Angelo Michael Ninivaggi, Jr. Sells 2,250 Shares of Plexus Corp. (NASDAQ:PLXS) Stock

Plexus Corp. (NASDAQ:PLXS) CAO Angelo Michael Ninivaggi, Jr. sold 2,250 shares of the stock in a transaction on Friday, May 3rd. The shares were sold at an average price of $102.66, for a total transaction of $230,985.00. Following the transaction, the chief accounting officer now owns 38,560 shares in the company, valued at $3,958,569.60. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

Plexus Stock Up 0.6 %

NASDAQ:PLXS opened at $107.04 on Thursday. The firm has a market capitalization of $2.95 billion, a PE ratio of 29.57 and a beta of 1.00. Plexus Corp. has a 52 week low of $85.35 and a 52 week high of $114.06. The company has a current ratio of 1.51, a quick ratio of 0.64 and a debt-to-equity ratio of 0.15. The stock has a 50 day moving average of $96.04 and a 200-day moving average of $99.02.

Plexus (NASDAQ:PLXS) last issued its quarterly earnings data on Wednesday, April 24th. The technology company reported $0.94 EPS for the quarter, topping analysts’ consensus estimates of $0.87 by $0.07. The firm had revenue of $966.90 million during the quarter, compared to the consensus estimate of $950.75 million. Plexus had a return on equity of 10.77% and a net margin of 2.54%. The firm’s revenue was down 9.7% on a year-over-year basis. During the same period in the prior year, the business earned $1.45 EPS. Analysts predict that Plexus Corp. will post 3.61 EPS for the current year.

Institutional Trading of Plexus

Large investors have recently modified their holdings of the company. Parallel Advisors LLC grew its position in Plexus by 72.3% in the 4th quarter. Parallel Advisors LLC now owns 348 shares of the technology company’s stock worth $38,000 after purchasing an additional 146 shares during the last quarter. GAMMA Investing LLC acquired a new position in shares of Plexus during the fourth quarter worth approximately $44,000. Cetera Trust Company N.A bought a new position in Plexus in the 4th quarter worth approximately $54,000. McGlone Suttner Wealth Management Inc. acquired a new stake in Plexus in the 4th quarter valued at approximately $66,000. Finally, TFO Wealth Partners LLC raised its stake in Plexus by 86,050.0% during the 4th quarter. TFO Wealth Partners LLC now owns 1,723 shares of the technology company’s stock valued at $186,000 after acquiring an additional 1,721 shares in the last quarter. Institutional investors and hedge funds own 94.45% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on PLXS shares. Needham & Company LLC increased their price target on shares of Plexus from $107.00 to $114.00 and gave the stock a “buy” rating in a research report on Friday, April 26th. Stifel Nicolaus increased their target price on Plexus from $90.00 to $95.00 and gave the stock a “hold” rating in a report on Friday, April 26th. Benchmark reiterated a “buy” rating and issued a $110.00 price target on shares of Plexus in a report on Wednesday, January 17th. Finally, TheStreet downgraded shares of Plexus from a “b” rating to a “c+” rating in a report on Tuesday, February 13th. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $107.75.

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.