Plexus Corp. (NASDAQ:PLXS) VP Ronnie Darroch sold 1,216 shares of Plexus stock in a transaction that occurred on Monday, July 27th. The shares were sold at an average price of $73.02, for a total value of $88,792.32. Following the sale, the vice president now directly owns 6,594 shares in the company, valued at approximately $481,493.88. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

Ronnie Darroch also recently made the following trade(s):

  • On Monday, May 4th, Ronnie Darroch sold 1,702 shares of Plexus stock. The stock was sold at an average price of $59.85, for a total transaction of $101,864.70.

Plexus stock opened at $74.29 on Friday. The company has a fifty day simple moving average of $68.27 and a 200 day simple moving average of $65.17. The company has a current ratio of 1.72, a quick ratio of 0.93 and a debt-to-equity ratio of 0.24. The company has a market cap of $2.17 billion, a P/E ratio of 19.10 and a beta of 1.05. Plexus Corp. has a 1-year low of $35.16 and a 1-year high of $86.53.

Plexus (NASDAQ:PLXS) last issued its earnings results on Wednesday, July 22nd. The technology company reported $1.20 EPS for the quarter, beating the consensus estimate of $0.75 by $0.45. The company had revenue of $857.39 million during the quarter, compared to analysts’ expectations of $801.94 million. Plexus had a net margin of 3.55% and a return on equity of 12.41%. On average, equities research analysts forecast that Plexus Corp. will post 3.93 EPS for the current year.

Several equities analysts have recently commented on the stock. Zacks Investment Research upgraded shares of Plexus from a “hold” rating to a “buy” rating and set a $76.00 price target on the stock in a report on Monday, July 27th. JPMorgan Chase & Co. lifted their price objective on shares of Plexus from $67.00 to $72.00 and gave the company an “overweight” rating in a research note on Wednesday, April 15th. Needham & Company LLC boosted their target price on shares of Plexus from $67.00 to $82.00 and gave the stock a “buy” rating in a research report on Friday, July 24th. Loop Capital boosted their target price on shares of Plexus from $78.00 to $91.00 and gave the stock a “buy” rating in a research report on Friday, July 24th. Finally, ValuEngine lowered shares of Plexus from a “hold” rating to a “sell” rating in a research report on Thursday, July 23rd. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and six have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $80.67.

Large investors have recently bought and sold shares of the company. Goldman Sachs Group Inc. lifted its position in shares of Plexus by 18.1% during the 4th quarter. Goldman Sachs Group Inc. now owns 129,170 shares of the technology company’s stock valued at $9,938,000 after acquiring an additional 19,799 shares during the period. Envestnet Asset Management Inc. grew its stake in shares of Plexus by 10.6% in the 2nd quarter. Envestnet Asset Management Inc. now owns 25,192 shares of the technology company’s stock worth $1,778,000 after acquiring an additional 2,423 shares in the last quarter. Norges Bank bought a new stake in shares of Plexus in the 4th quarter worth $32,762,000. BNP Paribas Arbitrage SA grew its stake in shares of Plexus by 128.4% in the 1st quarter. BNP Paribas Arbitrage SA now owns 24,732 shares of the technology company’s stock worth $1,349,000 after acquiring an additional 13,905 shares in the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its position in Plexus by 48.4% during the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 14,681 shares of the technology company’s stock valued at $801,000 after buying an additional 4,789 shares during the period. 95.26% of the stock is currently owned by institutional investors.

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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