Plexus Corp. (NASDAQ:PLXS – Get Free Report) insider Steven J. Frisch sold 6,565 shares of the stock in a transaction that occurred on Wednesday, July 31st. The shares were sold at an average price of $128.11, for a total transaction of $841,042.15. Following the sale, the insider now owns 36,118 shares in the company, valued at approximately $4,627,076.98. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Plexus Stock Down 5.5 %
Shares of Plexus stock opened at $117.71 on Friday. The company has a market cap of $3.23 billion, a price-to-earnings ratio of 32.52 and a beta of 0.90. The company’s 50 day moving average is $109.98 and its 200 day moving average is $101.99. Plexus Corp. has a twelve month low of $87.21 and a twelve month high of $132.46. The company has a quick ratio of 0.64, a current ratio of 1.47 and a debt-to-equity ratio of 0.07.
Plexus (NASDAQ:PLXS – Get Free Report) last issued its quarterly earnings data on Wednesday, July 24th. The technology company reported $1.45 earnings per share for the quarter, beating analysts’ consensus estimates of $1.28 by $0.17. The company had revenue of $960.70 million for the quarter, compared to the consensus estimate of $981.32 million. Plexus had a net margin of 2.82% and a return on equity of 9.64%. The firm’s revenue for the quarter was down 6.0% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.32 earnings per share. Research analysts anticipate that Plexus Corp. will post 3.75 EPS for the current year.
Institutional Inflows and Outflows
Wall Street Analysts Forecast Growth
A number of equities research analysts have recently commented on PLXS shares. Benchmark increased 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. Stifel Nicolaus increased their price target on shares of Plexus from $90.00 to $95.00 and gave the company a “hold” rating in a report on Friday, April 26th. Finally, Needham & Company LLC increased their price target on shares of Plexus from $114.00 to $144.00 and gave the company a “buy” rating in a report on Friday, July 26th. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $124.00.
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About Plexus
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.
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