Plexus Corp. (NASDAQ:PLXS) shares hit a new 52-week high during trading on Wednesday . The company traded as high as $45.45 and last traded at $45.19, with a volume of 42,455 shares trading hands. The stock had previously closed at $45.02.

A number of brokerages have recently commented on PLXS. Needham & Company LLC reissued a “buy” rating and issued a $45.00 price objective on shares of Plexus Corp. in a research report on Tuesday, June 7th. Royal Bank Of Canada reissued a “hold” rating and issued a $46.00 price objective on shares of Plexus Corp. in a research report on Friday, June 10th. B. Riley reissued a “buy” rating and issued a $50.00 price objective on shares of Plexus Corp. in a research report on Saturday, June 11th. Citigroup Inc. lifted their price objective on shares of Plexus Corp. from $45.00 to $50.00 and gave the company a “neutral” rating in a research report on Thursday, June 9th. Finally, Zacks Investment Research downgraded shares of Plexus Corp. from a “buy” rating to a “hold” rating in a research report on Wednesday, May 4th. Six research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $46.38.

The firm has a 50 day moving average of $43.70 and a 200 day moving average of $38.99. The firm has a market capitalization of $1.51 billion and a price-to-earnings ratio of 19.68.

Plexus Corp. (NASDAQ:PLXS) last released its quarterly earnings data on Wednesday, April 20th. The company reported $0.55 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.52 by $0.03. During the same quarter in the previous year, the company posted $0.69 EPS. The business had revenue of $618.70 million for the quarter, compared to analyst estimates of $615.69 million. The business’s quarterly revenue was down 5.0% on a year-over-year basis. On average, equities analysts expect that Plexus Corp. will post $2.58 earnings per share for the current fiscal year.

In other news, CAO Angelo Michael Ninivaggi, Jr. sold 12,500 shares of the company’s stock in a transaction on Wednesday, May 25th. The shares were sold at an average price of $43.08, for a total value of $538,500.00. Following the completion of the sale, the chief accounting officer now owns 19,087 shares in the company, valued at approximately $822,267.96. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, VP Todd P. Kelsey sold 2,000 shares of the company’s stock in a transaction on Tuesday, April 26th. The stock was sold at an average price of $42.17, for a total transaction of $84,340.00. Following the completion of the sale, the vice president now owns 44,162 shares of the company’s stock, valued at approximately $1,862,311.54. The disclosure for this sale can be found here.

Other hedge funds have recently bought and sold shares of the company. Comerica Bank raised its stake in Plexus Corp. by 0.4% in the fourth quarter. Comerica Bank now owns 34,222 shares of the company’s stock valued at $1,092,000 after buying an additional 138 shares during the last quarter. Jennison Associates LLC raised its stake in Plexus Corp. by 58.7% in the fourth quarter. Jennison Associates LLC now owns 47,053 shares of the company’s stock valued at $1,643,000 after buying an additional 17,410 shares during the last quarter. Mutual of America Capital Management LLC raised its stake in Plexus Corp. by 7.1% in the fourth quarter. Mutual of America Capital Management LLC now owns 49,619 shares of the company’s stock valued at $1,733,000 after buying an additional 3,285 shares during the last quarter. Rhumbline Advisers raised its stake in Plexus Corp. by 4.5% in the fourth quarter. Rhumbline Advisers now owns 52,798 shares of the company’s stock valued at $1,844,000 after buying an additional 2,290 shares during the last quarter. Finally, Sei Investments Co. purchased a new stake in Plexus Corp. during the fourth quarter valued at about $2,085,000.

Plexus Corp. (Plexus) and its subsidiaries are engaged in the electronic manufacturing services (EMS) industry. Plexus 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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