Plexus Corp. (NASDAQ:PLXS) Chairman Dean A. Foate sold 8,658 shares of the firm’s stock in a transaction dated Monday, July 25th. The stock was sold at an average price of $45.56, for a total transaction of $394,458.48. Following the sale, the chairman now owns 188,258 shares of the company’s stock, valued at approximately $8,577,034.48. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.
A number of institutional investors have modified their holdings of PLXS. California State Teachers Retirement System raised its position in shares of Plexus Corp. by 1.6% in the fourth quarter. California State Teachers Retirement System now owns 62,275 shares of the company’s stock worth $2,175,000 after buying an additional 1,000 shares during the period. Sei Investments Co. acquired a new position in shares of Plexus Corp. during the fourth quarter worth $2,085,000. Finally, Rhumbline Advisers raised its position in shares of Plexus Corp. by 4.5% in the fourth quarter. Rhumbline Advisers now owns 52,798 shares of the company’s stock worth $1,844,000 after buying an additional 2,290 shares during the period.
A number of analysts recently issued reports on PLXS shares. Citigroup Inc. raised their price objective on shares of Plexus Corp. from $45.00 to $50.00 and gave the stock a “neutral” rating in a report on Thursday, June 9th. Zacks Investment Research upgraded shares of Plexus Corp. from a “hold” rating to a “buy” rating and set a $47.00 price objective for the company in a report on Monday, April 25th. Needham & Company LLC restated a “buy” rating and set a $45.00 price objective (up previously from $38.00) on shares of Plexus Corp. in a report on Friday, April 22nd. Royal Bank Of Canada raised their price objective on shares of Plexus Corp. from $38.00 to $43.00 and gave the stock a “sector perform” rating in a report on Friday, April 22nd. Finally, B. Riley downgraded shares of Plexus Corp. from a “buy” rating to a “neutral” rating and set a $50.00 price objective for the company. in a report on Friday, July 22nd. Six equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $47.14.
Plexus Corp. (NASDAQ:PLXS) last issued its earnings results on Wednesday, July 20th. The company reported $0.82 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.77 by $0.05. During the same period last year, the firm posted $0.69 EPS. The business earned $667.60 million during the quarter, compared to analysts’ expectations of $655.37 million. Plexus Corp.’s quarterly revenue was down .3% compared to the same quarter last year. Equities analysts predict that Plexus Corp. will post $2.64 earnings per share for the current fiscal year.
Plexus Corp. (Plexus) and its subsidiaries are engaged in the electronic manufacturing services (EMS) industry. Plexus delivers end-to-end solutions for customers in the Americas (AMER); Europe, Middle East and Africa (EMEA), and Asia-Pacific (APAC) regions. The Company’s segments are AMER, APAC and EMEA.
