Victor (Pang Hau) Tan Sells 1,000 Shares of Plexus Corp. (NASDAQ:PLXS) Stock

Plexus Corp. (NASDAQ:PLXS) insider Victor (Pang Hau) Tan sold 1,000 shares of the business’s stock in a transaction dated Wednesday, August 28th. The stock was sold at an average price of $127.50, for a total transaction of $127,500.00. Following the completion of the sale, the insider now owns 8,605 shares in the company, valued at $1,097,137.50. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Plexus Stock Up 0.3 %

Shares of PLXS opened at $128.11 on Friday. The firm has a fifty day moving average price of $116.68 and a 200-day moving average price of $105.70. The company has a current ratio of 1.47, a quick ratio of 0.64 and a debt-to-equity ratio of 0.07. The firm has a market capitalization of $3.49 billion, a P/E ratio of 35.39 and a beta of 0.90. Plexus Corp. has a 12-month low of $87.21 and a 12-month high of $132.46.

Plexus (NASDAQ:PLXS) last issued its earnings results on Wednesday, July 24th. The technology company reported $1.45 EPS for the quarter, topping analysts’ consensus estimates of $1.28 by $0.17. The business had revenue of $960.70 million for the quarter, compared to analyst estimates of $981.32 million. Plexus had a net margin of 2.82% and a return on equity of 9.64%. The company’s quarterly revenue was down 6.0% compared to the same quarter last year. During the same period last year, the company posted $1.32 earnings per share. Equities research analysts expect that Plexus Corp. will post 3.74 earnings per share for the current year.

Institutional Investors Weigh In On Plexus

Hedge funds have recently made changes to their positions in the company. Parallel Advisors LLC increased its stake in shares of Plexus by 72.3% during the fourth quarter. Parallel Advisors LLC now owns 348 shares of the technology company’s stock valued at $38,000 after buying an additional 146 shares during the period. Quest Partners LLC grew its holdings in Plexus by 36,700.0% during the 2nd quarter. Quest Partners LLC now owns 368 shares of the technology company’s stock worth $38,000 after acquiring an additional 367 shares in the last quarter. GAMMA Investing LLC purchased a new position in Plexus during the 4th quarter valued at about $44,000. Innealta Capital LLC bought a new stake in shares of Plexus in the 2nd quarter valued at about $51,000. Finally, EntryPoint Capital LLC lifted its position in shares of Plexus by 56.2% in the 1st quarter. EntryPoint Capital LLC now owns 976 shares of the technology company’s stock worth $93,000 after purchasing an additional 351 shares during the period. 94.45% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the company. Benchmark boosted their target price on Plexus from $120.00 to $145.00 and gave the company a “buy” rating in a research report on Monday, July 29th. Needham & Company LLC boosted their target price on Plexus from $114.00 to $144.00 and gave the company a “buy” rating in a research report on Friday, July 26th. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, Plexus has a consensus rating of “Hold” and an average price target of $124.00.

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.