Ronnie Darroch Sells 2,300 Shares of Plexus Corp. (PLXS) Stock

Plexus Corp. (NASDAQ:PLXS) VP Ronnie Darroch sold 2,300 shares of the stock in a transaction dated Friday, August 3rd. The shares were sold at an average price of $60.40, for a total value of $138,920.00. Following the completion of the transaction, the vice president now owns 9,918 shares of the company’s stock, valued at $599,047.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Ronnie Darroch also recently made the following trade(s):

  • On Friday, May 11th, Ronnie Darroch sold 1,900 shares of Plexus stock. The shares were sold at an average price of $59.22, for a total value of $112,518.00.

NASDAQ PLXS traded down $0.23 during trading hours on Friday, hitting $63.29. 120,100 shares of the company’s stock were exchanged, compared to its average volume of 166,882. Plexus Corp. has a 1-year low of $50.33 and a 1-year high of $66.78. The stock has a market capitalization of $2.02 billion, a P/E ratio of 19.61 and a beta of 0.73. The company has a debt-to-equity ratio of 0.20, a current ratio of 2.11 and a quick ratio of 1.05.

Plexus (NASDAQ:PLXS) last released its earnings results on Wednesday, July 18th. The technology company reported $0.79 EPS for the quarter, missing the consensus estimate of $0.82 by ($0.03). Plexus had a positive return on equity of 11.37% and a negative net margin of 1.11%. The business had revenue of $726.39 million for the quarter, compared to analyst estimates of $721.08 million. During the same period in the prior year, the business earned $0.74 EPS. The company’s revenue for the quarter was up 17.4% on a year-over-year basis. equities analysts expect that Plexus Corp. will post 3.15 earnings per share for the current year.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. MetLife Investment Advisors LLC acquired a new stake in Plexus in the fourth quarter valued at approximately $936,000. Prudential Financial Inc. grew its stake in Plexus by 2.4% in the first quarter. Prudential Financial Inc. now owns 57,012 shares of the technology company’s stock valued at $3,405,000 after acquiring an additional 1,350 shares during the period. Xact Kapitalforvaltning AB acquired a new stake in Plexus in the fourth quarter valued at approximately $215,000. Great West Life Assurance Co. Can grew its stake in Plexus by 2.2% in the first quarter. Great West Life Assurance Co. Can now owns 43,519 shares of the technology company’s stock valued at $2,600,000 after acquiring an additional 945 shares during the period. Finally, Cooke & Bieler LP grew its stake in Plexus by 267.7% in the first quarter. Cooke & Bieler LP now owns 267,430 shares of the technology company’s stock valued at $15,974,000 after acquiring an additional 194,700 shares during the period. 93.85% of the stock is owned by institutional investors and hedge funds.

PLXS has been the subject of several research reports. BidaskClub downgraded Plexus from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, July 25th. ValuEngine downgraded Plexus from a “buy” rating to a “hold” rating in a research report on Saturday, June 2nd. Finally, Needham & Company LLC restated a “buy” rating and set a $70.00 price objective on shares of Plexus in a research report on Friday, July 20th. Five research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $66.20.

About Plexus

Plexus Corp., together with its subsidiaries, provides electronic manufacturing services in the Americas, Europe, the Middle East, Africa, and the Asia-Pacific. It offers product conceptualization solutions; and product design and value-engineering solutions, including program management, feasibility studies, specification development for product features and functionality, circuit design, field programmable gate array design, printed circuit board layout, embedded software design, mechanical design, test specifications development and product verification testing, and automated production solutions and complex automation design.

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Insider Buying and Selling by Quarter for Plexus (NASDAQ:PLXS)

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