Plexus Corp (NASDAQ:PLXS) Executive Vice President, Chief Administrative Officer, General Counsel, and Secretary Angelo Michael Ninivaggi Jr. recently sold 2,250 shares of the company's stock, according to a new SEC filing. The transaction, which occurred on May 3, 2024, was executed at a price of $102.66 per share, resulting in a total sale value of approximately $230,985.
The sale has adjusted Ninivaggi's direct holdings in the company to 38,560 shares following the transaction. Additionally, the SEC filing noted that Ninivaggi holds shares in the Plexus Corp. 401(k) Retirement Plan, with a post-transaction total of 2,829 shares as of the last report from the plan's trustee.
Plexus Corp, known for its expertise in printed circuit boards, has a significant presence in the manufacturing sector. The recent stock sale by a high-ranking executive is a transaction of interest to investors and market watchers, providing insights into executive stock ownership trends within the company.
For more detailed information on the company's latest SEC filings and executive transactions, interested parties can access the full documents through the SEC's official website.
InvestingPro Insights
Plexus Corp (NASDAQ:PLXS) has been a topic of discussion among investors, particularly after the recent sale of shares by a top executive. To provide a clearer picture of the company's current financial standing, here are some insights based on real-time data and InvestingPro Tips:
InvestingPro Data shows Plexus Corp with a market capitalization of $2.91 billion and a Price-to-Earnings (P/E) ratio of 29.02, which adjusts to 22.29 on a last twelve months basis as of Q2 2024. Despite a revenue decline of 6.44% over the last twelve months as of Q2 2024, analysts remain optimistic about the company's profitability. This is further supported by the company's Price/Book ratio of 2.32, which suggests a reasonable valuation relative to the company's assets.
An important InvestingPro Tip to consider is that two analysts have revised their earnings upwards for the upcoming period, indicating potential confidence in Plexus Corp's future performance. Additionally, it's worth noting that the stock trades with low price volatility, which may appeal to investors seeking stability in their portfolios.
For those interested in further analysis and tips, Plexus Corp has additional insights available on InvestingPro, with a total of 8 InvestingPro Tips that could help in making informed investment decisions. For a more comprehensive investment analysis, use coupon code PRONEWS24 to get an additional 10% off a yearly or biyearly Pro and Pro+ subscription at InvestingPro.
The recent sale by Executive Vice President Angelo Michael Ninivaggi Jr. has certainly put the spotlight on Plexus Corp, and with the provided InvestingPro Insights, investors can delve deeper into the company's financial nuances and potential investment opportunities.
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