Plexus Corp. (NASDAQ:PLXS) has been given a consensus rating of “Hold” by the seven ratings firms that are currently covering the firm. Six research analysts have rated the stock with a hold rating and one has issued a buy rating on the company. The average 12 month target price among brokers that have issued a report on the stock in the last year is $47.80.
Several equities analysts have weighed in on PLXS shares. Zacks Investment Research downgraded shares of Plexus Corp. from a “buy” rating to a “hold” rating in a report on Wednesday, September 21st. B. Riley downgraded shares of Plexus Corp. to a “neutral” rating and set a $50.00 target price for the company. in a report on Wednesday, July 27th. Finally, Needham & Company LLC set a $52.00 target price on shares of Plexus Corp. and gave the company a “buy” rating in a report on Friday, September 16th.
In other news, CAO Angelo Michael Ninivaggi, Jr. sold 2,250 shares of Plexus Corp. stock in a transaction dated Monday, August 1st. The shares were sold at an average price of $45.94, for a total transaction of $103,365.00. Following the completion of the sale, the chief accounting officer now directly owns 11,837 shares in the company, valued at $543,791.78. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Yong Jin Lim sold 5,000 shares of Plexus Corp. stock in a transaction dated Friday, August 26th. The stock was sold at an average price of $46.49, for a total transaction of $232,450.00. Following the sale, the insider now owns 50,000 shares of the company’s stock, valued at $2,324,500. The disclosure for this sale can be found here. Insiders own 5.30% of the company’s stock.
Several large investors have recently modified their holdings of the company. Virginia Retirement System purchased a new stake in shares of Plexus Corp. during the first quarter worth approximately $474,000. Los Angeles Capital Management & Equity Research Inc. boosted its stake in Plexus Corp. by 2.1% in the first quarter. Los Angeles Capital Management & Equity Research Inc. now owns 32,429 shares of the company’s stock valued at $1,282,000 after buying an additional 675 shares in the last quarter. TIAA CREF Investment Management LLC boosted its stake in Plexus Corp. by 29.0% in the first quarter. TIAA CREF Investment Management LLC now owns 142,198 shares of the company’s stock valued at $5,620,000 after buying an additional 31,985 shares in the last quarter. Prudential Financial Inc. boosted its stake in Plexus Corp. by 9.3% in the first quarter. Prudential Financial Inc. now owns 85,241 shares of the company’s stock valued at $3,368,000 after buying an additional 7,276 shares in the last quarter. Finally, BlackRock Group LTD boosted its stake in Plexus Corp. by 6.7% in the first quarter. BlackRock Group LTD now owns 47,025 shares of the company’s stock valued at $1,858,000 after buying an additional 2,973 shares in the last quarter. Institutional investors and hedge funds own 92.91% of the company’s stock.
Plexus Corp. (NASDAQ:PLXS) opened at 45.68 on Thursday. The stock has a 50 day moving average of $46.44 and a 200 day moving average of $44.18. Plexus Corp. has a one year low of $28.72 and a one year high of $47.94. The firm has a market capitalization of $1.53 billion, a price-to-earnings ratio of 19.27 and a beta of 1.14.
Plexus Corp. (NASDAQ:PLXS) last announced its quarterly earnings results on Wednesday, July 20th. The company reported $0.82 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.77 by $0.05. The business earned $667.60 million during the quarter, compared to the consensus estimate of $655.37 million. Plexus Corp. had a net margin of 3.16% and a return on equity of 9.95%. The business’s revenue was down .3% compared to the same quarter last year. During the same quarter last year, the firm posted $0.69 EPS. Analysts forecast that Plexus Corp. will post $2.64 earnings per share for the current year.
About Plexus Corp.
Plexus Corp. (Plexus) and its subsidiaries are engaged in the electronic manufacturing services (EMS) industry. Plexus delivers end-to-end solutions for customers in the Americas (AMER); Europe, Middle East and Africa (EMEA), and Asia-Pacific (APAC) regions. The Company’s segments are AMER, APAC and EMEA.
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