Plexus Corp. (NASDAQ:PLXS) Chairman Dean A. Foate Sells 5,459 Shares of Stock
Plexus Corp. (NASDAQ:PLXS) Chairman Dean A. Foate sold 5,459 shares of the business’s stock in a transaction on Wednesday, July 29th. The stock was sold at an average price of $73.51, for a total value of $401,291.09. Following the transaction, the chairman now owns 137,051 shares of the company’s stock, valued at approximately $10,074,619.01. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.
Shares of NASDAQ PLXS opened at $74.29 on Friday. The business’s 50-day moving average price is $68.27 and its two-hundred day moving average price is $65.17. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.72 and a quick ratio of 0.93. Plexus Corp. has a one year low of $35.16 and a one year high of $86.53. The company has a market capitalization of $2.16 billion, a P/E ratio of 19.79 and a beta of 1.05.
Plexus (NASDAQ:PLXS) last issued its earnings results on Wednesday, July 22nd. The technology company reported $1.20 EPS for the quarter, beating analysts’ consensus estimates of $0.75 by $0.45. The firm had revenue of $857.39 million for the quarter, compared to the consensus estimate of $801.94 million. Plexus had a return on equity of 12.41% and a net margin of 3.55%. On average, equities analysts anticipate that Plexus Corp. will post 3.93 EPS for the current year.
A number of brokerages have issued reports on PLXS. Stifel Nicolaus boosted their price target on Plexus from $60.00 to $80.00 and gave the stock a “hold” rating in a research report on Friday, July 24th. ValuEngine downgraded Plexus from a “hold” rating to a “sell” rating in a research note on Thursday, July 23rd. JPMorgan Chase & Co. boosted their price objective on Plexus from $67.00 to $72.00 and gave the stock an “overweight” rating in a research note on Wednesday, April 15th. Loop Capital boosted their target price on Plexus from $78.00 to $91.00 and gave the stock a “buy” rating in a research report on Friday, July 24th. Finally, BidaskClub raised Plexus from a “hold” rating to a “buy” rating in a research report on Saturday, July 11th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and six have issued a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $80.67.
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 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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