Plexus Corp. (NASDAQ:PLXS – Get Free Report) CEO Todd P. Kelsey sold 1,000 shares of the business’s stock in a transaction that occurred on Monday, April 29th. The shares were sold at an average price of $102.10, for a total transaction of $102,100.00. Following the completion of the sale, the chief executive officer now directly owns 113,810 shares in the company, valued at $11,620,001. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.
Plexus Stock Up 1.2 %
PLXS traded up $1.24 on Wednesday, reaching $102.25. The company’s stock had a trading volume of 179,297 shares, compared to its average volume of 121,256. The company has a quick ratio of 0.64, a current ratio of 1.51 and a debt-to-equity ratio of 0.15. Plexus Corp. has a fifty-two week low of $83.84 and a fifty-two week high of $114.06. The stock has a 50 day moving average of $94.76 and a two-hundred day moving average of $98.56. The company has a market capitalization of $2.82 billion, a price-to-earnings ratio of 28.25 and a beta of 1.02.
Plexus (NASDAQ:PLXS – Get Free Report) last posted its earnings results on Wednesday, April 24th. The technology company reported $0.94 EPS for the quarter, beating analysts’ consensus estimates of $0.87 by $0.07. Plexus had a net margin of 2.54% and a return on equity of 10.77%. The firm had revenue of $966.90 million for the quarter, compared to the consensus estimate of $950.75 million. During the same period last year, the firm posted $1.45 EPS. The company’s revenue was down 9.7% on a year-over-year basis. As a group, analysts forecast that Plexus Corp. will post 3.61 EPS for the current fiscal year.
Institutional Inflows and Outflows
Analysts Set New Price Targets
A number of analysts have issued reports on PLXS shares. Needham & Company LLC boosted their target price on Plexus from $107.00 to $114.00 and gave the company a “buy” rating in a research report on Friday, April 26th. Benchmark reiterated a “buy” rating and issued a $110.00 price objective on shares of Plexus in a report on Wednesday, January 17th. Sidoti downgraded shares of Plexus from a “buy” rating to a “neutral” rating and set a $112.00 price target for the company. in a research note on Tuesday, January 9th. TheStreet cut Plexus from a “b” rating to a “c+” rating in a research note on Tuesday, February 13th. Finally, Stifel Nicolaus boosted their target price on Plexus from $90.00 to $95.00 and gave the stock a “hold” rating in a research note on Friday, April 26th. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $107.75.
Check Out Our Latest Report on Plexus
Plexus Company Profile
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.
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