Plexus Corp. (NASDAQ:PLXS – Get Rating) CFO Patrick John Jermain sold 2,500 shares of the firm’s stock in a transaction on Monday, August 1st. The stock was sold at an average price of $93.84, for a total transaction of $234,600.00. Following the completion of the sale, the chief financial officer now directly owns 45,434 shares in the company, valued at approximately $4,263,526.56. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.
Plexus Stock Down 1.3 %
Shares of Plexus stock opened at $92.63 on Friday. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.59 and a current ratio of 1.43. The stock has a market capitalization of $2.57 billion, a PE ratio of 21.74 and a beta of 1.14. Plexus Corp. has a 52-week low of $72.88 and a 52-week high of $99.11. The company has a 50-day simple moving average of $82.78 and a two-hundred day simple moving average of $81.62.
Plexus (NASDAQ:PLXS – Get Rating) last issued its earnings results on Wednesday, July 27th. The technology company reported $1.33 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.10 by $0.23. The business had revenue of $981.00 million during the quarter, compared to analysts’ expectations of $906.32 million. Plexus had a net margin of 3.43% and a return on equity of 11.79%. The business’s revenue for the quarter was up 20.5% compared to the same quarter last year. During the same period in the previous year, the company earned $0.99 earnings per share. On average, analysts anticipate that Plexus Corp. will post 4.44 EPS for the current fiscal year.
Wall Street Analyst Weigh In
Institutional Inflows and Outflows
Several hedge funds have recently made changes to their positions in PLXS. Allspring Global Investments Holdings LLC purchased a new position in shares of Plexus during the fourth quarter valued at approximately $1,874,000. State of New Jersey Common Pension Fund D bought a new stake in Plexus during the fourth quarter valued at approximately $2,953,000. Yousif Capital Management LLC bought a new stake in Plexus during the fourth quarter valued at approximately $2,470,000. Riverwater Partners LLC bought a new stake in Plexus during the fourth quarter valued at approximately $268,000. Finally, Assenagon Asset Management S.A. grew its position in Plexus by 8.5% during the fourth quarter. Assenagon Asset Management S.A. now owns 17,845 shares of the technology company’s stock valued at $1,711,000 after buying an additional 1,391 shares during the period. 94.92% of the stock is owned by hedge funds and other institutional investors.
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 to companies in the healthcare/life sciences, industrial/commercial, aerospace/defense, and communications market sectors.
- Get a free copy of the StockNews.com research report on Plexus (PLXS)
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