Plexus Corp. (NASDAQ:PLXS) CEO Todd P. Kelsey Sells 2,000 Shares of Stock

Plexus Corp. (NASDAQ:PLXS) CEO Todd P. Kelsey sold 2,000 shares of the company’s stock in a transaction that occurred on Wednesday, February 19th. The shares were sold at an average price of $140.00, for a total value of $280,000.00. Following the completion of the transaction, the chief executive officer now owns 87,665 shares in the company, valued at approximately $12,273,100. The trade was a 2.23 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website.

Plexus Trading Down 0.3 %

Plexus stock opened at $139.66 on Friday. The stock has a market cap of $3.78 billion, a P/E ratio of 32.40 and a beta of 0.89. Plexus Corp. has a fifty-two week low of $90.18 and a fifty-two week high of $172.89. The firm’s fifty day moving average price is $153.70 and its 200-day moving average price is $144.70. 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 (NASDAQ:PLXS) last released its quarterly earnings results on Wednesday, January 22nd. The technology company reported $1.49 earnings per share for the quarter, missing the consensus estimate of $1.59 by ($0.10). Plexus had a return on equity of 10.36% and a net margin of 3.03%. Equities research analysts forecast that Plexus Corp. will post 5.9 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Disciplined Growth Investors Inc. MN boosted its position in Plexus by 2.8% during 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 buying an additional 59,465 shares during the period. Pacer Advisors Inc. purchased a new stake in Plexus during the fourth quarter valued at about $107,489,000. Geode Capital Management LLC boosted its position in Plexus by 0.8% during the third quarter. Geode Capital Management LLC now owns 653,759 shares of the technology company’s stock valued at $89,392,000 after buying an additional 4,926 shares during the period. American Century Companies Inc. boosted its position in Plexus by 72.2% during the fourth quarter. American Century Companies Inc. now owns 544,017 shares of the technology company’s stock valued at $85,128,000 after buying an additional 228,027 shares during the period. Finally, Charles Schwab Investment Management Inc. boosted its position in Plexus by 0.7% during the third quarter. Charles Schwab Investment Management Inc. now owns 421,903 shares of the technology company’s stock valued at $57,678,000 after buying an additional 2,886 shares during the period. Institutional investors own 94.45% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on PLXS shares. Stifel Nicolaus started coverage on shares of Plexus in a report on Tuesday, February 4th. They set a “hold” rating and a $152.00 target price on the stock. Benchmark reissued a “buy” rating and set a $165.00 target price on shares of Plexus in a report on Wednesday, January 22nd. StockNews.com raised shares of Plexus from a “hold” rating to a “buy” rating in a report on Monday, November 18th. Finally, Needham & Company LLC upped their price target on shares of Plexus from $162.00 to $172.00 and gave the stock a “buy” rating in a report on Friday, January 24th. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, Plexus currently has an average rating of “Moderate Buy” and a consensus price target of $163.00.

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.