Angelo Michael Ninivaggi, Jr. Sells 2,250 Shares of Plexus Corp. (NASDAQ:PLXS) Stock

Plexus Corp. (NASDAQ:PLXS) CAO Angelo Michael Ninivaggi, Jr. sold 2,250 shares of Plexus stock in a transaction that occurred on Friday, May 3rd. The stock was sold at an average price of $102.66, for a total transaction of $230,985.00. Following the sale, the chief accounting officer now owns 38,560 shares of the company’s stock, valued at approximately $3,958,569.60. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.

Plexus Stock Performance

PLXS stock opened at $107.04 on Thursday. Plexus Corp. has a 1-year low of $85.35 and a 1-year high of $114.06. The business’s 50-day moving average price is $96.04 and its two-hundred day moving average price is $99.02. The firm has a market cap of $2.95 billion, a PE ratio of 29.57 and a beta of 1.00. 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) last released its quarterly earnings data on Wednesday, April 24th. The technology company reported $0.94 earnings per share for the quarter, beating the consensus estimate of $0.87 by $0.07. The business had revenue of $966.90 million for 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%. Plexus’s revenue for the quarter was down 9.7% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.45 EPS. As a group, research analysts forecast that Plexus Corp. will post 3.61 earnings per share for the current year.

Institutional Investors Weigh In On Plexus

Several large investors have recently made changes to their positions in the stock. Qube Research & Technologies Ltd boosted its stake in Plexus by 93.7% in the 3rd quarter. Qube Research & Technologies Ltd now owns 22,691 shares of the technology company’s stock worth $2,110,000 after purchasing an additional 10,975 shares during the period. Avior Wealth Management LLC raised its position in Plexus by 115.2% in the 4th quarter. Avior Wealth Management LLC now owns 2,118 shares of the technology company’s stock valued at $229,000 after buying an additional 1,134 shares during the last quarter. Vanguard Group Inc. lifted its stake in Plexus by 1.4% in the 3rd quarter. Vanguard Group Inc. now owns 3,453,940 shares of the technology company’s stock valued at $321,147,000 after acquiring an additional 47,762 shares in the last quarter. GAMMA Investing LLC acquired a new position in Plexus during the 4th quarter worth approximately $44,000. Finally, Connor Clark & Lunn Investment Management Ltd. bought a new position in shares of Plexus during the 3rd quarter worth approximately $715,000. Institutional investors own 94.45% of the company’s stock.

Analysts Set New Price Targets

PLXS has been the subject of a number of analyst reports. Benchmark reaffirmed a “buy” rating and set a $110.00 target price on shares of Plexus in a report on Wednesday, January 17th. Stifel Nicolaus upped their price objective on Plexus from $90.00 to $95.00 and gave the company a “hold” rating in a report on Friday, April 26th. Needham & Company LLC raised their target price on Plexus from $107.00 to $114.00 and gave the stock a “buy” rating in a report on Friday, April 26th. Finally, TheStreet cut Plexus from a “b” rating to a “c+” rating in a research note on Tuesday, February 13th. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average price target of $107.75.

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.