Plexus Corp. (NASDAQ:PLXS) Insider Sells $497,700.00 in Stock

Plexus Corp. (NASDAQ:PLXS) insider Victor (Pang Hau) Tan sold 3,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $165.90, for a total value of $497,700.00. Following the transaction, the insider now directly owns 5,605 shares in the company, valued at approximately $929,869.50. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.

Victor (Pang Hau) Tan also recently made the following trade(s):

• On Wednesday, August 28th, Victor (Pang Hau) Tan sold 1,000 shares of Plexus stock. The stock was sold at an average price of $127.50, for a total transaction of $127,500.00.

Plexus Stock Up 0.8 %

PLXS stock opened at $165.97 on Monday. The stock has a market capitalization of $4.52 billion, a PE ratio of 41.39 and a beta of 0.87. Plexus Corp. has a 52 week low of $90.18 and a 52 week high of $169.41. 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 firm has a 50 day moving average of $136.01 and a 200 day moving average of $120.45.

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

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the company. Quest Partners LLC lifted its holdings in shares of Plexus by 36,700.0% during the second quarter. Quest Partners LLC now owns 368 shares of the technology company’s stock worth $38,000 after purchasing an additional 367 shares during the period. Farther Finance Advisors LLC lifted its stake in Plexus by 89.4% during the 3rd quarter. Farther Finance Advisors LLC now owns 464 shares of the technology company’s stock valued at $63,000 after acquiring an additional 219 shares during the period. Innealta Capital LLC purchased a new stake in shares of Plexus in the 2nd quarter valued at $51,000. Advisors Asset Management Inc. boosted its holdings in shares of Plexus by 85.0% in the 3rd quarter. Advisors Asset Management Inc. now owns 664 shares of the technology company’s stock valued at $91,000 after acquiring an additional 305 shares during the last quarter. Finally, GAMMA Investing LLC increased its stake in shares of Plexus by 190.1% in the third quarter. GAMMA Investing LLC now owns 760 shares of the technology company’s stock worth $104,000 after acquiring an additional 498 shares during the period. 94.45% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the stock. Benchmark raised their target price on shares of Plexus from $150.00 to $165.00 and gave the stock a “buy” rating in a report on Monday, October 28th. KeyCorp initiated coverage on shares of Plexus in a research report on Tuesday, October 22nd. They set a “sector weight” rating on the stock. StockNews.com cut Plexus from a “buy” rating to a “hold” rating in a report on Wednesday, November 6th. Finally, Needham & Company LLC upped their price target on Plexus from $144.00 to $162.00 and gave the stock a “buy” rating in a research report on Friday, October 25th. Four equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat, Plexus presently has an average rating of “Hold” and a consensus target price of $133.50.

Plexus Company Profile

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.