Victor (Pang Hau) Tan Sells 3,000 Shares of Plexus Corp. (NASDAQ:PLXS) Stock

Plexus Corp. (NASDAQ:PLXS) insider Victor (Pang Hau) Tan sold 3,000 shares of the company’s stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $165.90, for a total transaction of $497,700.00. Following the sale, the insider now directly owns 5,605 shares in the company, valued at approximately $929,869.50. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Victor (Pang Hau) Tan also recently made the following trade(s):

• On Wednesday, August 28th, Victor (Pang Hau) Tan sold 1,000 shares of Plexus stock. The stock was sold at an average price of $127.50, for a total transaction of $127,500.00.

Plexus Trading Up 0.8 %

Shares of NASDAQ PLXS opened at $165.97 on Friday. The business’s 50 day moving average price is $136.01 and its 200-day moving average price is $120.28. Plexus Corp. has a fifty-two week low of $90.18 and a fifty-two week high of $169.41. The company has a debt-to-equity ratio of 0.07, a quick ratio of 0.71 and a current ratio of 1.51. The company has a market cap of $4.52 billion, a price-to-earnings ratio of 41.39 and a beta of 0.87.

Plexus (NASDAQ:PLXS) last released its earnings results on Wednesday, October 23rd. The technology company reported $1.85 earnings per share for the quarter, topping the consensus estimate of $1.55 by $0.30. The business had revenue of $1.05 billion during the quarter, compared to the consensus estimate of $1.01 billion. Plexus had a return on equity of 9.51% and a net margin of 2.82%. The business’s revenue for the quarter was up 2.6% compared to the same quarter last year. During the same period last year, the company earned $1.44 earnings per share. On average, sell-side analysts expect that Plexus Corp. will post 6.2 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research firms recently commented on PLXS. Benchmark lifted their price target on Plexus from $150.00 to $165.00 and gave the stock a “buy” rating in a research report on Monday, October 28th. Needham & Company LLC lifted their target price on Plexus from $144.00 to $162.00 and gave the stock a “buy” rating in a report on Friday, October 25th. KeyCorp began coverage on Plexus in a report on Tuesday, October 22nd. They set a “sector weight” rating on the stock. Finally, StockNews.com lowered shares of Plexus from a “buy” rating to a “hold” rating in a research note on Wednesday. Four equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $133.50.

Hedge Funds Weigh In On Plexus

A number of hedge funds have recently added to or reduced their stakes in PLXS. Intech Investment Management LLC purchased a new stake in shares of Plexus in the third quarter valued at approximately $755,000. Moran Wealth Management LLC raised its position in Plexus by 4.0% during the 3rd quarter. Moran Wealth Management LLC now owns 52,412 shares of the technology company’s stock valued at $7,165,000 after purchasing an additional 1,994 shares in the last quarter. Advisors Asset Management Inc. lifted its holdings in shares of Plexus by 85.0% in the 3rd quarter. Advisors Asset Management Inc. now owns 664 shares of the technology company’s stock worth $91,000 after buying an additional 305 shares during the period. Natixis Advisors LLC grew its position in shares of Plexus by 13.4% during the 3rd quarter. Natixis Advisors LLC now owns 18,923 shares of the technology company’s stock worth $2,587,000 after buying an additional 2,235 shares in the last quarter. Finally, CIBC Asset Management Inc bought a new position in shares of Plexus during the 3rd quarter worth $253,000. 94.45% of the stock is currently owned by institutional investors.

About Plexus

Plexus Corp. provides electronic manufacturing services in the United States and internationally. It offers design, develop, supply chain, new product introduction, and manufacturing solutions, as well as sustaining services to companies in the healthcare/life sciences, industrial/commercial, aerospace/defense, and communications market sectors.