Plexus Corp. (NASDAQ:PLXS) Insider Steven J. Frisch Sells 6,048 Shares

Plexus Corp. (NASDAQ:PLXS) insider Steven J. Frisch sold 6,048 shares of the stock in a transaction that occurred on Friday, August 16th. The stock was sold at an average price of $123.99, for a total transaction of $749,891.52. Following the completion of the sale, the insider now directly owns 30,070 shares of the company’s stock, valued at $3,728,379.30. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

Plexus Stock Performance

Shares of PLXS traded down $4.22 on Tuesday, reaching $122.54. 135,503 shares of the stock traded hands, compared to its average volume of 125,551. The stock’s 50-day moving average price is $112.49 and its 200-day moving average price is $103.84. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.47 and a quick ratio of 0.64. The firm has a market cap of $3.36 billion, a price-to-earnings ratio of 34.08 and a beta of 0.90. Plexus Corp. has a 12 month low of $87.21 and a 12 month high of $132.46.

Plexus (NASDAQ:PLXS) last announced its quarterly 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 firm had revenue of $960.70 million for the quarter, compared to analyst estimates of $981.32 million. Plexus had a net margin of 2.82% and a return on equity of 9.64%. The business’s revenue for the quarter was down 6.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.32 EPS. Equities analysts forecast that Plexus Corp. will post 3.74 EPS for the current fiscal year.

Wall Street Analyst Weigh In

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

Institutional Trading of Plexus

Institutional investors have recently bought and sold shares of the stock. Louisiana State Employees Retirement System increased its holdings in shares of Plexus by 0.7% during the second quarter. Louisiana State Employees Retirement System now owns 13,800 shares of the technology company’s stock worth $1,424,000 after buying an additional 100 shares in the last quarter. SummerHaven Investment Management LLC raised its position in Plexus by 1.9% in the 2nd quarter. SummerHaven Investment Management LLC now owns 7,425 shares of the technology company’s stock valued at $766,000 after purchasing an additional 137 shares during the last quarter. Parallel Advisors LLC boosted its stake in Plexus by 72.3% in the fourth quarter. Parallel Advisors LLC now owns 348 shares of the technology company’s stock worth $38,000 after purchasing an additional 146 shares in the last quarter. QRG Capital Management Inc. increased its stake in shares of Plexus by 4.3% in the second quarter. QRG Capital Management Inc. now owns 3,710 shares of the technology company’s stock valued at $383,000 after buying an additional 152 shares in the last quarter. Finally, Farrow Financial Inc. raised its holdings in shares of Plexus by 0.8% in the second quarter. Farrow Financial Inc. now owns 21,537 shares of the technology company’s stock valued at $2,222,000 after buying an additional 167 shares during the last quarter. Institutional investors and hedge funds 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.