Plexus Corp. (NASDAQ:PLXS) CAO Angelo Michael Ninivaggi, Jr. Sells 605 Shares
Plexus Corp. (NASDAQ:PLXS) CAO Angelo Michael Ninivaggi, Jr. sold 605 shares of the stock in a transaction on Monday, July 27th. The stock was sold at an average price of $73.00, for a total value of $44,165.00. Following the completion of the sale, the chief accounting officer now directly owns 32,657 shares in the company, valued at $2,383,961. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.
PLXS stock opened at $74.02 on Friday. Plexus Corp. has a fifty-two week low of $35.16 and a fifty-two week high of $86.53. The business’s 50-day moving average is $68.10 and its two-hundred day moving average is $65.18. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.93 and a current ratio of 1.72. The company has a market cap of $2.16 billion, a price-to-earnings ratio of 19.80 and a beta of 1.05.
Plexus (NASDAQ:PLXS) last posted its earnings results on Wednesday, July 22nd. The technology company reported $1.20 earnings per share for the quarter, beating analysts’ consensus estimates of $0.75 by $0.45. Plexus had a return on equity of 12.41% and a net margin of 3.55%. The company had revenue of $857.39 million for the quarter, compared to the consensus estimate of $801.94 million. Equities analysts predict that Plexus Corp. will post 3.93 earnings per share for the current year.
Several research firms recently commented on PLXS. Zacks Investment Research raised 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 raised Plexus from a “c+” rating to a “b” rating in a research report on Wednesday, July 22nd. BidaskClub raised Plexus from a “hold” rating to a “buy” rating in a research report on Saturday, July 11th. JPMorgan Chase & Co. increased their price objective on Plexus from $67.00 to $72.00 and gave the company an “overweight” rating in a research report on Wednesday, April 15th. Finally, Loop Capital increased their price objective on Plexus from $78.00 to $91.00 and gave the company a “buy” rating in a research report 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 company. The company presently has a consensus rating of “Buy” and a consensus price target of $80.67.
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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