Plexus Corp. (NASDAQ:PLXS) CEO Todd P. Kelsey Sells 1,000 Shares

Plexus Corp. (NASDAQ:PLXS) CEO Todd P. Kelsey sold 1,000 shares of Plexus stock in a transaction dated Friday, August 16th. The shares were sold at an average price of $123.75, for a total transaction of $123,750.00. Following the sale, the chief executive officer now owns 87,026 shares of the company’s stock, valued at approximately $10,769,467.50. The sale was disclosed in a document filed with the SEC, which is available through this link.

Plexus Stock Down 3.3 %

Shares of PLXS stock traded down $4.22 during trading hours on Tuesday, reaching $122.54. 135,503 shares of the company’s stock were exchanged, compared to its average volume of 125,551. Plexus Corp. has a fifty-two week low of $87.21 and a fifty-two week high of $132.46. The stock’s 50 day moving average is $112.49 and its 200-day moving average is $103.84. The company has a current ratio of 1.47, a quick ratio of 0.64 and a debt-to-equity ratio of 0.07. The company has a market cap of $3.36 billion, a price-to-earnings ratio of 34.08 and a beta of 0.90.

Plexus (NASDAQ:PLXS) last announced its earnings results on Wednesday, July 24th. The technology company reported $1.45 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.28 by $0.17. The company had revenue of $960.70 million for the quarter, compared to analyst estimates of $981.32 million. Plexus had a return on equity of 9.64% and a net margin of 2.82%. The firm’s quarterly revenue was down 6.0% compared to the same quarter last year. During the same period in the prior year, the company posted $1.32 EPS. Analysts predict that Plexus Corp. will post 3.74 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on PLXS. Needham & Company LLC increased their price target on Plexus from $114.00 to $144.00 and gave the stock a “buy” rating in a research report on Friday, July 26th. Stifel Nicolaus lifted their price target on Plexus from $90.00 to $95.00 and gave the company a “hold” rating in a report on Friday, April 26th. Finally, Benchmark upped their price objective on Plexus from $120.00 to $145.00 and gave the stock a “buy” rating in a research note on Monday, July 29th. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $124.00.

Institutional Investors Weigh In On Plexus

Several hedge funds and other institutional investors have recently added to or reduced their stakes in PLXS. Vanguard Group Inc. boosted its position in Plexus by 2.2% during the first quarter. Vanguard Group Inc. now owns 3,515,866 shares of the technology company’s stock worth $333,374,000 after purchasing an additional 74,988 shares in the last quarter. Disciplined Growth Investors Inc. MN increased its holdings in Plexus by 0.3% in the 2nd quarter. Disciplined Growth Investors Inc. MN now owns 2,109,047 shares of the technology company’s stock worth $217,611,000 after acquiring an additional 7,245 shares in the last quarter. Fiduciary Management Inc. WI raised its position in Plexus by 3.8% during the fourth quarter. Fiduciary Management Inc. WI now owns 1,226,917 shares of the technology company’s stock worth $132,667,000 after acquiring an additional 44,398 shares during the period. BNP PARIBAS ASSET MANAGEMENT Holding S.A. lifted its holdings in Plexus by 8.8% during the second quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 1,079,340 shares of the technology company’s stock valued at $111,366,000 after purchasing an additional 87,574 shares in the last quarter. Finally, BNP Paribas Asset Management Holding S.A. grew its position in shares of Plexus by 0.9% in the fourth quarter. BNP Paribas Asset Management Holding S.A. now owns 954,853 shares of the technology company’s stock valued at $103,248,000 after purchasing an additional 8,243 shares during the period. 94.45% of the stock is owned by institutional investors and hedge funds.

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.