Plexus Corp. (NASDAQ:PLXS) CAO Angelo Michael Ninivaggi, Jr. sold 605 shares of the firm’s stock in a transaction on Monday, July 27th. The stock was sold at an average price of $73.00, for a total transaction of $44,165.00. Following the completion of the sale, the chief accounting officer now owns 32,657 shares in the company, valued at approximately $2,383,961. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.
Shares of PLXS stock opened at $74.29 on Friday. The stock has a market cap of $2.17 billion, a P/E ratio of 19.10 and a beta of 1.05. Plexus Corp. has a one year low of $35.16 and a one year high of $86.53. The stock has a fifty day moving average price of $68.27 and a 200 day moving average price of $65.17. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.72 and a quick ratio of 0.93.
Plexus (NASDAQ:PLXS) last issued its earnings results on Wednesday, July 22nd. The technology company reported $1.20 EPS for the quarter, topping the consensus estimate of $0.75 by $0.45. The firm had revenue of $857.39 million during the quarter, compared to analysts’ expectations of $801.94 million. Plexus had a return on equity of 12.41% and a net margin of 3.55%. Equities research analysts anticipate that Plexus Corp. will post 3.93 EPS for the current year.
Several brokerages have recently issued reports on PLXS. Stifel Nicolaus raised their price objective on shares of Plexus from $60.00 to $80.00 and gave the stock a “hold” rating in a research note on Friday, July 24th. Loop Capital raised their price objective on shares of Plexus from $78.00 to $91.00 and gave the stock a “buy” rating in a research note on Friday, July 24th. Needham & Company LLC raised their price objective on shares of Plexus from $67.00 to $82.00 and gave the stock a “buy” rating in a research note on Friday, July 24th. JPMorgan Chase & Co. raised their price objective on shares of Plexus from $67.00 to $72.00 and gave the stock an “overweight” rating in a research note on Wednesday, April 15th. Finally, TheStreet raised Plexus from a “c+” rating to a “b” rating in a research report on Wednesday, July 22nd. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and six have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of $80.67.
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.
Featured Story: What is an Initial Coin Offering (ICO)?
Receive News & Ratings for Plexus Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Plexus and related companies with MarketBeat.com's FREE daily email newsletter.