Brokerages Set Plexus Corp. (NASDAQ:PLXS) PT at $133.50

Plexus Corp. (NASDAQ:PLXS) has received an average rating of “Hold” from the five ratings firms that are currently covering the firm, MarketBeat reports. Three investment analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is $133.50.

Several research firms have recently issued reports on PLXS. KeyCorp initiated coverage on shares of Plexus in a report on Tuesday, October 22nd. They set a “sector weight” rating on the stock. Needham & Company LLC boosted their target price on shares of Plexus from $144.00 to $162.00 and gave the stock a “buy” rating in a research report on Friday, October 25th. StockNews.com raised shares of Plexus from a “hold” rating to a “buy” rating in a report on Monday. Finally, Benchmark boosted their price objective on shares of Plexus from $150.00 to $165.00 and gave the company a “buy” rating in a report on Monday, October 28th.

Plexus Stock Up 2.0 %

Shares of Plexus stock opened at $156.21 on Friday. The company has a quick ratio of 0.71, a current ratio of 1.51 and a debt-to-equity ratio of 0.07. The company has a market cap of $4.25 billion, a P/E ratio of 38.96 and a beta of 0.87. The firm’s 50 day moving average price is $140.17 and its 200-day moving average price is $122.81. Plexus has a 52-week low of $90.18 and a 52-week high of $169.41.

Plexus (NASDAQ:PLXS) last posted its quarterly earnings data on Wednesday, October 23rd. The technology company reported $1.85 earnings per share for the quarter, topping analysts’ consensus estimates of $1.55 by $0.30. Plexus had a return on equity of 9.51% and a net margin of 2.82%. The firm had revenue of $1.05 billion during the quarter, compared to analysts’ expectations of $1.01 billion. During the same quarter last year, the firm earned $1.44 EPS. The business’s quarterly revenue was up 2.6% on a year-over-year basis. On average, sell-side analysts predict that Plexus will post 6.13 EPS for the current fiscal year.

Insider Transactions at Plexus

In related news, CFO Patrick John Jermain sold 5,045 shares of the stock in a transaction on Monday, October 28th. The shares were sold at an average price of $143.13, for a total transaction of $722,090.85. Following the sale, the chief financial officer now directly owns 24,602 shares of the company’s stock, valued at approximately $3,521,284.26. This represents a 17.02 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, COO Oliver K. Mihm sold 5,691 shares of the firm’s stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $167.06, for a total transaction of $950,738.46. Following the sale, the chief operating officer now owns 19,585 shares in the company, valued at approximately $3,271,870.10. This represents a 22.52 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 33,552 shares of company stock worth $5,250,872 over the last 90 days. 2.39% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Plexus

Several hedge funds have recently modified their holdings of PLXS. American Century Companies Inc. increased its stake in shares of Plexus by 204.3% during the second quarter. American Century Companies Inc. now owns 158,032 shares of the technology company’s stock worth $16,306,000 after purchasing an additional 106,103 shares in the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. increased its stake in Plexus by 8.8% during the 2nd quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 1,079,340 shares of the technology company’s stock worth $111,366,000 after buying an additional 87,574 shares in the last quarter. Westfield Capital Management Co. LP raised its holdings in shares of Plexus by 28.8% during the first quarter. Westfield Capital Management Co. LP now owns 384,248 shares of the technology company’s stock valued at $36,434,000 after acquiring an additional 85,986 shares during the last quarter. Vanguard Group Inc. raised its holdings in shares of Plexus by 2.2% during the first quarter. Vanguard Group Inc. now owns 3,515,866 shares of the technology company’s stock valued at $333,374,000 after acquiring an additional 74,988 shares during the last quarter. Finally, Disciplined Growth Investors Inc. MN lifted its position in shares of Plexus by 2.8% in the third quarter. Disciplined Growth Investors Inc. MN now owns 2,168,512 shares of the technology company’s stock valued at $296,457,000 after acquiring an additional 59,465 shares in the last quarter. 94.45% of the stock is owned by hedge funds and other institutional investors.

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.