Plexus Corp. (NASDAQ:PLXS) Chairman Dean A. Foate sold 5,459 shares of Plexus stock in a transaction that occurred on Wednesday, July 29th. The stock was sold at an average price of $73.51, for a total transaction of $401,291.09. Following the sale, the chairman now owns 137,051 shares in the company, valued at $10,074,619.01. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.

NASDAQ:PLXS opened at $74.29 on Friday. The company has a fifty day moving average of $68.27 and a 200-day moving average of $65.17. The firm has a market capitalization of $2.17 billion, a P/E ratio of 19.10 and a beta of 1.05. The company has a quick ratio of 0.93, a current ratio of 1.72 and a debt-to-equity ratio of 0.24. Plexus Corp. has a twelve month low of $35.16 and a twelve month high of $86.53.

Plexus (NASDAQ:PLXS) last released its quarterly earnings data on Wednesday, July 22nd. The technology company reported $1.20 earnings per share for the quarter, beating the consensus estimate of $0.75 by $0.45. The company had revenue of $857.39 million during the quarter, compared to analyst estimates of $801.94 million. Plexus had a net margin of 3.55% and a return on equity of 12.41%. On average, analysts anticipate that Plexus Corp. will post 3.93 EPS for the current fiscal year.

Several research firms have issued reports on PLXS. Needham & Company LLC raised their price target on shares of Plexus from $67.00 to $82.00 and gave the stock a “buy” rating in a report on Friday, July 24th. JPMorgan Chase & Co. raised their price target on shares of Plexus from $67.00 to $72.00 and gave the stock an “overweight” rating in a report on Wednesday, April 15th. Stifel Nicolaus raised their price target on shares of Plexus from $60.00 to $80.00 and gave the stock a “hold” rating in a report on Friday, July 24th. BidaskClub upgraded shares of Plexus from a “hold” rating to a “buy” rating in a report on Saturday, July 11th. Finally, TheStreet upgraded shares of Plexus from a “c+” rating to a “b” rating in a report on Wednesday, July 22nd. One research analyst has rated the stock with a sell rating, two have given a hold rating and six have given a buy rating to the stock. Plexus presently has a consensus rating of “Buy” and a consensus target price of $80.67.

A number of hedge funds have recently made changes to their positions in PLXS. Meeder Asset Management Inc. increased its stake in Plexus by 1,231.6% during the 1st quarter. Meeder Asset Management Inc. now owns 759 shares of the technology company’s stock valued at $41,000 after purchasing an additional 702 shares in the last quarter. Advisor Group Holdings Inc. purchased a new position in Plexus during the 1st quarter worth $68,000. Point72 Asset Management L.P. purchased a new position in shares of Plexus in the 4th quarter worth about $71,000. Northwestern Mutual Wealth Management Co. boosted its holdings in shares of Plexus by 201.6% in the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 1,734 shares of the technology company’s stock worth $95,000 after buying an additional 1,159 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in shares of Plexus by 44.5% in the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,616 shares of the technology company’s stock worth $143,000 after buying an additional 805 shares during the last quarter. Institutional investors and hedge funds own 95.26% of the company’s stock.

Plexus Company Profile

Plexus Corp., together with its subsidiaries, provides electronic manufacturing services in the Americas, Europe, the Middle East, Africa, and the Asia-Pacific. It offers design and development, supply chain, new product introduction, and manufacturing solutions, as well as aftermarket services. The company provides its solutions to companies in the healthcare and life sciences, industrial and commercial, communications, and aerospace and defense sectors.

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Insider Buying and Selling by Quarter for Plexus (NASDAQ:PLXS)

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