Michael J. Running Sells 1,250 Shares of Plexus Corp. (NASDAQ:PLXS) Stock

Plexus Corp. (NASDAQ:PLXS) insider Michael J. Running sold 1,250 shares of the company’s stock in a transaction on Friday, February 21st. The stock was sold at an average price of $138.62, for a total transaction of $173,275.00. Following the sale, the insider now directly owns 1,276 shares of the company’s stock, valued at approximately $176,879.12. This represents a 49.49 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link.

Plexus Price Performance

Shares of Plexus stock opened at $135.08 on Thursday. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.53 and a quick ratio of 0.70. Plexus Corp. has a fifty-two week low of $90.18 and a fifty-two week high of $172.89. The firm has a fifty day moving average price of $151.45 and a two-hundred day moving average price of $145.41. The company has a market cap of $3.65 billion, a PE ratio of 31.34 and a beta of 0.89.

Plexus (NASDAQ:PLXS) last issued its quarterly earnings results on Wednesday, January 22nd. The technology company reported $1.49 earnings per share for the quarter, missing analysts’ consensus estimates of $1.59 by ($0.10). Plexus had a net margin of 3.03% and a return on equity of 10.36%. Analysts expect that Plexus Corp. will post 5.9 EPS for the current year.

Hedge Funds Weigh In On Plexus

A number of hedge funds have recently made changes to their positions in PLXS. TD Private Client Wealth LLC acquired a new position in shares of Plexus in the 4th quarter valued at $28,000. Quarry LP raised its stake in shares of Plexus by 573.5% in the 3rd quarter. Quarry LP now owns 229 shares of the technology company’s stock valued at $31,000 after buying an additional 195 shares in the last quarter. Aquatic Capital Management LLC raised its stake in shares of Plexus by 134.0% in the 4th quarter. Aquatic Capital Management LLC now owns 234 shares of the technology company’s stock valued at $37,000 after buying an additional 134 shares in the last quarter. R Squared Ltd acquired a new position in shares of Plexus in the 4th quarter valued at $45,000. Finally, Nomura Asset Management Co. Ltd. raised its stake in shares of Plexus by 45.5% in the 4th quarter. Nomura Asset Management Co. Ltd. now owns 320 shares of the technology company’s stock valued at $50,000 after buying an additional 100 shares in the last quarter. Institutional investors and hedge funds own 94.45% of the company’s stock.

Analyst Ratings Changes

Several analysts recently issued reports on PLXS shares. Stifel Nicolaus started coverage on shares of Plexus in a report on Tuesday, February 4th. They set a “hold” rating and a $152.00 price objective for the company. Benchmark reaffirmed a “buy” rating and set a $165.00 price objective on shares of Plexus in a report on Wednesday, January 22nd. StockNews.com raised shares of Plexus from a “hold” rating to a “buy” rating in a report on Monday, November 18th. Finally, Needham & Company LLC upped their price objective on shares of Plexus from $162.00 to $172.00 and gave the stock a “buy” rating in a report on Friday, January 24th. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $163.00.

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.