Analysts Set Plexus Corp. (NASDAQ:PLXS) PT at $133.50

Plexus Corp. (NASDAQ:PLXS) has earned a consensus rating of “Hold” from the five research firms that are presently covering the stock, Marketbeat.com reports. Three analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is $133.50.

Several brokerages recently weighed in on PLXS. StockNews.com upgraded Plexus from a “hold” rating to a “buy” rating in a research report on Monday. Benchmark upped their price target on Plexus from $150.00 to $165.00 and gave the company a “buy” rating in a research note on Monday, October 28th. Needham & Company LLC raised their price objective on Plexus from $144.00 to $162.00 and gave the stock a “buy” rating in a research report on Friday, October 25th. Finally, KeyCorp started coverage on shares of Plexus in a report on Tuesday, October 22nd. They issued a “sector weight” rating on the stock.

Insider Buying and Selling at Plexus

In related news, CAO Angelo Michael Ninivaggi, Jr. sold 3,113 shares of the stock in a transaction on Tuesday, October 29th. The stock was sold at an average price of $144.19, for a total value of $448,863.47. Following the transaction, the chief accounting officer now directly owns 35,323 shares of the company’s stock, valued at approximately $5,093,223.37. This trade represents a 8.10 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Michael J. Running sold 579 shares of Plexus stock in a transaction that occurred on Thursday, November 14th. The shares were sold at an average price of $153.93, for a total transaction of $89,125.47. Following the transaction, the insider now directly owns 1,569 shares in the company, valued at approximately $241,516.17. This trade represents a 26.96 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 33,552 shares of company stock valued at $5,250,872. Insiders own 2.39% of the company’s stock.

Hedge Funds Weigh In On Plexus

Institutional investors and hedge funds have recently bought and sold shares of the stock. Vanguard Group Inc. lifted its holdings in Plexus by 2.2% in the 1st quarter. Vanguard Group Inc. now owns 3,515,866 shares of the technology company’s stock worth $333,374,000 after buying an additional 74,988 shares in the last quarter. Disciplined Growth Investors Inc. MN boosted its holdings in Plexus by 2.8% in the third quarter. Disciplined Growth Investors Inc. MN now owns 2,168,512 shares of the technology company’s stock valued at $296,457,000 after purchasing an additional 59,465 shares during the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. grew its stake in Plexus by 8.8% during the 2nd quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 1,079,340 shares of the technology company’s stock valued at $111,366,000 after purchasing an additional 87,574 shares in the last quarter. Earnest Partners LLC grew its stake in Plexus by 3.0% during the 2nd quarter. Earnest Partners LLC now owns 788,196 shares of the technology company’s stock valued at $81,326,000 after purchasing an additional 23,074 shares in the last quarter. Finally, Geode Capital Management LLC increased its holdings in Plexus by 0.8% during the 3rd quarter. Geode Capital Management LLC now owns 653,759 shares of the technology company’s stock worth $89,392,000 after purchasing an additional 4,926 shares during the last quarter. Hedge funds and other institutional investors own 94.45% of the company’s stock.

Plexus Stock Performance

PLXS opened at $156.21 on Friday. Plexus has a twelve month low of $90.18 and a twelve month high of $169.41. The firm has a market capitalization of $4.25 billion, a PE ratio of 38.96 and a beta of 0.87. The company has a current ratio of 1.51, a quick ratio of 0.71 and a debt-to-equity ratio of 0.07. The firm’s 50-day moving average price is $140.17 and its 200 day moving average price is $122.81.

Plexus (NASDAQ:PLXS) last issued its earnings results on Wednesday, October 23rd. The technology company reported $1.85 earnings per share for the quarter, topping the consensus estimate of $1.55 by $0.30. Plexus had a return on equity of 9.51% and a net margin of 2.82%. The business had revenue of $1.05 billion for the quarter, compared to analysts’ expectations of $1.01 billion. During the same period in the previous year, the firm posted $1.44 EPS. The business’s revenue for the quarter was up 2.6% compared to the same quarter last year. As a group, sell-side analysts expect that Plexus will post 6.13 EPS for the current fiscal year.

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.