Plexus Corp. (NASDAQ:PLXS) VP Sells $88,792.32 in Stock

Plexus Corp. (NASDAQ:PLXS) VP Ronnie Darroch sold 1,216 shares of Plexus stock in a transaction that occurred on Monday, July 27th. The stock was sold at an average price of $73.02, for a total value of $88,792.32. Following the completion of the transaction, the vice president now owns 6,594 shares of the company’s stock, valued at approximately $481,493.88. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Ronnie Darroch also recently made the following trade(s):

  • On Monday, May 4th, Ronnie Darroch sold 1,702 shares of Plexus stock. The stock was sold at an average price of $59.85, for a total value of $101,864.70.

Shares of NASDAQ:PLXS traded down $0.08 during trading on Thursday, reaching $73.97. 75,141 shares of the company were exchanged, compared to its average volume of 229,280. The business’s fifty day simple moving average is $68.01 and its 200-day simple moving average is $65.20. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.72 and a quick ratio of 0.93. Plexus Corp. has a 12-month low of $35.16 and a 12-month high of $86.53. The firm has a market capitalization of $2.16 billion, a PE ratio of 19.02 and a beta of 1.05.

Plexus (NASDAQ:PLXS) last announced its quarterly earnings data on Wednesday, July 22nd. The technology company reported $1.20 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.75 by $0.45. The company had revenue of $857.39 million for the quarter, compared to analysts’ expectations of $801.94 million. Plexus had a return on equity of 12.41% and a net margin of 3.55%. On average, sell-side analysts anticipate that Plexus Corp. will post 3.93 EPS for the current fiscal year.

A number of research analysts have weighed in on the stock. Zacks Investment Research upgraded shares of Plexus from a “hold” rating to a “buy” rating and set a $76.00 price objective on the stock in a research report on Monday. TheStreet upgraded shares of Plexus from a “c+” rating to a “b” rating in a report on Wednesday, July 22nd. BidaskClub raised shares of Plexus from a “hold” rating to a “buy” rating in a research note on Saturday, July 11th. ValuEngine cut Plexus from a “hold” rating to a “sell” rating in a research note on Thursday, July 23rd. Finally, Needham & Company LLC raised their price target on Plexus from $67.00 to $82.00 and gave the stock a “buy” rating in a research note on Friday, July 24th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and six have issued a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of $80.67.

Several institutional investors have recently made changes to their positions in PLXS. Point72 Hong Kong Ltd bought a new stake in shares of Plexus in the fourth quarter valued at about $39,000. Meeder Asset Management Inc. increased its position in Plexus by 1,231.6% during the 1st quarter. Meeder Asset Management Inc. now owns 759 shares of the technology company’s stock valued at $41,000 after purchasing an additional 702 shares during the period. Advisor Group Holdings Inc. bought a new stake in shares of Plexus in the 1st quarter valued at about $68,000. Point72 Asset Management L.P. purchased a new stake in shares of Plexus in the 4th quarter worth approximately $71,000. Finally, Northwestern Mutual Wealth Management Co. boosted its stake in shares of Plexus by 201.6% during the first quarter. Northwestern Mutual Wealth Management Co. now owns 1,734 shares of the technology company’s stock valued at $95,000 after purchasing an additional 1,159 shares in the last quarter. Hedge funds and other institutional investors own 95.26% of the company’s stock.

About Plexus

Plexus Corp., together with its subsidiaries, provides electronic manufacturing services in the Americas, Europe, the Middle East, Africa, and the Asia-Pacific. It offers design and development, supply chain, new product introduction, and manufacturing solutions, as well as aftermarket services. The company provides its solutions to companies in the healthcare and life sciences, industrial and commercial, communications, and aerospace and defense sectors.

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

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