Plexus Corp. (NASDAQ:PLXS - Get Free Report) insider Steven J. Frisch sold 700 shares of the business's stock in a transaction that occurred on Wednesday, May 8th. The stock was sold at an average price of $108.19, for a total transaction of $75,733.00. Following the completion of the transaction, the insider now owns 56,113 shares of the company's stock, valued at $6,070,865.47. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.
Plexus Stock Up 0.6 %
NASDAQ PLXS opened at $107.04 on Thursday. The company has a current ratio of 1.51, a quick ratio of 0.64 and a debt-to-equity ratio of 0.15. The stock's 50 day moving average is $96.04 and its 200 day moving average is $99.02. Plexus Corp. has a 12 month low of $85.35 and a 12 month high of $114.06. The stock has a market cap of $2.95 billion, a PE ratio of 29.57 and a beta of 1.00.
Plexus (NASDAQ:PLXS - Get Free Report) last announced its quarterly earnings results on Wednesday, April 24th. The technology company reported $0.94 EPS for the quarter, topping the consensus estimate of $0.87 by $0.07. Plexus had a net margin of 2.54% and a return on equity of 10.77%. The business had revenue of $966.90 million for the quarter, compared to analysts' expectations of $950.75 million. During the same quarter in the previous year, the company earned $1.45 EPS. The business's quarterly revenue was down 9.7% compared to the same quarter last year. Research analysts predict that Plexus Corp. will post 3.61 EPS for the current fiscal year.
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Several hedge funds have recently modified their holdings of the company. Parallel Advisors LLC increased its position in Plexus by 72.3% in the fourth quarter. Parallel Advisors LLC now owns 348 shares of the technology company's stock worth $38,000 after purchasing an additional 146 shares during the last quarter. GAMMA Investing LLC bought a new stake in shares of Plexus in the 4th quarter worth about $44,000. Cetera Trust Company N.A purchased a new stake in shares of Plexus during the 4th quarter valued at about $54,000. McGlone Suttner Wealth Management Inc. bought a new position in shares of Plexus in the 4th quarter valued at about $66,000. Finally, TFO Wealth Partners LLC grew its position in Plexus by 86,050.0% in the fourth quarter. TFO Wealth Partners LLC now owns 1,723 shares of the technology company's stock worth $186,000 after acquiring an additional 1,721 shares in the last quarter. 94.45% of the stock is owned by hedge funds and other institutional investors.
Analyst Ratings Changes
Several research analysts have recently weighed in on the company. Benchmark restated a "buy" rating and issued a $110.00 price target on shares of Plexus in a research note on Wednesday, January 17th. TheStreet cut shares of Plexus from a "b" rating to a "c+" rating in a research note on Tuesday, February 13th. Stifel Nicolaus lifted their price target on shares of Plexus from $90.00 to $95.00 and gave the stock a "hold" rating in a research note on Friday, April 26th. Finally, Needham & Company LLC boosted their price objective on shares of Plexus from $107.00 to $114.00 and gave the company a "buy" rating in a report on Friday, April 26th. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, Plexus has an average rating of "Hold" and an average price target of $107.75.
Get Our Latest Analysis on Plexus
About Plexus
(
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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.
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