Plexus Corp. (NASDAQ:PLXS) Shares Bought by LPL Financial LLC

LPL Financial LLC increased its position in shares of Plexus Corp. (NASDAQ:PLXS) by 170.5% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 8,508 shares of the technology company’s stock after purchasing an additional 5,363 shares during the quarter. LPL Financial LLC’s holdings in Plexus were worth $1,331,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in PLXS. Pacer Advisors Inc. acquired a new stake in shares of Plexus in the 4th quarter worth approximately $107,489,000. American Century Companies Inc. boosted its stake in Plexus by 72.2% during the 4th quarter. American Century Companies Inc. now owns 544,017 shares of the technology company’s stock valued at $85,128,000 after purchasing an additional 228,027 shares in the last quarter. Raymond James Financial Inc. acquired a new position in shares of Plexus during the 4th quarter valued at $15,892,000. Barclays PLC raised its stake in shares of Plexus by 139.4% in the 3rd quarter. Barclays PLC now owns 48,786 shares of the technology company’s stock worth $6,669,000 after buying an additional 28,406 shares in the last quarter. Finally, Proficio Capital Partners LLC acquired a new stake in shares of Plexus in the fourth quarter valued at $2,277,000. Institutional investors own 94.45% of the company’s stock.

Plexus Price Performance

NASDAQ PLXS opened at $122.66 on Friday. Plexus Corp. has a twelve month low of $92.72 and a twelve month high of $172.89. The stock has a market capitalization of $3.32 billion, a PE ratio of 28.46 and a beta of 0.83. The stock has a 50-day simple moving average of $127.54 and a 200 day simple moving average of $144.57. The company has a debt-to-equity ratio of 0.07, a quick ratio of 0.70 and a current ratio of 1.53.

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

Analyst Ratings Changes

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

Insider Activity

In other Plexus news, CAO Angelo Michael Ninivaggi, Jr. sold 3,423 shares of the business’s stock in a transaction that occurred on Thursday, January 30th. The stock was sold at an average price of $145.14, for a total value of $496,814.22. Following the sale, the chief accounting officer now owns 29,501 shares in the company, valued at approximately $4,281,775.14. The trade was a 10.40 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Todd P. Kelsey sold 1,500 shares of the company’s stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $136.96, for a total value of $205,440.00. Following the transaction, the chief executive officer now directly owns 86,932 shares of the company’s stock, valued at approximately $11,906,206.72. This trade represents a 1.70 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 17,958 shares of company stock valued at $2,551,930. 1.76% of the stock is currently owned by insiders.

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.