Plexus Corp. (NASDAQ:PLXS) Director Peter Kelly acquired 5,000 shares of the business’s stock in a transaction dated Monday, January 22nd. The stock was acquired at an average price of $60.10 per share, with a total value of $300,500.00. Following the completion of the transaction, the director now directly owns 21,896 shares of the company’s stock, valued at $1,315,949.60. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.
Peter Kelly also recently made the following trade(s):
- On Wednesday, January 24th, Peter Kelly acquired 5,000 shares of Plexus stock. The stock was acquired at an average price of $60.00 per share, with a total value of $300,000.00.
Shares of Plexus Corp. (NASDAQ:PLXS) opened at $60.54 on Friday. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.90 and a quick ratio of 1.08. The stock has a market capitalization of $2,040.00, a P/E ratio of -118.71 and a beta of 0.88. Plexus Corp. has a 12 month low of $49.06 and a 12 month high of $66.78.
A number of analysts have recently commented on the company. ValuEngine upgraded Plexus from a “hold” rating to a “buy” rating in a research report on Sunday, December 31st. JPMorgan Chase & Co. cut Plexus 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. Longbow Research upgraded Plexus from a “neutral” rating to a “buy” rating in a research report on Monday, January 8th. Zacks Investment Research cut Plexus from a “hold” rating to a “sell” rating in a research report on Monday, October 30th. Finally, Citigroup boosted their price objective on Plexus from $59.00 to $65.00 and gave the company a “neutral” rating in a research report on Friday, October 27th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and three have given a buy rating to the stock. Plexus has a consensus rating of “Hold” and a consensus price target of $59.17.
Several large investors have recently modified their holdings of PLXS. FMR LLC boosted its stake in shares of Plexus by 546.1% in the second quarter. FMR LLC now owns 1,111,655 shares of the technology company’s stock worth $58,440,000 after acquiring an additional 939,589 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of Plexus by 5.8% in the second quarter. Dimensional Fund Advisors LP now owns 2,817,137 shares of the technology company’s stock worth $148,098,000 after acquiring an additional 155,417 shares during the last quarter. Vaughan Nelson Investment Management L.P. boosted its stake in shares of Plexus by 24.3% in the third quarter. Vaughan Nelson Investment Management L.P. now owns 525,550 shares of the technology company’s stock worth $29,473,000 after acquiring an additional 102,575 shares during the last quarter. Brandywine Global Investment Management LLC acquired a new stake in shares of Plexus in the second quarter worth approximately $5,016,000. Finally, Renaissance Technologies LLC boosted its stake in shares of Plexus by 37.1% in the second quarter. Renaissance Technologies LLC now owns 317,200 shares of the technology company’s stock worth $16,675,000 after acquiring an additional 85,800 shares during the last quarter. 93.43% of the stock is currently owned by hedge funds and other institutional investors.
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Plexus Company Profile
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.
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