Dynamic Technology Lab Private Ltd Buys New Holdings in Plexus Corp. (NASDAQ:PLXS)

Dynamic Technology Lab Private Ltd acquired a new stake in shares of Plexus Corp. (NASDAQ:PLXS - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 11,368 shares of the technology company's stock, valued at approximately $1,779,000.

Other large investors have also bought and sold shares of the company. Pacer Advisors Inc. bought a new position in shares of Plexus in the fourth quarter valued at approximately $107,489,000. Stifel Financial Corp bought a new stake in shares of Plexus in the 3rd quarter worth approximately $332,000. Barclays PLC boosted its stake in shares of Plexus by 139.4% in the 3rd 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 in the last quarter. Verition Fund Management LLC bought a new position in shares of Plexus during the 3rd quarter valued at $683,000. Finally, FMR LLC raised its position in Plexus by 614.2% in the 3rd quarter. FMR LLC now owns 13,941 shares of the technology company's stock worth $1,906,000 after purchasing an additional 11,989 shares during the period. 94.45% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on PLXS shares. Benchmark reaffirmed a "buy" rating and set a $165.00 price objective on shares of Plexus in a research note on Wednesday, January 22nd. Stifel Nicolaus began coverage on Plexus in a research report on Tuesday, February 4th. They set 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 company a "buy" rating in a research report on Friday, January 24th. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $163.00.

Plexus Trading Down 4.0 %

NASDAQ:PLXS traded down $4.94 during mid-day trading on Thursday, reaching $119.52. 84,119 shares of the company's stock traded hands, compared to its average volume of 162,439. The company has a 50 day moving average price of $129.94 and a 200-day moving average price of $145.20. The firm has a market capitalization of $3.23 billion, a price-to-earnings ratio of 27.71 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 Corp. has a 12-month low of $92.72 and a 12-month high of $172.89.

Plexus (NASDAQ:PLXS - Get Free Report) last announced its quarterly earnings results 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 return on equity of 10.36% and a net margin of 3.03%. On average, sell-side analysts predict that Plexus Corp. will post 5.9 earnings per share for the current year.

Insider Activity at Plexus

In related news, CFO Patrick John Jermain sold 3,361 shares of Plexus stock in a transaction dated Monday, January 27th. The shares were sold at an average price of $144.57, for a total transaction of $485,899.77. Following the completion of the transaction, the chief financial officer now directly owns 20,745 shares of the company's stock, valued at $2,999,104.65. This trade represents a 13.94 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CAO Angelo Michael Ninivaggi, Jr. sold 3,423 shares of the business's stock in a transaction that occurred on Thursday, January 30th. The stock was sold at an average price of $145.14, for a total value of $496,814.22. Following the completion of the sale, the chief accounting officer now directly owns 29,501 shares in the company, valued at approximately $4,281,775.14. This represents a 10.40 % 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 over the last 90 days. 1.76% of the stock is owned by company 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.