Plexus Corp. (NASDAQ:PLXS) Insider Victor (Pang Hau) Tan Sells 2,000 Shares of Stock

Plexus Corp. (NASDAQ:PLXS) insider Victor (Pang Hau) Tan sold 2,000 shares of the company’s stock in a transaction that occurred on Thursday, May 2nd. The shares were sold at an average price of $102.50, for a total value of $205,000.00. Following the completion of the transaction, the insider now owns 12,605 shares in the company, valued at $1,292,012.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Plexus Trading Up 1.8 %

Shares of PLXS stock opened at $105.99 on Tuesday. Plexus Corp. has a fifty-two week low of $84.99 and a fifty-two week high of $114.06. The company has a 50 day moving average price of $95.51 and a 200 day moving average price of $98.85. The stock has a market capitalization of $2.93 billion, a P/E ratio of 29.28 and a beta of 1.00. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.64 and a current ratio of 1.51.

Plexus (NASDAQ:PLXS) last posted its quarterly earnings results on Wednesday, April 24th. The technology company reported $0.94 EPS for the quarter, topping the consensus estimate of $0.87 by $0.07. The business had revenue of $966.90 million during the quarter, compared to the consensus estimate of $950.75 million. Plexus had a net margin of 2.54% and a return on equity of 10.77%. The company’s quarterly revenue was down 9.7% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.45 earnings per share. Equities research analysts predict that Plexus Corp. will post 3.61 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on PLXS shares. Benchmark reaffirmed a “buy” rating and issued a $110.00 price target on shares of Plexus in a research note on Wednesday, January 17th. Stifel Nicolaus increased their target price on shares of Plexus from $90.00 to $95.00 and gave the stock a “hold” rating in a research note on Friday, April 26th. TheStreet cut shares of Plexus from a “b” rating to a “c+” rating in a research report on Tuesday, February 13th. Needham & Company LLC upped their price objective on shares of Plexus from $107.00 to $114.00 and gave the stock a “buy” rating in a report on Friday, April 26th. Finally, Sidoti cut shares of Plexus from a “buy” rating to a “neutral” rating and set a $112.00 price objective for the company. in a research report on Tuesday, January 9th. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $107.75.

Institutional Trading of Plexus

Several hedge funds have recently added to or reduced their stakes in PLXS. SG Americas Securities LLC acquired a new position in Plexus during the 1st quarter worth approximately $253,000. Quantbot Technologies LP purchased a new stake in shares of Plexus during the 1st quarter worth $533,000. Texas Permanent School Fund Corp grew its stake in shares of Plexus by 1.8% during the first quarter. Texas Permanent School Fund Corp now owns 24,166 shares of the technology company’s stock worth $2,291,000 after purchasing an additional 426 shares in the last quarter. Farrow Financial Inc. raised its stake in Plexus by 7.3% in the first quarter. Farrow Financial Inc. now owns 21,370 shares of the technology company’s stock valued at $2,026,000 after buying an additional 1,446 shares in the last quarter. Finally, Capstone Investment Advisors LLC purchased a new stake in Plexus during the 1st quarter worth about $216,000. Institutional investors and hedge funds own 94.45% of the company’s stock.

About Plexus

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.