Plexus Corp. (PLXS) Chairman Sells $779,943.00 in Stock
Plexus Corp. (NASDAQ:PLXS) Chairman Dean A. Foate sold 12,300 shares of the stock in a transaction on Tuesday, November 28th. The stock was sold at an average price of $63.41, for a total value of $779,943.00. Following the transaction, the chairman now directly owns 295,220 shares in the company, valued at approximately $18,719,900.20. The transaction was disclosed in a filing with the SEC, which is available at this link.
Shares of Plexus Corp. (NASDAQ:PLXS) opened at $61.80 on Friday. Plexus Corp. has a 12-month low of $49.06 and a 12-month high of $64.12. The firm has a market capitalization of $2,099.40, a PE ratio of 19.29 and a beta of 0.87. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.06 and a current ratio of 1.78.
Plexus (NASDAQ:PLXS) last issued its quarterly earnings data on Wednesday, October 25th. The technology company reported $0.84 earnings per share for the quarter, beating analysts’ consensus estimates of $0.82 by $0.02. Plexus had a return on equity of 11.48% and a net margin of 4.43%. The company had revenue of $670.00 million for the quarter, compared to the consensus estimate of $676.23 million. During the same quarter last year, the company earned $0.82 earnings per share. The firm’s revenue for the quarter was up 2.6% compared to the same quarter last year. equities analysts expect that Plexus Corp. will post 3.41 EPS for the current year.
A number of hedge funds have recently modified their holdings of PLXS. Teachers Advisors LLC boosted its position in Plexus by 5.4% during the first quarter. Teachers Advisors LLC now owns 66,076 shares of the technology company’s stock valued at $3,819,000 after purchasing an additional 3,408 shares in the last quarter. US Bancorp DE boosted its position in Plexus by 1.2% during the second quarter. US Bancorp DE now owns 37,715 shares of the technology company’s stock valued at $1,982,000 after purchasing an additional 447 shares in the last quarter. Bowling Portfolio Management LLC bought a new stake in Plexus during the second quarter valued at about $534,000. NGAM Advisors L.P. bought a new stake in Plexus during the second quarter valued at about $2,143,000. Finally, Great West Life Assurance Co. Can boosted its position in Plexus by 2.4% during the second quarter. Great West Life Assurance Co. Can now owns 47,743 shares of the technology company’s stock valued at $2,509,000 after purchasing an additional 1,100 shares in the last quarter. 94.18% of the stock is currently owned by institutional investors.
A number of equities analysts have recently issued reports on the company. BidaskClub downgraded Plexus from a “sell” rating to a “strong sell” rating in a research report on Wednesday, August 16th. Stifel Nicolaus reissued a “hold” rating and set a $54.00 price target on shares of Plexus in a research report on Tuesday, September 12th. J P Morgan Chase & Co downgraded Plexus from an “overweight” rating to a “neutral” rating and set a $62.00 price target on the stock. in a research report on Tuesday, October 10th. ValuEngine raised Plexus from a “hold” rating to a “buy” rating in a research report on Friday, September 22nd. Finally, Zacks Investment Research downgraded Plexus from a “hold” rating to a “sell” rating in a research report on Monday, October 30th. Two analysts have rated the stock with a sell rating, seven have given a hold rating and two have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $57.86.
Plexus 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.
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