Todd P. Kelsey Sells 4,337 Shares of Plexus Corp. (NASDAQ:PLXS) Stock

Plexus Corp. (NASDAQ:PLXS) CEO Todd P. Kelsey sold 4,337 shares of Plexus stock in a transaction dated Wednesday, February 5th. The stock was sold at an average price of $142.23, for a total value of $616,851.51. Following the transaction, the chief executive officer now directly owns 80,595 shares in the company, valued at $11,463,026.85. The trade was a 5.11 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link.

Plexus Stock Down 0.3 %

Shares of NASDAQ:PLXS opened at $141.95 on Friday. 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 company has a debt-to-equity ratio of 0.07, a current ratio of 1.53 and a quick ratio of 0.70. The business’s 50-day moving average is $159.02 and its 200-day moving average is $143.55. Plexus Corp. has a 1 year low of $90.18 and a 1 year high of $172.89.

Plexus (NASDAQ:PLXS) last issued its earnings results 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 net margin of 3.03% and a return on equity of 10.36%. Equities research analysts predict that Plexus Corp. will post 5.97 earnings per share for the current year.

Institutional Trading of Plexus

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in PLXS. Pacer Advisors Inc. bought a new stake in Plexus in the 4th quarter valued at about $107,489,000. Raymond James Financial Inc. bought a new stake in Plexus in the 4th quarter valued at about $15,892,000. Disciplined Growth Investors Inc. MN increased its position in Plexus by 2.8% in the 3rd quarter. Disciplined Growth Investors Inc. MN now owns 2,168,512 shares of the technology company’s stock valued at $296,457,000 after buying an additional 59,465 shares in the last quarter. Assenagon Asset Management S.A. increased its position in Plexus by 158.0% in the 3rd quarter. Assenagon Asset Management S.A. now owns 82,575 shares of the technology company’s stock valued at $11,289,000 after buying an additional 50,564 shares in the last quarter. Finally, Algert Global LLC increased its position in Plexus by 1,546.5% in the 3rd quarter. Algert Global LLC now owns 45,790 shares of the technology company’s stock valued at $6,260,000 after buying an additional 43,009 shares in the last quarter. 94.45% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

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