EntryPoint Capital LLC Has $742,000 Stock Holdings in Plexus Corp. (NASDAQ:PLXS)

EntryPoint Capital LLC lifted its stake in shares of Plexus Corp. (NASDAQ:PLXS) by 47.5% during the fourth quarter, Holdings Channel reports. The firm owned 4,739 shares of the technology company’s stock after purchasing an additional 1,526 shares during the quarter. Plexus makes up approximately 0.3% of EntryPoint Capital LLC’s portfolio, making the stock its 20th largest holding. EntryPoint Capital LLC’s holdings in Plexus were worth $742,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. TD Private Client Wealth LLC purchased a new stake in Plexus during the fourth quarter valued at about $28,000. Quarry LP raised its holdings in shares of Plexus by 573.5% during the third quarter. Quarry LP now owns 229 shares of the technology company’s stock valued at $31,000 after acquiring an additional 195 shares during the period. R Squared Ltd acquired a new stake in shares of Plexus during the fourth quarter valued at approximately $45,000. Point72 DIFC Ltd acquired a new position in Plexus in the 3rd quarter worth approximately $51,000. Finally, Point72 Asia Singapore Pte. Ltd. purchased a new position in Plexus during the 3rd quarter worth approximately $55,000. Institutional investors and hedge funds own 94.45% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently issued reports on PLXS. Benchmark restated a “buy” rating and issued a $165.00 target price on shares of Plexus in a report on Wednesday, January 22nd. Stifel Nicolaus began coverage on Plexus in a research note on Tuesday, February 4th. They issued a “hold” rating and a $152.00 price objective for the company. Finally, Needham & Company LLC upped their target price on Plexus from $162.00 to $172.00 and gave the company a “buy” rating in a report on Friday, January 24th. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, Plexus has an average rating of “Moderate Buy” and an average price target of $163.00.

Plexus Trading Up 3.6 %

Plexus stock opened at $132.80 on Tuesday. The company has a quick ratio of 0.70, a current ratio of 1.53 and a debt-to-equity ratio of 0.07. Plexus Corp. has a 12 month low of $90.87 and a 12 month high of $172.89. The company’s fifty day simple moving average is $139.50 and its 200-day simple moving average is $145.78. The stock has a market cap of $3.59 billion, a P/E ratio of 30.81 and a beta of 0.90.

Plexus (NASDAQ:PLXS) last issued its earnings results on Wednesday, January 22nd. The technology company reported $1.49 EPS for the quarter, missing analysts’ consensus estimates of $1.59 by ($0.10). Plexus had a net margin of 3.03% and a return on equity of 10.36%. As a group, sell-side analysts forecast that Plexus Corp. will post 5.9 EPS for the current fiscal year.

Insider Buying and Selling

In related news, insider Frank Zycinski sold 1,200 shares of Plexus stock in a transaction on Monday, February 10th. The shares were sold at an average price of $140.84, for a total value of $169,008.00. Following the completion of the sale, the insider now owns 723 shares of the company’s stock, valued at approximately $101,827.32. The trade was a 62.40 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Todd P. Kelsey sold 1,500 shares of the company’s stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $156.39, for a total transaction of $234,585.00. Following the completion of the sale, the chief executive officer now owns 74,271 shares of the company’s stock, valued at $11,615,241.69. This represents a 1.98 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 19,458 shares of company stock worth $2,786,515. Insiders own 1.76% of the company’s stock.

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.