Plexus Corp. (NASDAQ:PLXS) CAO Angelo Michael Ninivaggi, Jr. sold 16,000 shares of the company’s stock in a transaction that occurred on Tuesday, October 31st. The shares were sold at an average price of $61.58, for a total value of $985,280.00. Following the completion of the sale, the chief accounting officer now owns 18,159 shares in the company, valued at $1,118,231.22. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Plexus Corp. (PLXS) opened at $60.02 on Friday. Plexus Corp. has a 12 month low of $45.21 and a 12 month high of $62.56. The company has a quick ratio of 1.06, a current ratio of 1.78 and a debt-to-equity ratio of 0.03. The stock has a market capitalization of $2,008.51, a P/E ratio of 18.52 and a beta of 0.90.

Plexus Corp. (NASDAQ:PLXS) last issued its quarterly earnings results on Wednesday, October 25th. The technology company reported $0.84 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.82 by $0.02. Plexus Corp. had a return on equity of 11.48% and a net margin of 4.43%. The firm had revenue of $670.00 million for the quarter, compared to analyst estimates of $676.23 million. During the same period in the previous year, the firm earned $0.82 earnings per share. The company’s revenue was up 2.6% compared to the same quarter last year. equities research analysts anticipate that Plexus Corp. will post 3.41 EPS for the current year.

TRADEMARK VIOLATION WARNING: “Insider Selling: Plexus Corp. (PLXS) CAO Sells $985,280.00 in Stock” was originally posted by Watch List News and is the sole property of of Watch List News. If you are accessing this piece of content on another site, it was copied illegally and reposted in violation of U.S. and international copyright and trademark laws. The correct version of this piece of content can be viewed at https://www.watchlistnews.com/insider-selling-plexus-corp-plxs-cao-sells-985280-00-in-stock/1679793.html.

Institutional investors and hedge funds have recently modified their holdings of the business. Mutual of America Capital Management LLC lifted its stake in Plexus Corp. by 2.8% in the third quarter. Mutual of America Capital Management LLC now owns 68,101 shares of the technology company’s stock valued at $3,819,000 after buying an additional 1,861 shares during the period. Disciplined Growth Investors Inc. MN raised its position in shares of Plexus Corp. by 0.5% during the second quarter. Disciplined Growth Investors Inc. MN now owns 3,038,867 shares of the technology company’s stock worth $159,753,000 after purchasing an additional 16,329 shares during the period. Thrivent Financial For Lutherans raised its position in shares of Plexus Corp. by 5.4% during the first quarter. Thrivent Financial For Lutherans now owns 19,050 shares of the technology company’s stock worth $1,101,000 after purchasing an additional 980 shares during the period. Principal Financial Group Inc. raised its position in shares of Plexus Corp. by 3.8% during the second quarter. Principal Financial Group Inc. now owns 282,731 shares of the technology company’s stock worth $14,864,000 after purchasing an additional 10,388 shares during the period. Finally, Brandywine Global Investment Management LLC acquired a new position in shares of Plexus Corp. during the second quarter worth approximately $5,016,000. 94.06% of the stock is currently owned by hedge funds and other institutional investors.

Several analysts recently commented on the company. Zacks Investment Research cut Plexus Corp. from a “hold” rating to a “sell” rating in a report on Monday, October 30th. Citigroup Inc. upped their target price on Plexus Corp. from $59.00 to $65.00 and gave the company a “neutral” rating in a report on Friday, October 27th. J P Morgan Chase & Co cut Plexus Corp. from an “overweight” rating to a “neutral” rating and set a $62.00 target price on the stock. in a report on Tuesday, October 10th. ValuEngine upgraded Plexus Corp. from a “hold” rating to a “buy” rating in a report on Friday, September 22nd. Finally, Stifel Nicolaus reiterated a “hold” rating and issued a $54.00 target price (up from $50.00) on shares of Plexus Corp. in a report on Friday, July 21st. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and two have given a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $57.86.

About Plexus Corp.

Plexus Corp. (Plexus) and its subsidiaries are engaged in the electronic manufacturing services (EMS) industry. The Company delivers end-to-end solutions for customers in the Americas (AMER), Europe, Middle East, and Africa (EMEA) and Asia-Pacific (APAC) regions. The Company’s segments are AMER, APAC and EMEA.

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

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