Plexus (NASDAQ:PLXS) Price Target Raised to $95.00 at Stifel Nicolaus

Plexus (NASDAQ:PLXS) had its price target boosted by Stifel Nicolaus from $90.00 to $95.00 in a research report report published on Friday, Benzinga reports. They currently have a hold rating on the technology company’s stock.

Several other equities analysts have also recently issued reports on PLXS. Benchmark reiterated a buy rating and issued a $110.00 price objective on shares of Plexus in a research note on Wednesday, January 17th. TheStreet cut Plexus from a b rating to a c+ rating in a research note on Tuesday, February 13th. Sidoti cut Plexus from a buy rating to a neutral rating and set a $112.00 price objective for the company. in a research note on Tuesday, January 9th. Finally, Needham & Company LLC lifted their price objective on Plexus from $107.00 to $114.00 and gave the company a buy rating in a research note on Friday. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Plexus has an average rating of Hold and an average target price of $107.75.

Plexus Stock Performance

NASDAQ PLXS opened at $100.28 on Friday. The company has a market cap of $2.77 billion, a P/E ratio of 27.70 and a beta of 1.02. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.51 and a quick ratio of 0.62. The stock has a 50-day moving average of $94.48 and a two-hundred day moving average of $98.41. Plexus has a 1-year low of $83.84 and a 1-year high of $114.06.

Plexus (NASDAQ:PLXS) last released its earnings results on Wednesday, April 24th. The technology company reported $0.94 earnings per share for the quarter, beating the consensus estimate of $0.87 by $0.07. The company had revenue of $966.90 million during the quarter, compared to the consensus estimate of $950.75 million. Plexus had a return on equity of 10.77% and a net margin of 2.54%. Plexus’s revenue was down 9.7% compared to the same quarter last year. During the same period in the previous year, the company posted $1.45 EPS. As a group, analysts anticipate that Plexus will post 4.36 EPS for the current year.

Insider Buying and Selling

In related news, CEO Todd P. Kelsey sold 2,000 shares of the business’s stock in a transaction that occurred on Thursday, February 29th. The stock was sold at an average price of $94.00, for a total transaction of $188,000.00. Following the completion of the sale, the chief executive officer now owns 121,310 shares in the company, valued at $11,403,140. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. In related news, CEO Todd P. Kelsey sold 2,000 shares of the business’s stock in a transaction that occurred on Thursday, February 29th. The stock was sold at an average price of $94.00, for a total transaction of $188,000.00. Following the completion of the sale, the chief executive officer now owns 121,310 shares in the company, valued at $11,403,140. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CAO Angelo Michael Ninivaggi, Jr. sold 3,694 shares of the business’s stock in a transaction that occurred on Thursday, February 15th. The stock was sold at an average price of $97.18, for a total value of $358,982.92. Following the sale, the chief accounting officer now owns 40,875 shares of the company’s stock, valued at approximately $3,972,232.50. The disclosure for this sale can be found here. Insiders sold a total of 32,453 shares of company stock worth $3,112,875 over the last 90 days. 2.39% of the stock is owned by insiders.

Institutional Investors Weigh In On Plexus

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Speece Thorson Capital Group Inc. purchased a new stake in Plexus in the first quarter valued at approximately $1,612,000. AlphaMark Advisors LLC purchased a new stake in Plexus in the first quarter valued at approximately $267,000. Bridge City Capital LLC purchased a new stake in Plexus in the first quarter valued at approximately $2,149,000. Congress Asset Management Co. MA lifted its stake in Plexus by 1.1% in the first quarter. Congress Asset Management Co. MA now owns 16,273 shares of the technology company’s stock valued at $1,543,000 after buying an additional 184 shares during the last quarter. Finally, Quadrature Capital Ltd lifted its stake in Plexus by 49.9% in the fourth quarter. Quadrature Capital Ltd now owns 21,208 shares of the technology company’s stock valued at $2,287,000 after buying an additional 7,057 shares during the last quarter. Hedge funds and other 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.