Todd P. Kelsey Sells 2,000 Shares of Plexus Corp. (NASDAQ:PLXS) Stock

Plexus Corp. (NASDAQ:PLXS) CEO Todd P. Kelsey sold 2,000 shares of Plexus stock in a transaction that occurred on Wednesday, February 19th. The stock was sold at an average price of $140.00, for a total value of $280,000.00. Following the transaction, the chief executive officer now directly owns 87,665 shares in the company, valued at approximately $12,273,100. This trade represents a 2.23 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Plexus Trading Down 1.7 %

NASDAQ:PLXS opened at $137.34 on Friday. The firm has a market cap of $3.71 billion, a P/E ratio of 31.87 and a beta of 0.89. The company has a current ratio of 1.53, a quick ratio of 0.70 and a debt-to-equity ratio of 0.07. The stock’s 50 day simple moving average is $153.12 and its 200-day simple moving average is $144.86. Plexus Corp. has a 12-month low of $90.18 and a 12-month high of $172.89.

Plexus (NASDAQ:PLXS) last released its earnings results on Wednesday, January 22nd. The technology company reported $1.49 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.59 by ($0.10). Plexus had a net margin of 3.03% and a return on equity of 10.36%. Equities analysts anticipate that Plexus Corp. will post 5.9 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. TD Private Client Wealth LLC acquired a new position in Plexus during the fourth quarter worth $28,000. Quarry LP grew its holdings in Plexus by 573.5% during the third quarter. Quarry LP now owns 229 shares of the technology company’s stock worth $31,000 after acquiring an additional 195 shares during the period. Aquatic Capital Management LLC grew its holdings in Plexus by 134.0% during the fourth quarter. Aquatic Capital Management LLC now owns 234 shares of the technology company’s stock worth $37,000 after acquiring an additional 134 shares during the period. R Squared Ltd acquired a new position in Plexus during the fourth quarter worth $45,000. Finally, Nomura Asset Management Co. Ltd. grew its holdings in Plexus by 45.5% during the fourth quarter. Nomura Asset Management Co. Ltd. now owns 320 shares of the technology company’s stock worth $50,000 after acquiring an additional 100 shares during the period. Institutional investors and hedge funds own 94.45% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have commented on the company. StockNews.com raised Plexus from a “hold” rating to a “buy” rating in a research report on Monday, November 18th. Needham & Company LLC lifted their price target on Plexus from $162.00 to $172.00 and gave the stock a “buy” rating in a research report on Friday, January 24th. Benchmark reaffirmed a “buy” rating and set a $165.00 price target on shares of Plexus in a research report on Wednesday, January 22nd. Finally, Stifel Nicolaus began coverage on Plexus in a research report on Tuesday, February 4th. They set a “hold” rating and a $152.00 price target on the stock. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $163.00.

Plexus Company Profile

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.