4,606 Shares in Plexus Corp. (NASDAQ:PLXS) Acquired by Magnetar Financial LLC

Magnetar Financial LLC acquired a new stake in shares of Plexus Corp. (NASDAQ:PLXS - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 4,606 shares of the technology company's stock, valued at approximately $721,000.

Other hedge funds also recently added to or reduced their stakes in the company. Pacer Advisors Inc. purchased a new stake in shares of Plexus during the fourth quarter worth approximately $107,489,000. Stifel Financial Corp acquired a new position in Plexus in the 3rd quarter valued at $332,000. Barclays PLC raised its position in Plexus by 139.4% during the 3rd quarter. Barclays PLC now owns 48,786 shares of the technology company's stock worth $6,669,000 after buying an additional 28,406 shares during the last quarter. Verition Fund Management LLC acquired a new stake in shares of Plexus in the 3rd quarter worth $683,000. Finally, FMR LLC boosted its holdings in shares of Plexus by 614.2% in the third quarter. FMR LLC now owns 13,941 shares of the technology company's stock valued at $1,906,000 after acquiring an additional 11,989 shares in the last quarter. 94.45% of the stock is owned by institutional investors and hedge funds.

Plexus Price Performance

Plexus stock traded down $1.88 during mid-day trading on Wednesday, reaching $130.24. The company had a trading volume of 127,825 shares, compared to its average volume of 152,036. The stock's 50-day simple moving average is $138.83 and its 200-day simple moving average is $145.87. Plexus Corp. has a 1 year low of $90.87 and a 1 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 company has a market capitalization of $3.52 billion, a P/E ratio of 30.22 and a beta of 0.90.

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

Wall Street Analysts Forecast Growth

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

Insider Transactions at Plexus

In related news, CAO Angelo Michael Ninivaggi, Jr. sold 3,423 shares of the business's stock in a transaction dated Thursday, January 30th. The shares were sold at an average price of $145.14, for a total value of $496,814.22. Following the completion of the transaction, the chief accounting officer now 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 position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Todd P. Kelsey sold 4,337 shares of the company's stock in a transaction that occurred on Wednesday, February 5th. The shares were sold at an average price of $142.23, for a total transaction of $616,851.51. Following the transaction, the chief executive officer now directly owns 80,595 shares in the company, valued at $11,463,026.85. The trade was a 5.11 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 19,458 shares of company stock valued at $2,786,515 in the last ninety days. Corporate insiders own 1.76% of the company's stock.

About Plexus

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.