Todd P. Kelsey Sells 1,500 Shares of Plexus Corp. (NASDAQ:PLXS) Stock

Plexus Corp. (NASDAQ:PLXS) CEO Todd P. Kelsey sold 1,500 shares of Plexus stock in a transaction that occurred on Monday, February 3rd. The shares were sold at an average price of $136.96, for a total transaction of $205,440.00. Following the transaction, the chief executive officer now owns 86,932 shares of the company’s stock, valued at $11,906,206.72. The trade was a 1.70 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Plexus Price Performance

NASDAQ PLXS opened at $141.95 on Friday. The company has a debt-to-equity ratio of 0.07, a quick ratio of 0.70 and a current ratio of 1.53. The company has a market capitalization of $3.84 billion, a price-to-earnings ratio of 32.94 and a beta of 0.89. The stock has a 50-day moving average of $159.02 and a 200 day moving average of $143.55. Plexus Corp. has a one year low of $90.18 and a one year high of $172.89.

Plexus (NASDAQ:PLXS) last released its quarterly earnings data on Wednesday, January 22nd. The technology company reported $1.49 earnings per share for the quarter, missing the consensus estimate of $1.59 by ($0.10). Plexus had a net margin of 3.03% and a return on equity of 10.36%. On average, sell-side analysts forecast that Plexus Corp. will post 5.97 EPS for the current year.

Hedge Funds Weigh In On Plexus

Hedge funds and other institutional investors have recently modified their holdings of the company. Raymond James Financial Inc. purchased a new stake in Plexus during the fourth quarter valued at $15,892,000. Proficio Capital Partners LLC purchased a new stake in shares of Plexus during the 4th quarter valued at about $2,277,000. Smartleaf Asset Management LLC lifted its stake in shares of Plexus by 521.6% in the 4th quarter. Smartleaf Asset Management LLC now owns 777 shares of the technology company’s stock worth $122,000 after purchasing an additional 652 shares during the period. Olympiad Research LP purchased a new position in shares of Plexus in the fourth quarter worth approximately $322,000. Finally, Handelsbanken Fonder AB grew its position in Plexus by 11.2% during the fourth quarter. Handelsbanken Fonder AB now owns 6,937 shares of the technology company’s stock valued at $1,086,000 after buying an additional 700 shares during the period. 94.45% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on PLXS shares. StockNews.com upgraded Plexus from a “hold” rating to a “buy” rating in a research note on Monday, November 18th. KeyCorp began coverage on shares of Plexus in a research note on Tuesday, October 22nd. They issued a “sector weight” rating on the stock. Benchmark reissued a “buy” rating and set a $165.00 price objective on shares of Plexus in a research report on Wednesday, January 22nd. Stifel Nicolaus started coverage on shares of Plexus in a report on Tuesday. They issued a “hold” rating and a $152.00 target price for the company. Finally, Needham & Company LLC increased their price target on shares of Plexus from $162.00 to $172.00 and gave the company a “buy” rating in a report on Friday, January 24th. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Plexus has an average rating of “Moderate Buy” and a consensus target price of $163.00.

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.