Plexus Corp. (NASDAQ:PLXS) Director Stephen P. Cortinovis sold 6,250 shares of Plexus stock in a transaction on Monday, February 26th. The shares were sold at an average price of $61.30, for a total transaction of $383,125.00. Following the completion of the sale, the director now owns 31,322 shares in the company, valued at $1,920,038.60. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.
Plexus Corp. (NASDAQ:PLXS) traded down $0.91 during trading on Wednesday, hitting $60.32. 123,839 shares of the stock traded hands, compared to its average volume of 170,801. The firm has a market cap of $2,084.70, a price-to-earnings ratio of -120.06 and a beta of 0.87. Plexus Corp. has a one year low of $49.06 and a one year high of $66.78. 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 (NASDAQ:PLXS) last released its quarterly earnings data on Wednesday, January 17th. The technology company reported $0.75 earnings per share for the quarter, missing the consensus estimate of $0.80 by ($0.05). The firm had revenue of $677.00 million for the quarter, compared to analyst estimates of $685.07 million. Plexus had a positive return on equity of 11.24% and a negative net margin of 0.57%. The firm’s revenue for the quarter was up 6.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.82 earnings per share. sell-side analysts anticipate that Plexus Corp. will post 3.25 earnings per share for the current fiscal year.
PLXS has been the topic of several recent research reports. TheStreet lowered shares of Plexus from an “a-” rating to a “c+” rating in a research note on Wednesday, January 17th. BidaskClub lowered shares of Plexus from a “hold” rating to a “sell” rating in a research note on Saturday, December 16th. Longbow Research upgraded shares of Plexus from a “neutral” rating to a “buy” rating in a research note on Monday, January 8th. Finally, ValuEngine upgraded shares of Plexus from a “hold” rating to a “buy” rating in a research note on Sunday, December 31st. Two research analysts have rated the stock with a sell rating, five have given a hold rating and three have issued a buy rating to the company. Plexus presently has a consensus rating of “Hold” and a consensus price target of $59.17.
Several institutional investors have recently added to or reduced their stakes in PLXS. State Street Corp increased its stake in shares of Plexus by 2.7% during the 2nd quarter. State Street Corp now owns 856,663 shares of the technology company’s stock worth $45,038,000 after purchasing an additional 22,593 shares during the last quarter. Crossmark Global Holdings Inc. acquired a new position in shares of Plexus during the 3rd quarter worth about $473,000. American Century Companies Inc. increased its stake in shares of Plexus by 2.9% during the 3rd quarter. American Century Companies Inc. now owns 158,213 shares of the technology company’s stock worth $8,873,000 after purchasing an additional 4,497 shares during the last quarter. IndexIQ Advisors LLC increased its stake in shares of Plexus by 83.2% during the 3rd quarter. IndexIQ Advisors LLC now owns 14,997 shares of the technology company’s stock worth $841,000 after purchasing an additional 6,813 shares during the last quarter. Finally, Appleton Group LLC acquired a new position in shares of Plexus during the 3rd quarter worth about $201,000. Institutional investors own 92.66% of the company’s stock.
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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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