Thrivent Financial for Lutherans reduced its position in shares of Plexus Corp. (NASDAQ:PLXS - Free Report) by 34.5% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 309,138 shares of the technology company's stock after selling 162,795 shares during the quarter. Thrivent Financial for Lutherans owned about 1.14% of Plexus worth $48,374,000 as of its most recent SEC filing.
Several other hedge funds also recently modified their holdings of PLXS. Quarry LP grew its holdings in 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 during the period. R Squared Ltd acquired a new position in shares of Plexus in the 4th quarter worth approximately $45,000. Point72 DIFC Ltd bought a new stake in shares of Plexus in the 3rd quarter worth approximately $51,000. Point72 Asia Singapore Pte. Ltd. acquired a new stake in Plexus during the third quarter valued at approximately $55,000. Finally, USA Financial Formulas acquired a new stake in Plexus during the fourth quarter valued at approximately $56,000. 94.45% of the stock is currently owned by institutional investors and hedge funds.
Plexus Trading Up 3.6 %
Shares of NASDAQ:PLXS traded up $4.59 during mid-day trading on Monday, hitting $132.80. The stock had a trading volume of 199,120 shares, compared to its average volume of 151,633. The company's 50 day moving average is $140.08 and its 200-day moving average is $145.71. Plexus Corp. has a 12-month low of $90.87 and a 12-month 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. The company has a market cap of $3.59 billion, a PE ratio of 30.81 and a beta of 0.90.
Plexus (NASDAQ:PLXS - Get Free Report) last issued its earnings results on Wednesday, January 22nd. The technology company reported $1.49 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, sell-side analysts predict that Plexus Corp. will post 5.9 EPS for the current year.
Insider Buying and Selling at Plexus
In other news, CAO Angelo Michael Ninivaggi, Jr. sold 3,423 shares of the business's stock in a transaction on Thursday, January 30th. The shares were sold at an average price of $145.14, for a total transaction of $496,814.22. Following the transaction, the chief accounting officer now directly owns 29,501 shares in the company, valued at $4,281,775.14. The trade was 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 on Thursday, January 2nd. The stock was sold at an average price of $156.39, for a total transaction of $234,585.00. Following the completion of the transaction, the chief executive officer now directly owns 74,271 shares in the company, valued at $11,615,241.69. This trade represents a 1.98 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 19,458 shares of company stock valued at $2,786,515 in the last 90 days. 1.76% of the stock is currently owned by corporate insiders.
Analyst Ratings Changes
Several research analysts have issued reports on PLXS shares. Benchmark reaffirmed a "buy" rating and issued a $165.00 price target on shares of Plexus in a report on Wednesday, January 22nd. Needham & Company LLC lifted their target price on Plexus from $162.00 to $172.00 and gave the stock a "buy" rating in a report on Friday, January 24th. Finally, Stifel Nicolaus assumed coverage on Plexus in a report on Tuesday, February 4th. They set a "hold" rating and a $152.00 target price for the company. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $163.00.
View Our Latest Stock Analysis on PLXS
Plexus Company Profile
(
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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