Disciplined Growth Investors Inc. MN Increases Stake in Plexus Corp. (NASDAQ:PLXS)

Disciplined Growth Investors Inc. MN lifted its holdings in Plexus Corp. (NASDAQ:PLXS - Free Report) by 2.8% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 2,168,512 shares of the technology company's stock after purchasing an additional 59,465 shares during the quarter. Plexus comprises 5.6% of Disciplined Growth Investors Inc. MN's holdings, making the stock its 2nd biggest position. Disciplined Growth Investors Inc. MN owned approximately 7.96% of Plexus worth $296,457,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of the stock. Quarry LP increased its position in shares of Plexus by 573.5% during the third quarter. Quarry LP now owns 229 shares of the technology company's stock worth $31,000 after acquiring an additional 195 shares in the last quarter. Quest Partners LLC raised its stake in shares of Plexus by 36,700.0% in the 2nd 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 bought a new stake in shares of Plexus in the second quarter valued at about $51,000. Point72 DIFC Ltd acquired a new position in shares of Plexus during the third quarter worth about $51,000. Finally, Point72 Asia Singapore Pte. Ltd. acquired a new stake in Plexus in the 3rd quarter valued at approximately $55,000. 94.45% of the stock is currently owned by institutional investors and hedge funds.

Plexus Price Performance

Shares of PLXS remained flat at $167.94 during trading hours on Tuesday. 94,249 shares of the stock traded hands, compared to its average volume of 135,235. The stock has a 50 day moving average price of $150.32 and a two-hundred day moving average price of $128.61. The company has a debt-to-equity ratio of 0.07, a quick ratio of 0.71 and a current ratio of 1.51. The stock has a market capitalization of $4.55 billion, a price-to-earnings ratio of 42.15 and a beta of 0.90. Plexus Corp. has a 52 week low of $90.18 and a 52 week high of $170.07.

Plexus (NASDAQ:PLXS - Get Free Report) last posted its earnings results on Wednesday, October 23rd. The technology company reported $1.85 EPS for the quarter, beating the consensus estimate of $1.55 by $0.30. Plexus had a return on equity of 9.51% and a net margin of 2.82%. The company had revenue of $1.05 billion for the quarter, compared to the consensus estimate of $1.01 billion. During the same quarter in the prior year, the business earned $1.44 earnings per share. The firm's revenue for the quarter was up 2.6% on a year-over-year basis. On average, equities analysts expect that Plexus Corp. will post 6.14 EPS for the current fiscal year.

Insider Buying and Selling at Plexus

In other news, insider Michael J. Running sold 539 shares of the business's stock in a transaction that occurred 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 completion of the transaction, the insider now directly 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 filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, COO Oliver K. Mihm sold 5,691 shares of the company's stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $167.06, for a total transaction of $950,738.46. Following the sale, the chief operating officer now directly owns 19,585 shares of the company's stock, valued at approximately $3,271,870.10. This trade represents a 22.52 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 32,591 shares of company stock valued at $5,143,375 in the last quarter. Company insiders own 2.39% of the company's stock.

Analyst Ratings Changes

Several brokerages have recently weighed in on PLXS. Stifel Nicolaus raised their price target on shares of Plexus from $136.00 to $150.00 and gave the stock a "hold" rating in a research note on Tuesday. StockNews.com raised Plexus from a "hold" rating to a "buy" rating in a research report on Monday, November 18th. Needham & Company LLC boosted their price target on Plexus from $144.00 to $162.00 and gave the stock a "buy" rating in a research report on Friday, October 25th. Benchmark increased their price objective on Plexus from $150.00 to $165.00 and gave the company a "buy" rating in a report on Monday, October 28th. Finally, KeyCorp assumed coverage on shares of Plexus in a research report on Tuesday, October 22nd. They set 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. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $147.25.

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.