Plexus Corp. (NASDAQ:PLXS) shares hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as $47.26 and last traded at $46.82, with a volume of 55,264 shares changing hands. The stock had previously closed at $46.51.

PLXS has been the topic of a number of research analyst reports. B. Riley downgraded Plexus Corp. from a “buy” rating to a “neutral” rating and set a $50.00 price target on the stock. in a report on Friday, July 22nd. Citigroup Inc. boosted their price target on Plexus Corp. from $45.00 to $50.00 and gave the company a “neutral” rating in a report on Thursday, June 9th. Zacks Investment Research upgraded Plexus Corp. from a “hold” rating to a “buy” rating and set a $47.00 price target on the stock in a report on Monday, April 25th. Needham & Company LLC boosted their price target on Plexus Corp. from $50.00 to $52.00 and gave the company a “buy” rating in a report on Friday, July 22nd. Finally, Royal Bank Of Canada reiterated a “hold” rating and set a $46.00 target price on shares of Plexus Corp. in a report on Friday, June 10th. Six analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $47.14.

The stock has a market cap of $1.56 billion and a PE ratio of 19.69. The firm has a 50-day moving average price of $45.41 and a 200-day moving average price of $41.54.

Plexus Corp. (NASDAQ:PLXS) last announced its quarterly earnings results on Wednesday, July 20th. The company reported $0.82 EPS for the quarter, beating the Zacks’ consensus estimate of $0.77 by $0.05. During the same period in the previous year, the business posted $0.69 EPS. The business earned $667.60 million during the quarter, compared to the consensus estimate of $655.37 million. The firm’s revenue was down .3% on a year-over-year basis. Analysts expect that Plexus Corp. will post $2.64 earnings per share for the current fiscal year.

In other Plexus Corp. news, CAO Angelo Michael Ninivaggi, Jr. sold 12,500 shares of the firm’s stock in a transaction dated 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 of the company’s stock, valued at $822,267.96. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Ronnie Darroch sold 1,097 shares of the firm’s stock in a transaction dated Monday, August 15th. The stock was sold at an average price of $46.54, for a total transaction of $51,054.38. Following the completion of the sale, the insider now directly owns 722 shares of the company’s stock, valued at approximately $33,601.88. The disclosure for this sale can be found here.

Other hedge funds recently bought and sold shares of the company. California Public Employees Retirement System increased its stake in Plexus Corp. by 1.0% in the fourth quarter. California Public Employees Retirement System now owns 102,652 shares of the company’s stock valued at $3,585,000 after buying an additional 1,000 shares in the last quarter. Comerica Bank increased 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 in the last quarter. Wells Fargo & Company MN increased its stake in Plexus Corp. by 0.7% in the fourth quarter. Wells Fargo & Company MN now owns 259,983 shares of the company’s stock valued at $9,079,000 after buying an additional 1,897 shares in the last quarter. Jennison Associates LLC increased 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 in the last quarter. Finally, Dimensional Fund Advisors LP increased its stake in Plexus Corp. by 10.0% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,893,503 shares of the company’s stock valued at $66,122,000 after buying an additional 172,711 shares in the last quarter.

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.

Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.