Plexus (NASDAQ:PLXS) Research Coverage Started at Stifel Nicolaus

Stifel Nicolaus initiated coverage on shares of Plexus (NASDAQ:PLXS) in a research note published on Tuesday morning. The firm issued a hold rating and a $152.00 target price on the technology company’s stock.

Other research analysts have also issued research reports about the stock. KeyCorp assumed coverage on shares of Plexus in a research note on Tuesday, October 22nd. They set a “sector weight” rating on the stock. Needham & Company LLC increased their price target on shares of Plexus from $162.00 to $172.00 and gave the stock a “buy” rating in a research note on Friday, January 24th. Benchmark restated a “buy” rating and set a $165.00 price target on shares of Plexus in a research note on Wednesday, January 22nd. Finally, StockNews.com upgraded shares of Plexus from a “hold” rating to a “buy” rating in a research note on Monday, November 18th. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $163.00.

Plexus Stock Down 0.3 %

Plexus stock opened at $141.95 on Tuesday. The firm has a market cap of $3.84 billion, a PE ratio of 32.94 and a beta of 0.89. The company has a debt-to-equity ratio of 0.07, a quick ratio of 0.70 and a current ratio of 1.53. The firm’s 50 day moving average price is $159.02 and its two-hundred day moving average price is $143.55. Plexus has a twelve month low of $90.18 and a twelve month high of $172.89.

Plexus (NASDAQ:PLXS) last released its quarterly earnings data on Wednesday, January 22nd. The technology company reported $1.49 earnings per share for the quarter, missing the consensus estimate of $1.59 by ($0.10). Plexus had a net margin of 3.03% and a return on equity of 10.36%. On average, research analysts predict that Plexus will post 5.97 EPS for the current fiscal year.

Insider Buying and Selling

In related news, CAO Angelo Michael Ninivaggi, Jr. sold 3,423 shares of the company’s stock in a transaction on Thursday, January 30th. The shares were sold at an average price of $145.14, for a total transaction of $496,814.22. Following the completion of the sale, the chief accounting officer now directly owns 29,501 shares of the company’s stock, valued at approximately $4,281,775.14. This represents a 10.40 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Todd P. Kelsey sold 4,337 shares of the company’s stock in a transaction on Wednesday, February 5th. The stock was sold at an average price of $142.23, for a total transaction of $616,851.51. Following the sale, the chief executive officer now directly owns 80,595 shares of the company’s stock, valued at approximately $11,463,026.85. This represents a 5.11 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 15,239 shares of company stock valued at $2,212,730. Company insiders own 1.76% of the company’s stock.

Institutional Trading of Plexus

Hedge funds have recently bought and sold shares of the stock. Pacer Advisors Inc. bought a new stake in Plexus in the 4th quarter valued at $107,489,000. GSA Capital Partners LLP bought a new stake in Plexus in the 3rd quarter valued at $899,000. Victory Capital Management Inc. boosted its holdings in Plexus by 3.9% in the 3rd quarter. Victory Capital Management Inc. now owns 200,186 shares of the technology company’s stock valued at $27,367,000 after purchasing an additional 7,483 shares during the period. Schaper Benz & Wise Investment Counsel Inc. WI boosted its holdings in Plexus by 62.6% in the 3rd quarter. Schaper Benz & Wise Investment Counsel Inc. WI now owns 13,346 shares of the technology company’s stock valued at $1,825,000 after purchasing an additional 5,138 shares during the period. Finally, Stifel Financial Corp bought a new stake in Plexus in the 3rd quarter valued at $332,000. 94.45% of the stock is owned by 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.