AlphaQuest LLC Makes New Investment in Plexus Corp. (NASDAQ:PLXS)

AlphaQuest LLC purchased a new position in Plexus Corp. (NASDAQ:PLXS - Free Report) during the 4th quarter, according to its most recent disclosure with the SEC. The fund purchased 9,691 shares of the technology company's stock, valued at approximately $1,516,000.

Other institutional investors also recently added to or reduced their stakes in the company. Pacer Advisors Inc. bought a new stake in shares of Plexus during the fourth quarter valued at approximately $107,489,000. Raymond James Financial Inc. bought a new stake in shares of Plexus during the fourth quarter valued at approximately $15,892,000. Disciplined Growth Investors Inc. MN increased its position in shares of Plexus by 2.8% during the third quarter. Disciplined Growth Investors Inc. MN now owns 2,168,512 shares of the technology company's stock valued at $296,457,000 after purchasing an additional 59,465 shares during the period. Algert Global LLC increased its position in shares of Plexus by 1,546.5% during the third quarter. Algert Global LLC now owns 45,790 shares of the technology company's stock valued at $6,260,000 after purchasing an additional 43,009 shares during the period. Finally, Barclays PLC increased its position in shares of Plexus by 139.4% during the third quarter. Barclays PLC now owns 48,786 shares of the technology company's stock valued at $6,669,000 after purchasing an additional 28,406 shares during the period. 94.45% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages recently commented on PLXS. StockNews.com raised Plexus from a "hold" rating to a "buy" rating in a research note on Monday, November 18th. Benchmark reaffirmed a "buy" rating and issued a $165.00 price target on shares of Plexus in a research note on Wednesday, January 22nd. Stifel Nicolaus assumed coverage on Plexus in a research note on Tuesday, February 4th. They issued a "hold" rating and a $152.00 price target on the stock. Finally, Needham & Company LLC boosted their price objective on Plexus from $162.00 to $172.00 and gave the stock a "buy" rating in a research note on Friday, January 24th. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $163.00.

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Plexus Trading Down 2.1 %

Shares of PLXS stock traded down $2.63 on Thursday, reaching $120.51. 172,633 shares of the stock were exchanged, compared to its average volume of 148,166. The stock has a market cap of $3.26 billion, a PE ratio of 27.96 and a beta of 0.90. Plexus Corp. has a one year low of $90.18 and a one year high of $172.89. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.53 and a quick ratio of 0.70. The stock has a 50 day moving average price of $144.89 and a 200 day moving average price of $145.61.

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

Insider Transactions at Plexus

In related news, CEO Todd P. Kelsey sold 4,337 shares of the company's stock in a transaction dated Wednesday, February 5th. The stock was sold at an average price of $142.23, for a total value of $616,851.51. Following the completion of the sale, the chief executive officer now owns 80,595 shares in the company, valued at approximately $11,463,026.85. This represents a 5.11 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Michael J. Running sold 1,250 shares of the company's stock in a transaction dated Friday, February 21st. The shares were sold at an average price of $138.62, for a total value of $173,275.00. Following the completion of the sale, the insider now owns 1,276 shares of the company's stock, valued at $176,879.12. This represents a 49.49 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 19,458 shares of company stock worth $2,786,515 over the last 90 days. 1.76% of the stock is owned by insiders.

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.