Insider Selling: Plexus Corp. (PLXS) CEO Sells $459,675.00 in Stock

Plexus Corp. (NASDAQ:PLXS) CEO Todd P. Kelsey sold 7,500 shares of the company’s stock in a transaction dated Friday, November 10th. The shares were sold at an average price of $61.29, for a total transaction of $459,675.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Plexus Corp. (NASDAQ PLXS) opened at $60.93 on Friday. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.06 and a current ratio of 1.78. Plexus Corp. has a 12-month low of $49.06 and a 12-month high of $62.56. The company has a market cap of $2,024.57, a PE ratio of 18.67 and a beta of 0.90.

Plexus Corp. (NASDAQ:PLXS) last issued its quarterly earnings results on Wednesday, October 25th. The technology company reported $0.84 EPS for the quarter, topping the consensus estimate of $0.82 by $0.02. Plexus Corp. had a net margin of 4.43% and a return on equity of 11.48%. The business had revenue of $670.00 million for the quarter, compared to analysts’ expectations of $676.23 million. During the same quarter last year, the company posted $0.82 earnings per share. The company’s quarterly revenue was up 2.6% compared to the same quarter last year. research analysts forecast that Plexus Corp. will post 3.41 EPS for the current fiscal year.

TRADEMARK VIOLATION WARNING: This report was originally published by Sports Perspectives and is owned by of Sports Perspectives. If you are reading this report on another site, it was illegally stolen and republished in violation of United States and international copyright laws. The original version of this report can be read at https://sportsperspectives.com/2017/11/17/insider-selling-plexus-corp-plxs-ceo-sells-459675-00-in-stock.html.

Several hedge funds have recently modified their holdings of the company. Dean Investment Associates LLC lifted its position in shares of Plexus Corp. by 5.2% during the third quarter. Dean Investment Associates LLC now owns 116,555 shares of the technology company’s stock worth $6,536,000 after purchasing an additional 5,725 shares during the last quarter. California Public Employees Retirement System lifted its position in shares of Plexus Corp. by 2.3% during the third quarter. California Public Employees Retirement System now owns 86,794 shares of the technology company’s stock worth $4,867,000 after purchasing an additional 1,942 shares during the last quarter. Cubist Systematic Strategies LLC bought a new position in shares of Plexus Corp. during the third quarter worth about $514,000. Vident Investment Advisory LLC lifted its position in shares of Plexus Corp. by 2.7% during the third quarter. Vident Investment Advisory LLC now owns 40,472 shares of the technology company’s stock worth $2,270,000 after purchasing an additional 1,061 shares during the last quarter. Finally, Allianz Asset Management GmbH lifted its position in shares of Plexus Corp. by 45.7% during the third quarter. Allianz Asset Management GmbH now owns 63,817 shares of the technology company’s stock worth $3,579,000 after purchasing an additional 20,010 shares during the last quarter. 92.78% of the stock is currently owned by institutional investors and hedge funds.

A number of equities analysts have weighed in on the stock. Zacks Investment Research cut shares of Plexus Corp. from a “hold” rating to a “sell” rating in a research report on Tuesday, July 25th. BidaskClub cut shares of Plexus Corp. from a “sell” rating to a “strong sell” rating in a research report on Wednesday, August 16th. Stifel Nicolaus reissued a “hold” rating and issued a $54.00 price objective on shares of Plexus Corp. in a research report on Tuesday, September 12th. J P Morgan Chase & Co cut shares of Plexus Corp. from an “overweight” rating to a “neutral” rating and set a $62.00 price objective for the company. in a research report on Tuesday, October 10th. Finally, Citigroup Inc. upped their price objective on shares of Plexus Corp. from $56.00 to $59.00 and gave the company a “neutral” rating in a research report on Friday, July 21st. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have assigned a buy rating to the company. Plexus Corp. has an average rating of “Hold” and a consensus price target of $57.86.

About Plexus Corp.

Plexus Corp. (Plexus) and its subsidiaries are engaged in the electronic manufacturing services (EMS) industry. The Company delivers end-to-end solutions for customers in the Americas (AMER), Europe, Middle East, and Africa (EMEA) and Asia-Pacific (APAC) regions. The Company’s segments are AMER, APAC and EMEA.

Insider Buying and Selling by Quarter for Plexus Corp. (NASDAQ:PLXS)

Receive News & Ratings for Plexus Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Plexus Corp. and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply