Plexus Corp. (NASDAQ:PLXS) CAO Angelo Michael Ninivaggi, Jr. Sells 2,250 Shares

Plexus Corp. (NASDAQ:PLXS) CAO Angelo Michael Ninivaggi, Jr. sold 2,250 shares of the stock in a transaction that occurred on Friday, May 3rd. The shares were sold at an average price of $102.66, for a total value of $230,985.00. Following the transaction, the chief accounting officer now owns 38,560 shares of the company’s stock, valued at $3,958,569.60. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Plexus Trading Up 0.4 %

PLXS opened at $106.42 on Wednesday. Plexus Corp. has a one year low of $84.99 and a one year high of $114.06. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.64 and a current ratio of 1.51. The stock has a market cap of $2.94 billion, a price-to-earnings ratio of 29.40 and a beta of 1.00. The stock’s 50 day moving average price is $95.76 and its 200-day moving average price is $98.96.

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

Institutional Investors Weigh In On Plexus

Several large investors have recently added to or reduced their stakes in PLXS. Vanguard Group Inc. raised its stake in shares of Plexus by 1.4% during the third quarter. Vanguard Group Inc. now owns 3,453,940 shares of the technology company’s stock valued at $321,147,000 after acquiring an additional 47,762 shares in the last quarter. Fiduciary Management Inc. WI lifted its holdings in shares of Plexus by 3.8% in the 4th quarter. Fiduciary Management Inc. WI now owns 1,226,917 shares of the technology company’s stock worth $132,667,000 after buying an additional 44,398 shares during the period. BNP Paribas Asset Management Holding S.A. grew its position in shares of Plexus by 0.9% during the 4th quarter. BNP Paribas Asset Management Holding S.A. now owns 954,853 shares of the technology company’s stock worth $103,248,000 after buying an additional 8,243 shares in the last quarter. Massachusetts Financial Services Co. MA increased its stake in shares of Plexus by 0.7% during the third quarter. Massachusetts Financial Services Co. MA now owns 484,095 shares of the technology company’s stock valued at $45,011,000 after buying an additional 3,459 shares during the period. Finally, Boston Trust Walden Corp raised its holdings in shares of Plexus by 1.1% in the fourth quarter. Boston Trust Walden Corp now owns 402,382 shares of the technology company’s stock valued at $43,510,000 after acquiring an additional 4,500 shares in the last quarter. 94.45% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

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

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.