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

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

Plexus Price Performance

Shares of PLXS opened at $139.19 on Friday. Plexus Corp. has a fifty-two week low of $90.18 and a fifty-two week high of $172.89. The company has a market capitalization of $3.76 billion, a price-to-earnings ratio of 32.29 and a beta of 0.89. The firm has a 50-day simple moving average of $155.93 and a 200-day simple moving average of $144.27. The company has a debt-to-equity ratio of 0.07, a quick ratio of 0.70 and a current ratio of 1.53.

Plexus (NASDAQ:PLXS) last announced its earnings results 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 return on equity of 10.36% and a net margin of 3.03%. On average, equities research analysts anticipate that Plexus Corp. will post 5.94 earnings per share for the current year.

Institutional Investors Weigh In On Plexus

Several hedge funds have recently made changes to their positions in the business. Pacer Advisors Inc. purchased a new position in shares of Plexus in the 4th quarter valued at $107,489,000. American Century Companies Inc. raised its stake in shares of Plexus by 72.2% in the 4th quarter. American Century Companies Inc. now owns 544,017 shares of the technology company’s stock valued at $85,128,000 after acquiring an additional 228,027 shares during the period. Fuller & Thaler Asset Management Inc. purchased a new position in shares of Plexus in the 4th quarter valued at $24,747,000. JPMorgan Chase & Co. raised its stake in shares of Plexus by 146.9% in the 4th quarter. JPMorgan Chase & Co. now owns 258,824 shares of the technology company’s stock valued at $40,501,000 after acquiring an additional 154,003 shares during the period. Finally, Arrowstreet Capital Limited Partnership raised its stake in shares of Plexus by 1,875.1% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 137,466 shares of the technology company’s stock valued at $21,511,000 after acquiring an additional 130,506 shares during the period. Institutional investors and hedge funds own 94.45% of the company’s stock.

Analyst Upgrades and Downgrades

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