Patrick John Jermain Sells 2,000 Shares of Plexus Corp. (NASDAQ:PLXS) Stock

Plexus Corp. (NASDAQ:PLXS) CFO Patrick John Jermain sold 2,000 shares of the stock in a transaction dated Tuesday, May 7th. The stock was sold at an average price of $107.00, for a total transaction of $214,000.00. Following the transaction, the chief financial officer now directly owns 39,182 shares of the company’s stock, valued at approximately $4,192,474. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

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

• On Wednesday, May 1st, Patrick John Jermain sold 4,750 shares of Plexus stock. The stock was sold at an average price of $100.43, for a total transaction of $477,042.50.
• On Monday, February 12th, Patrick John Jermain sold 4,399 shares of Plexus stock. The stock was sold at an average price of $99.86, for a total value of $439,284.14.

Plexus Stock Down 0.1 %

Plexus stock traded down $0.12 during midday trading on Friday, reaching $107.31. The company’s stock had a trading volume of 2,299 shares, compared to its average volume of 118,753. Plexus Corp. has a fifty-two week low of $85.35 and a fifty-two week high of $114.06. The company has a market cap of $2.96 billion, a P/E ratio of 29.68 and a beta of 1.00. The company has a quick ratio of 0.64, a current ratio of 1.51 and a debt-to-equity ratio of 0.15. The business has a 50-day simple moving average of $96.31 and a 200-day simple moving average of $99.08.

Plexus (NASDAQ:PLXS) last posted its earnings results on Wednesday, April 24th. The technology company reported $0.94 earnings per share for the quarter, topping the consensus estimate of $0.87 by $0.07. The firm had revenue of $966.90 million during the quarter, compared to analysts’ expectations of $950.75 million. Plexus had a return on equity of 10.77% and a net margin of 2.54%. The firm’s revenue was down 9.7% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.45 earnings per share. On average, research analysts expect that Plexus Corp. will post 3.61 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

PLXS has been the subject of a number of research analyst reports. Benchmark restated a “buy” rating and set a $110.00 target price on shares of Plexus in a report on Wednesday, January 17th. TheStreet downgraded shares of Plexus from a “b” rating to a “c+” rating in a research note on Tuesday, February 13th. Stifel Nicolaus raised their price target on shares of Plexus from $90.00 to $95.00 and gave the company a “hold” rating in a research report on Friday, April 26th. Finally, Needham & Company LLC increased their price objective on Plexus from $107.00 to $114.00 and gave the company a “buy” rating in a research note on Friday, April 26th. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $107.75.

Institutional Investors Weigh In On Plexus

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Qube Research & Technologies Ltd grew its holdings in shares of Plexus by 93.7% during the third quarter. Qube Research & Technologies Ltd now owns 22,691 shares of the technology company’s stock worth $2,110,000 after purchasing an additional 10,975 shares during the last quarter. Avior Wealth Management LLC grew its stake in Plexus by 115.2% during the 4th quarter. Avior Wealth Management LLC now owns 2,118 shares of the technology company’s stock worth $229,000 after buying an additional 1,134 shares during the last quarter. Vanguard Group Inc. increased its position in Plexus by 1.4% during the third quarter. Vanguard Group Inc. now owns 3,453,940 shares of the technology company’s stock worth $321,147,000 after buying an additional 47,762 shares during the period. GAMMA Investing LLC acquired a new stake in shares of Plexus in the fourth quarter valued at approximately $44,000. Finally, Connor Clark & Lunn Investment Management Ltd. purchased a new position in shares of Plexus during the third quarter worth approximately $715,000. 94.45% of the stock is currently 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.