Plexus Corp. (NASDAQ:PLXS) CFO Patrick John Jermain Sells 2,000 Shares

Plexus Corp. (NASDAQ:PLXS) CFO Patrick John Jermain sold 2,000 shares of the stock in a transaction on Tuesday, May 7th. The shares were sold at an average price of $107.00, for a total value of $214,000.00. Following the completion of the transaction, the chief financial officer now directly owns 39,182 shares in the company, valued at approximately $4,192,474. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Patrick John Jermain also recently made the following trade(s):

• On Wednesday, May 1st, Patrick John Jermain sold 4,750 shares of Plexus stock. The shares were sold at an average price of $100.43, for a total value of $477,042.50.
• On Monday, February 12th, Patrick John Jermain sold 4,399 shares of Plexus stock. The shares were sold at an average price of $99.86, for a total value of $439,284.14.

Plexus Stock Up 0.4 %

Shares of PLXS stock traded up $0.39 during trading hours on Thursday, hitting $107.43. 83,997 shares of the company’s stock traded hands, compared to its average volume of 120,068. The company has a quick ratio of 0.64, a current ratio of 1.51 and a debt-to-equity ratio of 0.15. The stock has a market cap of $2.97 billion, a price-to-earnings ratio of 29.57 and a beta of 1.00. The stock’s fifty day simple moving average is $96.04 and its two-hundred day simple moving average is $99.02. Plexus Corp. has a 12-month low of $85.35 and a 12-month high of $114.06.

Plexus (NASDAQ:PLXS) last released its earnings results on Wednesday, April 24th. The technology company reported $0.94 EPS for the quarter, topping analysts’ consensus estimates of $0.87 by $0.07. Plexus had a return on equity of 10.77% and a net margin of 2.54%. The firm had revenue of $966.90 million for the quarter, compared to analysts’ expectations of $950.75 million. During the same period in the prior year, the firm posted $1.45 earnings per share. The company’s quarterly revenue was down 9.7% on a year-over-year basis. On average, analysts expect that Plexus Corp. will post 3.61 EPS for the current year.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Qube Research & Technologies Ltd increased its position in shares of Plexus by 93.7% during the third quarter. Qube Research & Technologies Ltd now owns 22,691 shares of the technology company’s stock valued at $2,110,000 after acquiring an additional 10,975 shares in the last quarter. Avior Wealth Management LLC raised its stake in shares of Plexus by 115.2% in the fourth quarter. Avior Wealth Management LLC now owns 2,118 shares of the technology company’s stock worth $229,000 after purchasing an additional 1,134 shares during the last quarter. Vanguard Group Inc. lifted its holdings in shares of Plexus by 1.4% during the third quarter. Vanguard Group Inc. now owns 3,453,940 shares of the technology company’s stock valued at $321,147,000 after purchasing an additional 47,762 shares in the last quarter. GAMMA Investing LLC purchased a new stake in shares of Plexus during the fourth quarter valued at $44,000. Finally, Connor Clark & Lunn Investment Management Ltd. bought a new stake in Plexus in the 3rd quarter worth about $715,000. 94.45% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of brokerages have recently issued reports on PLXS. Stifel Nicolaus raised their price objective on Plexus from $90.00 to $95.00 and gave the company a “hold” rating in a research note on Friday, April 26th. Benchmark reaffirmed a “buy” rating and set a $110.00 price objective on shares of Plexus in a research note on Wednesday, January 17th. Needham & Company LLC raised their price objective on Plexus from $107.00 to $114.00 and gave the company a “buy” rating in a research note on Friday, April 26th. Finally, TheStreet lowered shares of Plexus from a “b” rating to a “c+” rating in a report on Tuesday, February 13th. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Plexus currently has an average rating of “Hold” and a consensus target price of $107.75.

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.