Insider Selling: Plexus Corp. (NASDAQ:PLXS) CAO Sells 3,981 Shares of Stock

Plexus Corp. (NASDAQ:PLXS) CAO Angelo Michael Ninivaggi, Jr. sold 3,981 shares of the company’s stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $165.29, for a total transaction of $658,019.49. Following the sale, the chief accounting officer now directly owns 31,342 shares in the company, valued at $5,180,519.18. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.

Plexus Trading Up 0.8 %

Shares of PLXS stock traded up $1.27 on Friday, hitting $165.97. 152,531 shares of the company’s stock traded hands, compared to its average volume of 131,846. The stock has a market capitalization of $4.52 billion, a price-to-earnings ratio of 41.50 and a beta of 0.87. The company’s fifty day simple moving average is $135.25 and its 200 day simple moving average is $119.61. Plexus Corp. has a one year low of $90.18 and a one year high of $169.41. The company has a debt-to-equity ratio of 0.07, a quick ratio of 0.71 and a current ratio of 1.51.

Plexus (NASDAQ:PLXS) last issued its earnings results on Wednesday, October 23rd. The technology company reported $1.85 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.55 by $0.30. The firm had revenue of $1.05 billion for the quarter, compared to analysts’ expectations of $1.01 billion. Plexus had a net margin of 2.82% and a return on equity of 9.51%. The business’s revenue was up 2.6% on a year-over-year basis. During the same quarter last year, the business earned $1.44 earnings per share. Equities analysts forecast that Plexus Corp. will post 6.2 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on PLXS. Needham & Company LLC raised their price target on Plexus from $144.00 to $162.00 and gave the company a “buy” rating in a report on Friday, October 25th. KeyCorp started coverage on shares of Plexus in a report on Tuesday, October 22nd. They issued a “sector weight” rating on the stock. StockNews.com lowered shares of Plexus from a “buy” rating to a “hold” rating in a research report on Wednesday. Finally, Benchmark raised their price target on Plexus from $150.00 to $165.00 and gave the company a “buy” rating in a research report on Monday, October 28th. Four equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $133.50.

Institutional Trading of Plexus

Large investors have recently added to or reduced their stakes in the stock. Advisors Asset Management Inc. lifted its holdings in Plexus by 85.0% in the third quarter. Advisors Asset Management Inc. now owns 664 shares of the technology company’s stock worth $91,000 after buying an additional 305 shares during the period. Natixis Advisors LLC raised its position in shares of Plexus by 13.4% in the 3rd quarter. Natixis Advisors LLC now owns 18,923 shares of the technology company’s stock worth $2,587,000 after acquiring an additional 2,235 shares in the last quarter. CIBC Asset Management Inc purchased a new position in shares of Plexus in the 3rd quarter valued at approximately $253,000. Endowment Wealth Management Inc. bought a new stake in shares of Plexus during the third quarter valued at approximately $239,000. Finally, Victory Capital Management Inc. boosted its position in shares of Plexus by 3.9% during the third quarter. Victory Capital Management Inc. now owns 200,186 shares of the technology company’s stock valued at $27,367,000 after purchasing an additional 7,483 shares in the last quarter. Institutional investors own 94.45% of the company’s stock.

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.