Smith Group Asset Management LLC Has $564,000 Holdings in Plexus Corp. (NASDAQ:PLXS)

Smith Group Asset Management LLC boosted its stake in shares of Plexus Corp. (NASDAQ:PLXS) by 24.6% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,127 shares of the technology company’s stock after purchasing an additional 815 shares during the quarter. Smith Group Asset Management LLC’s holdings in Plexus were worth $564,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the stock. Quest Partners LLC raised its stake in shares of Plexus by 36,700.0% in the 2nd quarter. Quest Partners LLC now owns 368 shares of the technology company’s stock valued at $38,000 after buying an additional 367 shares in the last quarter. Innealta Capital LLC acquired a new position in shares of Plexus in the 2nd quarter valued at $51,000. EntryPoint Capital LLC raised its stake in shares of Plexus by 56.2% in the 1st quarter. EntryPoint Capital LLC now owns 976 shares of the technology company’s stock valued at $93,000 after buying an additional 351 shares in the last quarter. GAMMA Investing LLC raised its stake in shares of Plexus by 190.1% in the 3rd quarter. GAMMA Investing LLC now owns 760 shares of the technology company’s stock valued at $104,000 after buying an additional 498 shares in the last quarter. Finally, Signaturefd LLC raised its stake in shares of Plexus by 12.0% in the 2nd quarter. Signaturefd LLC now owns 1,705 shares of the technology company’s stock valued at $176,000 after buying an additional 183 shares in the last quarter. 94.45% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

PLXS has been the subject of a number of recent research reports. KeyCorp initiated coverage on shares of Plexus in a research note on Tuesday, October 22nd. They issued a “sector weight” rating for the company. Benchmark upped their target price on shares of Plexus from $150.00 to $165.00 and gave the stock a “buy” rating in a report on Monday. Finally, Needham & Company LLC upped their target price on shares of Plexus from $144.00 to $162.00 and gave the stock a “buy” rating in a report on Friday. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $133.50.

Plexus Stock Up 1.5 %

PLXS opened at $143.32 on Tuesday. The firm’s 50-day simple moving average is $131.15 and its 200-day simple moving average is $116.73. The company has a debt-to-equity ratio of 0.07, a quick ratio of 0.71 and a current ratio of 1.51. Plexus Corp. has a twelve month low of $90.18 and a twelve month high of $153.60. The firm has a market cap of $3.90 billion, a price-to-earnings ratio of 35.74 and a beta of 0.89.

Plexus (NASDAQ:PLXS) last issued its quarterly earnings data on Wednesday, October 23rd. The technology company reported $1.85 EPS for the quarter, topping analysts’ consensus estimates of $1.55 by $0.30. Plexus had a net margin of 2.82% and a return on equity of 9.51%. The firm had revenue of $1.05 billion for the quarter, compared to analyst estimates of $1.01 billion. During the same quarter in the prior year, the firm earned $1.44 EPS. The company’s revenue was up 2.6% on a year-over-year basis. Equities research analysts anticipate that Plexus Corp. will post 5.63 EPS for the current fiscal year.

Insiders Place Their Bets

In other Plexus news, Director Karen Marie Rapp sold 500 shares of the stock in a transaction dated Friday, August 30th. The shares were sold at an average price of $128.02, for a total transaction of $64,010.00. Following the sale, the director now owns 9,586 shares of the company’s stock, valued at $1,227,199.72. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, CEO Todd P. Kelsey sold 3,000 shares of the firm’s stock in a transaction dated Wednesday, July 31st. The shares were sold at an average price of $128.40, for a total value of $385,200.00. Following the transaction, the chief executive officer now owns 93,682 shares of the company’s stock, valued at approximately $12,028,768.80. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Karen Marie Rapp sold 500 shares of the firm’s stock in a transaction dated Friday, August 30th. The shares were sold at an average price of $128.02, for a total transaction of $64,010.00. Following the completion of the transaction, the director now directly owns 9,586 shares in the company, valued at $1,227,199.72. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 20,113 shares of company stock valued at $2,541,394 in the last 90 days. 2.39% 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.