SG Americas Securities LLC Purchases Shares of 7,158 Plexus Corp. (NASDAQ:PLXS)

SG Americas Securities LLC acquired a new stake in Plexus Corp. (NASDAQ:PLXS - Free Report) in the first quarter, according to the company in its most recent filing with the SEC. The firm acquired 7,158 shares of the technology company's stock, valued at approximately $917,000.

Several other hedge funds have also added to or reduced their stakes in the business. TD Private Client Wealth LLC acquired a new position in Plexus in the 4th quarter valued at approximately $28,000. Aquatic Capital Management LLC grew its stake in shares of Plexus by 134.0% in the fourth quarter. Aquatic Capital Management LLC now owns 234 shares of the technology company's stock worth $37,000 after purchasing an additional 134 shares during the last quarter. Nomura Asset Management Co. Ltd. grew its stake in shares of Plexus by 45.5% in the fourth quarter. Nomura Asset Management Co. Ltd. now owns 320 shares of the technology company's stock worth $50,000 after purchasing an additional 100 shares during the last quarter. Versant Capital Management Inc increased its holdings in Plexus by 1,000.0% in the first quarter. Versant Capital Management Inc now owns 473 shares of the technology company's stock valued at $61,000 after purchasing an additional 430 shares during the period. Finally, Smartleaf Asset Management LLC increased its holdings in Plexus by 521.6% in the fourth quarter. Smartleaf Asset Management LLC now owns 777 shares of the technology company's stock valued at $122,000 after purchasing an additional 652 shares during the period. 94.45% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research analysts have commented on the company. Needham & Company LLC reaffirmed a "buy" rating and set a $162.00 target price (down from $172.00) on shares of Plexus in a report on Friday, April 25th. Wall Street Zen raised Plexus from a "buy" rating to a "strong-buy" rating in a research note on Saturday, June 14th. Benchmark reiterated a "buy" rating and issued a $160.00 target price on shares of Plexus in a report on Wednesday, June 4th. Finally, Stifel Nicolaus set a $145.00 target price on shares of Plexus in a research report on Thursday, April 24th. Two analysts have rated the stock with a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $155.67.

Insider Activity

In other Plexus news, Director Karen Marie Rapp sold 500 shares of the business's stock in a transaction on Friday, May 30th. The shares were sold at an average price of $130.77, for a total transaction of $65,385.00. Following the completion of the sale, the director now owns 9,365 shares in the company, valued at approximately $1,224,661.05. The trade was a 5.07% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO Patrick John Jermain sold 4,328 shares of the company's 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 approximately $3,391,518.73. The trade was a 14.44% decrease in their position. The disclosure for this sale can be found here. Insiders sold 12,032 shares of company stock worth $1,582,222 in the last quarter. 1.76% of the stock is owned by corporate insiders.

Plexus Trading Up 0.0%

PLXS traded up $0.02 during trading on Thursday, reaching $130.86. 130,918 shares of the stock traded hands, compared to its average volume of 170,045. The company has a quick ratio of 0.71, a current ratio of 1.53 and a debt-to-equity ratio of 0.07. The stock's 50-day moving average is $128.50 and its 200 day moving average is $138.93. Plexus Corp. has a 12 month low of $100.96 and a 12 month high of $172.89. The stock has a market capitalization of $3.54 billion, a PE ratio of 25.46 and a beta of 0.81.

Plexus (NASDAQ:PLXS - Get Free Report) last announced its quarterly earnings data on Wednesday, April 23rd. The technology company reported $1.66 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.54 by $0.12. Plexus had a return on equity of 11.17% and a net margin of 3.60%. The company had revenue of $980.17 million for the quarter, compared to the consensus estimate of $980.07 million. During the same period in the previous year, the business earned $0.94 EPS. The firm's revenue was up 1.4% compared to the same quarter last year. Equities analysts anticipate that Plexus Corp. will post 5.9 earnings per share for the current year.

About Plexus

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.