Insider Selling: Plexus Corp. (NASDAQ:PLXS) Insider Sells 1,200 Shares of Stock

Plexus Corp. (NASDAQ:PLXS - Get Free Report) insider Frank Zycinski sold 1,200 shares of the stock in a transaction on Monday, February 10th. The stock was sold at an average price of $140.84, for a total transaction of $169,008.00. Following the completion of the sale, the insider now owns 723 shares in the company, valued at approximately $101,827.32. This trade represents a 62.40 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Plexus Stock Down 0.5 %

Plexus stock traded down $0.66 during mid-day trading on Friday, reaching $139.19. The company's stock had a trading volume of 193,856 shares, compared to its average volume of 186,843. The company has a market capitalization of $3.76 billion, a price-to-earnings ratio of 32.29 and a beta of 0.89. Plexus Corp. has a 12 month low of $90.18 and a 12 month high of $172.89. The business's 50 day simple moving average is $155.93 and its 200 day simple moving average is $144.52. The company has a debt-to-equity ratio of 0.07, a quick ratio of 0.70 and a current ratio of 1.53.

Plexus (NASDAQ:PLXS - Get Free Report) last released its earnings results on Wednesday, January 22nd. The technology company reported $1.49 earnings per share 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%. As a group, research analysts anticipate that Plexus Corp. will post 5.94 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the stock. Needham & Company LLC increased their target price on shares of Plexus from $162.00 to $172.00 and gave the stock a "buy" rating in a report on Friday, January 24th. KeyCorp initiated coverage on shares of Plexus in a research report on Tuesday, October 22nd. They set a "sector weight" rating for the company. Benchmark reissued a "buy" rating and set a $165.00 price objective on shares of Plexus in a research report on Wednesday, January 22nd. StockNews.com raised shares of Plexus from a "hold" rating to a "buy" rating in a research report on Monday, November 18th. Finally, Stifel Nicolaus initiated coverage on shares of Plexus in a research report on Tuesday, February 4th. They set a "hold" rating and a $152.00 price objective for the company. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $163.00.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Schonfeld Strategic Advisors LLC acquired a new position in shares of Plexus during the 4th quarter worth about $321,000. Northern Trust Corp increased its stake in shares of Plexus by 10.0% during the 4th quarter. Northern Trust Corp now owns 332,100 shares of the technology company's stock worth $51,967,000 after purchasing an additional 30,163 shares during the last quarter. Tudor Investment Corp ET AL acquired a new position in shares of Plexus during the 4th quarter worth about $5,037,000. Aquatic Capital Management LLC increased its stake in shares of Plexus by 134.0% during the 4th quarter. Aquatic Capital Management LLC now owns 234 shares of the technology company's stock worth $37,000 after purchasing an additional 134 shares during the last quarter. Finally, Nebula Research & Development LLC acquired a new position in shares of Plexus during the 4th quarter worth about $1,122,000. Institutional investors own 94.45% of the company's stock.

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.