Plexus Corp. (PLXS) Insider Patrick John Jermain Sells 4,150 Shares
Plexus Corp. (NASDAQ:PLXS) insider Patrick John Jermain sold 4,150 shares of the stock in a transaction dated Monday, November 13th. The shares were sold at an average price of $61.20, for a total transaction of $253,980.00. Following the completion of the transaction, the insider now directly owns 14,204 shares of the company’s stock, valued at approximately $869,284.80. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink.
Plexus Corp. (PLXS) traded up $0.01 during trading on Friday, hitting $60.94. 228,813 shares of the stock traded hands, compared to its average volume of 174,943. The company has a quick ratio of 1.06, a current ratio of 1.78 and a debt-to-equity ratio of 0.03. Plexus Corp. has a 1 year low of $49.06 and a 1 year high of $62.56. The company has a market capitalization of $2,050.00, a P/E ratio of 18.82 and a beta of 0.90.
Plexus Corp. (NASDAQ:PLXS) last posted its quarterly earnings results on Wednesday, October 25th. The technology company reported $0.84 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.82 by $0.02. Plexus Corp. had a net margin of 4.43% and a return on equity of 11.48%. The firm had revenue of $670.00 million during the quarter, compared to the consensus estimate of $676.23 million. During the same quarter in the previous year, the firm posted $0.82 earnings per share. The company’s revenue was up 2.6% on a year-over-year basis. research analysts expect that Plexus Corp. will post 3.41 earnings per share for the current year.
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Institutional investors have recently bought and sold shares of the company. Riverhead Capital Management LLC raised its stake in shares of Plexus Corp. by 69.0% during the second quarter. Riverhead Capital Management LLC now owns 2,366 shares of the technology company’s stock valued at $124,000 after acquiring an additional 966 shares in the last quarter. Appleton Group LLC bought a new stake in shares of Plexus Corp. during the third quarter valued at approximately $201,000. Neuberger Berman Group LLC raised its stake in shares of Plexus Corp. by 0.8% during the second quarter. Neuberger Berman Group LLC now owns 3,834 shares of the technology company’s stock valued at $202,000 after acquiring an additional 31 shares in the last quarter. Amalgamated Bank raised its stake in shares of Plexus Corp. by 1.4% during the second quarter. Amalgamated Bank now owns 4,582 shares of the technology company’s stock valued at $241,000 after acquiring an additional 65 shares in the last quarter. Finally, Verition Fund Management LLC bought a new stake in shares of Plexus Corp. during the second quarter valued at approximately $263,000. 92.78% of the stock is owned by hedge funds and other institutional investors.
Several brokerages have issued reports on PLXS. Zacks Investment Research downgraded shares of Plexus Corp. from a “hold” rating to a “sell” rating in a research note on Monday, October 30th. Citigroup Inc. raised their price objective on shares of Plexus Corp. from $59.00 to $65.00 and gave the stock a “neutral” rating in a research note on Friday, October 27th. J P Morgan Chase & Co downgraded shares of Plexus Corp. from an “overweight” rating to a “neutral” rating and set a $62.00 price objective for the company. in a research note on Tuesday, October 10th. ValuEngine raised shares of Plexus Corp. from a “hold” rating to a “buy” rating in a research note on Friday, September 22nd. Finally, Stifel Nicolaus reissued a “hold” rating and issued a $54.00 price objective (up previously from $50.00) on shares of Plexus Corp. in a research note on Friday, July 21st. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and two have issued a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $57.86.
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.
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