Capstone Investment Advisors LLC Purchases Shares of 2,273 Plexus Corp. (NASDAQ:PLXS)

Capstone Investment Advisors LLC purchased a new stake in Plexus Corp. (NASDAQ:PLXSFree Report) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 2,273 shares of the technology company’s stock, valued at approximately $216,000.

Several other hedge funds also recently added to or reduced their stakes in the stock. Vanguard Group Inc. increased its stake in Plexus by 1.4% in the third quarter. Vanguard Group Inc. now owns 3,453,940 shares of the technology company’s stock valued at $321,147,000 after purchasing an additional 47,762 shares during the last quarter. Fiduciary Management Inc. WI grew its position in shares of Plexus by 3.8% during the fourth quarter. Fiduciary Management Inc. WI now owns 1,226,917 shares of the technology company’s stock worth $132,667,000 after acquiring an additional 44,398 shares during the last quarter. BNP Paribas Asset Management Holding S.A. grew its position in shares of Plexus by 0.9% during the fourth quarter. BNP Paribas Asset Management Holding S.A. now owns 954,853 shares of the technology company’s stock worth $103,248,000 after acquiring an additional 8,243 shares during the last quarter. Boston Trust Walden Corp grew its position in shares of Plexus by 1.1% during the fourth quarter. Boston Trust Walden Corp now owns 402,382 shares of the technology company’s stock worth $43,510,000 after acquiring an additional 4,500 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its position in shares of Plexus by 4.7% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 398,228 shares of the technology company’s stock worth $43,060,000 after acquiring an additional 17,788 shares during the last quarter. 94.45% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

PLXS has been the topic of a number of research reports. Needham & Company LLC raised their target price on shares of Plexus from $107.00 to $114.00 and gave the stock a “buy” rating in a research report on Friday, April 26th. Benchmark raised their target price on shares of Plexus from $110.00 to $120.00 and gave the stock a “buy” rating in a research report on Friday, June 21st. Finally, Stifel Nicolaus raised their target price on shares of Plexus from $90.00 to $95.00 and gave the stock a “hold” rating in a research report on Friday, April 26th. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $110.25.

Check Out Our Latest Research Report on Plexus

Plexus Stock Performance

NASDAQ:PLXS opened at $104.78 on Thursday. The firm’s fifty day moving average price is $106.12 and its 200 day moving average price is $100.33. Plexus Corp. has a 1-year low of $87.21 and a 1-year high of $114.27. 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 firm has a market cap of $2.87 billion, a price-to-earnings ratio of 28.94 and a beta of 0.90.

Plexus (NASDAQ:PLXSGet Free Report) last posted its quarterly earnings data on Wednesday, April 24th. The technology company reported $0.94 earnings per share for the quarter, beating 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 firm had revenue of $966.90 million for the quarter, compared to analyst estimates of $950.75 million. During the same period last year, the firm posted $1.45 EPS. Plexus’s quarterly revenue was down 9.7% on a year-over-year basis. On average, sell-side analysts expect that Plexus Corp. will post 3.67 EPS for the current year.

Insider Buying and Selling at Plexus

In other Plexus news, CEO Todd P. Kelsey sold 1,000 shares of the firm’s stock in a transaction on Friday, May 31st. The stock was sold at an average price of $109.50, for a total value of $109,500.00. Following the completion of the sale, the chief executive officer now owns 102,338 shares of the company’s stock, valued at $11,206,011. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. In other Plexus news, CEO Todd P. Kelsey sold 1,000 shares of the firm’s stock in a transaction on Friday, May 31st. The stock was sold at an average price of $109.50, for a total value of $109,500.00. Following the completion of the sale, the chief executive officer now owns 102,338 shares of the company’s stock, valued at $11,206,011. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CFO Patrick John Jermain sold 4,999 shares of the firm’s stock in a transaction on Monday, May 20th. The shares were sold at an average price of $110.00, for a total value of $549,890.00. Following the completion of the sale, the chief financial officer now directly owns 34,183 shares of the company’s stock, valued at approximately $3,760,130. The disclosure for this sale can be found here. Over the last quarter, insiders sold 33,730 shares of company stock valued at $3,559,444. 2.39% of the stock is owned by company insiders.

About Plexus

(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.

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Institutional Ownership by Quarter for Plexus (NASDAQ:PLXS)

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