Plexus Corp. (NASDAQ:PLXS) CEO Sells $130,000.00 in Stock

Plexus Corp. (NASDAQ:PLXS - Get Free Report) CEO Todd P. Kelsey sold 1,000 shares of the business's stock in a transaction dated Friday, May 23rd. The stock was sold at an average price of $130.00, for a total value of $130,000.00. Following the completion of the sale, the chief executive officer now owns 78,714 shares in the company, valued at $10,232,820. This represents a 1.25% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website.

Plexus Trading Down 0.8%

NASDAQ:PLXS traded down $1.01 during midday trading on Friday, hitting $130.72. The stock had a trading volume of 200,701 shares, compared to its average volume of 168,587. Plexus Corp. has a one year low of $100.96 and a one year high of $172.89. The company has a market capitalization of $3.54 billion, a price-to-earnings ratio of 30.33 and a beta of 0.80. The stock has a 50-day moving average of $125.79 and a 200 day moving average of $141.34. The company has a quick ratio of 0.70, a current ratio of 1.53 and a debt-to-equity ratio of 0.07.

Plexus (NASDAQ:PLXS - Get Free Report) last posted its earnings results on Wednesday, April 23rd. The technology company reported $1.66 earnings per share for the quarter, topping analysts' consensus estimates of $1.54 by $0.12. The company had revenue of $980.17 million during the quarter, compared to analyst estimates of $980.07 million. Plexus had a return on equity of 10.36% and a net margin of 3.03%. Plexus's revenue was up 1.4% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.94 earnings per share. As a group, sell-side analysts forecast that Plexus Corp. will post 5.9 EPS for the current year.

Institutional Trading of Plexus

A number of hedge funds have recently bought and sold shares of the stock. BNP PARIBAS ASSET MANAGEMENT Holding S.A. lifted its holdings in Plexus by 0.6% during the first quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 975,612 shares of the technology company's stock worth $125,005,000 after buying an additional 6,257 shares during the period. Pacer Advisors Inc. purchased a new stake in shares of Plexus during the 4th quarter valued at $107,489,000. American Century Companies Inc. lifted its holdings in shares of Plexus by 24.7% during the 1st quarter. American Century Companies Inc. now owns 678,222 shares of the technology company's stock valued at $86,901,000 after purchasing an additional 134,205 shares during the last quarter. Nuveen Asset Management LLC lifted its holdings in shares of Plexus by 6.6% during the 4th quarter. Nuveen Asset Management LLC now owns 351,557 shares of the technology company's stock valued at $55,012,000 after purchasing an additional 21,911 shares during the last quarter. Finally, Fuller & Thaler Asset Management Inc. lifted its holdings in shares of Plexus by 120.4% during the 1st quarter. Fuller & Thaler Asset Management Inc. now owns 348,510 shares of the technology company's stock valued at $44,655,000 after purchasing an additional 190,360 shares during the last quarter. Hedge funds and other institutional investors own 94.45% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on PLXS shares. Benchmark reissued a "buy" rating and set a $160.00 price objective on shares of Plexus in a research note on Friday, May 16th. Stifel Nicolaus set a $145.00 target price on Plexus in a research note on Thursday, April 24th. Finally, Needham & Company LLC reaffirmed a "buy" rating and set a $162.00 target price (down previously from $172.00) on shares of Plexus in a research note on Friday, April 25th. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, Plexus presently has an average rating of "Moderate Buy" and a consensus target price of $155.67.

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.