Plexus Corp. (NASDAQ:PLXS – Get Free Report) insider Steven J. Frisch sold 700 shares of the business’s stock in a transaction on Wednesday, May 8th. The stock was sold at an average price of $108.19, for a total value of $75,733.00. Following the transaction, the insider now owns 56,113 shares of the company’s stock, valued at approximately $6,070,865.47. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.
Plexus Trading Up 0.6 %
Shares of NASDAQ PLXS traded up $0.62 during mid-day trading on Wednesday, hitting $107.04. 78,819 shares of the company traded hands, compared to its average volume of 120,473. Plexus Corp. has a 1 year low of $85.35 and a 1 year high of $114.06. The stock has a market capitalization of $2.95 billion, a price-to-earnings ratio of 29.57 and a beta of 1.00. The company has a quick ratio of 0.64, a current ratio of 1.51 and a debt-to-equity ratio of 0.15. The business has a 50 day moving average of $95.76 and a two-hundred day moving average of $98.96.
Plexus (NASDAQ:PLXS – Get Free Report) last announced its earnings results on Wednesday, April 24th. The technology company reported $0.94 EPS for the quarter, beating the consensus estimate of $0.87 by $0.07. The business 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%. Plexus’s revenue was down 9.7% compared to the same quarter last year. During the same period in the prior year, the business posted $1.45 earnings per share. On average, sell-side analysts anticipate that Plexus Corp. will post 3.61 earnings per share for the current fiscal year.
Analyst Ratings Changes
View Our Latest Stock Analysis on PLXS
Institutional Inflows and Outflows
Large investors have recently bought and sold shares of the business. Parallel Advisors LLC raised its position in 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. GAMMA Investing LLC acquired a new position in Plexus during the fourth quarter valued at $44,000. Cetera Trust Company N.A acquired a new position in Plexus during the fourth quarter valued at $54,000. McGlone Suttner Wealth Management Inc. acquired a new position in Plexus during the fourth quarter valued at $66,000. Finally, TFO Wealth Partners LLC raised its position in Plexus by 86,050.0% during the fourth quarter. TFO Wealth Partners LLC now owns 1,723 shares of the technology company’s stock valued at $186,000 after buying an additional 1,721 shares during the period. 94.45% of the stock is owned by institutional investors and hedge funds.
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.
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