Nebula Research & Development LLC Acquires Shares of 7,168 Plexus Corp. (NASDAQ:PLXS)

Nebula Research & Development LLC bought a new stake in shares of Plexus Corp. (NASDAQ:PLXS - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 7,168 shares of the technology company's stock, valued at approximately $1,122,000.

A number of other institutional investors and hedge funds also recently bought and sold shares of PLXS. TD Private Client Wealth LLC purchased a new position in shares of Plexus in the fourth quarter valued at $28,000. R Squared Ltd purchased a new position in shares of Plexus in the 4th quarter worth $45,000. Nomura Asset Management Co. Ltd. increased its holdings in shares of Plexus by 45.5% in the 4th quarter. Nomura Asset Management Co. Ltd. now owns 320 shares of the technology company's stock worth $50,000 after buying an additional 100 shares during the last quarter. USA Financial Formulas purchased a new stake in shares of Plexus during the 4th quarter valued at about $56,000. Finally, Blue Trust Inc. lifted its holdings in shares of Plexus by 12.1% in the 4th quarter. Blue Trust Inc. now owns 776 shares of the technology company's stock valued at $121,000 after acquiring an additional 84 shares during the last quarter. 94.45% of the stock is currently owned by institutional investors.

Plexus Stock Up 3.5 %

PLXS stock traded up $4.35 during trading on Friday, hitting $128.51. 32,642 shares of the company's stock traded hands, compared to its average volume of 192,293. The firm has a market capitalization of $3.47 billion, a P/E ratio of 29.82 and a beta of 0.80. Plexus Corp. has a 1 year low of $100.96 and a 1 year high of $172.89. 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 business has a fifty day simple moving average of $124.63 and a two-hundred day simple moving average of $143.82.

Plexus (NASDAQ:PLXS - Get Free Report) last posted 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 during the quarter, compared to analyst estimates of $980.07 million. During the same quarter in the previous year, the business posted $0.94 EPS. Plexus's revenue was up 1.4% on a year-over-year basis. Sell-side analysts anticipate that Plexus Corp. will post 5.9 EPS for the current year.

Insider Buying and Selling

In other Plexus news, CEO Todd P. Kelsey sold 1,500 shares of Plexus stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $136.96, for a total value of $205,440.00. Following the completion of the transaction, the chief executive officer now owns 86,932 shares of the company's stock, valued at approximately $11,906,206.72. The trade was a 1.70 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Frank Zycinski sold 1,200 shares of the company'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 completion of the transaction, the insider now directly owns 723 shares of the company's stock, valued at $101,827.32. The trade was a 62.40 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 11,174 shares of company stock valued at $1,569,216 over the last 90 days. Insiders own 1.76% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the company. Benchmark decreased their price objective on 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 price target on Plexus in a report on Thursday, April 24th. Finally, Needham & Company LLC reissued a "buy" rating and issued a $162.00 target price (down previously 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 issued 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.

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.