Schonfeld Strategic Advisors LLC Invests $321,000 in Plexus Corp. (NASDAQ:PLXS)

Schonfeld Strategic Advisors LLC purchased a new stake in Plexus Corp. (NASDAQ:PLXS - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 2,050 shares of the technology company's stock, valued at approximately $321,000.

Several other large investors have also modified their holdings of PLXS. Blue Trust Inc. lifted its stake in Plexus by 12.1% during the 4th quarter. Blue Trust Inc. now owns 776 shares of the technology company's stock worth $121,000 after acquiring an additional 84 shares in the last quarter. Nomura Asset Management Co. Ltd. raised its position in Plexus by 45.5% in the 4th quarter. Nomura Asset Management Co. Ltd. now owns 320 shares of the technology company's stock valued at $50,000 after purchasing an additional 100 shares in the last quarter. Tocqueville Asset Management L.P. raised its position in Plexus by 1.8% in the 4th quarter. Tocqueville Asset Management L.P. now owns 5,907 shares of the technology company's stock valued at $924,000 after purchasing an additional 107 shares in the last quarter. Aquatic Capital Management LLC raised its position in Plexus by 134.0% in the 4th quarter. Aquatic Capital Management LLC now owns 234 shares of the technology company's stock valued at $37,000 after purchasing an additional 134 shares in the last quarter. Finally, TD Private Client Wealth LLC acquired a new stake in shares of Plexus during the 4th quarter worth about $28,000. Institutional investors and hedge funds own 94.45% of the company's stock.

Plexus Stock Up 1.2%

Shares of NASDAQ:PLXS traded up $1.58 during midday trading on Friday, hitting $134.28. 137,638 shares of the stock were exchanged, compared to its average volume of 168,905. The company has a debt-to-equity ratio of 0.07, a quick ratio of 0.70 and a current ratio of 1.53. Plexus Corp. has a 52-week low of $100.96 and a 52-week high of $172.89. The business's fifty day simple moving average is $124.90 and its two-hundred day simple moving average is $143.02. The company has a market capitalization of $3.64 billion, a PE ratio of 31.16 and a beta of 0.80.

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 analysts' consensus estimates 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 for the quarter, compared to analyst estimates of $980.07 million. During the same period in the previous year, the company posted $0.94 earnings per share. The firm's revenue for the quarter was up 1.4% on a year-over-year basis. As a group, research analysts predict that Plexus Corp. will post 5.9 earnings per share for the current fiscal year.

Analysts Set New Price Targets

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

Insider Buying and Selling

In related 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 transaction of $124,641.24. Following the sale, the director now directly owns 4,831 shares of the company's stock, valued at $678,852.12. This trade represents a 15.51% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Michael J. Running sold 1,250 shares of Plexus stock in a transaction that occurred on Friday, February 21st. The shares were sold at an average price of $138.62, for a total value of $173,275.00. Following the sale, the insider now directly owns 1,276 shares in the company, valued at $176,879.12. The trade was a 49.49% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 4,137 shares of company stock valued at $577,916 over the last three months. 1.76% of the stock is owned by corporate insiders.

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.