Today, the Sr. VP, CAO, Gen Coun & Secy of Plexus (NASDAQ: PLXS), Angelo Michael Ninivaggi, bought shares of PLXS for $163.4K.
Following this transaction Angelo Michael Ninivaggi’s holding in the company was increased by 26.52% to a total of $1.48 million. In addition to Angelo Michael Ninivaggi, 10 other PLXS executives reported Buy trades in the last month.
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Based on Plexus’ latest earnings report for the quarter ending June 30, the company posted quarterly revenue of $726 million and quarterly net profit of $26.5 million. In comparison, last year the company earned revenue of $619 million and had a net profit of $25.58 million. Currently, Plexus has an average volume of 140.6K.
In the last 30 days, insiders have sold $3.38M worth of PLXS shares and purchased $2.04M worth of PLXS shares. The insider sentiment on Plexus has been neutral according to 88 insider trades in the past three months. This sentiment is slightly higher than the average sentiment of company insiders in this sector.
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Plexus Corp. engages in the provision of electronic manufacturing services. The firm partners with companies to transform concepts into branded products and deliver them to the market. It has partnerships with customers in the healthcare and life sciences; industrial and commercial; communications; and aerospace and defense market sectors.
