Plexus Corp. (NASDAQ:PLXS) CEO Todd P. Kelsey Sells 2,000 Shares

Plexus Corp. (NASDAQ:PLXS) CEO Todd P. Kelsey sold 2,000 shares of the business’s stock in a transaction that occurred on Wednesday, February 19th. The stock was sold at an average price of $140.00, for a total transaction of $280,000.00. Following the completion of the sale, the chief executive officer now owns 87,665 shares of the company’s stock, valued at approximately $12,273,100. The trade was a 2.23 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link.

Plexus Trading Down 0.3 %

Plexus stock traded down $0.42 during mid-day trading on Thursday, reaching $139.66. 161,783 shares of the company traded hands, compared to its average volume of 181,160. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.53 and a quick ratio of 0.70. The firm’s 50 day moving average price is $154.27 and its 200 day moving average price is $144.74. The firm has a market capitalization of $3.78 billion, a price-to-earnings ratio of 32.40 and a beta of 0.89. Plexus Corp. has a 52-week low of $90.18 and a 52-week high of $172.89.

Plexus (NASDAQ:PLXS) last issued its quarterly earnings data on Wednesday, January 22nd. The technology company reported $1.49 earnings per share (EPS) 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%. On average, analysts anticipate that Plexus Corp. will post 5.9 earnings per share for the current fiscal year.

Analyst Ratings Changes

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

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. Pacer Advisors Inc. purchased a new position in Plexus during the 4th quarter valued at $107,489,000. GSA Capital Partners LLP purchased a new stake in shares of Plexus in the 3rd quarter worth about $899,000. Victory Capital Management Inc. grew its position in shares of Plexus by 3.9% in the 3rd quarter. Victory Capital Management Inc. now owns 200,186 shares of the technology company’s stock worth $27,367,000 after buying an additional 7,483 shares during the period. Stifel Financial Corp purchased a new stake in shares of Plexus in the 3rd quarter worth about $332,000. Finally, Barclays PLC grew its position in shares of Plexus by 139.4% in the 3rd quarter. Barclays PLC now owns 48,786 shares of the technology company’s stock worth $6,669,000 after buying an additional 28,406 shares during the period. 94.45% of the stock is owned by hedge funds and other institutional investors.

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.