Plexus Corp. (NASDAQ:PLXS) Shares Bought by JPMorgan Chase & Co.

JPMorgan Chase & Co. grew its stake in shares of Plexus Corp. (NASDAQ:PLXS - Free Report) by 146.9% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 258,824 shares of the technology company's stock after buying an additional 154,003 shares during the period. JPMorgan Chase & Co. owned 0.96% of Plexus worth $40,501,000 at the end of the most recent reporting period.

A number of other institutional investors also recently made changes to their positions in PLXS. TD Private Client Wealth LLC purchased a new position in shares of Plexus during the fourth quarter valued at approximately $28,000. Quarry LP lifted its stake in shares of Plexus by 573.5% during the 3rd quarter. Quarry LP now owns 229 shares of the technology company's stock worth $31,000 after purchasing an additional 195 shares during the period. R Squared Ltd acquired a new stake in shares of Plexus during the fourth quarter worth $45,000. USA Financial Formulas purchased a new stake in shares of Plexus in the fourth quarter valued at $56,000. Finally, Point72 DIFC Ltd acquired a new position in Plexus in the third quarter valued at $51,000. 94.45% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, insider Frank Zycinski sold 1,200 shares of the business's stock in a transaction on Monday, February 10th. The shares were sold at an average price of $140.84, for a total transaction of $169,008.00. Following 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 transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CAO Angelo Michael Ninivaggi, Jr. sold 3,423 shares of the firm's stock in a transaction on Thursday, January 30th. The shares were sold at an average price of $145.14, for a total transaction of $496,814.22. Following the sale, the chief accounting officer now directly owns 29,501 shares of the company's stock, valued at approximately $4,281,775.14. The trade was a 10.40 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 17,958 shares of company stock valued at $2,551,930. Company insiders own 1.76% of the company's stock.

Analyst Ratings Changes

A number of analysts have issued reports on the company. Needham & Company LLC raised their price target on Plexus from $162.00 to $172.00 and gave the stock a "buy" rating in a research note on Friday, January 24th. Benchmark reissued a "buy" rating and issued a $165.00 target price on shares of Plexus in a research report on Wednesday, January 22nd. Finally, Stifel Nicolaus initiated coverage on shares of Plexus in a report on Tuesday, February 4th. They issued a "hold" rating and a $152.00 target price for the company. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $163.00.

Plexus Trading Up 0.2 %

Shares of Plexus stock traded up $0.21 during trading hours on Friday, reaching $119.39. The stock had a trading volume of 172,301 shares, compared to its average volume of 163,505. The company has a current ratio of 1.53, a quick ratio of 0.70 and a debt-to-equity ratio of 0.07. Plexus Corp. has a 1 year low of $92.72 and a 1 year high of $172.89. The firm has a market capitalization of $3.23 billion, a price-to-earnings ratio of 27.70 and a beta of 0.83. The firm has a 50 day simple moving average of $129.13 and a two-hundred day simple moving average of $145.03.

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