Plexus Corp. (NASDAQ:PLXS) CEO Todd P. Kelsey Sells 1,500 Shares of Stock

Plexus Corp. (NASDAQ:PLXS) CEO Todd P. Kelsey sold 1,500 shares of the business’s stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $136.96, for a total value of $205,440.00. Following the transaction, the chief executive officer now owns 86,932 shares in the company, valued at approximately $11,906,206.72. This trade represents a 1.70 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Plexus Price Performance

PLXS stock opened at $142.39 on Thursday. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.53 and a quick ratio of 0.70. The business has a 50 day simple moving average of $159.43 and a 200-day simple moving average of $143.56. The firm has a market capitalization of $3.86 billion, a PE ratio of 33.04 and a beta of 0.89. Plexus Corp. has a 1 year low of $90.18 and a 1 year high of $172.89.

Plexus (NASDAQ:PLXS) last posted its quarterly earnings results on Wednesday, January 22nd. The technology company reported $1.49 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.59 by ($0.10). Plexus had a net margin of 3.03% and a return on equity of 10.36%. Equities research analysts anticipate that Plexus Corp. will post 5.97 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

PLXS has been the subject of a number of research reports. Needham & Company LLC lifted their price target on Plexus from $162.00 to $172.00 and gave the stock a “buy” rating in a research report on Friday, January 24th. KeyCorp initiated coverage on Plexus in a research report on Tuesday, October 22nd. They set a “sector weight” rating for the company. Stifel Nicolaus initiated coverage on Plexus in a research report on Tuesday. They set a “hold” rating and a $152.00 price target for the company. StockNews.com raised Plexus from a “hold” rating to a “buy” rating in a research report on Monday, November 18th. Finally, Benchmark reaffirmed a “buy” rating and set a $165.00 price target on shares of Plexus in a research report on Wednesday, January 22nd. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, Plexus currently has a consensus rating of “Moderate Buy” and a consensus target price of $163.00.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the company. Pacer Advisors Inc. acquired a new stake in shares of Plexus in the fourth quarter valued at $107,489,000. GSA Capital Partners LLP acquired a new stake in shares of Plexus in the third quarter valued at $899,000. Victory Capital Management Inc. raised its stake in shares of Plexus by 3.9% in the third quarter. Victory Capital Management Inc. now owns 200,186 shares of the technology company’s stock valued at $27,367,000 after acquiring an additional 7,483 shares in the last quarter. Schaper Benz & Wise Investment Counsel Inc. WI raised its stake in shares of Plexus by 62.6% in the third quarter. Schaper Benz & Wise Investment Counsel Inc. WI now owns 13,346 shares of the technology company’s stock valued at $1,825,000 after acquiring an additional 5,138 shares in the last quarter. Finally, Stifel Financial Corp acquired a new stake in shares of Plexus in the third quarter valued at $332,000. 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.