Plexus Corp. (NASDAQ:PLXS) Shares Sold by New York State Teachers Retirement System

New York State Teachers Retirement System decreased its holdings in Plexus Corp. (NASDAQ:PLXS) by 6.1% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 50,642 shares of the technology company’s stock after selling 3,317 shares during the period. New York State Teachers Retirement System owned approximately 0.18% of Plexus worth $5,476,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. McGlone Suttner Wealth Management Inc. purchased a new position in Plexus in the fourth quarter valued at approximately $66,000. Tower Research Capital LLC TRC raised its holdings in Plexus by 680.8% in the first quarter. Tower Research Capital LLC TRC now owns 773 shares of the technology company’s stock valued at $75,000 after buying an additional 674 shares during the period. UBS Group AG raised its holdings in Plexus by 294.9% in the third quarter. UBS Group AG now owns 924 shares of the technology company’s stock valued at $81,000 after buying an additional 690 shares during the period. Avior Wealth Management LLC purchased a new stake in shares of Plexus during the third quarter valued at approximately $91,000. Finally, Lazard Asset Management LLC purchased a new stake in shares of Plexus during the fourth quarter valued at approximately $111,000. Hedge funds and other institutional investors own 94.45% of the company’s stock.

Insiders Place Their Bets

In other Plexus news, insider Michael J. Running sold 542 shares of Plexus stock in a transaction on Tuesday, January 30th. The shares were sold at an average price of $95.60, for a total value of $51,815.20. Following the completion of the transaction, the insider now owns 1,569 shares of the company’s stock, valued at $149,996.40. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In other news, CFO Patrick John Jermain sold 4,399 shares of the business’s stock in a transaction on Monday, February 12th. The shares were sold at an average price of $99.86, for a total transaction of $439,284.14. Following the completion of the transaction, the chief financial officer now owns 45,504 shares of the company’s stock, valued at $4,544,029.44. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Michael J. Running sold 542 shares of the business’s stock in a transaction on Tuesday, January 30th. The shares were sold at an average price of $95.60, for a total transaction of $51,815.20. Following the transaction, the insider now directly owns 1,569 shares of the company’s stock, valued at approximately $149,996.40. The disclosure for this sale can be found here. Insiders sold a total of 32,453 shares of company stock valued at $3,112,875 over the last 90 days. 2.39% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of analysts have recently issued reports on PLXS shares. 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 research note on Tuesday, January 9th. Needham & Company LLC dropped their price objective on shares of Plexus from $110.00 to $107.00 and set a “buy” rating on the stock in a research note on Thursday, January 25th. Benchmark reiterated a “buy” rating and set a $110.00 price objective on shares of Plexus in a research note on Wednesday, January 17th. Finally, TheStreet lowered shares of Plexus from a “b” rating to a “c+” rating in a research note on Tuesday, February 13th. Two investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $109.67.

Plexus Stock Down 1.6 %

Shares of NASDAQ:PLXS opened at $95.59 on Friday. The firm has a market cap of $2.64 billion, a PE ratio of 21.29 and a beta of 1.02. The company has a fifty day simple moving average of $94.51 and a 200 day simple moving average of $98.28. The company has a current ratio of 1.52, a quick ratio of 0.62 and a debt-to-equity ratio of 0.15. Plexus Corp. has a 12-month low of $83.84 and a 12-month high of $114.06.

Plexus (NASDAQ:PLXS) last released its quarterly earnings data on Thursday, January 25th. The technology company reported $1.04 EPS for the quarter, missing analysts’ consensus estimates of $1.05 by ($0.01). The business had revenue of $982.61 million during the quarter, compared to analyst estimates of $982.57 million. Plexus had a return on equity of 12.16% and a net margin of 3.08%. The business’s revenue for the quarter was down 10.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.49 EPS. On average, equities research analysts anticipate that Plexus Corp. will post 4.25 EPS for the current fiscal year.

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.