Plexus Corp. (NASDAQ:PLXS) VP Ronnie Darroch sold 1,216 shares of the company’s stock in a transaction that occurred on Monday, July 27th. The shares were sold at an average price of $73.02, for a total value of $88,792.32. Following the sale, the vice president now directly owns 6,594 shares of the company’s stock, valued at $481,493.88. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Ronnie Darroch also recently made the following trade(s):

  • On Monday, May 4th, Ronnie Darroch sold 1,702 shares of Plexus stock. The shares were sold at an average price of $59.85, for a total value of $101,864.70.

PLXS opened at $74.29 on Friday. The stock has a market cap of $2.17 billion, a P/E ratio of 19.10 and a beta of 1.05. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.72 and a quick ratio of 0.93. The stock’s 50 day simple moving average is $68.27 and its 200 day simple moving average is $65.17. Plexus Corp. has a 1-year low of $35.16 and a 1-year high of $86.53.

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

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Goldman Sachs Group Inc. grew its holdings in Plexus by 18.1% during the 4th quarter. Goldman Sachs Group Inc. now owns 129,170 shares of the technology company’s stock valued at $9,938,000 after buying an additional 19,799 shares during the last quarter. Envestnet Asset Management Inc. grew its holdings in Plexus by 10.6% during the 2nd quarter. Envestnet Asset Management Inc. now owns 25,192 shares of the technology company’s stock valued at $1,778,000 after buying an additional 2,423 shares during the last quarter. Norges Bank acquired a new stake in Plexus during the 4th quarter valued at $32,762,000. BNP Paribas Arbitrage SA boosted its holdings in shares of Plexus by 128.4% during the first quarter. BNP Paribas Arbitrage SA now owns 24,732 shares of the technology company’s stock worth $1,349,000 after purchasing an additional 13,905 shares during the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its holdings in shares of Plexus by 48.4% during the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 14,681 shares of the technology company’s stock worth $801,000 after purchasing an additional 4,789 shares during the last quarter. Institutional investors and hedge funds own 95.26% of the company’s stock.

Several analysts have commented on the company. ValuEngine downgraded Plexus from a “hold” rating to a “sell” rating in a research note on Thursday, July 23rd. Zacks Investment Research raised Plexus from a “hold” rating to a “buy” rating and set a $76.00 target price for the company in a research note on Monday, July 27th. Loop Capital increased their target price on Plexus from $78.00 to $91.00 and gave the stock a “buy” rating in a research note on Friday, July 24th. Needham & Company LLC increased their target price on Plexus from $67.00 to $82.00 and gave the stock a “buy” rating in a research note on Friday, July 24th. Finally, TheStreet raised Plexus from a “c+” rating to a “b” rating in a research note on Wednesday, July 22nd. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and six have given a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $80.67.

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.

Further Reading: Trading based on a resistance level

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

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