Trexquant Investment LP Purchases 33,153 Shares of Plexus Corp. (NASDAQ:PLXS)

Trexquant Investment LP raised its position in Plexus Corp. (NASDAQ:PLXS - Free Report) by 76.2% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 76,654 shares of the technology company's stock after buying an additional 33,153 shares during the period. Trexquant Investment LP owned 0.28% of Plexus worth $11,995,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently modified their holdings of the company. Pacer Advisors Inc. purchased a new stake in shares of Plexus during the fourth quarter valued at approximately $107,489,000. American Century Companies Inc. raised its stake in shares of Plexus by 72.2% during the 4th quarter. American Century Companies Inc. now owns 544,017 shares of the technology company's stock worth $85,128,000 after purchasing an additional 228,027 shares during the period. JPMorgan Chase & Co. raised its stake in shares of Plexus by 146.9% during the 4th quarter. JPMorgan Chase & Co. now owns 258,824 shares of the technology company's stock worth $40,501,000 after purchasing an additional 154,003 shares during the period. Arrowstreet Capital Limited Partnership boosted its holdings in shares of Plexus by 1,875.1% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 137,466 shares of the technology company's stock worth $21,511,000 after buying an additional 130,506 shares during the last quarter. Finally, Raymond James Financial Inc. bought a new position in Plexus during the fourth quarter valued at about $15,892,000. Institutional investors own 94.45% of the company's stock.

Analysts Set New Price Targets

Several brokerages have commented on PLXS. Stifel Nicolaus began coverage on shares of Plexus in a research report on Tuesday, February 4th. They issued a "hold" rating and a $152.00 price objective on the stock. Benchmark reissued a "buy" rating and set a $165.00 price objective on shares of Plexus in a report on Wednesday, January 22nd. Finally, Needham & Company LLC raised their target price on Plexus from $162.00 to $172.00 and gave the stock a "buy" rating in a research report on Friday, January 24th. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, Plexus presently has an average rating of "Moderate Buy" and an average price target of $163.00.

Insider Buying and Selling at Plexus

In other news, insider Frank Zycinski sold 1,200 shares of Plexus stock in a transaction dated Monday, February 10th. The stock was sold at an average price of $140.84, for a total value of $169,008.00. Following the transaction, the insider now owns 723 shares in the company, 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 filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO Angelo Michael Ninivaggi, Jr. sold 3,423 shares of the 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 sale, the chief accounting officer now owns 29,501 shares of the company's stock, valued at $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 sold 17,958 shares of company stock valued at $2,551,930 in the last quarter. 1.76% of the stock is currently owned by corporate insiders.

Plexus Stock Performance

Shares of PLXS stock traded down $1.31 during trading on Monday, reaching $110.93. 113,385 shares of the company's stock traded hands, compared to its average volume of 160,044. The firm's 50-day moving average is $132.60 and its 200 day moving average is $145.91. The company has a market capitalization of $3.00 billion, a P/E ratio of 25.72 and a beta of 0.83. Plexus Corp. has a 1 year low of $92.72 and a 1 year high of $172.89. 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 (NASDAQ:PLXS - Get Free Report) last posted its earnings results on Wednesday, January 22nd. The technology company reported $1.49 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.59 by ($0.10). Plexus had a return on equity of 10.36% and a net margin of 3.03%. Equities research analysts expect that Plexus Corp. will post 5.9 EPS 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.