Plexus Corp. (NASDAQ:PLXS) CAO Angelo Michael Ninivaggi, Jr. sold 605 shares of the company’s stock in a transaction that occurred on Monday, July 27th. The stock was sold at an average price of $73.00, for a total value of $44,165.00. Following the sale, the chief accounting officer now owns 32,657 shares in the company, valued at approximately $2,383,961. The sale was disclosed in a filing with the SEC, which can be accessed through this link.
Shares of NASDAQ PLXS opened at $74.29 on Friday. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.72 and a quick ratio of 0.93. The stock’s fifty day moving average price is $68.27 and its two-hundred day moving average price is $65.17. Plexus Corp. has a one year low of $35.16 and a one year high of $86.53. The firm has a market cap of $2.17 billion, a price-to-earnings ratio of 19.10 and a beta of 1.05.
Plexus (NASDAQ:PLXS) last issued its quarterly earnings data on Wednesday, July 22nd. The technology company reported $1.20 EPS for the quarter, beating analysts’ consensus estimates of $0.75 by $0.45. Plexus had a return on equity of 12.41% and a net margin of 3.55%. The firm had revenue of $857.39 million for the quarter, compared to analyst estimates of $801.94 million. On average, equities analysts anticipate that Plexus Corp. will post 3.93 earnings per share for the current fiscal year.
Hedge funds and other institutional investors have recently modified their holdings of the business. Goldman Sachs Group Inc. lifted its position in shares of Plexus by 18.1% during the 4th quarter. Goldman Sachs Group Inc. now owns 129,170 shares of the technology company’s stock valued at $9,938,000 after acquiring an additional 19,799 shares during the period. Envestnet Asset Management Inc. lifted its position in shares of Plexus by 10.6% during the 2nd quarter. Envestnet Asset Management Inc. now owns 25,192 shares of the technology company’s stock valued at $1,778,000 after acquiring an additional 2,423 shares during the period. Norges Bank bought a new stake in shares of Plexus during the 4th quarter worth $32,762,000. BNP Paribas Arbitrage SA lifted its position in shares of Plexus by 128.4% during the 1st quarter. BNP Paribas Arbitrage SA now owns 24,732 shares of the technology company’s stock worth $1,349,000 after buying an additional 13,905 shares during the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its position in shares of Plexus by 48.4% during the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 14,681 shares of the technology company’s stock worth $801,000 after buying an additional 4,789 shares during the last quarter. 95.26% of the stock is currently owned by hedge funds and other institutional investors.
A number of equities research analysts have recently issued reports on PLXS shares. Needham & Company LLC upped their price objective on Plexus from $67.00 to $82.00 and gave the stock a “buy” rating in a research note on Friday, July 24th. ValuEngine cut Plexus from a “hold” rating to a “sell” rating in a research note on Thursday, July 23rd. Stifel Nicolaus upped their price objective on Plexus from $60.00 to $80.00 and gave the stock a “hold” rating in a research note on Friday, July 24th. Loop Capital boosted their target price on Plexus from $78.00 to $91.00 and gave the stock a “buy” rating in a report on Friday, July 24th. Finally, BidaskClub raised Plexus from a “hold” rating to a “buy” rating in a report on Saturday, July 11th. One research analyst has rated the stock with a sell rating, two have given a hold rating and six have given a buy rating to the stock. Plexus presently has an average rating of “Buy” and an average price target of $80.67.
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 design and development, supply chain, new product introduction, and manufacturing solutions, as well as aftermarket services. The company provides its solutions to companies in the healthcare and life sciences, industrial and commercial, communications, and aerospace and defense sectors.
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