Plexus Corp. (NASDAQ:PLXS) Insider Sells $169,008.00 in Stock

Plexus Corp. (NASDAQ:PLXS) insider Frank Zycinski sold 1,200 shares of Plexus stock in a transaction that occurred on Monday, February 10th. The shares were sold at an average price of $140.84, for a total value of $169,008.00. Following the completion of the transaction, the insider now owns 723 shares in the company, valued at $101,827.32. This trade represents a 62.40 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Plexus Price Performance

Shares of NASDAQ PLXS traded down $1.46 during trading on Wednesday, hitting $139.37. 172,655 shares of the company were exchanged, compared to its average volume of 181,123. The firm’s fifty day moving average price is $157.54 and its 200 day moving average price is $144.24. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.53 and a quick ratio of 0.70. The company has a market cap of $3.77 billion, a price-to-earnings ratio of 32.34 and a beta of 0.89. Plexus Corp. has a 1 year low of $90.18 and a 1 year high of $172.89.

Plexus (NASDAQ:PLXS) last released its quarterly earnings data on Wednesday, January 22nd. The technology company reported $1.49 EPS for the quarter, missing analysts’ consensus estimates of $1.59 by ($0.10). Plexus had a return on equity of 10.36% and a net margin of 3.03%. On average, sell-side analysts expect that Plexus Corp. will post 5.94 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Plexus

A number of institutional investors and hedge funds have recently modified their holdings of PLXS. Pacer Advisors Inc. purchased a new stake in Plexus during the fourth quarter worth $107,489,000. GSA Capital Partners LLP acquired a new position in shares of Plexus during the 3rd quarter worth $899,000. Victory Capital Management Inc. raised its stake in shares of Plexus by 3.9% during the 3rd quarter. Victory Capital Management Inc. now owns 200,186 shares of the technology company’s stock worth $27,367,000 after buying an additional 7,483 shares during the last quarter. Schaper Benz & Wise Investment Counsel Inc. WI boosted its position in shares of Plexus by 62.6% in the 3rd quarter. Schaper Benz & Wise Investment Counsel Inc. WI now owns 13,346 shares of the technology company’s stock worth $1,825,000 after buying an additional 5,138 shares in the last quarter. Finally, Stifel Financial Corp acquired a new stake in Plexus in the 3rd quarter valued at about $332,000. Institutional investors and hedge funds own 94.45% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on PLXS. KeyCorp assumed coverage on shares of Plexus in a research report on Tuesday, October 22nd. They issued a “sector weight” rating on the stock. Stifel Nicolaus initiated coverage on shares of Plexus in a report on Tuesday, February 4th. They issued a “hold” rating and a $152.00 target price on the stock. Benchmark reiterated a “buy” rating and set a $165.00 price target on shares of Plexus in a research note on Wednesday, January 22nd. StockNews.com upgraded shares of Plexus from a “hold” rating to a “buy” rating in a research report on Monday, November 18th. Finally, Needham & Company LLC boosted their target price on Plexus from $162.00 to $172.00 and gave the stock a “buy” rating in a research report on Friday, January 24th. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average 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.