Plexus Corp Insider Sells Company Shares
Steven Frisch, President & Chief Strategy Officer of Plexus Corp (NASDAQ:PLXS), executed a sale of 6,905 shares in the company on February 6, 2024, according to a recent SEC Filing.
Plexus Corp specializes in providing electronic manufacturing services. The company offers product design, value-added engineering, manufacturing, and aftermarket services to companies with mid-to-low volume, higher complexity products. Plexus serves a range of industries including healthcare/life sciences, industrial/commercial, communications, and defense/security/aerospace.
Over the past year, the insider has sold a total of 6,905 shares and has not made any purchases of the company's stock.
The insider transaction history for Plexus Corp indicates a trend of 0 insider buys and 16 insider sells over the past year.
On the date of the insider's recent transaction, shares of Plexus Corp were trading at $95.84, giving the company a market capitalization of $2.607 billion.
The price-earnings ratio of Plexus Corp stands at 21.00, which is slightly lower than the industry median of 21.48 and higher than the company's historical median price-earnings ratio.
With the current share price of $95.84 and a GuruFocus Value of $107.10, Plexus Corp has a price-to-GF-Value ratio of 0.89, indicating that the stock is Modestly Undervalued according to its GF Value.
The GF Value is an intrinsic value estimate that takes into account historical trading multiples, a GuruFocus adjustment factor based on past returns and growth, and future business performance estimates from Morningstar analysts.
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
This article first appeared on GuruFocus.
