Plexus Corp. (NASDAQ:PLXS – Get Free Report) CEO Todd P. Kelsey sold 1,000 shares of the business’s stock in a transaction on Monday, April 29th. The stock was sold at an average price of $102.10, for a total value of $102,100.00. Following the sale, the chief executive officer now directly owns 113,810 shares in the company, valued at $11,620,001. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
Plexus Stock Performance
Shares of NASDAQ PLXS opened at $103.39 on Friday. The business’s 50-day moving average price is $95.10 and its two-hundred day moving average price is $98.62. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.51 and a quick ratio of 0.64. Plexus Corp. has a one year low of $83.84 and a one year high of $114.06. The company has a market capitalization of $2.85 billion, a P/E ratio of 28.56 and a beta of 1.00.
Plexus (NASDAQ:PLXS – Get Free Report) last issued its earnings results on Wednesday, April 24th. The technology company reported $0.94 EPS for the quarter, beating analysts’ consensus estimates of $0.87 by $0.07. Plexus had a return on equity of 10.77% and a net margin of 2.54%. The firm had revenue of $966.90 million for the quarter, compared to the consensus estimate of $950.75 million. During the same quarter in the previous year, the company posted $1.45 earnings per share. The business’s quarterly revenue was down 9.7% compared to the same quarter last year. Analysts anticipate that Plexus Corp. will post 3.61 earnings per share for the current fiscal year.
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Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently bought and sold shares of PLXS. Parallel Advisors LLC grew its stake in Plexus by 72.3% in the fourth quarter. Parallel Advisors LLC now owns 348 shares of the technology company’s stock valued at $38,000 after purchasing an additional 146 shares in the last quarter. GAMMA Investing LLC purchased a new position in Plexus in the fourth quarter valued at about $44,000. Cetera Trust Company N.A bought a new stake in shares of Plexus during the 4th quarter worth about $54,000. McGlone Suttner Wealth Management Inc. bought a new stake in shares of Plexus during the 4th quarter worth about $66,000. Finally, TFO Wealth Partners LLC boosted its stake in shares of Plexus by 86,050.0% during the 4th quarter. TFO Wealth Partners LLC now owns 1,723 shares of the technology company’s stock worth $186,000 after acquiring an additional 1,721 shares in the last quarter. Hedge funds and other institutional investors own 94.45% of the company’s stock.
Plexus Company Profile
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.
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