Plexus Corp. (NASDAQ:PLXS) VP Ronnie Darroch sold 3,763 shares of the stock in a transaction that occurred on Thursday, November 16th. The stock was sold at an average price of $61.15, for a total value of $230,107.45. The sale was disclosed in a filing with the SEC, which is available at this link.
Ronnie Darroch also recently made the following trade(s):
- On Monday, October 30th, Ronnie Darroch sold 4,513 shares of Plexus stock. The stock was sold at an average price of $61.10, for a total value of $275,744.30.
Shares of Plexus Corp. (NASDAQ:PLXS) traded up $0.18 on Thursday, hitting $60.88. The stock had a trading volume of 170,783 shares, compared to its average volume of 173,561. Plexus Corp. has a one year low of $49.06 and a one year high of $64.12. The company has a market cap of $2,055.07, a PE ratio of 18.89 and a beta of 0.87. The company has a quick ratio of 1.06, a current ratio of 1.78 and a debt-to-equity ratio of 0.03.
Plexus (NASDAQ:PLXS) last announced its quarterly earnings results on Wednesday, October 25th. The technology company reported $0.84 EPS for the quarter, beating the Zacks’ consensus estimate of $0.82 by $0.02. Plexus had a return on equity of 11.48% and a net margin of 4.43%. The company had revenue of $670.00 million during the quarter, compared to analysts’ expectations of $676.23 million. During the same period in the prior year, the company earned $0.82 EPS. Plexus’s revenue was up 2.6% compared to the same quarter last year. research analysts anticipate that Plexus Corp. will post 3.41 earnings per share for the current fiscal year.
A number of large investors have recently made changes to their positions in PLXS. Riverhead Capital Management LLC raised its position in Plexus by 69.0% during the 2nd quarter. Riverhead Capital Management LLC now owns 2,366 shares of the technology company’s stock worth $124,000 after purchasing an additional 966 shares during the last quarter. Appleton Group LLC bought a new position in shares of Plexus in the 3rd quarter worth about $201,000. Neuberger Berman Group LLC raised its position in shares of Plexus by 0.8% in the 2nd quarter. Neuberger Berman Group LLC now owns 3,834 shares of the technology company’s stock worth $202,000 after acquiring an additional 31 shares in the last quarter. Amalgamated Bank raised its position in shares of Plexus by 1.4% in the 2nd quarter. Amalgamated Bank now owns 4,582 shares of the technology company’s stock worth $241,000 after acquiring an additional 65 shares in the last quarter. Finally, Verition Fund Management LLC bought a new position in shares of Plexus in the 2nd quarter worth about $263,000. 94.16% of the stock is owned by institutional investors and hedge funds.
PLXS has been the topic of a number of recent research reports. J P Morgan Chase & Co upgraded Plexus from a “neutral” rating to an “overweight” rating and set a $62.00 target price on the stock in a research note on Monday, August 28th. Citigroup increased their price target on Plexus from $59.00 to $65.00 and gave the stock a “neutral” rating in a research report on Friday, October 27th. Zacks Investment Research downgraded Plexus from a “hold” rating to a “sell” rating in a research report on Monday, October 30th. ValuEngine raised Plexus from a “hold” rating to a “buy” rating in a research report on Friday, September 22nd. Finally, Stifel Nicolaus reissued a “hold” rating and set a $54.00 price target on shares of Plexus in a research report on Tuesday, September 12th. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and two have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $57.86.
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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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