Alliancebernstein L.P. Has $8.42 Million Stock Position in Plexus Corp. (NASDAQ:PLXS)

Alliancebernstein L.P. boosted its holdings in shares of Plexus Corp. (NASDAQ:PLXS - Free Report) by 71.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 53,821 shares of the technology company's stock after purchasing an additional 22,374 shares during the period. Alliancebernstein L.P. owned about 0.20% of Plexus worth $8,422,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of PLXS. TD Private Client Wealth LLC bought a new position in shares of Plexus in the fourth quarter valued at approximately $28,000. Quarry LP raised its position in Plexus by 573.5% in the 3rd quarter. Quarry LP now owns 229 shares of the technology company's stock valued at $31,000 after purchasing an additional 195 shares during the last quarter. R Squared Ltd acquired a new position in Plexus in the fourth quarter worth $45,000. Nomura Asset Management Co. Ltd. grew its holdings in shares of Plexus by 45.5% during the fourth quarter. Nomura Asset Management Co. Ltd. now owns 320 shares of the technology company's stock worth $50,000 after purchasing an additional 100 shares during the last quarter. Finally, USA Financial Formulas acquired a new stake in shares of Plexus in the fourth quarter valued at $56,000. 94.45% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on PLXS shares. Stifel Nicolaus began coverage on shares of Plexus in a report on Tuesday, February 4th. They set a "hold" rating and a $152.00 price objective on the stock. Benchmark reaffirmed a "buy" rating and set a $165.00 price objective on shares of Plexus in a report on Wednesday, January 22nd. Finally, Needham & Company LLC boosted their target price on Plexus from $162.00 to $172.00 and gave the stock a "buy" rating in a research report on Friday, January 24th. Two 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 currently has an average rating of "Moderate Buy" and a consensus target price of $163.00.

Insider Activity

In related news, Director Randy J. Martinez sold 887 shares of the firm's stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $140.52, for a total transaction of $124,641.24. Following the sale, the director now directly owns 4,831 shares in the company, valued at $678,852.12. This trade represents a 15.51 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Frank Zycinski sold 1,200 shares of the company's stock in a transaction on Monday, February 10th. The stock was sold at an average price of $140.84, for a total transaction of $169,008.00. Following the completion of the transaction, the insider now directly owns 723 shares of the company's stock, valued at approximately $101,827.32. The trade was a 62.40 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 17,958 shares of company stock worth $2,551,930 in the last 90 days. Corporate insiders own 1.76% of the company's stock.

Plexus Trading Down 0.3 %

Shares of Plexus stock traded down $0.36 on Thursday, hitting $121.57. 27,059 shares of the company's stock traded hands, compared to its average volume of 164,123. The firm's 50-day moving average price is $127.93 and its two-hundred day moving average price is $144.67. Plexus Corp. has a one year low of $92.72 and a one year high of $172.89. The stock has a market capitalization of $3.29 billion, a PE ratio of 28.24 and a beta of 0.83. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.53 and a quick ratio of 0.70.

Plexus (NASDAQ:PLXS - Get Free Report) last released its quarterly earnings data on Wednesday, January 22nd. The technology company reported $1.49 EPS for the quarter, missing analysts' consensus estimates of $1.59 by ($0.10). Plexus had a net margin of 3.03% and a return on equity of 10.36%. On average, research analysts expect that Plexus Corp. will post 5.9 EPS for the current fiscal year.

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.