Plexus (NASDAQ:PLXS) Sets New 12-Month High at $79.86

Plexus Corp. (NASDAQ:PLXS) shares hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as $79.86 and last traded at $79.76, with a volume of 700 shares trading hands. The stock had previously closed at $78.76.

PLXS has been the topic of several recent analyst reports. BidaskClub downgraded Plexus from a “strong-buy” rating to a “buy” rating in a research note on Saturday, January 4th. Sidoti downgraded Plexus from a “buy” rating to a “neutral” rating in a research note on Friday, October 25th.

The company has a current ratio of 1.78, a quick ratio of 0.97 and a debt-to-equity ratio of 0.22. The stock has a 50 day simple moving average of $77.13 and a 200-day simple moving average of $66.70. The firm has a market cap of $2.30 billion, a P/E ratio of 23.08 and a beta of 0.98.

Plexus (NASDAQ:PLXS) last released its quarterly earnings data on Wednesday, October 23rd. The technology company reported $0.93 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.86 by $0.07. Plexus had a return on equity of 12.16% and a net margin of 3.43%. The business had revenue of $810.00 million for the quarter, compared to the consensus estimate of $776.02 million. During the same quarter in the previous year, the company posted $0.96 EPS. The company’s revenue was up 1.3% compared to the same quarter last year. As a group, equities analysts forecast that Plexus Corp. will post 4.09 earnings per share for the current fiscal year.

In other news, Chairman Dean A. Foate sold 27,750 shares of Plexus stock in a transaction that occurred on Wednesday, October 30th. The stock was sold at an average price of $73.47, for a total value of $2,038,792.50. Following the completion of the transaction, the chairman now owns 211,753 shares in the company, valued at approximately $15,557,492.91. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, VP Steven J. Frisch sold 3,558 shares of Plexus stock in a transaction that occurred on Tuesday, November 26th. The stock was sold at an average price of $77.18, for a total value of $274,606.44. Following the completion of the transaction, the vice president now owns 41,352 shares of the company’s stock, valued at approximately $3,191,547.36. The disclosure for this sale can be found here. In the last ninety days, insiders sold 196,293 shares of company stock worth $14,551,812. Corporate insiders own 3.20% of the company’s stock.

Several institutional investors have recently made changes to their positions in the company. Sciencast Management LP purchased a new stake in shares of Plexus in the 4th quarter worth $352,000. A.R.T. Advisors LLC acquired a new position in Plexus during the 2nd quarter valued at about $347,000. Schaper Benz & Wise Investment Counsel Inc. WI increased its position in Plexus by 10.3% during the 3rd quarter. Schaper Benz & Wise Investment Counsel Inc. WI now owns 7,152 shares of the technology company’s stock valued at $447,000 after buying an additional 667 shares in the last quarter. Jane Street Group LLC acquired a new position in Plexus during the 2nd quarter valued at about $480,000. Finally, Paloma Partners Management Co increased its position in Plexus by 75.8% during the 2nd quarter. Paloma Partners Management Co now owns 9,895 shares of the technology company’s stock valued at $578,000 after buying an additional 4,266 shares in the last quarter. Hedge funds and other institutional investors own 94.92% of the company’s stock.

Plexus Company Profile (NASDAQ:PLXS)

Plexus Corp., together with its subsidiaries, provides electronic manufacturing services in the Americas, Europe, the Middle East, Africa, and the Asia-Pacific. It offers design and development, supply chain, new product introduction, and manufacturing solutions, as well as aftermarket services. The company provides its solutions to companies in the healthcare and life sciences, industrial and commercial, communications, and aerospace and defense sectors.

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