Connor Clark & Lunn Investment Management Ltd. acquired a new position in Plexus Corp. (NASDAQ:PLXS - Free Report) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm acquired 8,821 shares of the technology company's stock, valued at approximately $1,380,000.
Several other large investors also recently bought and sold shares of PLXS. Quarry LP boosted its position in Plexus by 573.5% in the third quarter. Quarry LP now owns 229 shares of the technology company's stock worth $31,000 after purchasing an additional 195 shares during the last quarter. R Squared Ltd purchased a new position in Plexus in the fourth quarter worth about $45,000. Point72 DIFC Ltd purchased a new position in Plexus in the third quarter worth about $51,000. Point72 Asia Singapore Pte. Ltd. purchased a new position in Plexus in the third quarter worth about $55,000. Finally, USA Financial Formulas purchased a new position in shares of Plexus during the 4th quarter valued at about $56,000. 94.45% of the stock is currently owned by institutional investors.
Insider Activity at Plexus
In other Plexus news, insider Michael J. Running sold 1,250 shares of the company's stock in a transaction on Friday, February 21st. The stock was 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 directly owns 1,276 shares in the company, valued at approximately $176,879.12. This represents a 49.49 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through 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 value of $169,008.00. Following the completion of the sale, the insider now owns 723 shares of the company's stock, valued at $101,827.32. This represents a 62.40 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 19,458 shares of company stock worth $2,786,515 in the last quarter. 1.76% of the stock is owned by company insiders.
Analysts Set New Price Targets
A number of research firms have recently weighed in on PLXS. Stifel Nicolaus began coverage on Plexus in a research 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 research report on Wednesday, January 22nd. Finally, Needham & Company LLC lifted their price objective on Plexus from $162.00 to $172.00 and gave the company a "buy" rating in a research report on Friday, January 24th. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $163.00.
Check Out Our Latest Analysis on PLXS
Plexus Trading Down 0.7 %
Shares of NASDAQ PLXS traded down $0.88 during trading hours on Friday, hitting $128.21. 743,463 shares of the company traded hands, compared to its average volume of 151,419. The stock has a market capitalization of $3.47 billion, a price-to-earnings ratio of 29.75 and a beta of 0.90. The company has a current ratio of 1.53, a quick ratio of 0.70 and a debt-to-equity ratio of 0.07. The company's 50 day moving average price is $140.08 and its 200 day moving average price is $145.55. Plexus Corp. has a 12 month low of $90.87 and a 12 month high of $172.89.
Plexus (NASDAQ:PLXS - Get Free Report) last posted its quarterly earnings data on Wednesday, January 22nd. The technology company reported $1.49 earnings per share (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, equities research analysts anticipate that Plexus Corp. will post 5.9 earnings per share for the current fiscal year.
Plexus Profile
(
Free Report)
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.
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