Plexus Corp. (NASDAQ:PLXS) insider Oliver K. Mihm sold 2,749 shares of the firm’s stock in a transaction that occurred on Thursday, July 20th. The stock was sold at an average price of $54.87, for a total transaction of $150,837.63. Following the sale, the insider now directly owns 6,223 shares in the company, valued at approximately $341,456.01. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
Plexus Corp. (NASDAQ PLXS) opened at 54.46 on Friday. The stock’s 50 day moving average is $52.66 and its 200-day moving average is $54.20. Plexus Corp. has a 12 month low of $43.56 and a 12 month high of $58.74. The stock has a market capitalization of $1.83 billion, a price-to-earnings ratio of 18.39 and a beta of 0.93.
Plexus Corp. (NASDAQ:PLXS) last posted its quarterly earnings results on Wednesday, July 19th. The technology company reported $0.74 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.72 by $0.02. The business had revenue of $618.80 million for the quarter, compared to analyst estimates of $608.95 million. Plexus Corp. had a return on equity of 10.76% and a net margin of 4.07%. The business’s revenue was down 7.3% compared to the same quarter last year. During the same period in the prior year, the company posted $0.82 EPS. On average, equities research analysts expect that Plexus Corp. will post $3.23 earnings per share for the current year.
Several large investors have recently bought and sold shares of the stock. Thrivent Financial for Lutherans raised its stake in shares of Plexus Corp. by 6.4% in the fourth quarter. Thrivent Financial for Lutherans now owns 18,070 shares of the technology company’s stock valued at $976,000 after buying an additional 1,090 shares in the last quarter. Norges Bank bought a new stake in shares of Plexus Corp. during the fourth quarter valued at $22,421,000. Teachers Advisors LLC raised its stake in shares of Plexus Corp. by 17.1% in the fourth quarter. Teachers Advisors LLC now owns 62,668 shares of the technology company’s stock valued at $3,387,000 after buying an additional 9,153 shares in the last quarter. Louisiana State Employees Retirement System raised its stake in shares of Plexus Corp. by 1.5% in the first quarter. Louisiana State Employees Retirement System now owns 13,700 shares of the technology company’s stock valued at $792,000 after buying an additional 200 shares in the last quarter. Finally, State of Alaska Department of Revenue raised its stake in shares of Plexus Corp. by 2.8% in the first quarter. State of Alaska Department of Revenue now owns 3,720 shares of the technology company’s stock valued at $215,000 after buying an additional 100 shares in the last quarter. 93.60% of the stock is currently owned by institutional investors and hedge funds.
PLXS has been the topic of a number of research analyst reports. J P Morgan Chase & Co initiated coverage on shares of Plexus Corp. in a report on Tuesday, April 4th. They set a “neutral” rating and a $65.00 price objective on the stock. Royal Bank Of Canada reissued a “sector perform” rating and set a $57.00 price objective on shares of Plexus Corp. in a report on Saturday, April 22nd. Zacks Investment Research cut shares of Plexus Corp. from a “hold” rating to a “sell” rating in a report on Monday, April 24th. BidaskClub cut shares of Plexus Corp. from a “buy” rating to a “hold” rating in a report on Thursday, June 15th. Finally, ValuEngine cut shares of Plexus Corp. from a “buy” rating to a “hold” rating in a report on Friday, July 14th. Ten investment analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. Plexus Corp. has a consensus rating of “Hold” and an average target price of $58.25.
About Plexus Corp.
Plexus Corp. (Plexus) and its subsidiaries are engaged in the electronic manufacturing services (EMS) industry. The Company 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.
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