Plexus Corp. (NASDAQ:PLXS) Insider Sells $497,700.00 in Stock

Plexus Corp. (NASDAQ:PLXS) insider Victor (Pang Hau) Tan sold 3,000 shares of the company’s stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $165.90, for a total transaction of $497,700.00. Following the completion of the transaction, the insider now owns 5,605 shares in the company, valued at approximately $929,869.50. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.

Victor (Pang Hau) Tan also recently made the following trade(s):

• On Wednesday, August 28th, Victor (Pang Hau) Tan sold 1,000 shares of Plexus stock. The shares were sold at an average price of $127.50, for a total transaction of $127,500.00.

Plexus Stock Performance

Shares of Plexus stock traded up $1.27 during trading on Friday, hitting $165.97. 152,531 shares of the stock were exchanged, compared to its average volume of 131,846. The stock’s fifty day moving average is $135.25 and its 200 day moving average is $119.61. Plexus Corp. has a 12 month low of $90.18 and a 12 month high of $169.41. The stock has a market cap of $4.52 billion, a PE ratio of 41.50 and a beta of 0.87. 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 announced its earnings results on Wednesday, October 23rd. The technology company reported $1.85 earnings per share for the quarter, beating the consensus estimate of $1.55 by $0.30. Plexus had a return on equity of 9.51% and a net margin of 2.82%. The firm had revenue of $1.05 billion for the quarter, compared to the consensus estimate of $1.01 billion. During the same quarter in the previous year, the business earned $1.44 EPS. The firm’s revenue for the quarter was up 2.6% on a year-over-year basis. As a group, sell-side analysts anticipate that Plexus Corp. will post 6.2 EPS for the current year.

Institutional Trading of Plexus

Institutional investors have recently made changes to their positions in the stock. Louisiana State Employees Retirement System boosted its stake in Plexus by 0.7% during the 2nd quarter. Louisiana State Employees Retirement System now owns 13,800 shares of the technology company’s stock valued at $1,424,000 after purchasing an additional 100 shares in the last quarter. SummerHaven Investment Management LLC lifted its holdings in shares of Plexus by 1.9% in the second quarter. SummerHaven Investment Management LLC now owns 7,425 shares of the technology company’s stock valued at $766,000 after buying an additional 137 shares during the period. QRG Capital Management Inc. boosted its stake in Plexus by 4.3% during 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. Farrow Financial Inc. grew its holdings in Plexus by 0.7% during the third quarter. Farrow Financial Inc. now owns 21,692 shares of the technology company’s stock worth $2,966,000 after acquiring an additional 155 shares during the period. Finally, Arizona State Retirement System raised its position in Plexus by 2.2% in the second quarter. Arizona State Retirement System now owns 7,729 shares of the technology company’s stock worth $797,000 after acquiring an additional 170 shares in the last quarter. 94.45% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

PLXS has been the subject of a number of recent analyst reports. Needham & Company LLC lifted their price objective on Plexus from $144.00 to $162.00 and gave the company a “buy” rating in a research report on Friday, October 25th. StockNews.com downgraded shares of Plexus from a “buy” rating to a “hold” rating in a research note on Wednesday. KeyCorp initiated coverage on shares of Plexus in a research report on Tuesday, October 22nd. They issued a “sector weight” rating on the stock. Finally, Benchmark increased their price target on shares of Plexus from $150.00 to $165.00 and gave the stock a “buy” rating in a research note 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 company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $133.50.

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.