Plexus Corp. (NASDAQ:PLXS) CEO Todd P. Kelsey sold 9,000 shares of Plexus stock in a transaction that occurred on Monday, October 29th. The shares were sold at an average price of $58.68, for a total transaction of $528,120.00. Following the completion of the sale, the chief executive officer now owns 72,031 shares in the company, valued at $4,226,779.08. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.
NASDAQ:PLXS opened at $60.18 on Friday. Plexus Corp. has a 1-year low of $52.44 and a 1-year high of $66.78. The company has a debt-to-equity ratio of 0.20, a current ratio of 2.06 and a quick ratio of 0.98. The firm has a market capitalization of $1.91 billion, a P/E ratio of 18.63 and a beta of 0.67.
Plexus (NASDAQ:PLXS) last released its earnings results on Wednesday, October 24th. The technology company reported $0.96 earnings per share for the quarter, beating the consensus estimate of $0.87 by $0.09. Plexus had a net margin of 0.45% and a return on equity of 11.98%. The business had revenue of $771.18 million during the quarter, compared to analysts’ expectations of $760.98 million. During the same period last year, the business earned $0.84 earnings per share. The firm’s revenue was up 15.1% on a year-over-year basis. As a group, sell-side analysts anticipate that Plexus Corp. will post 3.87 EPS for the current year.
Several large investors have recently added to or reduced their stakes in PLXS. Cambridge Investment Research Advisors Inc. bought a new position in shares of Plexus in the second quarter valued at $205,000. Jane Street Group LLC bought a new position in shares of Plexus in the second quarter valued at $214,000. WINTON GROUP Ltd bought a new position in shares of Plexus in the first quarter valued at $244,000. Paloma Partners Management Co bought a new position in shares of Plexus in the second quarter valued at $270,000. Finally, Xact Kapitalforvaltning AB grew its stake in shares of Plexus by 62.2% in the first quarter. Xact Kapitalforvaltning AB now owns 5,737 shares of the technology company’s stock valued at $343,000 after buying an additional 2,200 shares in the last quarter. 97.22% of the stock is owned by institutional investors and hedge funds.
A number of analysts have recently issued reports on the stock. Needham & Company LLC reiterated a “buy” rating and issued a $70.00 price objective on shares of Plexus in a report on Friday, July 20th. BidaskClub upgraded shares of Plexus from a “sell” rating to a “hold” rating in a report on Thursday. Finally, ValuEngine downgraded shares of Plexus from a “buy” rating to a “hold” rating in a report on Thursday, September 27th. Four investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $70.67.
Plexus Company Profile
Plexus Corp., together with its subsidiaries, provides electronic manufacturing services in the Americas, Europe, the Middle East, Africa, and the Asia-Pacific. It offers product conceptualization solutions; and product design and value-engineering solutions, including program management, feasibility studies, specification development for product features and functionality, circuit design, field programmable gate array design, printed circuit board layout, embedded software design, mechanical design, test specifications development and product verification testing, and automated production solutions and complex automation design.
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