Patrick John Jermain Sells 2,643 Shares of Plexus Corp. (NASDAQ:PLXS) Stock

Plexus Corp. (NASDAQ:PLXS) CFO Patrick John Jermain sold 2,643 shares of the company’s stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $166.32, for a total transaction of $439,583.76. Following the transaction, the chief financial officer now directly owns 21,959 shares of the company’s stock, valued at $3,652,220.88. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.

Patrick John Jermain also recently made the following trade(s):

• On Monday, October 28th, Patrick John Jermain sold 5,045 shares of Plexus stock. The stock was sold at an average price of $143.13, for a total value of $722,090.85.

Plexus Stock Up 0.8 %

NASDAQ:PLXS traded up $1.27 on Friday, reaching $165.97. The stock had a trading volume of 152,531 shares, compared to its average volume of 131,846. 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 P/E ratio of 41.50 and a beta of 0.87. The company has a current ratio of 1.51, a quick ratio of 0.71 and a debt-to-equity ratio of 0.07. The company has a 50-day moving average of $135.25 and a 200 day moving average of $119.61.

Plexus (NASDAQ:PLXS) last posted its quarterly earnings data on Wednesday, October 23rd. The technology company reported $1.85 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.55 by $0.30. The company had revenue of $1.05 billion for the quarter, compared to the consensus estimate of $1.01 billion. Plexus had a return on equity of 9.51% and a net margin of 2.82%. Plexus’s revenue for the quarter was up 2.6% compared to the same quarter last year. During the same period in the previous year, the business earned $1.44 EPS. On average, research analysts predict that Plexus Corp. will post 6.2 earnings per share for the current year.

Institutional Investors Weigh In On Plexus

Institutional investors have recently modified their holdings of the stock. Quest Partners LLC increased its holdings in Plexus by 36,700.0% in the second quarter. Quest Partners LLC now owns 368 shares of the technology company’s stock valued at $38,000 after buying an additional 367 shares during the last quarter. Farther Finance Advisors LLC raised its holdings in shares of Plexus by 89.4% during the third quarter. Farther Finance Advisors LLC now owns 464 shares of the technology company’s stock worth $63,000 after purchasing an additional 219 shares during the period. Innealta Capital LLC bought a new position in shares of Plexus in the 2nd quarter worth about $51,000. Advisors Asset Management Inc. boosted its holdings in shares of Plexus by 85.0% in the 3rd quarter. Advisors Asset Management Inc. now owns 664 shares of the technology company’s stock valued at $91,000 after buying an additional 305 shares during the period. 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 buying an additional 498 shares during the last quarter. Institutional investors and hedge funds own 94.45% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have commented on the company. KeyCorp assumed coverage on Plexus in a research note on Tuesday, October 22nd. They set a “sector weight” rating for the company. Needham & Company LLC lifted their target price on shares of Plexus from $144.00 to $162.00 and gave the company a “buy” rating in a report on Friday, October 25th. StockNews.com cut shares of Plexus from a “buy” rating to a “hold” rating in a research report on Wednesday. Finally, Benchmark raised their price objective on Plexus from $150.00 to $165.00 and gave the company a “buy” rating in a research report on Monday, October 28th. Four research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average 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.