Plexus Corp. (NASDAQ:PLXS) CEO Todd P. Kelsey Sells 1,500 Shares

Key Points

• Todd P. Kelsey, CEO of Plexus Corp., sold 1,500 shares at an average price of $125.63, leading to a total of $188,445 in proceeds while decreasing his ownership by 2.03%.
• Plexus's stock recently traded at $130.53, showing a slight increase of 0.7%, with a market cap of approximately $3.52 billion.
• The company reported earnings of $1.90 per share for the last quarter, exceeding analysts' expectations, and expects to post 5.9 EPS for the current fiscal year.

Plexus Corp. (NASDAQ:PLXS - Get Free Report) CEO Todd P. Kelsey sold 1,500 shares of the company's stock in a transaction dated Friday, August 1st. The shares were sold at an average price of $125.63, for a total transaction of $188,445.00. Following the sale, the chief executive officer owned 72,214 shares of the company's stock, valued at $9,072,244.82. This trade represents a 2.03% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Plexus Stock Up 0.7%

NASDAQ:PLXS traded up $0.91 on Tuesday, hitting $130.53. 211,911 shares of the company's stock were exchanged, compared to its average volume of 229,137. The firm has a 50-day moving average price of $132.77 and a 200-day moving average price of $131.78. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.58 and a quick ratio of 0.74. Plexus Corp. has a 52 week low of $103.43 and a 52 week high of $172.89. The company has a market cap of $3.52 billion, a P/E ratio of 22.24 and a beta of 0.80.

Plexus (NASDAQ:PLXS - Get Free Report) last released its quarterly earnings data on Wednesday, July 23rd. The technology company reported $1.90 earnings per share for the quarter, topping the consensus estimate of $1.71 by $0.19. The company had revenue of $1.02 billion for the quarter, compared to analyst estimates of $1.02 billion. Plexus had a net margin of 4.04% and a return on equity of 12.33%. Plexus's revenue for the quarter was up 6.0% compared to the same quarter last year. During the same period in the previous year, the business earned $1.45 EPS. As a group, analysts expect that Plexus Corp. will post 5.9 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in PLXS. Aquatic Capital Management LLC grew its position in shares of Plexus by 134.0% during the 4th quarter. Aquatic Capital Management LLC now owns 234 shares of the technology company's stock worth $37,000 after purchasing an additional 134 shares in the last quarter. Huntington National Bank lifted its holdings in shares of Plexus by 41.5% during the 2nd quarter. Huntington National Bank now owns 324 shares of the technology company's stock worth $44,000 after acquiring an additional 95 shares during the period. Versant Capital Management Inc lifted its holdings in shares of Plexus by 1,000.0% during the 1st quarter. Versant Capital Management Inc now owns 473 shares of the technology company's stock worth $61,000 after acquiring an additional 430 shares during the period. TD Private Client Wealth LLC lifted its holdings in shares of Plexus by 185.6% during the 1st quarter. TD Private Client Wealth LLC now owns 514 shares of the technology company's stock worth $66,000 after acquiring an additional 334 shares during the period. Finally, Banque Transatlantique SA bought a new stake in shares of Plexus during the 1st quarter worth approximately $71,000. Institutional investors and hedge funds own 94.45% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the company. Wall Street Zen raised Plexus from a "buy" rating to a "strong-buy" rating in a research report on Monday, June 30th. Needham & Company LLC cut their price target on shares of Plexus from $162.00 to $158.00 and set a "buy" rating for the company in a research note on Thursday, July 24th. Stifel Nicolaus set a $140.00 price target on shares of Plexus in a research note on Thursday, July 24th. Benchmark restated a "buy" rating and set a $160.00 price target on shares of Plexus in a research note on Wednesday, June 4th. Finally, Sidoti upgraded shares of Plexus from a "neutral" rating to a "buy" rating and raised their price target for the stock from $135.00 to $150.00 in a research note on Friday, July 25th. Two analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $152.00.

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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