Plexus Corp. (NASDAQ:PLXS) CAO Angelo Michael Ninivaggi, Jr. Sells 1,200 Shares

Plexus Corp. (NASDAQ:PLXSGet Rating) CAO Angelo Michael Ninivaggi, Jr. sold 1,200 shares of the company’s stock in a transaction on Monday, May 2nd. The stock was sold at an average price of $80.66, for a total value of $96,792.00. Following the completion of the sale, the chief accounting officer now directly owns 32,760 shares in the company, valued at $2,642,421.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

NASDAQ PLXS opened at $84.47 on Thursday. Plexus Corp. has a 12 month low of $72.88 and a 12 month high of $101.17. The stock has a market cap of $2.37 billion, a P/E ratio of 21.77 and a beta of 1.10. The stock’s fifty day moving average price is $81.40 and its 200-day moving average price is $86.01. The company has a current ratio of 1.47, a quick ratio of 0.64 and a debt-to-equity ratio of 0.18.

Plexus (NASDAQ:PLXSGet Rating) last released its earnings results on Wednesday, April 27th. The technology company reported $0.95 EPS for the quarter, topping analysts’ consensus estimates of $0.83 by $0.12. Plexus had a return on equity of 11.05% and a net margin of 3.31%. The firm had revenue of $888.70 million for the quarter, compared to analysts’ expectations of $839.76 million. During the same period in the prior year, the firm posted $1.49 earnings per share. The company’s quarterly revenue was up .9% on a year-over-year basis. As a group, analysts forecast that Plexus Corp. will post 4.1 earnings per share for the current fiscal year.

Several equities research analysts recently weighed in on the company. TheStreet cut Plexus from a “b” rating to a “c+” rating in a research note on Thursday, February 24th. Zacks Investment Research raised Plexus from a “strong sell” rating to a “hold” rating and set a $88.00 price target on the stock in a research note on Wednesday, March 30th. StockNews.com assumed coverage on Plexus in a research note on Thursday, March 31st. They issued a “hold” rating on the stock. Finally, Needham & Company LLC reduced their price target on Plexus from $95.00 to $90.00 and set a “buy” rating on the stock in a research note on Friday, January 28th. Three investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Buy” and a consensus target price of $98.12.

Several large investors have recently made changes to their positions in PLXS. Norges Bank bought a new position in shares of Plexus during the fourth quarter valued at $27,891,000. BlackRock Inc. lifted its holdings in shares of Plexus by 5.3% during the fourth quarter. BlackRock Inc. now owns 4,410,139 shares of the technology company’s stock valued at $422,888,000 after purchasing an additional 220,050 shares in the last quarter. BNP Paribas Asset Management Holding S.A. lifted its holdings in shares of Plexus by 8.5% during the third quarter. BNP Paribas Asset Management Holding S.A. now owns 845,116 shares of the technology company’s stock valued at $75,562,000 after purchasing an additional 66,441 shares in the last quarter. State Street Corp lifted its holdings in shares of Plexus by 6.4% during the fourth quarter. State Street Corp now owns 1,012,433 shares of the technology company’s stock valued at $97,082,000 after purchasing an additional 61,141 shares in the last quarter. Finally, Morgan Stanley lifted its holdings in shares of Plexus by 61.2% during the second quarter. Morgan Stanley now owns 136,070 shares of the technology company’s stock valued at $12,437,000 after purchasing an additional 51,646 shares in the last quarter. 94.92% of the stock is currently owned by hedge funds and other institutional investors.

Plexus Company Profile (Get Rating)

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 to companies in the healthcare/life sciences, industrial/commercial, aerospace/defense, and communications market sectors.

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