Plexus Corp. (PLXS) Director Ralf R. Boer Sells 2,500 Shares of Stock

Plexus Corp. (NASDAQ:PLXS) Director Ralf R. Boer sold 2,500 shares of the firm’s stock in a transaction that occurred on Wednesday, November 28th. The stock was sold at an average price of $60.50, for a total transaction of $151,250.00. Following the completion of the transaction, the director now directly owns 26,790 shares in the company, valued at approximately $1,620,795. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

NASDAQ:PLXS traded down $0.19 during trading hours on Friday, hitting $61.04. 273,613 shares of the stock traded hands, compared to its average volume of 158,500. The company has a debt-to-equity ratio of 0.20, a current ratio of 2.06 and a quick ratio of 0.98. Plexus Corp. has a 1 year low of $52.44 and a 1 year high of $66.78. The company has a market capitalization of $1.93 billion, a P/E ratio of 18.90 and a beta of 0.60.

Plexus (NASDAQ:PLXS) last issued its quarterly earnings results on Wednesday, October 24th. The technology company reported $0.96 earnings per share for the quarter, beating the consensus estimate of $0.87 by $0.09. Plexus had a net margin of 0.45% and a return on equity of 11.98%. The business had revenue of $771.18 million for the quarter, compared to the consensus estimate of $760.98 million. During the same quarter in the previous year, the firm earned $0.84 earnings per share. The company’s revenue for the quarter was up 15.1% on a year-over-year basis. On average, sell-side analysts anticipate that Plexus Corp. will post 3.87 earnings per share for the current fiscal year.

PLXS has been the topic of several analyst reports. BidaskClub downgraded shares of Plexus from a “sell” rating to a “strong sell” rating in a report on Thursday, October 4th. Zacks Investment Research reaffirmed a “hold” rating on shares of Plexus in a report on Wednesday, November 14th. Finally, ValuEngine downgraded shares of Plexus from a “buy” rating to a “hold” rating in a report on Thursday, September 27th. Four investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Plexus presently has an average rating of “Hold” and an average target price of $70.67.

A number of large investors have recently modified their holdings of PLXS. BlackRock Inc. raised its position in shares of Plexus by 2.0% during the third quarter. BlackRock Inc. now owns 4,601,135 shares of the technology company’s stock valued at $269,213,000 after buying an additional 89,208 shares during the last quarter. Vanguard Group Inc. raised its position in shares of Plexus by 1.0% during the third quarter. Vanguard Group Inc. now owns 3,366,412 shares of the technology company’s stock valued at $196,968,000 after buying an additional 32,225 shares during the last quarter. Disciplined Growth Investors Inc. MN raised its position in shares of Plexus by 2.3% during the third quarter. Disciplined Growth Investors Inc. MN now owns 2,971,726 shares of the technology company’s stock valued at $173,876,000 after buying an additional 67,180 shares during the last quarter. Victory Capital Management Inc. raised its position in shares of Plexus by 84.4% during the second quarter. Victory Capital Management Inc. now owns 723,178 shares of the technology company’s stock valued at $43,058,000 after buying an additional 330,937 shares during the last quarter. Finally, Thrivent Financial for Lutherans raised its position in shares of Plexus by 3.9% during the third quarter. Thrivent Financial for Lutherans now owns 553,267 shares of the technology company’s stock valued at $32,371,000 after buying an additional 20,911 shares during the last quarter. 95.46% of the stock is currently owned by institutional investors and hedge funds.

ILLEGAL ACTIVITY WARNING: This article was originally published by Markets Daily and is the property of of Markets Daily. If you are reading this article on another website, it was stolen and republished in violation of international copyright laws. The correct version of this article can be accessed at https://www.themarketsdaily.com/2018/12/01/plexus-corp-plxs-director-ralf-r-boer-sells-2500-shares-of-stock.html.

Plexus Company Profile

Plexus Corp., together with its subsidiaries, provides electronic manufacturing services in the Americas, Europe, the Middle East, Africa, and the Asia-Pacific. It offers product conceptualization solutions; and product design and value-engineering solutions, including program management, feasibility studies, specification development for product features and functionality, circuit design, field programmable gate array design, printed circuit board layout, embedded software design, mechanical design, test specifications development and product verification testing, and automated production solutions and complex automation design.

Further Reading: How is the S&P 500 index different from the DJIA?

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

Receive News & Ratings for Plexus Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Plexus and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply