Plexus Corp. CEO Sells $205,150 in Stock (PLXS)
Plexus Corp. (NASDAQ:PLXS) CEO Dean A. Foate sold 5,000 shares of Plexus Corp. stock in a transaction that occurred on Friday, August 22nd. The stock was sold at an average price of $41.03, for a total value of $205,150.00. Following the sale, the chief executive officer now directly owns 128,455 shares of the company’s stock, valued at approximately $5,270,509. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
PLXS has been the subject of a number of recent research reports. Analysts at Zacks reiterated a “neutral” rating on shares of Plexus Corp. in a research note on Friday, July 18th. They now have a $42.00 price target on the stock. Analysts at Longbow Research upgraded shares of Plexus Corp. from a “neutral” rating to a “buy” rating in a research note on Friday, July 18th. They now have a $50.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and three have given a buy rating to the company. Plexus Corp. currently has a consensus rating of “Hold” and an average target price of $44.17.
Plexus Corp. (NASDAQ:PLXS) traded up 0.10% during mid-day trading on Monday, hitting $41.25. The stock had a trading volume of 128,271 shares. Plexus Corp. has a one year low of $32.55 and a one year high of $45.53. The stock has a 50-day moving average of $40.79 and a 200-day moving average of $41.22. The company has a market cap of $1.392 billion and a P/E ratio of 17.04.
Plexus Corp. (NASDAQ:PLXS) last issued its quarterly earnings data on Wednesday, July 16th. The company reported $0.74 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.72 by $0.02. The company had revenue of $620.50 million for the quarter, compared to the consensus estimate of $616.50 million. During the same quarter last year, the company posted $0.68 earnings per share. Plexus Corp.’s revenue was up 8.5% compared to the same quarter last year. On average, analysts predict that Plexus Corp. will post $2.74 earnings per share for the current fiscal year.
Plexus Corp. (NASDAQ:PLXS) and its subsidiaries deliver solutions to its customers through its Product Realization Value Stream.
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