Plexus Corp. (NASDAQ:PLXS) Director Ralf R. Boer sold 3,627 shares of the company’s stock in a transaction on Tuesday, November 14th. The shares were sold at an average price of $61.32, for a total transaction of $222,407.64. Following the completion of the sale, the director now directly owns 23,735 shares in the company, valued at $1,455,430.20. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink.
Shares of Plexus Corp. (NASDAQ PLXS) traded up $0.01 during midday trading on Friday, reaching $60.94. 209,756 shares of the company traded hands, compared to its average volume of 174,943. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.06 and a current ratio of 1.78. The company has a market capitalization of $2,050.00, a price-to-earnings ratio of 18.82 and a beta of 0.90. Plexus Corp. has a fifty-two week low of $49.06 and a fifty-two week high of $62.56.
Plexus Corp. (NASDAQ:PLXS) last posted its quarterly earnings results on Wednesday, October 25th. The technology company reported $0.84 earnings per share for the quarter, beating the consensus estimate of $0.82 by $0.02. Plexus Corp. had a net margin of 4.43% and a return on equity of 11.48%. The firm had revenue of $670.00 million during the quarter, compared to the consensus estimate of $676.23 million. During the same period in the previous year, the firm posted $0.82 earnings per share. The business’s revenue was up 2.6% compared to the same quarter last year. equities analysts anticipate that Plexus Corp. will post 3.41 EPS for the current year.
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Institutional investors and hedge funds have recently modified their holdings of the company. FMR LLC increased its position in Plexus Corp. by 546.1% in the 2nd quarter. FMR LLC now owns 1,111,655 shares of the technology company’s stock valued at $58,440,000 after buying an additional 939,589 shares in the last quarter. Vaughan Nelson Investment Management L.P. acquired a new position in Plexus Corp. during the 2nd quarter worth approximately $22,236,000. Franklin Resources Inc. bought a new position in Plexus Corp. in the second quarter worth approximately $12,449,000. Dimensional Fund Advisors LP boosted its holdings in Plexus Corp. 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 in the last quarter. Finally, Brandywine Global Investment Management LLC acquired a new stake in Plexus Corp. in the second quarter valued at approximately $5,016,000. Institutional investors own 92.78% of the company’s stock.
A number of brokerages recently weighed in on PLXS. BidaskClub downgraded shares of Plexus Corp. from a “hold” rating to a “sell” rating in a research note on Saturday, August 5th. Deutsche Bank AG upped their price target on shares of Plexus Corp. from $50.00 to $54.00 and gave the company a “hold” rating in a research report on Friday, July 21st. Stifel Nicolaus reiterated a “hold” rating and set a $54.00 price target (up from $50.00) on shares of Plexus Corp. in a report on Friday, July 21st. Citigroup Inc. increased their price target on Plexus Corp. from $59.00 to $65.00 and gave the stock a “neutral” rating in a report on Friday, October 27th. Finally, Zacks Investment Research lowered Plexus Corp. from a “hold” rating to a “sell” rating in a research report on Tuesday, July 25th. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and two have issued a buy rating to the company. Plexus Corp. currently has an average rating of “Hold” and a consensus price target of $57.86.
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.
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