Plexus Corp. (NASDAQ:PLXS) CEO Todd P. Kelsey Sells 4,337 Shares

Plexus Corp. (NASDAQ:PLXS) CEO Todd P. Kelsey sold 4,337 shares of the business’s stock in a transaction dated Wednesday, February 5th. The stock was sold at an average price of $142.23, for a total transaction of $616,851.51. Following the completion of the sale, the chief executive officer now directly owns 80,595 shares of the company’s stock, valued at $11,463,026.85. The trade was a 5.11 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Plexus Stock Down 0.6 %

PLXS stock opened at $141.13 on Friday. Plexus Corp. has a 52-week low of $90.18 and a 52-week high of $172.89. The company’s 50 day simple moving average is $159.02 and its 200-day simple moving average is $143.55. 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 firm has a market capitalization of $3.82 billion, a P/E ratio of 32.74 and a beta of 0.89.

Plexus (NASDAQ:PLXS) last released 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%. As a group, equities research analysts anticipate that Plexus Corp. will post 5.97 EPS for the current year.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on PLXS. Needham & Company LLC boosted their price objective on shares of Plexus from $162.00 to $172.00 and gave the company a “buy” rating in a research report on Friday, January 24th. StockNews.com raised shares of Plexus from a “hold” rating to a “buy” rating in a research note on Monday, November 18th. Benchmark reiterated a “buy” rating and issued a $165.00 target price on shares of Plexus in a report on Wednesday, January 22nd. KeyCorp began coverage on shares of Plexus in a report on Tuesday, October 22nd. They issued a “sector weight” rating on the stock. Finally, Stifel Nicolaus assumed coverage on shares of Plexus in a report on Tuesday. They issued a “hold” rating and a $152.00 target price on the stock. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $163.00.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the stock. HighTower Advisors LLC increased its stake in Plexus by 10.3% in the 4th quarter. HighTower Advisors LLC now owns 2,975 shares of the technology company’s stock valued at $466,000 after buying an additional 278 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in Plexus by 21.9% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,140 shares of the technology company’s stock valued at $1,117,000 after buying an additional 1,284 shares during the period. Sowell Financial Services LLC acquired a new position in Plexus in the 4th quarter valued at approximately $2,140,000. AlphaQuest LLC acquired a new position in Plexus in the 4th quarter valued at approximately $1,516,000. Finally, Amundi increased its stake in Plexus by 192.1% in the 4th quarter. Amundi now owns 14,000 shares of the technology company’s stock valued at $2,289,000 after buying an additional 9,207 shares during the period. Institutional investors and hedge funds 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.