Dean A. Foate Sells 5,459 Shares of Plexus Corp. (NASDAQ:PLXS) Stock

Share on StockTwits

Plexus Corp. (NASDAQ:PLXS) Chairman Dean A. Foate sold 5,459 shares of the company’s stock in a transaction that occurred on Wednesday, July 29th. The stock was sold at an average price of $73.51, for a total transaction of $401,291.09. Following the completion of the transaction, the chairman now owns 137,051 shares in the company, valued at $10,074,619.01. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

NASDAQ:PLXS opened at $74.29 on Friday. The firm has a market cap of $2.17 billion, a PE ratio of 19.10 and a beta of 1.05. Plexus Corp. has a fifty-two week low of $35.16 and a fifty-two week high of $86.53. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.93 and a current ratio of 1.72. The business has a 50 day moving average price of $68.27 and a 200-day moving average price of $65.17.

Plexus (NASDAQ:PLXS) last released its quarterly earnings data on Wednesday, July 22nd. The technology company reported $1.20 earnings per share for the quarter, beating analysts’ consensus estimates of $0.75 by $0.45. The firm had revenue of $857.39 million during the quarter, compared to analyst estimates of $801.94 million. Plexus had a return on equity of 12.41% and a net margin of 3.55%. Research analysts predict that Plexus Corp. will post 3.93 EPS for the current year.

Several analysts have issued reports on the company. ValuEngine lowered Plexus from a “hold” rating to a “sell” rating in a research note on Thursday, July 23rd. Stifel Nicolaus upped their target price on Plexus from $60.00 to $80.00 and gave the stock a “hold” rating in a research note on Friday, July 24th. Needham & Company LLC upped their target price on Plexus from $67.00 to $82.00 and gave the stock a “buy” rating in a research note on Friday, July 24th. TheStreet raised Plexus from a “c+” rating to a “b” rating in a research note on Wednesday, July 22nd. Finally, BidaskClub raised Plexus from a “hold” rating to a “buy” rating in a research note on Saturday, July 11th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and six have given a buy rating to the stock. Plexus currently has a consensus rating of “Buy” and an average price target of $80.67.

Institutional investors have recently made changes to their positions in the stock. Meeder Asset Management Inc. raised its holdings in shares of Plexus by 1,231.6% during the first quarter. Meeder Asset Management Inc. now owns 759 shares of the technology company’s stock valued at $41,000 after acquiring an additional 702 shares in the last quarter. Point72 Asset Management L.P. bought a new position in shares of Plexus during the fourth quarter valued at approximately $71,000. Advisor Group Holdings Inc. bought a new position in shares of Plexus during the first quarter valued at approximately $68,000. Northwestern Mutual Wealth Management Co. raised its holdings in shares of Plexus by 201.6% during the first quarter. Northwestern Mutual Wealth Management Co. now owns 1,734 shares of the technology company’s stock valued at $95,000 after acquiring an additional 1,159 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of Plexus by 44.5% during the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,616 shares of the technology company’s stock valued at $143,000 after acquiring an additional 805 shares in the last quarter. Institutional investors own 95.26% of the company’s stock.

Plexus Company Profile

Plexus Corp., together with its subsidiaries, provides electronic manufacturing services in the Americas, Europe, the Middle East, Africa, and the Asia-Pacific. It offers design and development, supply chain, new product introduction, and manufacturing solutions, as well as aftermarket services. The company provides its solutions to companies in the healthcare and life sciences, industrial and commercial, communications, and aerospace and defense sectors.

Read More: 12b-1 Fees

Insider Buying and Selling by Quarter for Plexus (NASDAQ:PLXS)

Receive News & Ratings for Plexus Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Plexus and related companies with MarketBeat.com's FREE daily email newsletter.



Latest News

Independent Bank  Stock Rating Lowered by Zacks Investment Research
Independent Bank Stock Rating Lowered by Zacks Investment Research
Royal Bank of Canada Analysts Give Lloyds Banking Group  a GBX 40 Price Target
Royal Bank of Canada Analysts Give Lloyds Banking Group a GBX 40 Price Target
Goldman Sachs Group Analysts Give Lloyds Banking Group  a GBX 29 Price Target
Goldman Sachs Group Analysts Give Lloyds Banking Group a GBX 29 Price Target
Inchcape’s  “Add” Rating Reiterated at Peel Hunt
Inchcape’s “Add” Rating Reiterated at Peel Hunt
Zacks Investment Research Upgrades Heidrick & Struggles International  to “Strong-Buy”
Zacks Investment Research Upgrades Heidrick & Struggles International to “Strong-Buy”
Companhia Brasileira de Distribuicao  Lifted to C at TheStreet
Companhia Brasileira de Distribuicao Lifted to C at TheStreet


© 2006-2020 Ticker Report