Plexus Corp. (NASDAQ:PLXS) insider Patrick John Jermain sold 4,150 shares of the company’s stock in a transaction on Monday, July 24th. The shares were sold at an average price of $54.71, for a total value of $227,046.50. Following the completion of the transaction, the insider now directly owns 14,204 shares in the company, valued at approximately $777,100.84. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.
Shares of Plexus Corp. (PLXS) traded down 0.53% during mid-day trading on Thursday, reaching $54.36. 101,944 shares of the company’s stock traded hands. The firm has a market cap of $1.83 billion, a price-to-earnings ratio of 18.35 and a beta of 0.93. The company’s 50 day moving average is $52.85 and its 200-day moving average is $54.21. Plexus Corp. has a 52 week low of $43.56 and a 52 week high of $58.74.
Plexus Corp. (NASDAQ:PLXS) last announced its quarterly earnings results on Wednesday, July 19th. The technology company reported $0.74 earnings per share for the quarter, topping analysts’ consensus estimates of $0.72 by $0.02. The company had revenue of $618.80 million for the quarter, compared to analysts’ expectations of $608.95 million. Plexus Corp. had a net margin of 4.07% and a return on equity of 10.76%. The business’s quarterly revenue was down 7.3% compared to the same quarter last year. During the same period last year, the firm posted $0.82 earnings per share. Equities analysts expect that Plexus Corp. will post $3.22 earnings per share for the current fiscal year.
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Institutional investors have recently made changes to their positions in the company. NGAM Advisors L.P. bought a new stake in shares of Plexus Corp. during the second quarter worth approximately $2,143,000. Bowling Portfolio Management LLC bought a new stake in shares of Plexus Corp. during the second quarter worth approximately $534,000. Campbell & CO Investment Adviser LLC bought a new stake in shares of Plexus Corp. during the second quarter worth approximately $618,000. US Bancorp DE raised its stake in shares of Plexus Corp. by 1.2% in the second quarter. US Bancorp DE now owns 37,715 shares of the technology company’s stock worth $1,982,000 after buying an additional 447 shares during the last quarter. Finally, Vaughan Nelson Investment Management L.P. bought a new stake in shares of Plexus Corp. during the second quarter worth approximately $22,236,000. 94.92% of the stock is currently owned by institutional investors.
Several research analysts have issued reports on the company. J P Morgan Chase & Co assumed coverage on Plexus Corp. in a report on Tuesday, April 4th. They issued a “neutral” rating and a $65.00 price target on the stock. Stifel Nicolaus reaffirmed a “hold” rating and issued a $54.00 price target (up previously from $50.00) on shares of Plexus Corp. in a report on Friday, July 21st. Zacks Investment Research cut Plexus Corp. from a “hold” rating to a “sell” rating in a report on Tuesday. Deutsche Bank AG upped their price target on Plexus Corp. from $50.00 to $54.00 and gave the company a “hold” rating in a report on Friday, July 21st. Finally, Citigroup Inc. upped their price target on Plexus Corp. from $56.00 to $59.00 and gave the company a “neutral” rating in a report on Friday, July 21st. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and one has given a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $58.25.
Plexus Corp. Company Profile
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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