Randy J. Martinez Sells 887 Shares of Plexus Corp. (NASDAQ:PLXS) Stock

Plexus Corp. (NASDAQ:PLXS) Director Randy J. Martinez sold 887 shares of the firm’s stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $140.52, for a total transaction of $124,641.24. Following the completion of the transaction, the director now directly owns 4,831 shares in the company, valued at $678,852.12. This represents a 15.51 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link.

Plexus Price Performance

PLXS traded down $0.42 during trading on Thursday, reaching $139.66. The company’s stock had a trading volume of 161,783 shares, compared to its average volume of 181,160. The company has a quick ratio of 0.70, a current ratio of 1.53 and a debt-to-equity ratio of 0.07. The firm has a fifty day simple moving average of $154.27 and a two-hundred day simple moving average of $144.74. Plexus Corp. has a 1 year low of $90.18 and a 1 year high of $172.89. The company has a market cap of $3.78 billion, a price-to-earnings ratio of 32.40 and a beta of 0.89.

Plexus (NASDAQ:PLXS) last announced its quarterly 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 return on equity of 10.36% and a net margin of 3.03%. As a group, analysts anticipate that Plexus Corp. will post 5.9 EPS for the current year.

Institutional Trading of Plexus

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Disciplined Growth Investors Inc. MN increased its holdings in shares of Plexus by 2.8% during the 3rd quarter. Disciplined Growth Investors Inc. MN now owns 2,168,512 shares of the technology company’s stock worth $296,457,000 after buying an additional 59,465 shares during the last quarter. Pacer Advisors Inc. acquired a new stake in shares of Plexus during the 4th quarter worth approximately $107,489,000. Geode Capital Management LLC increased its holdings in shares of Plexus by 0.8% during the 3rd quarter. Geode Capital Management LLC now owns 653,759 shares of the technology company’s stock worth $89,392,000 after buying an additional 4,926 shares during the last quarter. American Century Companies Inc. increased its holdings in shares of Plexus by 72.2% during the 4th quarter. American Century Companies Inc. now owns 544,017 shares of the technology company’s stock worth $85,128,000 after buying an additional 228,027 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. increased its holdings in shares of Plexus by 0.7% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 421,903 shares of the technology company’s stock worth $57,678,000 after buying an additional 2,886 shares during the last quarter. Institutional investors and hedge funds own 94.45% of the company’s stock.

Analysts Set New Price Targets

PLXS has been the topic of a number of research reports. Stifel Nicolaus initiated coverage on shares of Plexus in a research note on Tuesday, February 4th. They issued a “hold” rating and a $152.00 price target on the stock. StockNews.com raised shares of Plexus from a “hold” rating to a “buy” rating in a research note on Monday, November 18th. Needham & Company LLC raised their target price on shares of Plexus from $162.00 to $172.00 and gave the stock a “buy” rating in a research note on Friday, January 24th. Finally, Benchmark reissued a “buy” rating and issued a $165.00 target price on shares of Plexus in a research note on Wednesday, January 22nd. Two analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat, the stock has a consensus 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.