TFO Wealth Partners LLC Buys 1,721 Shares of Plexus Corp. (NASDAQ:PLXS)

TFO Wealth Partners LLC lifted its stake in shares of Plexus Corp. (NASDAQ:PLXSFree Report) by 86,050.0% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,723 shares of the technology company’s stock after purchasing an additional 1,721 shares during the quarter. TFO Wealth Partners LLC’s holdings in Plexus were worth $186,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Trexquant Investment LP bought a new stake in shares of Plexus during the 4th quarter valued at approximately $915,000. Westfield Capital Management Co. LP grew its holdings in shares of Plexus by 108.8% during the 4th quarter. Westfield Capital Management Co. LP now owns 298,262 shares of the technology company’s stock valued at $32,251,000 after purchasing an additional 155,447 shares during the last quarter. Qube Research & Technologies Ltd grew its holdings in shares of Plexus by 93.7% during the 3rd quarter. Qube Research & Technologies Ltd now owns 22,691 shares of the technology company’s stock valued at $2,110,000 after purchasing an additional 10,975 shares during the last quarter. Avior Wealth Management LLC grew its holdings in shares of Plexus by 115.2% during the 4th quarter. Avior Wealth Management LLC now owns 2,118 shares of the technology company’s stock valued at $229,000 after purchasing an additional 1,134 shares during the last quarter. Finally, BNP Paribas Asset Management Holding S.A. grew its holdings in shares of Plexus by 0.9% during the 4th quarter. BNP Paribas Asset Management Holding S.A. now owns 954,853 shares of the technology company’s stock valued at $103,248,000 after purchasing an additional 8,243 shares during the last quarter. 94.45% of the stock is owned by institutional investors.

Plexus Stock Down 0.7 %

Shares of NASDAQ PLXS opened at $109.32 on Tuesday. The company has a market capitalization of $3.00 billion, a P/E ratio of 30.20 and a beta of 0.95. Plexus Corp. has a 52-week low of $87.21 and a 52-week high of $114.27. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.64 and a current ratio of 1.51. The company’s 50 day moving average price is $101.79 and its 200-day moving average price is $100.56.

Plexus (NASDAQ:PLXSGet Free Report) last issued its quarterly 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. The firm had revenue of $966.90 million for the quarter, compared to the consensus estimate of $950.75 million. Plexus had a net margin of 2.54% and a return on equity of 10.77%. The company’s revenue for the quarter was down 9.7% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.45 EPS. Equities analysts forecast that Plexus Corp. will post 3.81 earnings per share for the current year.

Insider Transactions at Plexus

In other news, CEO Todd P. Kelsey sold 1,000 shares of the business’s stock in a transaction that occurred on Monday, April 29th. The shares were sold at an average price of $102.10, for a total value of $102,100.00. Following the transaction, the chief executive officer now owns 113,810 shares in the company, valued at approximately $11,620,001. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, insider Victor (Pang Hau) Tan sold 2,000 shares of the business’s stock in a transaction on Thursday, May 2nd. The shares were sold at an average price of $102.50, for a total transaction of $205,000.00. Following the transaction, the insider now owns 12,605 shares in the company, valued at approximately $1,292,012.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Todd P. Kelsey sold 1,000 shares of the business’s stock in a transaction on Monday, April 29th. The shares were sold at an average price of $102.10, for a total transaction of $102,100.00. Following the transaction, the chief executive officer now owns 113,810 shares in the company, valued at approximately $11,620,001. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 33,730 shares of company stock worth $3,559,444. Company insiders own 2.39% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the stock. Needham & Company LLC boosted their target price on shares of Plexus from $107.00 to $114.00 and gave the stock a “buy” rating in a report on Friday, April 26th. TheStreet lowered shares of Plexus from a “b” rating to a “c+” rating in a report on Tuesday, February 13th. Finally, Stifel Nicolaus boosted their target price on shares of Plexus from $90.00 to $95.00 and gave the stock a “hold” rating in a report on Friday, April 26th. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $107.75.

Get Our Latest Research Report on PLXS

Plexus Company Profile

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for Plexus (NASDAQ:PLXS)

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