New York State Common Retirement Fund Purchases 684 Shares of Plexus Corp. (NASDAQ:PLXS)

New York State Common Retirement Fund raised its position in Plexus Corp. (NASDAQ:PLXS) by 3.7% during the 4th quarter, HoldingsChannel reports. The fund owned 18,950 shares of the technology company’s stock after buying an additional 684 shares during the quarter. New York State Common Retirement Fund’s holdings in Plexus were worth $2,049,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Cetera Trust Company N.A bought a new stake in shares of Plexus in the fourth quarter worth $54,000. McGlone Suttner Wealth Management Inc. bought a new position in shares of Plexus in the 4th quarter valued at about $66,000. Hennion & Walsh Asset Management Inc. acquired a new stake in shares of Plexus in the third quarter valued at about $210,000. CHICAGO TRUST Co NA bought a new stake in Plexus during the fourth quarter worth about $216,000. Finally, PNC Financial Services Group Inc. boosted its position in Plexus by 25.6% during the third quarter. PNC Financial Services Group Inc. now owns 2,417 shares of the technology company’s stock valued at $225,000 after purchasing an additional 493 shares during the last quarter. Institutional investors and hedge funds own 94.45% of the company’s stock.

Plexus Trading Up 0.6 %

Shares of Plexus stock opened at $107.04 on Thursday. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.51 and a quick ratio of 0.64. The business has a fifty day simple moving average of $96.04 and a two-hundred day simple moving average of $99.02. Plexus Corp. has a 1 year low of $85.35 and a 1 year high of $114.06. The company has a market capitalization of $2.95 billion, a price-to-earnings ratio of 29.57 and a beta of 1.00.

Plexus (NASDAQ:PLXS) last posted its earnings results on Wednesday, April 24th. The technology company reported $0.94 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.87 by $0.07. Plexus had a net margin of 2.54% and a return on equity of 10.77%. The company had revenue of $966.90 million during the quarter, compared to analysts’ expectations of $950.75 million. During the same quarter last year, the company posted $1.45 EPS. Plexus’s quarterly revenue was down 9.7% compared to the same quarter last year. Research analysts forecast that Plexus Corp. will post 3.61 EPS for the current year.

Analysts Set New Price Targets

Several research firms have weighed in on PLXS. Needham & Company LLC boosted their price target on Plexus from $107.00 to $114.00 and gave the stock a “buy” rating in a research report on Friday, April 26th. Benchmark reaffirmed a “buy” rating and set a $110.00 price target on shares of Plexus in a research report on Wednesday, January 17th. TheStreet downgraded shares of Plexus from a “b” rating to a “c+” rating in a research report on Tuesday, February 13th. Finally, Stifel Nicolaus upped their target price on shares of Plexus from $90.00 to $95.00 and gave the company a “hold” rating in a report on Friday, April 26th. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $107.75.

Insider Transactions at Plexus

In other news, insider Michael J. Running sold 633 shares of the stock in a transaction that occurred on Thursday, February 15th. The stock was sold at an average price of $97.99, for a total transaction of $62,027.67. Following the transaction, the insider now owns 1,569 shares in the company, valued at $153,746.31. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In other Plexus news, insider Victor (Pang Hau) Tan sold 2,000 shares of Plexus stock in a transaction dated Thursday, May 2nd. The shares were sold at an average price of $102.50, for a total value of $205,000.00. Following the completion of the sale, the insider now owns 12,605 shares in the company, valued at approximately $1,292,012.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Michael J. Running sold 633 shares of the stock in a transaction that occurred on Thursday, February 15th. The stock was sold at an average price of $97.99, for a total transaction of $62,027.67. Following the transaction, the insider now owns 1,569 shares in the company, valued at approximately $153,746.31. The disclosure for this sale can be found here. Insiders sold a total of 33,228 shares of company stock worth $3,316,955 over the last quarter. Company insiders own 2.39% 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.