Plexus Corp. (NASDAQ:PLXS) Given Consensus Recommendation of "Hold" by Brokerages

Shares of Plexus Corp. (NASDAQ:PLXS - Get Free Report) have received a consensus recommendation of "Hold" from the five analysts that are covering the stock, Marketbeat.com reports. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is $147.25.

A number of brokerages have recently issued reports on PLXS. StockNews.com raised shares of Plexus from a "hold" rating to a "buy" rating in a report on Monday, November 18th. Stifel Nicolaus lifted their target price on Plexus from $136.00 to $150.00 and gave the stock a "hold" rating in a research note on Tuesday. Needham & Company LLC boosted their target price on Plexus from $144.00 to $162.00 and gave the stock a "buy" rating in a report on Friday, October 25th. Benchmark lifted their price objective on shares of Plexus from $150.00 to $165.00 and gave the stock a "buy" rating in a research report on Monday, October 28th. Finally, KeyCorp started coverage on shares of Plexus in a research note on Tuesday, October 22nd. They set a "sector weight" rating for the company.

Insider Transactions at Plexus

In related news, CAO Angelo Michael Ninivaggi, Jr. sold 3,113 shares of the stock in a transaction that occurred on Tuesday, October 29th. The shares were sold at an average price of $144.19, for a total transaction of $448,863.47. Following the sale, the chief accounting officer now owns 35,323 shares in the company, valued at approximately $5,093,223.37. This trade represents a 8.10 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Patrick John Jermain sold 5,045 shares of the business's stock in a transaction that occurred on Monday, October 28th. The shares were sold at an average price of $143.13, for a total transaction of $722,090.85. Following the transaction, the chief financial officer now owns 24,602 shares of the company's stock, valued at approximately $3,521,284.26. This represents a 17.02 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 32,591 shares of company stock valued at $5,143,375. 2.39% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Plexus

A number of institutional investors have recently modified their holdings of the business. American Century Companies Inc. increased its position in Plexus by 204.3% during the 2nd quarter. American Century Companies Inc. now owns 158,032 shares of the technology company's stock worth $16,306,000 after purchasing an additional 106,103 shares in the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. increased its holdings in shares of Plexus by 8.8% during the second quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 1,079,340 shares of the technology company's stock worth $111,366,000 after buying an additional 87,574 shares in the last quarter. Disciplined Growth Investors Inc. MN lifted its stake in shares of Plexus by 2.8% in the 3rd quarter. Disciplined Growth Investors Inc. MN now owns 2,168,512 shares of the technology company's stock valued at $296,457,000 after acquiring an additional 59,465 shares during the last quarter. Assenagon Asset Management S.A. boosted its holdings in shares of Plexus by 158.0% during the 3rd quarter. Assenagon Asset Management S.A. now owns 82,575 shares of the technology company's stock valued at $11,289,000 after acquiring an additional 50,564 shares in the last quarter. Finally, Algert Global LLC grew its position in Plexus by 1,546.5% during the 3rd quarter. Algert Global LLC now owns 45,790 shares of the technology company's stock worth $6,260,000 after acquiring an additional 43,009 shares during the last quarter. Institutional investors and hedge funds own 94.45% of the company's stock.

Plexus Stock Up 0.0 %

Shares of NASDAQ:PLXS traded up $0.05 during midday trading on Wednesday, reaching $166.62. The company had a trading volume of 164,473 shares, compared to its average volume of 135,830. The business's 50 day moving average price is $150.96 and its 200 day moving average price is $128.99. Plexus has a 1-year low of $90.18 and a 1-year high of $170.07. The company has a quick ratio of 0.71, a current ratio of 1.51 and a debt-to-equity ratio of 0.07. The stock has a market cap of $4.51 billion, a PE ratio of 41.54 and a beta of 0.90.

Plexus (NASDAQ:PLXS - Get Free Report) last released its quarterly earnings data on Wednesday, October 23rd. The technology company reported $1.85 EPS for the quarter, beating the consensus estimate of $1.55 by $0.30. The company had revenue of $1.05 billion during 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%. The firm's revenue for the quarter was up 2.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.44 EPS. Research analysts forecast that Plexus will post 6.14 EPS for the current fiscal year.

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.