Plexus Corp. (NASDAQ:PLXS) VP Ronnie Darroch sold 1,250 shares of Plexus stock in a transaction dated Friday, March 2nd. The shares were sold at an average price of $60.66, for a total value of $75,825.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
Ronnie Darroch also recently made the following trade(s):
- On Tuesday, February 20th, Ronnie Darroch sold 1,679 shares of Plexus stock. The stock was sold at an average price of $60.35, for a total value of $101,327.65.
- On Monday, February 5th, Ronnie Darroch sold 5,900 shares of Plexus stock. The stock was sold at an average price of $59.03, for a total value of $348,277.00.
Plexus Corp. (PLXS) traded down $0.55 during mid-day trading on Wednesday, reaching $63.91. The company’s stock had a trading volume of 103,749 shares, compared to its average volume of 161,573. The company has a quick ratio of 1.08, a current ratio of 1.90 and a debt-to-equity ratio of 0.03. Plexus Corp. has a 52 week low of $49.06 and a 52 week high of $66.78. The stock has a market cap of $2,194.19, a P/E ratio of 20.55 and a beta of 0.83.
Plexus (NASDAQ:PLXS) last posted its quarterly earnings data on Wednesday, January 17th. The technology company reported $0.75 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.80 by ($0.05). Plexus had a positive return on equity of 11.24% and a negative net margin of 0.57%. The business had revenue of $677.00 million for the quarter, compared to analysts’ expectations of $685.07 million. During the same quarter in the prior year, the firm earned $0.82 earnings per share. Plexus’s revenue for the quarter was up 6.6% compared to the same quarter last year. equities research analysts anticipate that Plexus Corp. will post 3.25 EPS for the current fiscal year.
Plexus announced that its board has initiated a stock repurchase program on Tuesday, February 20th that allows the company to buyback $200.00 million in outstanding shares. This buyback authorization allows the technology company to repurchase shares of its stock through open market purchases. Stock buyback programs are generally a sign that the company’s leadership believes its shares are undervalued.
Hedge funds have recently bought and sold shares of the business. Appleton Group LLC purchased a new stake in Plexus during the 3rd quarter worth approximately $201,000. Cambridge Investment Research Advisors Inc. purchased a new stake in Plexus during the 4th quarter worth approximately $201,000. Xact Kapitalforvaltning AB purchased a new stake in Plexus during the 4th quarter worth approximately $215,000. Verition Fund Management LLC purchased a new stake in Plexus during the 4th quarter worth approximately $232,000. Finally, Sawgrass Asset Management LLC increased its holdings in Plexus by 44.2% during the 4th quarter. Sawgrass Asset Management LLC now owns 6,200 shares of the technology company’s stock worth $376,000 after purchasing an additional 1,900 shares during the last quarter. Institutional investors own 97.01% of the company’s stock.
Several equities analysts recently commented on the company. BidaskClub raised Plexus from a “sell” rating to a “hold” rating in a research report on Wednesday, March 7th. ValuEngine raised Plexus from a “hold” rating to a “buy” rating in a research report on Thursday, March 1st. TheStreet lowered Plexus from an “a-” rating to a “c+” rating in a research report on Wednesday, January 17th. Finally, Longbow Research raised Plexus from a “neutral” rating to a “buy” rating in a research report on Monday, January 8th. One analyst has rated the stock with a sell rating, six have given a hold rating and two have issued a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $58.40.
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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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