Plexus Corp. (NASDAQ:PLXS - Get Free Report) insider Victor (Pang Hau) Tan sold 2,000 shares of the company's stock in a transaction that occurred on Thursday, May 2nd. The stock was sold at an average price of $102.50, for a total transaction of $205,000.00. Following the transaction, the insider now directly owns 12,605 shares of the company's stock, valued at approximately $1,292,012.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
Plexus Trading Up 1.8 %
NASDAQ PLXS opened at $105.99 on Tuesday. The stock has a market cap of $2.93 billion, a P/E ratio of 29.28 and a beta of 1.00. The company's fifty day simple moving average is $95.51 and its 200-day simple moving average is $98.85. 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 Corp. has a 52 week low of $84.99 and a 52 week high of $114.06.
Plexus (NASDAQ:PLXS - Get Free Report) last released its quarterly earnings results on Wednesday, April 24th. The technology company reported $0.94 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.87 by $0.07. The firm had revenue of $966.90 million for the quarter, compared to the consensus estimate of $950.75 million. Plexus had a net margin of 2.54% and a return on equity of 10.77%. The firm's quarterly revenue was down 9.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.45 EPS. Equities research analysts predict that Plexus Corp. will post 3.61 EPS for the current fiscal year.
Wall Street Analysts Forecast Growth
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Several brokerages recently weighed in on PLXS. Sidoti lowered Plexus from a "buy" rating to a "neutral" rating and set a $112.00 target price on the stock. in a research report on Tuesday, January 9th. Stifel Nicolaus raised their price objective on Plexus from $90.00 to $95.00 and gave the stock a "hold" 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. Needham & Company LLC raised their price target on shares of Plexus from $107.00 to $114.00 and gave the company a "buy" rating in a report on Friday, April 26th. Finally, Benchmark reiterated a "buy" rating and set a $110.00 price objective on shares of Plexus in a research note on Wednesday, January 17th. Three analysts have rated the stock with a hold rating and two have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $107.75.
Get Our Latest Stock Report on PLXS
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently bought and sold shares of PLXS. Parallel Advisors LLC increased its holdings in Plexus by 72.3% during the 4th 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 acquired a new stake in Plexus in the fourth quarter valued at $44,000. Cetera Trust Company N.A bought a new position in Plexus during the 4th quarter valued at $54,000. McGlone Suttner Wealth Management Inc. acquired a new position in Plexus during the 4th quarter worth $66,000. Finally, TFO Wealth Partners LLC increased its position in shares of Plexus by 86,050.0% in the 4th quarter. TFO Wealth Partners LLC now owns 1,723 shares of the technology company's stock worth $186,000 after purchasing an additional 1,721 shares during the last quarter. 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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