Plexus Corp. (NASDAQ:PLXS) CEO Todd P. Kelsey sold 4,000 shares of Plexus stock in a transaction on Monday, November 5th. The shares were sold at an average price of $60.45, for a total value of $241,800.00. Following the completion of the transaction, the chief executive officer now owns 72,031 shares of the company’s stock, valued at $4,354,273.95. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

Plexus stock opened at $58.19 on Friday. Plexus Corp. has a 52 week low of $52.44 and a 52 week high of $66.78. The company has a debt-to-equity ratio of 0.20, a current ratio of 2.06 and a quick ratio of 0.98. The stock has a market cap of $1.94 billion, a P/E ratio of 18.60 and a beta of 0.60.

Plexus (NASDAQ:PLXS) last posted its earnings results on Wednesday, October 24th. The technology company reported $0.96 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.87 by $0.09. Plexus had a return on equity of 11.98% and a net margin of 0.45%. The business had revenue of $771.18 million during the quarter, compared to analysts’ expectations of $760.98 million. During the same period in the previous year, the business earned $0.84 earnings per share. The firm’s revenue was up 15.1% on a year-over-year basis. As a group, equities research analysts predict that Plexus Corp. will post 3.87 earnings per share for the current fiscal year.

A number of institutional investors have recently bought and sold shares of PLXS. Millennium Management LLC purchased a new position in Plexus during the first quarter worth about $752,000. Xact Kapitalforvaltning AB grew its position in Plexus by 62.2% during the first quarter. Xact Kapitalforvaltning AB now owns 5,737 shares of the technology company’s stock worth $343,000 after buying an additional 2,200 shares in the last quarter. WINTON GROUP Ltd purchased a new position in Plexus during the first quarter worth about $244,000. Principal Financial Group Inc. grew its position in Plexus by 2.5% during the first quarter. Principal Financial Group Inc. now owns 264,205 shares of the technology company’s stock worth $15,781,000 after buying an additional 6,506 shares in the last quarter. Finally, Bank of Montreal Can grew its position in Plexus by 413.3% during the second quarter. Bank of Montreal Can now owns 9,466 shares of the technology company’s stock worth $563,000 after buying an additional 7,622 shares in the last quarter. Institutional investors and hedge funds own 97.40% of the company’s stock.

PLXS has been the subject of several recent research reports. BidaskClub cut Plexus from a “sell” rating to a “strong sell” rating in a research report on Thursday, October 4th. Needham & Company LLC reiterated a “buy” rating and issued a $70.00 price target on shares of Plexus in a research report on Friday, July 20th. Finally, ValuEngine cut Plexus from a “buy” rating to a “hold” rating in a research report on Thursday, September 27th. Four analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $70.67.

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About Plexus

Plexus Corp., together with its subsidiaries, provides electronic manufacturing services in the Americas, Europe, the Middle East, Africa, and the Asia-Pacific. It offers product conceptualization solutions; and product design and value-engineering solutions, including program management, feasibility studies, specification development for product features and functionality, circuit design, field programmable gate array design, printed circuit board layout, embedded software design, mechanical design, test specifications development and product verification testing, and automated production solutions and complex automation design.

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