Nuveen Asset Management LLC Has $55.01 Million Stock Position in Plexus Corp. (NASDAQ:PLXS)

Nuveen Asset Management LLC raised its position in Plexus Corp. (NASDAQ:PLXS - Free Report) by 6.6% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 351,557 shares of the technology company's stock after acquiring an additional 21,911 shares during the period. Nuveen Asset Management LLC owned about 1.30% of Plexus worth $55,012,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently bought and sold shares of PLXS. Pacer Advisors Inc. bought a new stake in Plexus in the 4th quarter valued at approximately $107,489,000. American Century Companies Inc. raised its stake in shares of Plexus by 72.2% during 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. Fuller & Thaler Asset Management Inc. bought a new stake in shares of Plexus during the 4th quarter worth approximately $24,747,000. JPMorgan Chase & Co. raised its stake in shares of Plexus by 146.9% during the 4th quarter. JPMorgan Chase & Co. now owns 258,824 shares of the technology company's stock worth $40,501,000 after purchasing an additional 154,003 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership raised its stake in shares of Plexus by 1,875.1% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 137,466 shares of the technology company's stock worth $21,511,000 after purchasing an additional 130,506 shares in the last quarter. Institutional investors own 94.45% of the company's stock.

Plexus Stock Performance

Plexus stock traded down $0.89 during mid-day trading on Friday, hitting $129.57. 99,560 shares of the company's stock traded hands, compared to its average volume of 168,352. The firm has a 50 day simple moving average of $125.67 and a two-hundred day simple moving average of $142.31. Plexus Corp. has a fifty-two week low of $100.96 and a fifty-two week high of $172.89. The stock has a market cap of $3.51 billion, a price-to-earnings ratio of 30.06 and a beta of 0.80. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.53 and a quick ratio of 0.70.

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

Analyst Ratings Changes

A number of brokerages have recently issued reports on PLXS. Needham & Company LLC reiterated a "buy" rating and set a $162.00 price objective (down previously from $172.00) on shares of Plexus in a research note on Friday, April 25th. Stifel Nicolaus set a $145.00 price objective on Plexus in a research note on Thursday, April 24th. Finally, Benchmark reiterated a "buy" rating and set a $160.00 price objective on shares of Plexus in a research note on Friday, May 16th. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $155.67.

Insider Buying and Selling at Plexus

In other Plexus news, CFO Patrick John Jermain sold 4,328 shares of the stock in a transaction on Thursday, May 15th. The stock was sold at an average price of $132.29, for a total transaction of $572,551.12. Following the transaction, the chief financial officer now owns 25,637 shares in the company, valued at $3,391,518.73. This trade represents a 14.44% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 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.