Plexus Corp. (NASDAQ:PLXS) CEO Todd P. Kelsey Sells 2,000 Shares

Plexus Corp. (NASDAQ:PLXS) CEO Todd P. Kelsey sold 2,000 shares of the company’s stock in a transaction on Wednesday, February 19th. The shares were sold at an average price of $140.00, for a total value of $280,000.00. Following the completion of the sale, the chief executive officer now owns 87,665 shares in the company, valued at $12,273,100. This represents a 2.23 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Plexus Stock Performance

Shares of NASDAQ:PLXS opened at $137.34 on Friday. The firm has a market capitalization of $3.71 billion, a PE ratio of 31.87 and a beta of 0.89. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.53 and a quick ratio of 0.70. The business has a 50-day moving average of $153.12 and a two-hundred day moving average of $144.86. Plexus Corp. has a 12 month low of $90.18 and a 12 month high of $172.89.

Plexus (NASDAQ:PLXS) last announced its quarterly earnings results on Wednesday, January 22nd. The technology company reported $1.49 EPS for the quarter, missing the consensus estimate of $1.59 by ($0.10). Plexus had a return on equity of 10.36% and a net margin of 3.03%. As a group, research analysts forecast that Plexus Corp. will post 5.9 earnings per share for the current year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of PLXS. TD Private Client Wealth LLC acquired a new position in shares of Plexus in the 4th quarter worth approximately $28,000. Quarry LP grew its position in shares of Plexus by 573.5% in the 3rd quarter. Quarry LP now owns 229 shares of the technology company’s stock worth $31,000 after acquiring an additional 195 shares in the last quarter. Aquatic Capital Management LLC boosted its position in Plexus by 134.0% during the 4th quarter. Aquatic Capital Management LLC now owns 234 shares of the technology company’s stock valued at $37,000 after purchasing an additional 134 shares during the period. R Squared Ltd acquired a new position in Plexus during the 4th quarter valued at approximately $45,000. Finally, Nomura Asset Management Co. Ltd. boosted its position in Plexus by 45.5% during the 4th quarter. Nomura Asset Management Co. Ltd. now owns 320 shares of the technology company’s stock valued at $50,000 after purchasing an additional 100 shares during the period. Hedge funds and other institutional investors own 94.45% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on the company. StockNews.com upgraded Plexus from a “hold” rating to a “buy” rating in a research report on Monday, November 18th. Benchmark reiterated a “buy” rating and issued a $165.00 target price on shares of Plexus in a research note on Wednesday, January 22nd. Stifel Nicolaus initiated coverage on Plexus in a research note on Tuesday, February 4th. They issued a “hold” rating and a $152.00 target price for the company. Finally, Needham & Company LLC upped their target price on Plexus from $162.00 to $172.00 and gave the company a “buy” rating in a research note on Friday, January 24th. Two analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $163.00.

Plexus Company Profile

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.