Plexus Corp. (NASDAQ:PLXS) CEO Todd P. Kelsey Sells 4,337 Shares

Plexus Corp. (NASDAQ:PLXS) CEO Todd P. Kelsey sold 4,337 shares of the business’s stock in a transaction that occurred on Wednesday, February 5th. The stock was sold at an average price of $142.23, for a total value of $616,851.51. Following the sale, the chief executive officer now directly owns 80,595 shares of the company’s stock, valued at $11,463,026.85. This represents a 5.11 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website.

Plexus Stock Performance

PLXS stock opened at $141.95 on Friday. The firm has a market cap of $3.84 billion, a PE ratio of 32.94 and a beta of 0.89. The company has a quick ratio of 0.70, a current ratio of 1.53 and a debt-to-equity ratio of 0.07. The business has a 50 day moving average of $159.02 and a 200-day moving average of $143.55. Plexus Corp. has a 12-month low of $90.18 and a 12-month high of $172.89.

Plexus (NASDAQ:PLXS) last posted its quarterly earnings data on Wednesday, January 22nd. The technology company reported $1.49 EPS for the quarter, missing the consensus estimate of $1.59 by ($0.10). Plexus had a net margin of 3.03% and a return on equity of 10.36%. As a group, sell-side analysts expect that Plexus Corp. will post 5.97 earnings per share for the current year.

Analysts Set New Price Targets

A number of analysts have commented on the company. StockNews.com raised Plexus from a “hold” rating to a “buy” rating in a report on Monday, November 18th. Benchmark reissued a “buy” rating and set a $165.00 price objective on shares of Plexus in a report on Wednesday, January 22nd. KeyCorp initiated coverage on Plexus in a report on Tuesday, October 22nd. They issued a “sector weight” rating for the company. Needham & Company LLC upped their target price on Plexus from $162.00 to $172.00 and gave the company a “buy” rating in a report on Friday, January 24th. Finally, Stifel Nicolaus initiated coverage on Plexus in a report on Tuesday. They issued a “hold” rating and a $152.00 target price for the company. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $163.00.

Hedge Funds Weigh In On Plexus

Several institutional investors have recently bought and sold shares of PLXS. The Manufacturers Life Insurance Company lifted its stake in Plexus by 2.7% in the second quarter. The Manufacturers Life Insurance Company now owns 14,864 shares of the technology company’s stock valued at $1,534,000 after purchasing an additional 384 shares during the last quarter. Algert Global LLC purchased a new position in Plexus in the second quarter valued at approximately $287,000. Creative Planning lifted its stake in Plexus by 47.1% in the second quarter. Creative Planning now owns 9,371 shares of the technology company’s stock valued at $967,000 after purchasing an additional 2,999 shares during the last quarter. Handelsbanken Fonder AB lifted its stake in Plexus by 10.6% in the third quarter. Handelsbanken Fonder AB now owns 6,237 shares of the technology company’s stock valued at $853,000 after purchasing an additional 600 shares during the last quarter. Finally, GAMMA Investing LLC lifted its position in shares of Plexus by 190.1% during the third quarter. GAMMA Investing LLC now owns 760 shares of the technology company’s stock worth $104,000 after acquiring an additional 498 shares in the last quarter. Hedge funds and other institutional investors own 94.45% of the company’s stock.

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.