Plexus Corp. (NASDAQ:PLXS) CEO Todd P. Kelsey Sells 4,000 Shares

Plexus Corp. (NASDAQ:PLXS) CEO Todd P. Kelsey sold 4,000 shares of the business’s stock in a transaction dated Monday, November 4th. The shares were sold at an average price of $148.48, for a total transaction of $593,920.00. Following the completion of the transaction, the chief executive officer now owns 81,026 shares in the company, valued at approximately $12,030,740.48. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Plexus Trading Up 10.0 %

PLXS traded up $15.15 during midday trading on Wednesday, reaching $166.77. 369,609 shares of the company were exchanged, compared to its average volume of 131,517. Plexus Corp. has a one year low of $90.18 and a one year high of $169.41. The company has a debt-to-equity ratio of 0.07, a quick ratio of 0.71 and a current ratio of 1.51. The stock has a market capitalization of $4.54 billion, a P/E ratio of 41.74 and a beta of 0.87. The stock’s 50-day simple moving average is $133.72 and its 200 day simple moving average is $118.96.

Plexus (NASDAQ:PLXS) last posted its earnings results on Wednesday, October 23rd. The technology company reported $1.85 earnings per share for the quarter, topping the consensus estimate of $1.55 by $0.30. Plexus had a return on equity of 9.51% and a net margin of 2.82%. The firm had revenue of $1.05 billion for the quarter, compared to analyst estimates of $1.01 billion. During the same period in the previous year, the company posted $1.44 earnings per share. The company’s revenue for the quarter was up 2.6% on a year-over-year basis. As a group, analysts forecast that Plexus Corp. will post 6.2 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts have recently commented on PLXS shares. Benchmark boosted their target price on Plexus from $150.00 to $165.00 and gave the stock a “buy” rating in a report on Monday, October 28th. StockNews.com downgraded shares of Plexus from a “buy” rating to a “hold” rating in a research report on Wednesday. KeyCorp assumed coverage on Plexus in a research report on Tuesday, October 22nd. They issued a “sector weight” rating on the stock. Finally, Needham & Company LLC boosted their target price on Plexus from $144.00 to $162.00 and gave the stock a “buy” rating in a research report on Friday, October 25th. Four analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $133.50.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the stock. Louisiana State Employees Retirement System raised its position in Plexus by 0.7% in the 2nd quarter. Louisiana State Employees Retirement System now owns 13,800 shares of the technology company’s stock valued at $1,424,000 after buying an additional 100 shares during the last quarter. SummerHaven Investment Management LLC lifted its position in shares of Plexus by 1.9% in the second quarter. SummerHaven Investment Management LLC now owns 7,425 shares of the technology company’s stock worth $766,000 after purchasing an additional 137 shares in the last quarter. QRG Capital Management Inc. boosted its holdings in Plexus by 4.3% during the second quarter. QRG Capital Management Inc. now owns 3,710 shares of the technology company’s stock worth $383,000 after purchasing an additional 152 shares during the last quarter. Farrow Financial Inc. grew its position in Plexus by 0.7% in the third quarter. Farrow Financial Inc. now owns 21,692 shares of the technology company’s stock valued at $2,966,000 after purchasing an additional 155 shares in the last quarter. Finally, Arizona State Retirement System increased its stake in Plexus by 2.2% in the 2nd quarter. Arizona State Retirement System now owns 7,729 shares of the technology company’s stock valued at $797,000 after buying an additional 170 shares during the last quarter. 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.