D. E. Shaw & Co. Inc. Has $20.17 Million Stock Holdings in Plexus Corp. (NASDAQ:PLXS)

D. E. Shaw & Co. Inc. lifted its position in shares of Plexus Corp. (NASDAQ:PLXS - Free Report) by 16.2% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 128,874 shares of the technology company's stock after buying an additional 17,996 shares during the quarter. D. E. Shaw & Co. Inc. owned about 0.48% of Plexus worth $20,166,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Pacer Advisors Inc. bought a new position in Plexus during the fourth quarter worth about $107,489,000. Barclays PLC raised its position in shares of Plexus by 139.4% in the third quarter. Barclays PLC now owns 48,786 shares of the technology company's stock valued at $6,669,000 after buying an additional 28,406 shares in the last quarter. KBC Group NV boosted its stake in shares of Plexus by 59.9% in the fourth quarter. KBC Group NV now owns 1,180 shares of the technology company's stock valued at $185,000 after buying an additional 442 shares during the period. Allspring Global Investments Holdings LLC acquired a new stake in Plexus during the fourth quarter worth approximately $783,000. Finally, Wealth Enhancement Advisory Services LLC raised its stake in Plexus by 17.2% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 1,779 shares of the technology company's stock valued at $278,000 after purchasing an additional 261 shares in the last quarter. Institutional investors own 94.45% of the company's stock.

Wall Street Analyst Weigh In

PLXS has been the topic of several analyst reports. Benchmark reduced 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. Stifel Nicolaus set a $145.00 target price on Plexus in a report on Thursday, April 24th. Finally, Needham & Company LLC reaffirmed a "buy" rating and issued a $162.00 price objective (down from $172.00) on shares of Plexus in a research note on Friday, April 25th. Two investment 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, Plexus currently has an average rating of "Moderate Buy" and a consensus price target of $155.67.

Plexus Trading Down 0.3%

Shares of PLXS stock opened at $126.14 on Monday. Plexus Corp. has a twelve month low of $100.96 and a twelve month high of $172.89. The stock's fifty day simple moving average is $124.03 and its 200 day simple moving average is $143.41. The company has a quick ratio of 0.70, a current ratio of 1.53 and a debt-to-equity ratio of 0.07. The firm has a market capitalization of $3.41 billion, a P/E ratio of 29.27 and a beta of 0.80.

Plexus (NASDAQ:PLXS - Get Free Report) last announced its quarterly earnings results on Wednesday, April 23rd. The technology company reported $1.66 EPS for the quarter, beating analysts' consensus estimates of $1.54 by $0.12. The firm had revenue of $980.17 million for the quarter, compared to analyst estimates of $980.07 million. Plexus had a return on equity of 10.36% and a net margin of 3.03%. The business's revenue for the quarter was up 1.4% on a year-over-year basis. During the same period last year, the firm posted $0.94 earnings per share. As a group, sell-side analysts predict that Plexus Corp. will post 5.9 EPS for the current fiscal year.

Insider Activity

In other Plexus news, Director Randy J. Martinez sold 887 shares of the company's 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 sale, the director now owns 4,831 shares in the company, valued at approximately $678,852.12. The trade was a 15.51% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Michael J. Running sold 1,250 shares of the firm's stock in a transaction dated Friday, February 21st. The stock was sold at an average price of $138.62, for a total value of $173,275.00. Following the transaction, the insider now owns 1,276 shares of the company's stock, valued at $176,879.12. This trade represents a 49.49% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 4,137 shares of company stock valued at $577,916. Insiders own 1.76% of the company's stock.

Plexus 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.

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