Geode Capital Management LLC Purchases 4,926 Shares of Plexus Corp. (NASDAQ:PLXS)

Geode Capital Management LLC boosted its holdings in shares of Plexus Corp. (NASDAQ:PLXS - Free Report) by 0.8% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 653,759 shares of the technology company's stock after buying an additional 4,926 shares during the quarter. Geode Capital Management LLC owned about 2.40% of Plexus worth $89,392,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the stock. Quarry LP increased its holdings in shares of Plexus by 573.5% during the 3rd quarter. Quarry LP now owns 229 shares of the technology company's stock valued at $31,000 after acquiring an additional 195 shares during the last quarter. Quest Partners LLC raised its position in shares of Plexus by 36,700.0% in the second quarter. Quest Partners LLC now owns 368 shares of the technology company's stock valued at $38,000 after purchasing an additional 367 shares during the period. Innealta Capital LLC acquired a new stake in shares of Plexus in the second quarter worth $51,000. Point72 DIFC Ltd acquired a new stake in shares of Plexus in the third quarter worth $51,000. Finally, Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of Plexus during the 3rd quarter worth $55,000. 94.45% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts have weighed in on PLXS shares. Needham & Company LLC boosted their target price on shares of Plexus from $144.00 to $162.00 and gave the stock a "buy" rating in a research report on Friday, October 25th. Stifel Nicolaus lifted their price objective on Plexus from $136.00 to $150.00 and gave the stock a "hold" rating in a research note on Tuesday, December 10th. StockNews.com upgraded Plexus from a "hold" rating to a "buy" rating in a research note on Monday, November 18th. Benchmark raised their target price on Plexus from $150.00 to $165.00 and gave the company a "buy" rating in a report on Monday, October 28th. Finally, KeyCorp initiated coverage on shares of Plexus in a research note on Tuesday, October 22nd. They issued a "sector weight" rating on the stock. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $147.25.

Insider Transactions at Plexus

In other news, insider Michael J. Running sold 539 shares of the business's stock in a transaction on 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 position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Victor (Pang Hau) Tan sold 3,000 shares of the stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $165.90, for a total transaction of $497,700.00. Following the sale, the insider now owns 5,605 shares of the company's stock, valued at $929,869.50. This trade represents a 34.86 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 32,591 shares of company stock valued at $5,143,375. Company insiders own 2.39% of the company's stock.

Plexus Stock Performance

Plexus stock traded down $0.68 during trading hours on Friday, hitting $159.07. The stock had a trading volume of 1,281,163 shares, compared to its average volume of 142,877. Plexus Corp. has a fifty-two week low of $90.18 and a fifty-two week high of $170.07. The company has a market cap of $4.31 billion, a PE ratio of 39.67 and a beta of 0.90. The company has a 50-day moving average of $155.52 and a two-hundred day moving average of $131.66. The company has a quick ratio of 0.71, a current ratio of 1.51 and a debt-to-equity ratio of 0.07.

Plexus (NASDAQ:PLXS - Get Free Report) last issued its earnings results on Wednesday, October 23rd. The technology company reported $1.85 EPS for the quarter, beating analysts' consensus estimates of $1.55 by $0.30. Plexus had a return on equity of 9.51% and a net margin of 2.82%. The business 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 company posted $1.44 earnings per share. Plexus's revenue was up 2.6% on a year-over-year basis. On average, equities research analysts anticipate that Plexus Corp. will post 6.14 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.