Today, 41,000 Shares of Plexus Corp. (PLXS) Stock are sold by Dean A. Foate

Today, 41,000 Shares of Plexus Corp. (PLXS) Stock are sold by Dean A. Foate

Plexus Corp. (NASDAQ:PLXS) Chairman Dean A. Foate sold 41,000 shares of the company’s stock in a transaction that occurred on Wednesday, November 23rd. The shares were sold at an average price of $51.10, for a total value of $2,095,100.00. Following the transaction, the chairman now owns 251,856 shares of the company’s stock, valued at approximately $12,869,841.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Plexus Corp. (NASDAQ:PLXS) traded up 0.21% during trading on Friday, reaching $51.39. The company’s stock had a trading volume of 65,627 shares. Plexus Corp. has a 12-month low of $28.72 and a 12-month high of $51.65. The company has a market capitalization of $1.72 billion, a P/E ratio of 22.94 and a beta of 1.12. The firm’s 50-day moving average price is $47.20 and its 200 day moving average price is $45.53.

Plexus Corp. (NASDAQ:PLXS) last posted its quarterly earnings data on Wednesday, October 26th. The company reported $0.82 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.80 by $0.02. Plexus Corp. had a return on equity of 9.77% and a net margin of 2.99%. The company earned $653.06 million during the quarter, compared to analysts’ expectations of $670.53 million. During the same quarter in the previous year, the business earned $0.69 EPS. Plexus Corp.’s revenue was down 2.3% compared to the same quarter last year. On average, analysts predict that Plexus Corp. will post $3.27 earnings per share for the current fiscal year.

A number of brokerages recently commented on PLXS. B. Riley restated a “neutral” rating and set a $50.00 target price on shares of Plexus Corp. in a report on Sunday, August 14th. Needham & Company LLC set a $52.00 target price on Plexus Corp. and gave the company a “buy” rating in a report on Friday, September 16th. Finally, Zacks Investment Research upgraded Plexus Corp. from a “hold” rating to a “buy” rating and set a $51.00 target price for the company in a report on Monday, October 31st. Four equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. Plexus Corp. currently has an average rating of “Hold” and a consensus price target of $49.80.

A number of large investors have recently modified their holdings of the stock. Artemis Investment Management LLP purchased a new stake in shares of Plexus Corp. during the second quarter worth $15,547,000. Smith Asset Management Group LP raised its stake in shares of Plexus Corp. by 205,750.0% in the second quarter. Smith Asset Management Group LP now owns 65,872 shares of the company’s stock worth $2,846,000 after buying an additional 65,840 shares during the period. Swiss National Bank raised its stake in shares of Plexus Corp. by 1.4% in the second quarter. Swiss National Bank now owns 56,200 shares of the company’s stock worth $2,428,000 after buying an additional 800 shares during the period. Hancock Holding Co. purchased a new stake in shares of Plexus Corp. during the second quarter worth $864,000. Finally, Mason Street Advisors LLC purchased a new stake in shares of Plexus Corp. during the second quarter worth $282,000. 94.94% of the stock is owned by institutional investors and hedge funds.

About Plexus Corp.

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