Plexus Corp. (NASDAQ:PLXS) CAO Sells $496,814.22 in Stock

Plexus Corp. (NASDAQ:PLXS - Get Free Report) 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 value of $496,814.22. Following the completion of the transaction, the chief accounting officer now owns 29,501 shares of the company's stock, valued at $4,281,775.14. The trade was a 10.40 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this hyperlink.

Plexus Price Performance

NASDAQ PLXS traded up $1.63 on Tuesday, hitting $140.34. 148,756 shares of the company were exchanged, compared to its average volume of 179,314. Plexus Corp. has a 1-year low of $90.18 and a 1-year high of $172.89. The firm has a 50 day moving average of $160.31 and a two-hundred day moving average of $143.40. The company has a current ratio of 1.53, a quick ratio of 0.70 and a debt-to-equity ratio of 0.07. The company has a market cap of $3.80 billion, a P/E ratio of 32.56 and a beta of 0.89.

Plexus (NASDAQ:PLXS - Get Free Report) last announced its earnings results on Wednesday, January 22nd. The technology company reported $1.49 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.59 by ($0.10). Plexus had a return on equity of 10.36% and a net margin of 3.03%. On average, equities analysts predict that Plexus Corp. will post 5.97 EPS for the current year.

Analyst Ratings Changes

PLXS has been the topic of a number of analyst reports. Needham & Company LLC upped their target price on shares of Plexus from $162.00 to $172.00 and gave the company a "buy" rating in a research note on Friday, January 24th. Benchmark restated a "buy" rating and set a $165.00 target price on shares of Plexus in a research report on Wednesday, January 22nd. StockNews.com upgraded Plexus from a "hold" rating to a "buy" rating in a research report on Monday, November 18th. KeyCorp began coverage on Plexus in a report on Tuesday, October 22nd. They set a "sector weight" rating for the company. Finally, Stifel Nicolaus initiated coverage on shares of Plexus in a report on Tuesday. They issued a "hold" rating and a $152.00 target price on the stock. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. Based on data from MarketBeat, Plexus presently has a consensus rating of "Moderate Buy" and an average target price of $163.00.

Institutional Investors Weigh In On Plexus

Several hedge funds and other institutional investors have recently made changes to their positions in PLXS. Quarry LP raised its stake in shares of Plexus by 573.5% during the third quarter. Quarry LP now owns 229 shares of the technology company's stock worth $31,000 after buying an additional 195 shares during the last quarter. R Squared Ltd acquired a new stake in Plexus during the 4th quarter worth $45,000. Point72 DIFC Ltd bought a new stake in shares of Plexus during the 3rd quarter valued at $51,000. Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of Plexus in the 3rd quarter valued at $55,000. Finally, USA Financial Formulas bought a new position in shares of Plexus in the 4th quarter worth $56,000. 94.45% of the stock is owned by institutional investors and hedge funds.

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.