Kennedy Capital Management LLC Sells 8,733 Shares of Plexus Corp. (NASDAQ:PLXS)

Kennedy Capital Management LLC decreased its holdings in Plexus Corp. (NASDAQ:PLXS - Free Report) by 14.1% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 53,399 shares of the technology company's stock after selling 8,733 shares during the period. Kennedy Capital Management LLC owned approximately 0.20% of Plexus worth $8,356,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. TD Private Client Wealth LLC acquired a new position in Plexus during the 4th quarter worth about $28,000. Quarry LP raised its holdings in shares of Plexus by 573.5% in the third quarter. Quarry LP now owns 229 shares of the technology company's stock valued at $31,000 after buying an additional 195 shares during the last quarter. R Squared Ltd acquired a new position in shares of Plexus in the fourth quarter valued at approximately $45,000. Nomura Asset Management Co. Ltd. raised its holdings in Plexus by 45.5% during the fourth quarter. Nomura Asset Management Co. Ltd. now owns 320 shares of the technology company's stock worth $50,000 after purchasing an additional 100 shares in the last quarter. Finally, USA Financial Formulas purchased a new stake in shares of Plexus in the fourth quarter valued at approximately $56,000. 94.45% of the stock is currently owned by institutional investors and hedge funds.

Plexus Stock Down 1.0 %

Shares of PLXS stock traded down $1.24 on Wednesday, hitting $120.94. The company's stock had a trading volume of 30,858 shares, compared to its average volume of 163,900. The firm's fifty day moving average price is $128.31 and its 200-day moving average price is $144.82. Plexus Corp. has a fifty-two week low of $92.72 and a fifty-two week 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 stock has a market capitalization of $3.27 billion, a price-to-earnings ratio of 28.06 and a beta of 0.83.

Plexus (NASDAQ:PLXS - Get Free Report) last released its earnings results on Wednesday, January 22nd. The technology company reported $1.49 earnings per share 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%. Research analysts anticipate that Plexus Corp. will post 5.9 EPS for the current year.

Insider Buying and Selling at Plexus

In other Plexus news, CAO Angelo Michael Ninivaggi, Jr. sold 3,423 shares of the stock in a transaction dated Thursday, January 30th. The stock was sold at an average price of $145.14, for a total transaction of $496,814.22. Following the completion of the transaction, the chief accounting officer now owns 29,501 shares in the company, valued at approximately $4,281,775.14. This represents a 10.40 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Patrick John Jermain sold 3,361 shares of the stock in a transaction on Monday, January 27th. The stock was sold at an average price of $144.57, for a total transaction of $485,899.77. Following the transaction, the chief financial officer now owns 20,745 shares of the company's stock, valued at $2,999,104.65. The trade was a 13.94 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 17,958 shares of company stock worth $2,551,930. 1.76% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several research analysts have recently issued reports on PLXS shares. Needham & Company LLC lifted 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 reiterated a "buy" rating and issued a $165.00 price objective on shares of Plexus in a report on Wednesday, January 22nd. Finally, Stifel Nicolaus started coverage on Plexus in a report on Tuesday, February 4th. They issued a "hold" rating and a $152.00 price target for the company. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $163.00.

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.