Randy J. Martinez Sells 887 Shares of Plexus Corp. (NASDAQ:PLXS) Stock

Plexus Corp. (NASDAQ:PLXS) Director Randy J. Martinez sold 887 shares of the stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $140.52, for a total transaction of $124,641.24. Following the completion of the sale, the director now directly owns 4,831 shares of the company’s stock, valued at approximately $678,852.12. This trade represents a 15.51 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Plexus Trading Down 1.7 %

Shares of PLXS stock opened at $137.34 on Friday. The company has a current ratio of 1.53, a quick ratio of 0.70 and a debt-to-equity ratio of 0.07. The stock has a market capitalization of $3.71 billion, a price-to-earnings ratio of 31.87 and a beta of 0.89. Plexus Corp. has a 12-month low of $90.18 and a 12-month high of $172.89. The stock’s 50-day moving average price is $153.12 and its 200-day moving average price is $144.86.

Plexus (NASDAQ:PLXS) last released its quarterly earnings data on Wednesday, January 22nd. The technology company reported $1.49 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.59 by ($0.10). Plexus had a return on equity of 10.36% and a net margin of 3.03%. Equities research analysts predict that Plexus Corp. will post 5.9 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts have issued reports on PLXS shares. Needham & Company LLC increased their price target on Plexus from $162.00 to $172.00 and gave the stock a “buy” rating in a research note on Friday, January 24th. Stifel Nicolaus began coverage on Plexus in a research report on Tuesday, February 4th. They set a “hold” rating and a $152.00 target price for the company. Benchmark reissued a “buy” rating and issued a $165.00 price target on shares of Plexus in a report on Wednesday, January 22nd. Finally, StockNews.com raised shares of Plexus from a “hold” rating to a “buy” rating in a report on Monday, November 18th. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $163.00.

Institutional Investors Weigh In On Plexus

A number of hedge funds have recently bought and sold shares of PLXS. Pacer Advisors Inc. bought a new stake in shares of Plexus in the 4th quarter worth about $107,489,000. American Century Companies Inc. grew its position in Plexus by 72.2% in the fourth quarter. American Century Companies Inc. now owns 544,017 shares of the technology company’s stock worth $85,128,000 after acquiring an additional 228,027 shares in the last quarter. Fuller & Thaler Asset Management Inc. bought a new stake in Plexus during the fourth quarter worth approximately $24,747,000. JPMorgan Chase & Co. raised its position in Plexus by 146.9% during the fourth quarter. JPMorgan Chase & Co. now owns 258,824 shares of the technology company’s stock valued at $40,501,000 after purchasing an additional 154,003 shares during the period. Finally, Arrowstreet Capital Limited Partnership lifted its stake in shares of Plexus by 1,875.1% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 137,466 shares of the technology company’s stock valued at $21,511,000 after purchasing an additional 130,506 shares during the last quarter. Hedge funds and other institutional investors own 94.45% of the company’s stock.

About Plexus

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.