Plexus Corp. (NASDAQ:PLXS) insider Oliver K. Mihm sold 13,680 shares of Plexus Corp. stock in a transaction on Tuesday, October 31st. The shares were sold at an average price of $61.57, for a total value of $842,277.60. Following the transaction, the insider now directly owns 6,235 shares of the company’s stock, valued at $383,888.95. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Plexus Corp. (NASDAQ:PLXS) last posted its earnings results on Wednesday, October 25th. The technology company reported $0.84 EPS for the quarter, beating the consensus estimate of $0.82 by $0.02. The firm had revenue of $670.00 million during the quarter, compared to the consensus estimate of $676.23 million. Plexus Corp. had a return on equity of 11.48% and a net margin of 4.43%. The business’s quarterly revenue was up 2.6% on a year-over-year basis. During the same period last year, the company earned $0.82 earnings per share.

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A number of research analysts recently issued reports on the company. J P Morgan Chase & Co raised Plexus Corp. from a “neutral” rating to an “overweight” rating and set a $62.00 price target for the company in a report on Monday, August 28th. Deutsche Bank AG lifted their price target on Plexus Corp. from $50.00 to $54.00 and gave the company a “hold” rating in a report on Friday, July 21st. ValuEngine raised Plexus Corp. from a “hold” rating to a “buy” rating in a report on Friday, September 22nd. BidaskClub cut Plexus Corp. from a “hold” rating to a “sell” rating in a report on Saturday, August 5th. Finally, Citigroup Inc. lifted their price target on Plexus Corp. from $56.00 to $59.00 and gave the company a “neutral” rating in a report on Friday, July 21st. Two equities research 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’s stock. Plexus Corp. currently has a consensus rating of “Hold” and a consensus price target of $57.86.

Institutional investors have recently bought and sold shares of the business. Riverhead Capital Management LLC raised its position in Plexus Corp. by 69.0% in the second quarter. Riverhead Capital Management LLC now owns 2,366 shares of the technology company’s stock valued at $124,000 after purchasing an additional 966 shares during the last quarter. Neuberger Berman Group LLC raised its position in Plexus Corp. by 0.8% in the second quarter. Neuberger Berman Group LLC now owns 3,834 shares of the technology company’s stock valued at $202,000 after purchasing an additional 31 shares during the last quarter. SG Americas Securities LLC raised its position in Plexus Corp. by 20.0% in the first quarter. SG Americas Securities LLC now owns 3,655 shares of the technology company’s stock valued at $211,000 after purchasing an additional 609 shares during the last quarter. Amalgamated Bank raised its position in Plexus Corp. by 1.4% in the second quarter. Amalgamated Bank now owns 4,582 shares of the technology company’s stock valued at $241,000 after purchasing an additional 65 shares during the last quarter. Finally, Verition Fund Management LLC bought a new position in Plexus Corp. in the second quarter valued at about $263,000. Hedge funds and other institutional investors own 94.06% of the company’s stock.

Plexus Corp. Company Profile

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)

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