Insider Selling: Plexus Corp. (NASDAQ:PLXS) Insider Sells 3,000 Shares of Stock

Plexus Corp. (NASDAQ:PLXS) insider Victor (Pang Hau) Tan sold 3,000 shares of the company’s stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $165.90, for a total transaction of $497,700.00. Following the completion of the transaction, the insider now owns 5,605 shares of the company’s stock, valued at $929,869.50. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through 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 value of $127,500.00.

Plexus Stock Performance

NASDAQ:PLXS traded up $1.27 during mid-day trading on Friday, reaching $165.97. The stock had a trading volume of 152,531 shares, compared to its average volume of 131,846. The company has a debt-to-equity ratio of 0.07, a quick ratio of 0.71 and a current ratio of 1.51. The business has a 50 day simple moving average of $135.25 and a 200 day simple moving average of $119.61. Plexus Corp. has a twelve month low of $90.18 and a twelve month high of $169.41. The firm has a market capitalization of $4.52 billion, a price-to-earnings ratio of 41.50 and a beta of 0.87.

Plexus (NASDAQ:PLXS) last announced its quarterly earnings data on Wednesday, October 23rd. The technology company reported $1.85 earnings per share for the quarter, topping analysts’ consensus estimates of $1.55 by $0.30. The firm had revenue of $1.05 billion for the quarter, compared to analyst estimates of $1.01 billion. Plexus had a return on equity of 9.51% and a net margin of 2.82%. Plexus’s quarterly revenue was up 2.6% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.44 earnings per share. On average, analysts expect that Plexus Corp. will post 6.2 earnings per share for the current fiscal year.

Analyst Ratings Changes

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

Institutional Trading of Plexus

A number of institutional investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. boosted its stake in shares of Plexus by 2.2% during the 1st quarter. Vanguard Group Inc. now owns 3,515,866 shares of the technology company’s stock worth $333,374,000 after acquiring an additional 74,988 shares in the last quarter. Disciplined Growth Investors Inc. MN boosted its position in shares of Plexus by 0.3% in the 2nd quarter. Disciplined Growth Investors Inc. MN now owns 2,109,047 shares of the technology company’s stock worth $217,611,000 after buying an additional 7,245 shares in the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. grew its stake in Plexus by 8.8% in the 2nd quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 1,079,340 shares of the technology company’s stock valued at $111,366,000 after acquiring an additional 87,574 shares during the last quarter. Earnest Partners LLC raised its position in Plexus by 3.0% during the second quarter. Earnest Partners LLC now owns 788,196 shares of the technology company’s stock worth $81,326,000 after acquiring an additional 23,074 shares during the last quarter. Finally, Bank of New York Mellon Corp lifted its holdings in shares of Plexus by 7.4% in the second quarter. Bank of New York Mellon Corp now owns 453,308 shares of the technology company’s stock valued at $46,772,000 after purchasing an additional 31,099 shares in the last quarter. Hedge funds and other institutional investors own 94.45% of the company’s stock.

About Plexus

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.