Plexus Corp. (NASDAQ:PLXS) Shares Acquired by GHP Investment Advisors Inc.

GHP Investment Advisors Inc. increased its position in shares of Plexus Corp. (NASDAQ:PLXS) by 0.7% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 87,984 shares of the technology company’s stock after acquiring an additional 644 shares during the quarter. GHP Investment Advisors Inc.’s holdings in Plexus were worth $9,078,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently modified their holdings of PLXS. Norges Bank purchased a new position in Plexus during the fourth quarter worth about $19,533,000. Westfield Capital Management Co. LP raised its position 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 buying an additional 155,447 shares during the period. American Century Companies Inc. grew its position in Plexus by 204.3% in the second quarter. American Century Companies Inc. now owns 158,032 shares of the technology company’s stock worth $16,306,000 after acquiring an additional 106,103 shares during the period. BNP PARIBAS ASSET MANAGEMENT Holding S.A. increased its stake in Plexus by 8.8% during the second quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 1,079,340 shares of the technology company’s stock worth $111,366,000 after acquiring an additional 87,574 shares during the last quarter. Finally, Vanguard Group Inc. raised its position in Plexus by 2.2% in the first quarter. Vanguard Group Inc. now owns 3,515,866 shares of the technology company’s stock valued at $333,374,000 after purchasing an additional 74,988 shares during the period. Hedge funds and other institutional investors own 94.45% of the company’s stock.

Plexus Price Performance

PLXS opened at $124.23 on Friday. The stock’s 50-day moving average price is $119.77 and its 200 day moving average price is $107.23. The company has a current ratio of 1.47, a quick ratio of 0.64 and a debt-to-equity ratio of 0.07. Plexus Corp. has a 12-month low of $87.21 and a 12-month high of $132.46. The firm has a market cap of $3.38 billion, a price-to-earnings ratio of 34.32 and a beta of 0.89.

Plexus (NASDAQ:PLXS) last issued its quarterly earnings results on Wednesday, July 24th. The technology company reported $1.45 earnings per share for the quarter, topping the consensus estimate of $1.28 by $0.17. Plexus had a return on equity of 9.64% and a net margin of 2.82%. The company had revenue of $960.70 million for the quarter, compared to the consensus estimate of $981.32 million. During the same quarter in the prior year, the business earned $1.32 EPS. Plexus’s revenue was down 6.0% on a year-over-year basis. As a group, sell-side analysts expect that Plexus Corp. will post 3.74 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on PLXS shares. Needham & Company LLC raised their price objective on Plexus from $114.00 to $144.00 and gave the stock a “buy” rating in a research report on Friday, July 26th. Benchmark lifted their price target on shares of Plexus from $120.00 to $145.00 and gave the company a “buy” rating in a research report on Monday, July 29th. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $124.00.

Insider Activity

In related news, Director Karen Marie Rapp sold 500 shares of the company’s stock in a transaction that occurred on Friday, August 30th. The stock was sold at an average price of $128.02, for a total value of $64,010.00. Following the completion of the transaction, the director now directly owns 9,586 shares of the company’s stock, valued at $1,227,199.72. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, Director Karen Marie Rapp sold 500 shares of the company’s stock in a transaction dated Friday, August 30th. The stock was sold at an average price of $128.02, for a total value of $64,010.00. Following the completion of the sale, the director now directly owns 9,586 shares of the company’s stock, valued at approximately $1,227,199.72. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Steven J. Frisch sold 6,565 shares of Plexus stock in a transaction that occurred on Wednesday, July 31st. The stock was sold at an average price of $128.11, for a total value of $841,042.15. Following the transaction, the insider now directly owns 36,118 shares in the company, valued at approximately $4,627,076.98. The disclosure for this sale can be found here. In the last three months, insiders have sold 21,769 shares of company stock worth $2,731,834. 2.39% of the stock is currently owned by corporate 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.