Algert Global LLC Raises Stock Holdings in Plexus Corp. (NASDAQ:PLXS)

Algert Global LLC boosted its position in Plexus Corp. (NASDAQ:PLXS - Free Report) by 1,546.5% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 45,790 shares of the technology company's stock after buying an additional 43,009 shares during the period. Algert Global LLC owned approximately 0.17% of Plexus worth $6,260,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Vanguard Group Inc. boosted its stake in shares of Plexus by 2.2% in the first quarter. Vanguard Group Inc. now owns 3,515,866 shares of the technology company's stock valued at $333,374,000 after buying an additional 74,988 shares in the last quarter. Comerica Bank grew its stake in shares of Plexus by 22.5% during the 1st quarter. Comerica Bank now owns 81,817 shares of the technology company's stock worth $7,758,000 after purchasing an additional 15,046 shares during the period. Harbor Capital Advisors Inc. lifted its stake in shares of Plexus by 269.9% in the second quarter. Harbor Capital Advisors Inc. now owns 7,268 shares of the technology company's stock valued at $750,000 after purchasing an additional 5,303 shares during the period. Janus Henderson Group PLC lifted its stake in shares of Plexus by 68.4% in the first quarter. Janus Henderson Group PLC now owns 66,261 shares of the technology company's stock valued at $6,281,000 after purchasing an additional 26,904 shares during the period. Finally, Disciplined Growth Investors Inc. MN grew its position in Plexus by 0.3% during the second quarter. Disciplined Growth Investors Inc. MN now owns 2,109,047 shares of the technology company's stock worth $217,611,000 after buying an additional 7,245 shares during the period. 94.45% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Plexus news, insider Victor (Pang Hau) Tan sold 1,000 shares of the business's stock in a transaction dated Wednesday, August 28th. The stock was sold at an average price of $127.50, for a total transaction of $127,500.00. Following the transaction, the insider now owns 8,605 shares in the company, valued at $1,097,137.50. The trade was a 10.41 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Michael J. Running sold 539 shares of the firm'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 approximately $160,546.10. The trade was a 34.35 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 34,091 shares of company stock valued at $5,334,885 over the last quarter. Company insiders own 2.39% of the company's stock.

Plexus Trading Up 1.5 %

Shares of NASDAQ:PLXS traded up $2.38 during trading on Friday, reaching $162.01. The stock had a trading volume of 302,682 shares, compared to its average volume of 192,352. The company has a quick ratio of 0.71, a current ratio of 1.51 and a debt-to-equity ratio of 0.07. The stock has a market cap of $4.39 billion, a P/E ratio of 40.40 and a beta of 0.87. The business has a fifty day moving average price of $143.00 and a 200-day moving average price of $124.30. Plexus Corp. has a fifty-two week low of $90.18 and a fifty-two week high of $169.41.

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

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on PLXS. Needham & Company LLC lifted 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. StockNews.com upgraded Plexus from a "hold" rating to a "buy" rating in a research report on Monday, November 18th. KeyCorp started coverage on Plexus in a report on Tuesday, October 22nd. They issued a "sector weight" rating on the stock. Finally, Benchmark boosted their price objective on shares of Plexus from $150.00 to $165.00 and gave the stock a "buy" rating in a research report on Monday, October 28th. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, Plexus has a consensus rating of "Moderate Buy" and a consensus target price of $133.50.

Plexus Company Profile

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.