Plexus Corp (PLXS) Files Form 4 Insider Selling : Peter Kelly Sells 13,919 Shares

Plexus Corp (PLXS): Peter Kelly , director of Plexus Corp sold 13,919 shares on May 13, 2016. The Insider selling transaction was reported by the company on May 17, 2016 to the Securities and Exchange Commission. The shares were sold at $42.78 per share for a total value of $594,699.38 , 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 13, 2016, Yong Jin Lim (Regional Pres – Plxs Asia Pac.) sold 7,500 shares at $43.01 per share price.On May 12, 2016, Todd P. Kelsey (Exec VP & Chief Operating Off) sold 5,000 shares at $43.01 per share price.Also, On May 12, 2016, Dean A Foate (Chairman, President and CEO) sold 48,000 shares at $42.98 per share price.On May 6, 2016, Stephen P Cortinovis (director) sold 5,000 shares at $42.26 per share price.

Plexus Corp.: On Monday, May 16, 2016 heightened volatility was witnessed in Plexus Corp. which led to swings in the share price. The shares opened for trading at $42.31 and hit $42.99 on the upside , eventually ending the session at $42.72, with a gain of 0.90% or 0.38 points. The heightened volatility saw the trading volume jump to 1,29,741 shares. The 52-week high of the share price is $46.44 and the company has a market cap of $1,425 M . The 52-week low of the share price is at $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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