Steven J. Frisch Sells 4,005 Shares of Plexus Corp. (NASDAQ:PLXS) Stock

Plexus Corp. (NASDAQ:PLXSGet Free Report) insider Steven J. Frisch sold 4,005 shares of the stock in a transaction dated Friday, May 10th. The stock was sold at an average price of $107.55, for a total value of $430,737.75. Following the transaction, the insider now owns 49,308 shares of the company’s stock, valued at approximately $5,303,075.40. The transaction was disclosed in a filing with the SEC, which is available at this link.

Plexus Trading Up 0.8 %

Shares of PLXS stock opened at $108.12 on Wednesday. Plexus Corp. has a 12-month low of $85.59 and a 12-month high of $114.06. The company has a market capitalization of $2.96 billion, a PE ratio of 29.87 and a beta of 1.00. The firm has a 50 day moving average price of $97.13 and a two-hundred day moving average price of $99.55. The company has a quick ratio of 0.64, a current ratio of 1.51 and a debt-to-equity ratio of 0.15.

Plexus (NASDAQ:PLXSGet Free Report) last released its quarterly earnings results on Wednesday, April 24th. The technology company reported $0.94 earnings per share for the quarter, topping the consensus estimate of $0.87 by $0.07. Plexus had a return on equity of 10.77% and a net margin of 2.54%. The business had revenue of $966.90 million during the quarter, compared to analysts’ expectations of $950.75 million. During the same period last year, the firm posted $1.45 EPS. The firm’s revenue for the quarter was down 9.7% compared to the same quarter last year. As a group, analysts predict that Plexus Corp. will post 3.81 earnings per share for the current year.

Wall Street Analysts Forecast Growth

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

View Our Latest Stock Analysis on Plexus

Hedge Funds Weigh In On Plexus

Several institutional investors and hedge funds have recently modified their holdings of PLXS. Vanguard Group Inc. raised its stake in Plexus by 2.2% in the 1st quarter. Vanguard Group Inc. now owns 3,515,866 shares of the technology company’s stock worth $333,374,000 after purchasing an additional 74,988 shares in the last quarter. Fiduciary Management Inc. WI boosted its stake in shares of Plexus by 3.8% in the fourth quarter. Fiduciary Management Inc. WI now owns 1,226,917 shares of the technology company’s stock valued at $132,667,000 after buying an additional 44,398 shares during the period. BNP PARIBAS ASSET MANAGEMENT Holding S.A. grew its position in Plexus by 3.9% during the first quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 991,766 shares of the technology company’s stock worth $94,040,000 after buying an additional 36,913 shares in the last quarter. BNP Paribas Asset Management Holding S.A. increased its stake in Plexus by 0.9% during the 4th quarter. BNP Paribas Asset Management Holding S.A. now owns 954,853 shares of the technology company’s stock worth $103,248,000 after acquiring an additional 8,243 shares during the period. Finally, Massachusetts Financial Services Co. MA raised its holdings in Plexus by 0.7% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 484,095 shares of the technology company’s stock valued at $45,011,000 after acquiring an additional 3,459 shares in the last quarter. 94.45% of the stock is currently owned by institutional investors and hedge funds.

Plexus Company Profile

(Get Free Report)

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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Insider Buying and Selling by Quarter for Plexus (NASDAQ:PLXS)

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