Plexus Corp. (NASDAQ:PLXS) VP Steven J. Frisch sold 5,000 shares of Plexus Corp. stock in a transaction that occurred on Monday, November 6th. The stock was sold at an average price of $60.59, for a total transaction of $302,950.00. Following the sale, the vice president now owns 22,978 shares of the company’s stock, valued at approximately $1,392,237.02. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.
Plexus Corp. (NASDAQ:PLXS) opened at $61.07 on Friday. The stock has a market cap of $2,045.65, a P/E ratio of 18.87 and a beta of 0.90. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.06 and a current ratio of 1.78. Plexus Corp. has a 1-year low of $47.55 and a 1-year high of $62.56.
Plexus Corp. (NASDAQ:PLXS) last issued its quarterly earnings data on Wednesday, October 25th. The technology company reported $0.84 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.82 by $0.02. Plexus Corp. had a net margin of 4.43% and a return on equity of 11.48%. The firm had revenue of $670.00 million during the quarter, compared to analysts’ expectations of $676.23 million. During the same quarter in the previous year, the company earned $0.82 earnings per share. The business’s revenue for the quarter was up 2.6% on a year-over-year basis. equities analysts forecast that Plexus Corp. will post 3.41 EPS for the current year.
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A number of institutional investors and hedge funds have recently made changes to their positions in the business. BlackRock Inc. lifted its stake in Plexus Corp. by 50,519.1% in the first quarter. BlackRock Inc. now owns 4,267,193 shares of the technology company’s stock valued at $246,644,000 after buying an additional 4,258,763 shares in the last quarter. Vanguard Group Inc. lifted its stake in Plexus Corp. by 1.7% in the second quarter. Vanguard Group Inc. now owns 3,310,813 shares of the technology company’s stock valued at $174,049,000 after buying an additional 53,925 shares in the last quarter. Disciplined Growth Investors Inc. MN lifted its stake in Plexus Corp. by 0.5% in the second quarter. Disciplined Growth Investors Inc. MN now owns 3,038,867 shares of the technology company’s stock valued at $159,753,000 after buying an additional 16,329 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in Plexus Corp. by 5.8% in the second quarter. Dimensional Fund Advisors LP now owns 2,817,137 shares of the technology company’s stock valued at $148,098,000 after buying an additional 155,417 shares in the last quarter. Finally, FMR LLC lifted its stake in Plexus Corp. by 546.1% in the second quarter. FMR LLC now owns 1,111,655 shares of the technology company’s stock valued at $58,440,000 after buying an additional 939,589 shares in the last quarter. 92.92% of the stock is currently owned by hedge funds and other institutional investors.
Several equities research analysts have recently commented on PLXS shares. J P Morgan Chase & Co upgraded shares of Plexus Corp. from a “neutral” rating to an “overweight” rating and set a $62.00 price target for the company in a research report on Monday, August 28th. Deutsche Bank AG lifted their price target on shares of Plexus Corp. from $50.00 to $54.00 and gave the stock a “hold” rating in a research report on Friday, July 21st. ValuEngine upgraded shares of Plexus Corp. from a “hold” rating to a “buy” rating in a research report on Friday, September 22nd. BidaskClub cut shares of Plexus Corp. from a “hold” rating to a “sell” rating in a report on Saturday, August 5th. Finally, Citigroup Inc. boosted their price objective on shares of Plexus Corp. from $56.00 to $59.00 and gave the company a “neutral” rating in a report on Friday, July 21st. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and two have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $57.86.
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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