Plexus Corp. (NASDAQ:PLXS) Shares Acquired by Sterling Capital Management LLC

Sterling Capital Management LLC grew its holdings in shares of Plexus Corp. (NASDAQ:PLXS - Free Report) by 5,643.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 4,250 shares of the technology company's stock after purchasing an additional 4,176 shares during the quarter. Sterling Capital Management LLC's holdings in Plexus were worth $665,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. TD Private Client Wealth LLC acquired a new position in Plexus during the fourth quarter worth about $28,000. R Squared Ltd purchased a new position in Plexus in the 4th quarter worth approximately $45,000. Nomura Asset Management Co. Ltd. boosted its holdings in shares of Plexus by 45.5% during the 4th 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. USA Financial Formulas purchased a new stake in shares of Plexus in the fourth quarter valued at approximately $56,000. Finally, Blue Trust Inc. grew its position in shares of Plexus by 12.1% in the fourth quarter. Blue Trust Inc. now owns 776 shares of the technology company's stock valued at $121,000 after purchasing an additional 84 shares in the last quarter. Hedge funds and other institutional investors own 94.45% of the company's stock.

Plexus Trading Up 2.6 %

Plexus stock traded up $3.09 during mid-day trading on Tuesday, hitting $124.11. The company's stock had a trading volume of 165,855 shares, compared to its average volume of 165,599. The stock's fifty day moving average is $126.50 and its two-hundred day moving average is $144.38. The company has a current ratio of 1.53, a quick ratio of 0.70 and a debt-to-equity ratio of 0.07. The firm has a market capitalization of $3.36 billion, a PE ratio of 28.80 and a beta of 0.83. Plexus Corp. has a 1 year low of $94.29 and a 1 year high of $172.89.

Plexus (NASDAQ:PLXS - Get Free Report) last released its quarterly earnings results on Wednesday, January 22nd. The technology company reported $1.49 earnings per share for the quarter, missing analysts' consensus estimates of $1.59 by ($0.10). Plexus had a return on equity of 10.36% and a net margin of 3.03%. On average, analysts anticipate that Plexus Corp. will post 5.9 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the company. Needham & Company LLC boosted their price objective on Plexus from $162.00 to $172.00 and gave the stock a "buy" rating in a research note on Friday, January 24th. Stifel Nicolaus began coverage on Plexus in a report on Tuesday, February 4th. They set a "hold" rating and a $152.00 price target on the stock. Finally, Benchmark reissued a "buy" rating and issued a $165.00 price objective on shares of Plexus in a report on Wednesday, January 22nd. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $163.00.

Insider Buying and Selling at Plexus

In other news, CAO Angelo Michael Ninivaggi, Jr. sold 3,423 shares of the firm's stock in a transaction on Thursday, January 30th. The stock was sold at an average price of $145.14, for a total transaction of $496,814.22. Following the completion of the transaction, the chief accounting officer now directly owns 29,501 shares in the company, valued at $4,281,775.14. This trade represents a 10.40 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Todd P. Kelsey sold 4,337 shares of the business's stock in a transaction on Wednesday, February 5th. The shares were sold at an average price of $142.23, for a total value of $616,851.51. Following the completion of the sale, the chief executive officer now owns 80,595 shares in the company, valued at $11,463,026.85. This represents a 5.11 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 17,958 shares of company stock worth $2,551,930 over the last three months. Insiders own 1.76% of the company's stock.

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.