Proficio Capital Partners LLC purchased a new stake in shares of Plexus Corp. (NASDAQ:PLXS - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 14,553 shares of the technology company's stock, valued at approximately $2,277,000. Proficio Capital Partners LLC owned 0.05% of Plexus at the end of the most recent quarter.
Other large investors have also recently bought and sold shares of the company. Olympiad Research LP purchased a new position in Plexus in the fourth quarter valued at about $322,000. Handelsbanken Fonder AB grew its stake in Plexus by 11.2% in the fourth quarter. Handelsbanken Fonder AB now owns 6,937 shares of the technology company's stock valued at $1,086,000 after purchasing an additional 700 shares in the last quarter. Principal Financial Group Inc. grew its stake in Plexus by 3.3% in the fourth quarter. Principal Financial Group Inc. now owns 138,367 shares of the technology company's stock valued at $21,652,000 after purchasing an additional 4,445 shares in the last quarter. Congress Asset Management Co. grew its stake in Plexus by 1.8% in the fourth quarter. Congress Asset Management Co. now owns 16,230 shares of the technology company's stock valued at $2,540,000 after purchasing an additional 281 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC purchased a new position in Plexus in the fourth quarter valued at about $783,000. 94.45% of the stock is owned by institutional investors and hedge funds.
Plexus Stock Up 0.3 %
Shares of PLXS traded up $0.43 during trading hours on Friday, hitting $124.76. 129,668 shares of the company were exchanged, compared to its average volume of 147,045. The company has a market cap of $3.37 billion, a PE ratio of 28.95 and a beta of 0.90. The firm's 50 day moving average is $146.94 and its 200-day moving average is $145.69. Plexus Corp. has a 52 week low of $90.18 and a 52 week high of $172.89. The company has a debt-to-equity ratio of 0.07, a quick ratio of 0.70 and a current ratio of 1.53.
Plexus (NASDAQ:PLXS - Get Free Report) last released its quarterly 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%. On average, equities research analysts forecast that Plexus Corp. will post 5.9 EPS for the current fiscal year.
Wall Street Analyst Weigh In
A number of research analysts have commented on PLXS shares. StockNews.com upgraded Plexus from a "hold" rating to a "buy" rating in a research note on Monday, November 18th. Benchmark restated a "buy" rating and issued a $165.00 target price on shares of Plexus in a research note on Wednesday, January 22nd. Needham & Company LLC boosted their target price on Plexus from $162.00 to $172.00 and gave the company a "buy" rating in a research note on Friday, January 24th. Finally, Stifel Nicolaus initiated coverage on Plexus in a research note on Tuesday, February 4th. They set 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 MarketBeat, Plexus presently has a consensus rating of "Moderate Buy" and an average target price of $163.00.
Read Our Latest Analysis on PLXS
Insider Activity at Plexus
In other Plexus news, CAO Angelo Michael Ninivaggi, Jr. sold 3,423 shares of the company's stock in a transaction that occurred on Thursday, January 30th. The stock was 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 $4,281,775.14. This represents a 10.40 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Todd P. Kelsey sold 1,500 shares of the company's stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $156.39, for a total value of $234,585.00. Following the completion of the transaction, the chief executive officer now directly owns 74,271 shares of the company's stock, valued at approximately $11,615,241.69. This trade represents a 1.98 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 19,458 shares of company stock worth $2,786,515 in the last 90 days. 1.76% of the stock is owned by company insiders.
About Plexus
(
Free Report)
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.
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