409 Shares in Plexus Corp. (NASDAQ:PLXS) Acquired by GAMMA Investing LLC

GAMMA Investing LLC bought a new stake in Plexus Corp. (NASDAQ:PLXS) during the fourth quarter, HoldingsChannel reports. The institutional investor bought 409 shares of the technology company’s stock, valued at approximately $44,000.

A number of other large investors have also recently bought and sold shares of PLXS. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of Plexus by 12.1% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,904 shares of the technology company’s stock valued at $549,000 after acquiring an additional 638 shares in the last quarter. Inspire Investing LLC lifted its holdings in Plexus by 3.6% in the 3rd quarter. Inspire Investing LLC now owns 3,323 shares of the technology company’s stock valued at $309,000 after purchasing an additional 114 shares in the last quarter. Hennion & Walsh Asset Management Inc. acquired a new stake in shares of Plexus during the 3rd quarter worth about $210,000. Teacher Retirement System of Texas grew its holdings in shares of Plexus by 3.9% during the third quarter. Teacher Retirement System of Texas now owns 14,369 shares of the technology company’s stock worth $1,336,000 after buying an additional 535 shares in the last quarter. Finally, Illinois Municipal Retirement Fund acquired a new position in shares of Plexus in the third quarter valued at approximately $1,554,000. Institutional investors and hedge funds own 94.45% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have commented on PLXS. Stifel Nicolaus lifted their target price on shares of Plexus from $90.00 to $95.00 and gave the stock a “hold” rating in a research note on Friday, April 26th. Needham & Company LLC raised their price target on Plexus from $107.00 to $114.00 and gave the stock a “buy” rating in a research note on Friday, April 26th. TheStreet downgraded shares of Plexus from a “b” rating to a “c+” rating in a research note on Tuesday, February 13th. Sidoti lowered shares of Plexus from a “buy” rating to a “neutral” rating and set a $112.00 price objective on the stock. in a report on Tuesday, January 9th. Finally, Benchmark restated a “buy” rating and issued a $110.00 target price on shares of Plexus in a report on Wednesday, January 17th. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $107.75.

Insider Buying and Selling at Plexus

In other news, insider Steven J. Frisch sold 3,338 shares of the firm’s stock in a transaction on Tuesday, February 6th. The shares were sold at an average price of $94.49, for a total value of $315,407.62. Following the transaction, the insider now owns 61,874 shares of the company’s stock, valued at approximately $5,846,474.26. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In related news, insider Steven J. Frisch sold 3,338 shares of the stock in a transaction on Tuesday, February 6th. The stock was sold at an average price of $94.49, for a total value of $315,407.62. Following the completion of the sale, the insider now directly owns 61,874 shares in the company, valued at approximately $5,846,474.26. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Michael J. Running sold 633 shares of the firm’s stock in a transaction dated Thursday, February 15th. The shares were sold at an average price of $97.99, for a total value of $62,027.67. Following the completion of the transaction, the insider now directly owns 1,569 shares in the company, valued at $153,746.31. The disclosure for this sale can be found here. Insiders have sold a total of 29,062 shares of company stock valued at $2,849,614 over the last ninety days. Corporate insiders own 2.39% of the company’s stock.

Plexus Price Performance

Shares of Plexus stock opened at $104.07 on Friday. The stock has a market capitalization of $2.87 billion, a P/E ratio of 28.75 and a beta of 1.00. The company has a current ratio of 1.51, a quick ratio of 0.64 and a debt-to-equity ratio of 0.15. The business’s fifty day moving average price is $95.28 and its 200 day moving average price is $98.69. Plexus Corp. has a twelve month low of $83.84 and a twelve month high of $114.06.

Plexus (NASDAQ:PLXS) last released its quarterly earnings data on Wednesday, April 24th. The technology company reported $0.94 earnings per share for the quarter, beating the consensus estimate of $0.87 by $0.07. The business had revenue of $966.90 million for the quarter, compared to analyst estimates of $950.75 million. Plexus had a return on equity of 10.77% and a net margin of 2.54%. The company’s revenue was down 9.7% compared to the same quarter last year. During the same period in the previous year, the company posted $1.45 EPS. As a group, research analysts anticipate that Plexus Corp. will post 3.61 earnings per share for the current year.

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.