State of New Jersey Common Pension Fund D Has $2.08 Million Position in Plexus Corp. (NASDAQ:PLXS)

State of New Jersey Common Pension Fund D lessened its holdings in shares of Plexus Corp. (NASDAQ:PLXS - Free Report) by 14.8% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 13,300 shares of the technology company's stock after selling 2,311 shares during the period. State of New Jersey Common Pension Fund D's holdings in Plexus were worth $2,081,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of PLXS. Quarry LP lifted its position in shares of Plexus by 573.5% during the 3rd quarter. Quarry LP now owns 229 shares of the technology company's stock valued at $31,000 after buying an additional 195 shares in the last quarter. R Squared Ltd purchased a new stake in shares of Plexus in the fourth quarter worth approximately $45,000. Point72 DIFC Ltd bought a new position in Plexus in the third quarter worth approximately $51,000. Point72 Asia Singapore Pte. Ltd. bought a new stake in Plexus during the 3rd quarter valued at $55,000. Finally, USA Financial Formulas purchased a new position in shares of Plexus in the 4th quarter worth approximately $56,000. Institutional investors own 94.45% of the company's stock.

Insider Activity

In related news, insider Frank Zycinski sold 1,200 shares of the firm's stock in a transaction on Monday, February 10th. The stock was 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 in the company, valued at $101,827.32. This trade represents a 62.40 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Randy J. Martinez sold 887 shares of the business's stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $140.52, for a total transaction of $124,641.24. Following the transaction, the director now directly owns 4,831 shares of the company's stock, valued at approximately $678,852.12. This trade represents a 15.51 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 19,458 shares of company stock valued at $2,786,515 in the last three months. Corporate insiders own 1.76% of the company's stock.

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Plexus Stock Performance

NASDAQ PLXS traded up $0.73 during trading hours on Wednesday, hitting $135.04. 39,511 shares of the stock were exchanged, compared to its average volume of 174,713. The stock has a 50-day moving average of $151.94 and a 200 day moving average of $145.48. The company has a market cap of $3.65 billion, a price-to-earnings ratio of 31.42 and a beta of 0.89. The company has a quick ratio of 0.70, a current ratio of 1.53 and a debt-to-equity ratio of 0.07. Plexus Corp. has a 12-month low of $90.18 and a 12-month high of $172.89.

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

Analyst Ratings Changes

Several equities analysts recently weighed in on the stock. Needham & Company LLC increased their price target on shares of Plexus from $162.00 to $172.00 and gave the stock a "buy" rating in a report on Friday, January 24th. Stifel Nicolaus started coverage on Plexus in a research note on Tuesday, February 4th. They issued a "hold" rating and a $152.00 price target on the stock. StockNews.com raised Plexus from a "hold" rating to a "buy" rating in a research note on Monday, November 18th. Finally, Benchmark reissued a "buy" rating and issued a $165.00 target price on shares of Plexus in a report on Wednesday, January 22nd. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target 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.