Bridgewater Associates LP Takes Position in Plexus Corp. (NASDAQ:PLXS)

Bridgewater Associates LP acquired a new position in Plexus Corp. (NASDAQ:PLXS - Free Report) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 4,856 shares of the technology company's stock, valued at approximately $664,000.

Several other institutional investors also recently modified their holdings of the business. Quest Partners LLC boosted its position in Plexus by 36,700.0% during the second quarter. Quest Partners LLC now owns 368 shares of the technology company's stock valued at $38,000 after acquiring an additional 367 shares during the last quarter. Innealta Capital LLC bought a new stake in Plexus during the second quarter valued at $51,000. Farther Finance Advisors LLC boosted its position in Plexus by 89.4% during the third quarter. Farther Finance Advisors LLC now owns 464 shares of the technology company's stock valued at $63,000 after acquiring an additional 219 shares during the last quarter. Advisors Asset Management Inc. boosted its position in Plexus by 85.0% during the third quarter. Advisors Asset Management Inc. now owns 664 shares of the technology company's stock valued at $91,000 after acquiring an additional 305 shares during the last quarter. Finally, GAMMA Investing LLC boosted its position in Plexus by 190.1% during the third quarter. GAMMA Investing LLC now owns 760 shares of the technology company's stock valued at $104,000 after acquiring an additional 498 shares during the last quarter. Institutional investors own 94.45% of the company's stock.

Plexus Stock Up 0.5 %

Shares of PLXS traded up $0.78 on Tuesday, reaching $167.23. The company's stock had a trading volume of 122,102 shares, compared to its average volume of 180,924. The company has a current ratio of 1.51, a quick ratio of 0.71 and a debt-to-equity ratio of 0.07. Plexus Corp. has a twelve month low of $90.18 and a twelve month high of $169.41. The stock has a market capitalization of $4.53 billion, a PE ratio of 41.70 and a beta of 0.90. The firm has a fifty day moving average of $147.10 and a 200-day moving average of $126.65.

Plexus (NASDAQ:PLXS - Get Free Report) last posted its earnings results on Wednesday, October 23rd. The technology company reported $1.85 earnings per share for the quarter, topping analysts' consensus estimates of $1.55 by $0.30. Plexus had a net margin of 2.82% and a return on equity of 9.51%. The company had revenue of $1.05 billion for the quarter, compared to analyst estimates of $1.01 billion. During the same quarter in the prior year, the business posted $1.44 EPS. The firm's revenue was up 2.6% compared to the same quarter last year. Equities analysts predict that Plexus Corp. will post 6.14 EPS for the current year.

Analyst Upgrades and Downgrades

A number of analysts have commented on the stock. Needham & Company LLC upped their price target on shares of Plexus from $144.00 to $162.00 and gave the company a "buy" rating in a research report on Friday, October 25th. KeyCorp started coverage on shares of Plexus in a research report on Tuesday, October 22nd. They set a "sector weight" rating on the stock. StockNews.com upgraded shares of Plexus from a "hold" rating to a "buy" rating in a report on Monday, November 18th. Finally, Benchmark upped their price objective on shares of Plexus from $150.00 to $165.00 and gave the company a "buy" rating in a report on Monday, October 28th. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, Plexus presently has an average rating of "Moderate Buy" and an average price target of $133.50.

Insider Buying and Selling

In related news, insider Michael J. Running sold 539 shares of the company's stock in a transaction dated Wednesday, November 20th. The shares were sold at an average price of $155.87, for a total value of $84,013.93. Following the sale, the insider now owns 1,030 shares in the company, valued at $160,546.10. This represents a 34.35 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, COO Oliver K. Mihm sold 5,691 shares of the stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $167.06, for a total transaction of $950,738.46. Following the completion of the sale, the chief operating officer now owns 19,585 shares of the company's stock, valued at approximately $3,271,870.10. This trade represents a 22.52 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 32,591 shares of company stock worth $5,143,375 in the last quarter. Insiders own 2.39% of the company's stock.

About Plexus

Plexus Corp. provides electronic manufacturing services in the United States and internationally. It offers design, develop, supply chain, new product introduction, and manufacturing solutions, as well as sustaining services to companies in the healthcare/life sciences, industrial/commercial, aerospace/defense, and communications market sectors.