Plexus Corp. (NASDAQ:PLXS) CFO Sells $485,899.77 in Stock

Plexus Corp. (NASDAQ:PLXS - Get Free Report) CFO Patrick John Jermain sold 3,361 shares of the company's stock in a transaction on Monday, January 27th. The shares were sold at an average price of $144.57, for a total transaction of $485,899.77. Following the sale, the chief financial officer now directly owns 20,745 shares in the company, valued at $2,999,104.65. This trade represents a 13.94 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link.

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

• On Wednesday, November 6th, Patrick John Jermain sold 2,643 shares of Plexus stock. The shares were sold at an average price of $166.32, for a total transaction of $439,583.76.

Plexus Stock Down 1.1 %

NASDAQ PLXS traded down $1.62 during trading hours on Friday, hitting $141.71. The company's stock had a trading volume of 192,061 shares, compared to its average volume of 180,248. Plexus Corp. has a 52 week low of $90.18 and a 52 week high of $172.89. The company has a market capitalization of $3.84 billion, a PE ratio of 32.88 and a beta of 0.91. 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's 50-day simple moving average is $160.77 and its two-hundred day simple moving average is $142.91.

Plexus (NASDAQ:PLXS - Get Free Report) last announced its quarterly earnings results 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%. Research analysts anticipate that Plexus Corp. will post 5.97 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages have commented on PLXS. KeyCorp began coverage on shares of Plexus in a research report on Tuesday, October 22nd. They set a "sector weight" rating on the stock. Needham & Company LLC upped their price target on shares of Plexus from $162.00 to $172.00 and gave the company a "buy" rating in a research report on Friday, January 24th. Stifel Nicolaus upped their price target on shares of Plexus from $136.00 to $150.00 and gave the company a "hold" rating in a research report on Tuesday, December 10th. Benchmark reissued a "buy" rating and set a $165.00 price objective on shares of Plexus in a research report on Wednesday, January 22nd. Finally, StockNews.com raised shares of Plexus from a "hold" rating to a "buy" rating in a research report on Monday, November 18th. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $162.33.

Hedge Funds Weigh In On Plexus

Several large investors have recently added to or reduced their stakes in the business. Blue Trust Inc. increased its stake in Plexus by 12.1% in the 4th quarter. Blue Trust Inc. now owns 776 shares of the technology company's stock valued at $121,000 after buying an additional 84 shares during the last quarter. Glenmede Trust Co. NA increased its stake in Plexus by 4.4% in the 3rd quarter. Glenmede Trust Co. NA now owns 2,453 shares of the technology company's stock valued at $335,000 after buying an additional 104 shares during the last quarter. GAMMA Investing LLC increased its stake in Plexus by 17.2% in the 4th quarter. GAMMA Investing LLC now owns 891 shares of the technology company's stock valued at $139,000 after buying an additional 131 shares during the last quarter. Farrow Financial Inc. increased its stake in Plexus by 0.7% in the 3rd quarter. Farrow Financial Inc. now owns 21,692 shares of the technology company's stock valued at $2,966,000 after buying an additional 155 shares during the last quarter. Finally, Mercer Global Advisors Inc. ADV increased its stake in Plexus by 6.7% in the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 2,788 shares of the technology company's stock valued at $288,000 after buying an additional 176 shares during the last quarter. Institutional investors own 94.45% of the company's stock.

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.