Plexus Corp. (PLXS) Insider Sells $69,940.00 in Stock
Plexus Corp. (NASDAQ:PLXS) insider Oliver K. Mihm sold 1,300 shares of the company’s stock in a transaction dated Wednesday, July 19th. The shares were sold at an average price of $53.80, for a total transaction of $69,940.00. Following the sale, the insider now directly owns 6,223 shares of the company’s stock, valued at approximately $334,797.40. The sale was disclosed in a filing with the SEC, which is available at this link.
Plexus Corp. (PLXS) traded down 0.86% during mid-day trading on Friday, hitting $54.46. 276,320 shares of the stock traded hands. Plexus Corp. has a 12-month low of $43.56 and a 12-month high of $58.74. The company has a market cap of $1.84 billion, a price-to-earnings ratio of 18.28 and a beta of 0.93. The firm’s 50-day moving average is $52.66 and its 200-day moving average is $54.20.
Plexus Corp. (NASDAQ:PLXS) last posted its quarterly earnings data on Wednesday, July 19th. The technology company reported $0.74 earnings per share for the quarter, beating analysts’ consensus estimates of $0.72 by $0.02. The business had revenue of $618.80 million during the quarter, compared to analyst estimates of $608.95 million. Plexus Corp. had a net margin of 4.07% and a return on equity of 10.92%. The company’s revenue was down 7.3% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.82 earnings per share. Equities research analysts expect that Plexus Corp. will post $3.23 EPS for the current year.
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Institutional investors have recently bought and sold shares of the stock. American Century Companies Inc. increased its stake in Plexus Corp. by 285.6% in the first quarter. American Century Companies Inc. now owns 75,907 shares of the technology company’s stock worth $4,387,000 after buying an additional 56,220 shares during the last quarter. First Trust Advisors LP increased its stake in Plexus Corp. by 27.0% in the first quarter. First Trust Advisors LP now owns 34,533 shares of the technology company’s stock worth $1,996,000 after buying an additional 7,333 shares during the last quarter. LSV Asset Management bought a new stake in Plexus Corp. during the first quarter worth about $358,000. Great West Life Assurance Co. Can increased its stake in Plexus Corp. by 7.2% in the first quarter. Great West Life Assurance Co. Can now owns 46,643 shares of the technology company’s stock worth $2,694,000 after buying an additional 3,132 shares during the last quarter. Finally, Profit Investment Management LLC increased its stake in Plexus Corp. by 33.5% in the first quarter. Profit Investment Management LLC now owns 39,046 shares of the technology company’s stock worth $2,257,000 after buying an additional 9,790 shares during the last quarter. 93.60% of the stock is owned by institutional investors and hedge funds.
Several analysts have recently weighed in on PLXS shares. J P Morgan Chase & Co started coverage on shares of Plexus Corp. in a research note on Tuesday, April 4th. They issued a “neutral” rating and a $65.00 price target for the company. Royal Bank Of Canada reissued a “sector perform” rating and issued a $57.00 price target on shares of Plexus Corp. in a research note on Saturday, April 22nd. Zacks Investment Research cut shares of Plexus Corp. from a “hold” rating to a “sell” rating in a research note on Monday, April 24th. BidaskClub cut shares of Plexus Corp. from a “buy” rating to a “hold” rating in a research note on Thursday, June 15th. Finally, ValuEngine cut shares of Plexus Corp. from a “buy” rating to a “hold” rating in a research note on Friday, July 14th. Eight equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $58.83.
About Plexus Corp.
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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