Plexus Corp. (NASDAQ:PLXS – Get Free Report) CAO Angelo Michael Ninivaggi, Jr. sold 2,250 shares of the stock in a transaction on Friday, May 3rd. The shares were sold at an average price of $102.66, for a total transaction of $230,985.00. Following the transaction, the chief accounting officer now owns 38,560 shares in the company, valued at $3,958,569.60. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.
Plexus Stock Up 0.6 %
NASDAQ:PLXS opened at $107.04 on Thursday. The firm has a market capitalization of $2.95 billion, a PE ratio of 29.57 and a beta of 1.00. Plexus Corp. has a 52 week low of $85.35 and a 52 week high of $114.06. The company has a current ratio of 1.51, a quick ratio of 0.64 and a debt-to-equity ratio of 0.15. The stock has a 50 day moving average of $96.04 and a 200-day moving average of $99.02.
Plexus (NASDAQ:PLXS – Get Free Report) last issued its quarterly earnings data on Wednesday, April 24th. The technology company reported $0.94 EPS for the quarter, topping analysts’ consensus estimates of $0.87 by $0.07. The firm had revenue of $966.90 million during the quarter, compared to the consensus estimate of $950.75 million. Plexus had a return on equity of 10.77% and a net margin of 2.54%. The firm’s revenue was down 9.7% on a year-over-year basis. During the same period in the prior year, the business earned $1.45 EPS. Analysts predict that Plexus Corp. will post 3.61 EPS for the current year.
Institutional Trading of Plexus
Analyst Upgrades and Downgrades
Several equities analysts have recently commented on PLXS shares. Needham & Company LLC increased their price target on shares of Plexus from $107.00 to $114.00 and gave the stock a “buy” rating in a research report on Friday, April 26th. Stifel Nicolaus increased their target price on Plexus from $90.00 to $95.00 and gave the stock a “hold” rating in a report on Friday, April 26th. Benchmark reiterated a “buy” rating and issued a $110.00 price target on shares of Plexus in a report on Wednesday, January 17th. Finally, TheStreet downgraded shares of Plexus from a “b” rating to a “c+” rating in a report on Tuesday, February 13th. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $107.75.
Check Out Our Latest Stock Report on PLXS
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.
Recommended Stories
- Five stocks we like better than Plexus
- How to Calculate Return on Investment (ROI)
- Lucid’s Stock Price is Still in Reverse: New Lows Are Coming
- What is a Low P/E Ratio and What Does it Tell Investors?
- Generac Powers Ahead on the Electrification Mega-Trend
- What is the S&P/TSX Index?
- PulteGroup Wins and Wins More on Interest Rate Cuts
Receive News & Ratings for Plexus Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Plexus and related companies with MarketBeat.com's FREE daily email newsletter.