Todd P. Kelsey Sells 1,000 Shares of Plexus Corp. (NASDAQ:PLXS) Stock

Plexus Corp. (NASDAQ:PLXS) CEO Todd P. Kelsey sold 1,000 shares of Plexus stock in a transaction dated Friday, May 23rd. The shares were sold at an average price of $130.00, for a total value of $130,000.00. Following the completion of the sale, the chief executive officer now directly owns 78,714 shares in the company, valued at approximately $10,232,820. This represents a 1.25% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link.

Plexus Price Performance

Shares of NASDAQ PLXS opened at $132.74 on Wednesday. The business’s 50 day moving average price is $125.79 and its two-hundred day moving average price is $141.84. The company has a market cap of $3.60 billion, a PE ratio of 30.80 and a beta of 0.80. 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 Corp. has a twelve month low of $100.96 and a twelve month high of $172.89.

Plexus (NASDAQ:PLXS) last issued its quarterly earnings data on Wednesday, April 23rd. The technology company reported $1.66 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.54 by $0.12. Plexus had a return on equity of 10.36% and a net margin of 3.03%. The company had revenue of $980.17 million during the quarter, compared to analysts’ expectations of $980.07 million. During the same quarter in the previous year, the company posted $0.94 earnings per share. The business’s revenue was up 1.4% on a year-over-year basis. On average, analysts predict that Plexus Corp. will post 5.9 EPS for the current year.

Institutional Investors Weigh In On Plexus

A number of institutional investors have recently made changes to their positions in PLXS. TD Private Client Wealth LLC bought a new stake in shares of Plexus during the fourth quarter worth approximately $28,000. Aquatic Capital Management LLC boosted its holdings in shares of Plexus by 134.0% during the fourth quarter. Aquatic Capital Management LLC now owns 234 shares of the technology company’s stock worth $37,000 after acquiring an additional 134 shares during the period. R Squared Ltd bought a new stake in shares of Plexus during the fourth quarter worth approximately $45,000. Nomura Asset Management Co. Ltd. boosted its holdings in shares of Plexus by 45.5% during the fourth quarter. Nomura Asset Management Co. Ltd. now owns 320 shares of the technology company’s stock worth $50,000 after acquiring an additional 100 shares during the period. Finally, Versant Capital Management Inc boosted its holdings in shares of Plexus by 1,000.0% during the first quarter. Versant Capital Management Inc now owns 473 shares of the technology company’s stock worth $61,000 after acquiring an additional 430 shares during the period. Institutional investors own 94.45% of the company’s stock.

Analyst Upgrades and Downgrades

PLXS has been the topic of a number of recent research reports. Benchmark reaffirmed a “buy” rating and issued a $160.00 target price on shares of Plexus in a research report on Friday, May 16th. Needham & Company LLC reissued a “buy” rating and set a $162.00 price target (down previously from $172.00) on shares of Plexus in a research report on Friday, April 25th. Finally, Stifel Nicolaus set a $145.00 price target on Plexus in a research report on Thursday, April 24th. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $155.67.

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.