Plexus Corp (PLXS) Files Form 4 Insider Selling : Dean A Foate Sells 89,554 Shares

Plexus Corp (PLXS): Dean A Foate , Chairman, President and CEO of Plexus Corp sold 89,554 shares on May 2, 2016. The Insider selling transaction was reported by the company on May 4, 2016 to the Securities and Exchange Commission. The shares were sold at $42.68 per share for a total value of $3,815,439.25 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on May 4, 2016, Todd P. Kelsey (Exec VP & Chief Operating Off) sold 4,500 shares at $42.68 per share price.On May 3, 2016, Ronnie Darroch (SVP-Global Mfg Solutions) sold 1,107 shares at $41.62 per share price.Also, On Apr 27, 2016, Dean A Foate (Chairman, President and CEO) sold 9,750 shares at $42.21 per share price.On Apr 27, 2016, Michael V Schrock (director) sold 10,000 shares at $41.85 per share price.

Shares of Plexus Corp. (PLXS) ended Wednesday, May 4, 2016 session in red amid volatile trading. The shares closed down -0.67 points or -1.56% at $42.16 with 2,18,698 shares getting traded. Post opening the session at $42.5, the shares hit an intraday low of $42.15 and an intraday high of $42.87 and the price vacillated in this range throughout the day. The company has a market cap of $1,407 M and the number of outstanding shares has been calculated to be 3,33,74,555 shares. The 52-week high of Plexus Corp. is $46.44 and the 52-week low is $28.72.

Plexus Corp. Money Flow Index Chart

Company has been under the radar of several Street Analysts.Plexus Corp. is Reiterated by RBC Capital Mkts to Sector Perform and the brokerage firm has raised the Price Target to $ 43 from a previous price target of $38 .The Rating was issued on Apr 22, 2016.Plexus Corp. is Reiterated by Needham to Buy and the brokerage firm has raised the Price Target to $ 45 from a previous price target of $38 .The Rating was issued on Apr 22, 2016.

Plexus Corp. (Plexus) and its subsidiaries are engaged in the Electronic Manufacturing Services (EMS) industry. The Company delivers optimized solutions to its customers through its Product Realization Value Stream. 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 serves approximately 140 product companies in the Networking/Communications Healthcare/Life Sciences Industrial/Commercial and Defense/Security/Aerospace market sectors. The Company provides its solutions on a turnkey basis and it procures some or all materials required for product assembly and also provides select services on a consignment basis. The Company’s Design for Excellence (DFX) solutions consist of collection of specific design solutions including design for test design for manufacturability/assembly and design for fabrication.

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