Analysts Set Plexus Corp. (NASDAQ:PLXS) PT at $112.00

Plexus Corp. (NASDAQ:PLXS - Get Free Report) has received a consensus recommendation of "Moderate Buy" from the four research firms that are covering the company, Marketbeat.com reports. Two analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is $107.75.

PLXS has been the topic of a number of analyst reports. Stifel Nicolaus lifted their price objective on Plexus from $90.00 to $95.00 and gave the company a "hold" rating in a report on Friday. Sidoti lowered Plexus from a "buy" rating to a "neutral" rating and set a $112.00 price target on the stock. in a research note on Tuesday, January 9th. Benchmark reissued a "buy" rating and set a $110.00 price target on shares of Plexus in a research note on Wednesday, January 17th. Needham & Company LLC boosted their price target on Plexus from $107.00 to $114.00 and gave the stock a "buy" rating in a research note on Friday. Finally, TheStreet lowered Plexus from a "b" rating to a "c+" rating in a research note on Tuesday, February 13th.

Plexus Stock Performance

Shares of PLXS traded up $1.19 during mid-day trading on Friday, hitting $100.28. 127,248 shares of the company's stock were exchanged, compared to its average volume of 118,055. Plexus has a fifty-two week low of $83.84 and a fifty-two week high of $114.06. The firm has a market capitalization of $2.77 billion, a P/E ratio of 27.70 and a beta of 1.02. The business's 50 day moving average is $94.38 and its two-hundred day moving average is $98.38. The company has a current ratio of 1.52, a quick ratio of 0.62 and a debt-to-equity ratio of 0.15.

Plexus (NASDAQ:PLXS - Get Free Report) last announced its earnings results on Wednesday, April 24th. The technology company reported $0.94 earnings per share for the quarter, topping the consensus estimate of $0.87 by $0.07. Plexus had a net margin of 2.54% and a return on equity of 10.86%. The business had revenue of $966.90 million during the quarter, compared to the consensus estimate of $950.75 million. During the same quarter in the prior year, the firm earned $1.45 earnings per share. The business's quarterly revenue was down 9.7% compared to the same quarter last year. On average, equities analysts expect that Plexus will post 4.36 earnings per share for the current year.

Insider Transactions at Plexus

In other news, CFO Patrick John Jermain sold 4,748 shares of the company's stock in a transaction on Wednesday, January 31st. The stock was sold at an average price of $95.47, for a total transaction of $453,291.56. Following the completion of the sale, the chief financial officer now directly owns 49,903 shares in the company, valued at approximately $4,764,239.41. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In related news, CEO Todd P. Kelsey sold 2,000 shares of the company's stock in a transaction on Thursday, February 29th. The shares were sold at an average price of $94.00, for a total transaction of $188,000.00. Following the completion of the sale, the chief executive officer now directly owns 121,310 shares of the company's stock, valued at approximately $11,403,140. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO Patrick John Jermain sold 4,748 shares of the company's stock in a transaction on Wednesday, January 31st. The stock was sold at an average price of $95.47, for a total transaction of $453,291.56. Following the sale, the chief financial officer now directly owns 49,903 shares of the company's stock, valued at $4,764,239.41. The disclosure for this sale can be found here. Insiders sold a total of 32,453 shares of company stock worth $3,112,875 in the last ninety days. Insiders own 2.39% of the company's stock.

Institutional Trading of Plexus

A number of institutional investors have recently added to or reduced their stakes in the business. Speece Thorson Capital Group Inc. purchased a new position in Plexus in the 1st quarter valued at about $1,612,000. AlphaMark Advisors LLC purchased a new position in Plexus in the 1st quarter valued at about $267,000. Bridge City Capital LLC purchased a new position in Plexus in the 1st quarter valued at about $2,149,000. Congress Asset Management Co. MA boosted its position in Plexus by 1.1% in the 1st quarter. Congress Asset Management Co. MA now owns 16,273 shares of the technology company's stock valued at $1,543,000 after buying an additional 184 shares during the last quarter. Finally, Quadrature Capital Ltd boosted its position in Plexus by 49.9% in the 4th quarter. Quadrature Capital Ltd now owns 21,208 shares of the technology company's stock valued at $2,287,000 after buying an additional 7,057 shares during the last quarter. 94.45% of the stock is owned by hedge funds and other institutional investors.

About Plexus

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.