead Capital Management LLC increased its position in shares of Plexus Corp. by 69.0% during the 2nd quarter. Riverhead Capital Management LLC now owns 2,366 shares of the technology company’s stock valued at $124,000 after purchasing an additional 966 shares during the last quarter. Appleton Group LLC bought a new position in shares of Plexus Corp. during the 3rd quarter valued at approximately $201,000. Neuberger Berman Group LLC increased its position in shares of Plexus Corp. by 0.8% during the 2nd quarter. Neuberger Berman Group LLC now owns 3,834 shares of the technology company’s stock valued at $202,000 after purchasing an additional 31 shares during the last quarter. Amalgamated Bank increased its position in shares of Plexus Corp. by 1.4% during the 2nd quarter. Amalgamated Bank now owns 4,582 shares of the technology company’s stock valued at $241,000 after purchasing an additional 65 shares during the last quarter. Finally, Verition Fund Management LLC bought a new position in shares of Plexus Corp. during the 2nd quarter valued at approximately $263,000. 93.75% of the stock is currently owned by hedge funds and other institutional investors.
Plexus Corp. Company Profile
Plexus Corp. (Plexus) and its subsidiaries are engaged in the electronic manufacturing services (EMS) industry. The Company delivers end-to-end solutions for customers in the Americas (AMER), Europe, Middle East, and Africa (EMEA) and Asia-Pacific (APAC) regions. The Company’s segments are AMER, APAC and EMEA.
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