Oliver K. Mihm Sells 5,691 Shares of Plexus Corp. (NASDAQ:PLXS) Stock

Plexus Corp. (NASDAQ:PLXS) COO Oliver K. Mihm sold 5,691 shares of Plexus stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $167.06, for a total transaction of $950,738.46. Following the completion of the sale, the chief operating officer now directly owns 19,585 shares in the company, valued at $3,271,870.10. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.

Plexus Trading Up 0.8 %

Shares of PLXS opened at $165.97 on Friday. Plexus Corp. has a twelve month low of $90.18 and a twelve month high of $169.41. The stock has a market cap of $4.52 billion, a PE ratio of 41.39 and a beta of 0.87. The company has a quick ratio of 0.71, a current ratio of 1.51 and a debt-to-equity ratio of 0.07. The business’s 50-day moving average price is $136.01 and its 200-day moving average price is $120.11.

Plexus (NASDAQ:PLXS) last posted its quarterly earnings data on Wednesday, October 23rd. The technology company reported $1.85 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.55 by $0.30. The company had revenue of $1.05 billion during the quarter, compared to analyst estimates of $1.01 billion. Plexus had a return on equity of 9.51% and a net margin of 2.82%. The firm’s quarterly revenue was up 2.6% on a year-over-year basis. During the same quarter last year, the company earned $1.44 earnings per share. On average, equities analysts forecast that Plexus Corp. will post 6.2 EPS for the current fiscal year.

Institutional Investors Weigh In On Plexus

Several hedge funds have recently bought and sold shares of PLXS. American Century Companies Inc. lifted its holdings in shares of Plexus by 204.3% during the 2nd quarter. American Century Companies Inc. now owns 158,032 shares of the technology company’s stock worth $16,306,000 after acquiring an additional 106,103 shares during the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. boosted its stake in Plexus by 8.8% in the second quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 1,079,340 shares of the technology company’s stock worth $111,366,000 after buying an additional 87,574 shares in the last quarter. Westfield Capital Management Co. LP grew its position in Plexus by 28.8% during the first quarter. Westfield Capital Management Co. LP now owns 384,248 shares of the technology company’s stock valued at $36,434,000 after acquiring an additional 85,986 shares during the last quarter. Vanguard Group Inc. grew its position in Plexus by 2.2% during the first quarter. Vanguard Group Inc. now owns 3,515,866 shares of the technology company’s stock valued at $333,374,000 after acquiring an additional 74,988 shares during the last quarter. Finally, Assenagon Asset Management S.A. raised its stake in shares of Plexus by 158.0% during the third quarter. Assenagon Asset Management S.A. now owns 82,575 shares of the technology company’s stock worth $11,289,000 after acquiring an additional 50,564 shares in the last quarter. 94.45% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on PLXS shares. StockNews.com lowered Plexus from a “buy” rating to a “hold” rating in a research note on Wednesday. KeyCorp began coverage on shares of Plexus in a report on Tuesday, October 22nd. They set a “sector weight” rating on the stock. Needham & Company LLC lifted their target price on shares of Plexus from $144.00 to $162.00 and gave the stock a “buy” rating in a research note on Friday, October 25th. Finally, Benchmark upped their price target on shares of Plexus from $150.00 to $165.00 and gave the company a “buy” rating in a research note on Monday, October 28th. Four analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $133.50.

About Plexus

Plexus Corp. provides electronic manufacturing services in the United States and internationally. It offers design, develop, supply chain, new product introduction, and manufacturing solutions, as well as sustaining services to companies in the healthcare/life sciences, industrial/commercial, aerospace/defense, and communications market sectors.