Dean A. Foate Sells 16,925 Shares of Plexus Corp. (NASDAQ:PLXS) Stock

Plexus Corp. (NASDAQ:PLXS) Chairman Dean A. Foate sold 16,925 shares of the stock in a transaction on Friday, November 17th. The stock was sold at an average price of $61.22, for a total transaction of $1,036,148.50. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Plexus Corp. (NASDAQ:PLXS) traded down $0.49 during midday trading on Wednesday, reaching $60.70. 132,573 shares of the company’s stock traded hands, compared to its average volume of 173,600. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.06 and a current ratio of 1.78. The stock has a market capitalization of $2,050.00, a P/E ratio of 18.98 and a beta of 0.87. Plexus Corp. has a 1-year low of $49.06 and a 1-year high of $64.12.

Plexus (NASDAQ:PLXS) last released its quarterly earnings data on Wednesday, October 25th. The technology company reported $0.84 earnings per share for the quarter, beating analysts’ consensus estimates of $0.82 by $0.02. Plexus had a return on equity of 11.48% and a net margin of 4.43%. The firm had revenue of $670.00 million during the quarter, compared to analyst estimates of $676.23 million. During the same quarter in the prior year, the firm posted $0.82 earnings per share. The business’s quarterly revenue was up 2.6% compared to the same quarter last year. equities research analysts expect that Plexus Corp. will post 3.41 EPS for the current fiscal year.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Mutual of America Capital Management LLC increased its holdings in Plexus by 2.8% in the 3rd quarter. Mutual of America Capital Management LLC now owns 68,101 shares of the technology company’s stock worth $3,819,000 after buying an additional 1,861 shares in the last quarter. Disciplined Growth Investors Inc. MN lifted its position in shares of Plexus by 0.5% during the 2nd 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. Principal Financial Group Inc. lifted its position in shares of Plexus by 3.8% during the 2nd quarter. Principal Financial Group Inc. now owns 282,731 shares of the technology company’s stock valued at $14,864,000 after buying an additional 10,388 shares in the last quarter. Brandywine Global Investment Management LLC purchased a new position in shares of Plexus during the 2nd quarter valued at about $5,016,000. Finally, FMR LLC lifted its holdings in Plexus by 546.1% in the 2nd quarter. FMR LLC now owns 1,111,655 shares of the technology company’s stock worth $58,440,000 after purchasing an additional 939,589 shares in the last quarter. Institutional investors own 94.16% of the company’s stock.

PLXS has been the topic of a number of recent research reports. Citigroup raised their price target on shares of Plexus from $59.00 to $65.00 and gave the stock a “neutral” rating in a research report on Friday, October 27th. Stifel Nicolaus reiterated a “hold” rating and set a $54.00 target price on shares of Plexus in a research report on Tuesday, September 12th. Zacks Investment Research lowered shares of Plexus from a “hold” rating to a “sell” rating in a research note on Monday, October 30th. J P Morgan Chase & Co lowered shares of Plexus from an “overweight” rating to a “neutral” rating and set a $62.00 price target for the company. in a research note on Tuesday, October 10th. Finally, ValuEngine upgraded shares of Plexus from a “hold” rating to a “buy” rating in a research note on Friday, September 22nd. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and two have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $57.86.

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Plexus 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.

Insider Buying and Selling by Quarter for Plexus (NASDAQ:PLXS)

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