Patrick John Jermain Sells 2,385 Shares of Plexus Corp. (NASDAQ:PLXS) Stock

Plexus Corp. (NASDAQ:PLXSGet Rating) CFO Patrick John Jermain sold 2,385 shares of the firm’s stock in a transaction dated Wednesday, May 4th. The shares were sold at an average price of $82.49, for a total value of $196,738.65. Following the completion of the transaction, the chief financial officer now directly owns 47,934 shares in the company, valued at $3,954,075.66. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

Shares of Plexus stock opened at $81.52 on Friday. The company has a market capitalization of $2.29 billion, a PE ratio of 21.01 and a beta of 1.10. Plexus Corp. has a 1-year low of $72.88 and a 1-year high of $101.17. The business has a 50-day moving average of $81.40 and a 200-day moving average of $85.91. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.47 and a quick ratio of 0.64.

Plexus (NASDAQ:PLXSGet Rating) last posted its quarterly 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. The business had revenue of $888.70 million during the quarter, compared to the consensus estimate of $839.76 million. Plexus had a return on equity of 11.05% and a net margin of 3.31%. The company’s revenue for the quarter was up .9% compared to the same quarter last year. During the same period last year, the firm earned $1.49 earnings per share. On average, equities analysts expect that Plexus Corp. will post 4.1 earnings per share for the current fiscal year.

Large investors have recently bought and sold shares of the stock. Quadrant Capital Group LLC grew its stake in Plexus by 51.2% in the fourth quarter. Quadrant Capital Group LLC now owns 384 shares of the technology company’s stock worth $37,000 after purchasing an additional 130 shares in the last quarter. Pinebridge Investments L.P. acquired a new position in Plexus in the fourth quarter worth about $77,000. Johnson Financial Group Inc. acquired a new position in Plexus in the fourth quarter valued at approximately $79,000. Point72 Hong Kong Ltd acquired a new position in Plexus in the third quarter valued at approximately $85,000. Finally, Eaton Vance Management boosted its stake in Plexus by 11.3% in the fourth quarter. Eaton Vance Management now owns 1,982 shares of the technology company’s stock valued at $98,000 after acquiring an additional 202 shares during the period. Institutional investors and hedge funds own 94.92% of the company’s stock.

PLXS has been the topic of several research reports. Zacks Investment Research raised Plexus from a “strong sell” rating to a “hold” rating and set a $88.00 price objective on the stock in a research report on Wednesday, March 30th. assumed coverage on Plexus in a research report on Thursday, March 31st. They issued a “hold” rating on the stock. Needham & Company LLC lowered their target price on Plexus from $95.00 to $90.00 and set a “buy” rating for the company in a research note on Friday, January 28th. Finally, TheStreet downgraded Plexus from a “b” rating to a “c+” rating in a research note on Thursday, February 24th. Three research analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from, Plexus presently has an average rating of “Buy” and an average target price of $98.12.

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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