Plexus Corp. (NASDAQ:PLXS) EVP Ronnie Darroch Sells 2,770 Shares of Stock

Plexus Corp. (NASDAQ:PLXSGet Rating) EVP Ronnie Darroch sold 2,770 shares of Plexus stock in a transaction dated Friday, November 18th. The shares were sold at an average price of $107.30, for a total value of $297,221.00. The sale was disclosed in a filing with the SEC, which is available at this hyperlink.

Plexus Stock Performance

Shares of NASDAQ PLXS opened at $107.04 on Tuesday. The stock has a market cap of $2.97 billion, a price-to-earnings ratio of 21.93 and a beta of 1.11. The company has a current ratio of 1.40, a quick ratio of 0.60 and a debt-to-equity ratio of 0.17. Plexus Corp. has a 1-year low of $72.88 and a 1-year high of $107.89. The stock’s 50-day moving average is $94.99 and its 200 day moving average is $89.04.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on PLXS shares. Needham & Company LLC lifted their price target on Plexus from $105.00 to $112.00 and gave the company a “buy” rating in a research report on Friday, October 28th. Raymond James lifted their price target on Plexus from $105.00 to $115.00 and gave the company an “outperform” rating in a research report on Friday, October 28th. JPMorgan Chase & Co. downgraded Plexus from a “neutral” rating to an “underweight” rating and set a $85.00 price target for the company. in a research report on Friday, August 12th. StockNews.com began coverage on Plexus in a research report on Wednesday, October 12th. They set a “hold” rating for the company. Finally, Benchmark raised their price objective on Plexus to $110.00 in a report on Tuesday, November 1st. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $105.50.

Hedge Funds Weigh In On Plexus

A number of large investors have recently bought and sold shares of PLXS. Credit Agricole S A purchased a new position in Plexus in the 3rd quarter worth approximately $25,000. BDO Wealth Advisors LLC purchased a new position in Plexus in the 3rd quarter worth approximately $27,000. Quadrant Capital Group LLC increased its stake in Plexus by 138.6% in the 2nd quarter. Quadrant Capital Group LLC now owns 396 shares of the technology company’s stock worth $31,000 after purchasing an additional 230 shares during the period. Ronald Blue Trust Inc. increased its stake in Plexus by 292.8% in the 3rd quarter. Ronald Blue Trust Inc. now owns 436 shares of the technology company’s stock worth $34,000 after purchasing an additional 325 shares during the period. Finally, Wipfli Financial Advisors LLC purchased a new position in Plexus in the 3rd quarter worth approximately $74,000. 96.53% of the stock is owned by hedge funds and other institutional investors.

About Plexus

(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.

Further Reading

Insider Buying and Selling by Quarter for Plexus (NASDAQ:PLXS)

Receive News & Ratings for Plexus Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Plexus and related companies with MarketBeat.com's FREE daily email newsletter.