Plexus Corp. (NASDAQ:PLXS) Insider Sells $169,008.00 in Stock

Plexus Corp. (NASDAQ:PLXS) insider Frank Zycinski sold 1,200 shares of Plexus stock in a transaction on Monday, February 10th. The stock was sold at an average price of $140.84, for a total transaction of $169,008.00. Following the sale, the insider now directly owns 723 shares in the company, valued at $101,827.32. This trade represents a 62.40 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Plexus Trading Down 0.5 %

NASDAQ PLXS opened at $139.19 on Friday. Plexus Corp. has a one year low of $90.18 and a one year high of $172.89. The company has a 50-day simple moving average of $155.93 and a 200-day simple moving average of $144.27. The company has a debt-to-equity ratio of 0.07, a quick ratio of 0.70 and a current ratio of 1.53. The firm has a market capitalization of $3.76 billion, a PE ratio of 32.29 and a beta of 0.89.

Plexus (NASDAQ:PLXS) last posted its quarterly earnings results 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%. On average, equities analysts forecast that Plexus Corp. will post 5.94 earnings per share for the current year.

Analyst Ratings Changes

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

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of PLXS. TD Private Client Wealth LLC acquired a new position in Plexus during the 4th quarter valued at about $28,000. Quarry LP boosted its stake in Plexus by 573.5% during the 3rd quarter. Quarry LP now owns 229 shares of the technology company’s stock valued at $31,000 after purchasing an additional 195 shares during the period. Aquatic Capital Management LLC boosted its stake in Plexus by 134.0% during the 4th quarter. Aquatic Capital Management LLC now owns 234 shares of the technology company’s stock valued at $37,000 after purchasing an additional 134 shares during the period. R Squared Ltd acquired a new position in Plexus during the 4th quarter valued at about $45,000. Finally, Nomura Asset Management Co. Ltd. boosted its stake in Plexus by 45.5% during the 4th quarter. Nomura Asset Management Co. Ltd. now owns 320 shares of the technology company’s stock valued at $50,000 after purchasing an additional 100 shares during the period. 94.45% of the stock is owned by institutional investors and hedge funds.

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.