Plexus Corp. (NASDAQ:PLXS) CEO Sells $194,805.00 in Stock

Plexus Corp. (NASDAQ:PLXS - Get Free Report) CEO Todd P. Kelsey sold 1,500 shares of the business's stock in a transaction that occurred on Monday, June 2nd. The shares were sold at an average price of $129.87, for a total transaction of $194,805.00. Following the completion of the sale, the chief executive officer now owns 75,214 shares of the company's stock, valued at approximately $9,768,042.18. The trade was a 1.96% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.

Plexus Stock Performance

Shares of NASDAQ:PLXS traded up $0.17 on Thursday, hitting $132.05. The company's stock had a trading volume of 30,780 shares, compared to its average volume of 168,259. The stock's 50-day moving average is $125.94 and its two-hundred day moving average is $140.88. The company has a market capitalization of $3.58 billion, a price-to-earnings ratio of 30.64 and a beta of 0.80. The company has a debt-to-equity ratio of 0.07, a quick ratio of 0.70 and a current ratio of 1.53. Plexus Corp. has a 12 month low of $100.96 and a 12 month high of $172.89.

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

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Barclays PLC grew its stake in Plexus by 139.4% in the third quarter. Barclays PLC now owns 48,786 shares of the technology company's stock valued at $6,669,000 after purchasing an additional 28,406 shares in the last quarter. KBC Group NV raised its position in Plexus by 59.9% during the fourth quarter. KBC Group NV now owns 1,180 shares of the technology company's stock valued at $185,000 after acquiring an additional 442 shares in the last quarter. Allspring Global Investments Holdings LLC acquired a new position in shares of Plexus during the 4th quarter worth $783,000. Franklin Resources Inc. bought a new stake in Plexus in the fourth quarter worth $928,000. Finally, LPL Financial LLC boosted its stake in shares of Plexus by 170.5% during the 4th quarter. LPL Financial LLC now owns 8,508 shares of the technology company's stock worth $1,331,000 after acquiring an additional 5,363 shares in the last quarter. 94.45% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

PLXS has been the subject of a number of research reports. Benchmark reiterated a "buy" rating and set a $160.00 target price on shares of Plexus in a report on Wednesday. Stifel Nicolaus set a $145.00 price objective on shares of Plexus in a research note on Thursday, April 24th. Finally, Needham & Company LLC restated a "buy" rating and set a $162.00 price objective (down previously from $172.00) on shares of Plexus in a research note on Friday, April 25th. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $155.67.

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.