Plexus Corp. (NASDAQ:PLXS) CAO Angelo Michael Ninivaggi, Jr. Sells 2,058 Shares

Plexus Corp. (NASDAQ:PLXS) CAO Angelo Michael Ninivaggi, Jr. sold 2,058 shares of the business’s stock in a transaction that occurred on Tuesday, May 27th. The shares were sold at an average price of $132.22, for a total value of $272,108.76. Following the completion of the transaction, the chief accounting officer now directly owns 26,133 shares in the company, valued at approximately $3,455,305.26. The trade was a 7.30% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.

Plexus Trading Up 0.8%

NASDAQ:PLXS opened at $131.73 on Friday. Plexus Corp. has a 1 year low of $100.96 and a 1 year high of $172.89. The company has a debt-to-equity ratio of 0.07, a quick ratio of 0.70 and a current ratio of 1.53. The stock has a fifty day moving average price of $125.81 and a two-hundred day moving average price of $141.55. The stock has a market capitalization of $3.57 billion, a price-to-earnings ratio of 30.56 and a beta of 0.80.

Plexus (NASDAQ:PLXS) last posted its quarterly earnings results on Wednesday, April 23rd. The technology company reported $1.66 earnings per share for the quarter, topping analysts’ consensus estimates of $1.54 by $0.12. Plexus had a net margin of 3.03% and a return on equity of 10.36%. The business had revenue of $980.17 million for the quarter, compared to analysts’ expectations of $980.07 million. During the same period in the prior year, the company posted $0.94 EPS. The business’s revenue for the quarter was up 1.4% on a year-over-year basis. As a group, sell-side analysts anticipate that Plexus Corp. will post 5.9 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. TD Private Client Wealth LLC acquired a new stake in shares of Plexus in the 4th quarter worth approximately $28,000. Aquatic Capital Management LLC grew its holdings in Plexus by 134.0% in the fourth quarter. Aquatic Capital Management LLC now owns 234 shares of the technology company’s stock valued at $37,000 after purchasing an additional 134 shares during the last quarter. R Squared Ltd acquired a new stake in Plexus in the fourth quarter valued at $45,000. Nomura Asset Management Co. Ltd. increased its position in shares of Plexus by 45.5% in the fourth quarter. Nomura Asset Management Co. Ltd. now owns 320 shares of the technology company’s stock valued at $50,000 after buying an additional 100 shares in the last quarter. Finally, Versant Capital Management Inc raised its stake in shares of Plexus by 1,000.0% during the 1st quarter. Versant Capital Management Inc now owns 473 shares of the technology company’s stock worth $61,000 after buying an additional 430 shares during the last quarter. 94.45% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on PLXS shares. Stifel Nicolaus set a $145.00 price objective on shares of Plexus in a research note on Thursday, April 24th. Benchmark reiterated a “buy” rating and set a $160.00 price target on shares of Plexus in a research note on Friday, May 16th. Finally, Needham & Company LLC reissued a “buy” rating and set a $162.00 price target (down from $172.00) on shares of Plexus in a report on Friday, April 25th. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, Plexus currently has an average rating of “Moderate Buy” and an average target price of $155.67.

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.