Trade Report: Today: Plexus Corp. (PLXS) Insider Sold $511,900.00 in Stock

Today: Plexus Corp. (PLXS) Insider Sold $511,900.00 in Stock

Plexus Corp. (NASDAQ:PLXS) insider Yong Jin Lim sold 10,000 shares of the stock in a transaction dated Wednesday, November 23rd. The shares were sold at an average price of $51.19, for a total transaction of $511,900.00. Following the transaction, the insider now directly owns 50,000 shares of the company’s stock, valued at approximately $2,559,500. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Shares of Plexus Corp. (NASDAQ:PLXS) traded down 0.90% on Monday, hitting $50.93. 209,521 shares of the company were exchanged. The stock has a market capitalization of $1.71 billion, a PE ratio of 22.74 and a beta of 1.12. Plexus Corp. has a 52-week low of $28.72 and a 52-week high of $51.74. The firm’s 50-day moving average is $47.32 and its 200-day moving average is $45.59.

Plexus Corp. (NASDAQ:PLXS) last released its quarterly earnings data on Wednesday, October 26th. The company reported $0.82 earnings per share for the quarter, beating analysts’ consensus estimates of $0.80 by $0.02. Plexus Corp. had a net margin of 2.99% and a return on equity of 9.77%. 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 company earned $0.69 earnings per share. The firm’s revenue for the quarter was down 2.3% on a year-over-year basis. Equities research analysts predict that Plexus Corp. will post $3.27 earnings per share for the current year.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Isthmus Partners LLC boosted its position in Plexus Corp. by 0.3% in the third quarter. Isthmus Partners LLC now owns 15,508 shares of the company’s stock worth $716,000 after buying an additional 54 shares during the last quarter. Municipal Employees Retirement System of Michigan boosted its position in Plexus Corp. by 1.6% in the third quarter. Municipal Employees Retirement System of Michigan now owns 7,400 shares of the company’s stock worth $346,000 after buying an additional 120 shares during the last quarter. PineBridge Investments L.P. boosted its position in Plexus Corp. by 3.7% in the second quarter. PineBridge Investments L.P. now owns 4,229 shares of the company’s stock worth $183,000 after buying an additional 152 shares during the last quarter. Alliancebernstein L.P. boosted its position in Plexus Corp. by 0.4% in the second quarter. Alliancebernstein L.P. now owns 52,152 shares of the company’s stock worth $2,253,000 after buying an additional 200 shares during the last quarter. Finally, Arizona State Retirement System boosted its position in Plexus Corp. by 1.2% in the second quarter. Arizona State Retirement System now owns 17,339 shares of the company’s stock worth $749,000 after buying an additional 200 shares during the last quarter. 94.67% of the stock is owned by institutional investors.

PLXS has been the subject of several research reports. Needham & Company LLC set a $52.00 price objective on shares of Plexus Corp. and gave the company a “buy” rating in a report on Friday, September 16th. Zacks Investment Research downgraded shares of Plexus Corp. from a “buy” rating to a “hold” rating in a report on Wednesday, September 21st. Finally, B. Riley reissued a “neutral” rating and set a $50.00 price objective on shares of Plexus Corp. in a report on Thursday, October 27th. Four investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. Plexus Corp. has a consensus rating of “Hold” and an average target price of $49.80.

Plexus Corp. Company Profile

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