Plexus Corp. (NASDAQ:PLXS – Get Free Report) CEO Todd P. Kelsey sold 4,248 shares of the stock in a transaction on Wednesday, May 1st. The stock was sold at an average price of $101.67, for a total value of $431,894.16. Following the sale, the chief executive officer now directly owns 108,562 shares of the company’s stock, valued at $11,037,498.54. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.
Plexus Trading Up 1.2 %
Plexus stock opened at $102.25 on Thursday. The stock has a market cap of $2.82 billion, a PE ratio of 28.25 and a beta of 1.00. The stock has a 50-day moving average price of $94.93 and a 200 day moving average price of $98.59. Plexus Corp. has a 52 week low of $83.84 and a 52 week high of $114.06. The company has a current ratio of 1.51, a quick ratio of 0.64 and a debt-to-equity ratio of 0.15.
Plexus (NASDAQ:PLXS – Get Free Report) last posted its quarterly earnings data on Wednesday, April 24th. The technology company reported $0.94 EPS for the quarter, topping analysts’ consensus estimates of $0.87 by $0.07. The firm had revenue of $966.90 million during the quarter, compared to analysts’ expectations of $950.75 million. Plexus had a return on equity of 10.77% and a net margin of 2.54%. The firm’s quarterly revenue was down 9.7% compared to the same quarter last year. During the same quarter last year, the business posted $1.45 EPS. Equities research analysts predict that Plexus Corp. will post 3.61 earnings per share for the current fiscal year.
Analysts Set New Price Targets
Read Our Latest Research Report on Plexus
Institutional Trading of Plexus
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Capstone Investment Advisors LLC purchased a new stake in Plexus during the 1st quarter worth about $216,000. BNP Paribas Financial Markets grew its holdings in Plexus by 13.8% in the 1st quarter. BNP Paribas Financial Markets now owns 25,424 shares of the technology company’s stock valued at $2,411,000 after buying an additional 3,087 shares during the period. Principal Financial Group Inc. grew its holdings in Plexus by 0.3% in the 1st quarter. Principal Financial Group Inc. now owns 151,190 shares of the technology company’s stock valued at $14,336,000 after buying an additional 387 shares during the period. Speece Thorson Capital Group Inc. purchased a new stake in Plexus in the 1st quarter valued at about $1,612,000. Finally, AlphaMark Advisors LLC purchased a new stake in Plexus in the 1st quarter valued at about $267,000. 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.
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