Plexus Corp. (NASDAQ:PLXS) CEO Todd P. Kelsey Sells 4,000 Shares

Plexus Corp. (NASDAQ:PLXS) CEO Todd P. Kelsey sold 4,000 shares of the stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $164.83, for a total value of $659,320.00. Following the transaction, the chief executive officer now owns 77,026 shares of the company’s stock, valued at $12,696,195.58. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link.

Plexus Stock Performance

PLXS stock opened at $166.77 on Thursday. The company has a debt-to-equity ratio of 0.07, a quick ratio of 0.71 and a current ratio of 1.51. The firm has a market cap of $4.54 billion, a price-to-earnings ratio of 41.59 and a beta of 0.87. The firm has a 50-day simple moving average of $134.51 and a two-hundred day simple moving average of $119.30. Plexus Corp. has a one year low of $90.18 and a one year high of $169.41.

Plexus (NASDAQ:PLXS) last issued its quarterly earnings results on Wednesday, October 23rd. The technology company reported $1.85 earnings per share for the quarter, topping 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 business had revenue of $1.05 billion during the quarter, compared to the consensus estimate of $1.01 billion. During the same quarter last year, the company earned $1.44 earnings per share. The company’s quarterly revenue was up 2.6% on a year-over-year basis. On average, equities analysts forecast that Plexus Corp. will post 6.2 EPS for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the company. Quest Partners LLC lifted its position in Plexus by 36,700.0% during the second quarter. Quest Partners LLC now owns 368 shares of the technology company’s stock valued at $38,000 after purchasing an additional 367 shares during the period. Innealta Capital LLC purchased a new position in Plexus in the second quarter valued at $51,000. Farther Finance Advisors LLC raised its position in shares of Plexus by 89.4% in the third quarter. Farther Finance Advisors LLC now owns 464 shares of the technology company’s stock worth $63,000 after acquiring an additional 219 shares during the period. EntryPoint Capital LLC boosted its stake in shares of Plexus by 56.2% during the 1st quarter. EntryPoint Capital LLC now owns 976 shares of the technology company’s stock worth $93,000 after acquiring an additional 351 shares in the last quarter. Finally, GAMMA Investing LLC grew its position in shares of Plexus by 190.1% during the 3rd quarter. GAMMA Investing LLC now owns 760 shares of the technology company’s stock valued at $104,000 after acquiring an additional 498 shares during the period. 94.45% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on PLXS. StockNews.com downgraded shares of Plexus from a “buy” rating to a “hold” rating in a report on Wednesday. KeyCorp began coverage on Plexus in a report on Tuesday, October 22nd. They issued a “sector weight” rating on the stock. Needham & Company LLC lifted their price objective on shares of Plexus from $144.00 to $162.00 and gave the company a “buy” rating in a report on Friday, October 25th. Finally, Benchmark raised their price objective on Plexus from $150.00 to $165.00 and gave the stock a “buy” rating in a report on Monday, October 28th. Four analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price 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.