Insider Selling: Plexus Corp. (PLXS) VP Sells 3,763 Shares of Stock

Plexus Corp. (NASDAQ:PLXS) VP Ronnie Darroch sold 3,763 shares of Plexus Corp. stock in a transaction on Thursday, November 16th. The stock was sold at an average price of $61.15, for a total transaction of $230,107.45. The transaction was disclosed in a document filed with the SEC, which is available at this link.

Ronnie Darroch also recently made the following trade(s):

  • On Monday, October 30th, Ronnie Darroch sold 4,513 shares of Plexus Corp. stock. The stock was sold at an average price of $61.10, for a total transaction of $275,744.30.

Plexus Corp. (NASDAQ PLXS) traded up $1.53 on Monday, reaching $62.47. 211,842 shares of the company’s stock were exchanged, compared to its average volume of 175,108. Plexus Corp. has a one year low of $49.06 and a one year high of $62.56. The company has a quick ratio of 1.06, a current ratio of 1.78 and a debt-to-equity ratio of 0.03. The stock has a market capitalization of $2,090.00, a PE ratio of 18.81 and a beta of 0.90.

Plexus Corp. (NASDAQ:PLXS) last released its quarterly earnings data on Wednesday, October 25th. The technology company reported $0.84 earnings per share for the quarter, beating analysts’ consensus estimates of $0.82 by $0.02. Plexus Corp. had a net margin of 4.43% and a return on equity of 11.48%. The company had revenue of $670.00 million during the quarter, compared to analysts’ expectations of $676.23 million. During the same quarter in the previous year, the company earned $0.82 earnings per share. The firm’s revenue for the quarter was up 2.6% on a year-over-year basis. analysts predict that Plexus Corp. will post 3.41 earnings per share for the current year.

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Several equities research analysts have recently commented on the stock. BidaskClub downgraded shares of Plexus Corp. from a “sell” rating to a “strong sell” rating in a research note on Wednesday, August 16th. Zacks Investment Research downgraded shares of Plexus Corp. from a “hold” rating to a “sell” rating in a research note on Tuesday, July 25th. J P Morgan Chase & Co upgraded shares of Plexus Corp. from a “neutral” rating to an “overweight” rating and set a $62.00 price objective for the company in a research note on Monday, August 28th. ValuEngine upgraded shares of Plexus Corp. from a “hold” rating to a “buy” rating in a research note on Friday, September 22nd. Finally, Stifel Nicolaus reiterated a “hold” rating and set a $54.00 price objective on shares of Plexus Corp. in a research note on Tuesday, September 12th. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and two have issued a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $57.86.

Several hedge funds have recently added to or reduced their stakes in the company. Dean Investment Associates LLC increased its stake 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 in the last quarter. California Public Employees Retirement System increased its stake 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 in the last quarter. Cubist Systematic Strategies LLC purchased a new stake in shares of Plexus Corp. during the third quarter worth about $514,000. Vident Investment Advisory LLC increased its stake 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 in the last quarter. Finally, Allianz Asset Management GmbH increased its stake 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 in the last quarter. 93.75% of the stock is owned by institutional investors and hedge funds.

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)

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