Plexus (NASDAQ:PLXS) Hits New 1-Year High at $114.13

Shares of Plexus Corp. (NASDAQ:PLXSGet Free Report) hit a new 52-week high during trading on Wednesday . The stock traded as high as $114.13 and last traded at $113.50, with a volume of 103377 shares. The stock had previously closed at $110.70.

Analyst Ratings Changes

Several research firms recently issued reports on PLXS. Stifel Nicolaus raised their price target on Plexus from $90.00 to $95.00 and gave the company a “hold” rating in a report on Friday, April 26th. Needham & Company LLC raised their price target on Plexus from $107.00 to $114.00 and gave the company a “buy” rating in a report on Friday, April 26th. Finally, TheStreet cut Plexus from a “b” rating to a “c+” rating in a report on Tuesday, February 13th. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $107.75.

Read Our Latest Stock Report on Plexus

Plexus Price Performance

The company has a 50 day moving average of $99.81 and a 200-day moving average of $100.22. The firm has a market capitalization of $3.11 billion, a P/E ratio of 31.31 and a beta of 1.00. The company has a current ratio of 1.51, a quick ratio of 0.64 and a debt-to-equity ratio of 0.15.

Plexus (NASDAQ:PLXSGet Free Report) last released its quarterly earnings results on Wednesday, April 24th. The technology company reported $0.94 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.87 by $0.07. The business had revenue of $966.90 million during the quarter, compared to the consensus estimate of $950.75 million. Plexus had a return on equity of 10.77% and a net margin of 2.54%. The firm’s quarterly revenue was down 9.7% on a year-over-year basis. During the same period in the previous year, the company posted $1.45 EPS. On average, sell-side analysts predict that Plexus Corp. will post 3.81 EPS for the current year.

Insider Transactions at Plexus

In other Plexus news, CFO Patrick John Jermain sold 4,999 shares of the company’s stock in a transaction dated Monday, May 20th. The stock was sold at an average price of $110.00, for a total value of $549,890.00. Following the completion of the transaction, the chief financial officer now owns 34,183 shares of the company’s stock, valued at approximately $3,760,130. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. In other Plexus news, CFO Patrick John Jermain sold 4,999 shares of the company’s stock in a transaction dated Monday, May 20th. The stock was sold at an average price of $110.00, for a total value of $549,890.00. Following the sale, the chief financial officer now owns 34,183 shares in the company, valued at approximately $3,760,130. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Todd P. Kelsey sold 1,224 shares of the company’s stock in a transaction dated Tuesday, May 14th. The shares were sold at an average price of $107.95, for a total value of $132,130.80. Following the completion of the sale, the chief executive officer now owns 104,338 shares in the company, valued at approximately $11,263,287.10. The disclosure for this sale can be found here. In the last quarter, insiders sold 36,230 shares of company stock valued at $3,760,719. Corporate insiders own 2.39% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Comerica Bank raised its stake in shares of Plexus by 22.5% in the first quarter. Comerica Bank now owns 81,817 shares of the technology company’s stock worth $7,758,000 after purchasing an additional 15,046 shares during the last quarter. Tidal Investments LLC raised its stake in shares of Plexus by 40.0% in the first quarter. Tidal Investments LLC now owns 3,364 shares of the technology company’s stock worth $319,000 after purchasing an additional 961 shares during the last quarter. Janus Henderson Group PLC raised its stake in shares of Plexus by 68.4% in the first quarter. Janus Henderson Group PLC now owns 66,261 shares of the technology company’s stock worth $6,281,000 after purchasing an additional 26,904 shares during the last quarter. Price T Rowe Associates Inc. MD raised its stake in shares of Plexus by 4.8% in the first quarter. Price T Rowe Associates Inc. MD now owns 22,513 shares of the technology company’s stock worth $2,135,000 after purchasing an additional 1,022 shares during the last quarter. Finally, EntryPoint Capital LLC raised its stake in shares of Plexus by 56.2% in the first quarter. EntryPoint Capital LLC now owns 976 shares of the technology company’s stock worth $93,000 after purchasing an additional 351 shares during the last quarter. 94.45% of the stock is owned by institutional investors and hedge funds.

Plexus Company Profile

(Get Free Report)

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.

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