Plexus Corp. (PLXS) VP Sells $348,277.00 in Stock

Plexus Corp. (NASDAQ:PLXS) VP Ronnie Darroch sold 5,900 shares of Plexus stock in a transaction that occurred on Monday, February 5th. The shares were sold at an average price of $59.03, for a total value of $348,277.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Ronnie Darroch also recently made the following trade(s):

  • On Thursday, November 16th, Ronnie Darroch sold 3,763 shares of Plexus stock. The shares were sold at an average price of $61.15, for a total value of $230,107.45.

Plexus Corp. (NASDAQ:PLXS) traded up $0.43 during trading hours on Wednesday, hitting $59.39. 145,826 shares of the stock were exchanged, compared to its average volume of 173,024. Plexus Corp. has a 52 week low of $49.06 and a 52 week high of $66.78. The company has a quick ratio of 1.08, a current ratio of 1.90 and a debt-to-equity ratio of 0.03. The company has a market capitalization of $2,000.00, a PE ratio of -116.45 and a beta of 0.86.

Plexus (NASDAQ:PLXS) last posted its earnings results on Wednesday, January 17th. The technology company reported $0.75 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.80 by ($0.05). Plexus had a negative net margin of 0.57% and a positive return on equity of 11.24%. The firm had revenue of $677.00 million during the quarter, compared to the consensus estimate of $685.07 million. During the same quarter last year, the firm posted $0.82 EPS. The business’s revenue was up 6.6% on a year-over-year basis. analysts anticipate that Plexus Corp. will post 3.25 earnings per share for the current fiscal year.

Several large investors have recently bought and sold shares of PLXS. Wells Fargo & Company MN raised its stake in shares of Plexus by 0.7% in the second quarter. Wells Fargo & Company MN now owns 34,733 shares of the technology company’s stock valued at $1,825,000 after acquiring an additional 249 shares during the last quarter. Amalgamated Bank raised its stake in shares of Plexus by 1.4% in the second quarter. Amalgamated Bank now owns 4,582 shares of the technology company’s stock valued at $241,000 after acquiring an additional 65 shares during the last quarter. PNC Financial Services Group Inc. raised its stake in shares of Plexus by 1.5% in the second quarter. PNC Financial Services Group Inc. now owns 6,228 shares of the technology company’s stock valued at $328,000 after acquiring an additional 92 shares during the last quarter. New York State Common Retirement Fund raised its stake in shares of Plexus by 30.8% in the second quarter. New York State Common Retirement Fund now owns 53,298 shares of the technology company’s stock valued at $2,802,000 after acquiring an additional 12,552 shares during the last quarter. Finally, Vanguard Group Inc. raised its stake in shares of Plexus by 1.7% in the second quarter. Vanguard Group Inc. now owns 3,310,813 shares of the technology company’s stock valued at $174,049,000 after acquiring an additional 53,925 shares during the last quarter. Institutional investors own 94.07% of the company’s stock.

A number of equities research analysts have weighed in on PLXS shares. JPMorgan Chase & Co. downgraded Plexus from an “overweight” rating to a “neutral” rating and set a $62.00 price objective on the stock. in a report on Tuesday, October 10th. Citigroup lifted their price objective on Plexus from $59.00 to $65.00 and gave the company a “neutral” rating in a report on Friday, October 27th. Zacks Investment Research downgraded Plexus from a “hold” rating to a “sell” rating in a report on Monday, October 30th. BidaskClub downgraded Plexus from a “hold” rating to a “sell” rating in a report on Saturday, December 16th. Finally, ValuEngine raised Plexus from a “hold” rating to a “buy” rating in a report on Sunday, December 31st. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and three have assigned a buy rating to the company’s stock. Plexus currently has a consensus rating of “Hold” and an average price target of $59.17.

ILLEGAL ACTIVITY WARNING: “Plexus Corp. (PLXS) VP Sells $348,277.00 in Stock” was originally posted by American Banking News and is the sole property of of American Banking News. If you are reading this piece of content on another website, it was illegally stolen and reposted in violation of US and international trademark & copyright legislation. The original version of this piece of content can be read at https://www.americanbankingnews.com/2018/02/07/plexus-corp-plxs-vp-sells-348277-00-in-stock.html.

Plexus Company Profile

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.

Insider Buying and Selling by Quarter for Plexus (NASDAQ:PLXS)

Receive News & Ratings for Plexus Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Plexus and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply