Bosun Asset Management LLC purchased a new stake in Plexus Corp. (NASDAQ:PLXS - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 3,149 shares of the technology company's stock, valued at approximately $493,000.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Pacer Advisors Inc. purchased a new position in Plexus in the 4th quarter valued at $107,489,000. American Century Companies Inc. lifted its stake in Plexus by 72.2% in the 4th quarter. American Century Companies Inc. now owns 544,017 shares of the technology company's stock worth $85,128,000 after purchasing an additional 228,027 shares in the last quarter. Northern Trust Corp boosted its stake in Plexus by 10.0% during the fourth quarter. Northern Trust Corp now owns 332,100 shares of the technology company's stock worth $51,967,000 after buying an additional 30,163 shares during the last quarter. JPMorgan Chase & Co. grew its holdings in Plexus by 146.9% in the 4th quarter. JPMorgan Chase & Co. now owns 258,824 shares of the technology company's stock valued at $40,501,000 after buying an additional 154,003 shares in the last quarter. Finally, Fuller & Thaler Asset Management Inc. acquired a new stake in shares of Plexus in the 4th quarter worth $24,747,000. Hedge funds and other institutional investors own 94.45% of the company's stock.
Analyst Upgrades and Downgrades
PLXS has been the topic of several recent research reports. Benchmark lowered their price target on shares of Plexus from $170.00 to $160.00 and set a "buy" rating on the stock in a research report on Friday, April 25th. Needham & Company LLC reiterated a "buy" rating and issued a $162.00 target price (down from $172.00) on shares of Plexus in a report on Friday, April 25th. Finally, Stifel Nicolaus set a $145.00 price target on shares of Plexus in a report on Thursday, April 24th. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $155.67.
Read Our Latest Report on Plexus
Plexus Trading Down 0.3 %
PLXS traded down $0.40 on Friday, hitting $126.14. The company had a trading volume of 122,948 shares, compared to its average volume of 166,905. The company's fifty day moving average price is $124.03 and its 200 day moving average price is $143.37. Plexus Corp. has a 1 year low of $100.96 and a 1 year high of $172.89. The company has a current ratio of 1.53, a quick ratio of 0.70 and a debt-to-equity ratio of 0.07. The firm has a market cap of $3.41 billion, a P/E ratio of 29.27 and a beta of 0.80.
Plexus (NASDAQ:PLXS - Get Free Report) last issued its quarterly earnings data on Wednesday, April 23rd. The technology company reported $1.66 EPS for the quarter, topping the consensus estimate of $1.54 by $0.12. Plexus had a net margin of 3.03% and a return on equity of 10.36%. The firm had revenue of $980.17 million for the quarter, compared to analyst estimates of $980.07 million. During the same period in the prior year, the business posted $0.94 EPS. The business's revenue for the quarter was up 1.4% compared to the same quarter last year. As a group, equities analysts expect that Plexus Corp. will post 5.9 earnings per share for the current year.
Insider Activity
In other news, Director Randy J. Martinez sold 887 shares of Plexus stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $140.52, for a total value of $124,641.24. Following the completion of the transaction, the director now owns 4,831 shares in the company, valued at approximately $678,852.12. This trade represents a 15.51 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Frank Zycinski sold 1,200 shares of the business's stock in a transaction dated Monday, February 10th. The stock was sold at an average price of $140.84, for a total value of $169,008.00. Following the transaction, the insider now directly owns 723 shares of the company's stock, valued at approximately $101,827.32. This represents a 62.40 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 5,337 shares of company stock worth $746,924. Corporate insiders own 1.76% of the company's stock.
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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