Plexus Corp. (NASDAQ:PLXS) CEO Todd P. Kelsey Sells 1,500 Shares

Plexus Corp. (NASDAQ:PLXS) CEO Todd P. Kelsey sold 1,500 shares of the firm’s stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $136.96, for a total value of $205,440.00. Following the completion of the transaction, the chief executive officer now directly owns 86,932 shares in the company, valued at $11,906,206.72. This trade represents a 1.70 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Plexus Stock Down 0.3 %

Shares of PLXS stock opened at $141.95 on Friday. The company’s fifty day simple moving average is $159.02 and its two-hundred day simple moving average is $143.55. Plexus Corp. has a 52 week low of $90.18 and a 52 week high of $172.89. The stock has a market cap of $3.84 billion, a P/E ratio of 32.94 and a beta of 0.89. The company has a quick ratio of 0.70, a current ratio of 1.53 and a debt-to-equity ratio of 0.07.

Plexus (NASDAQ:PLXS) last posted its earnings results on Wednesday, January 22nd. The technology company reported $1.49 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%. Analysts predict that Plexus Corp. will post 5.97 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Quarry LP raised its stake in Plexus by 573.5% during the third quarter. Quarry LP now owns 229 shares of the technology company’s stock valued at $31,000 after purchasing an additional 195 shares in the last quarter. R Squared Ltd purchased a new stake in shares of Plexus during the 4th quarter valued at about $45,000. Point72 DIFC Ltd bought a new position in shares of Plexus in the 3rd quarter valued at about $51,000. Point72 Asia Singapore Pte. Ltd. purchased a new position in Plexus in the third quarter worth about $55,000. Finally, USA Financial Formulas bought a new stake in Plexus during the fourth quarter worth approximately $56,000. 94.45% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

PLXS has been the topic of a number of recent analyst reports. 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. Benchmark restated a “buy” rating and set a $165.00 target price on shares of Plexus in a research note on Wednesday, January 22nd. KeyCorp started coverage on Plexus in a research note on Tuesday, October 22nd. They issued a “sector weight” rating for the company. StockNews.com upgraded Plexus from a “hold” rating to a “buy” rating in a research report on Monday, November 18th. Finally, Stifel Nicolaus started coverage on Plexus in a research report on Tuesday. They set a “hold” rating and a $152.00 target price for the company. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat, Plexus has an average rating of “Moderate Buy” and a consensus target price 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.