Virtu Financial LLC Invests $257,000 in Plexus Corp. (NASDAQ:PLXS)

Virtu Financial LLC acquired a new stake in shares of Plexus Corp. (NASDAQ:PLXS) during the fourth quarter, HoldingsChannel reports. The firm acquired 1,640 shares of the technology company’s stock, valued at approximately $257,000.

Other large investors have also modified their holdings of the company. Summit Global Investments bought a new position in Plexus during the 4th quarter valued at about $631,000. TD Private Client Wealth LLC bought a new position in shares of Plexus in the fourth quarter valued at approximately $28,000. Magnetar Financial LLC acquired a new position in shares of Plexus in the 4th quarter worth approximately $721,000. Teacher Retirement System of Texas grew its position in Plexus by 12.4% during the 4th quarter. Teacher Retirement System of Texas now owns 65,015 shares of the technology company’s stock worth $10,174,000 after acquiring an additional 7,194 shares during the last quarter. Finally, Harvest Fund Management Co. Ltd increased its holdings in Plexus by 281.7% during the 4th quarter. Harvest Fund Management Co. Ltd now owns 10,870 shares of the technology company’s stock valued at $1,701,000 after purchasing an additional 8,022 shares in the last quarter. 94.45% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

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

Insider Transactions at Plexus

In other Plexus news, insider Michael J. Running sold 1,250 shares of the firm’s stock in a transaction dated Friday, February 21st. The stock was sold at an average price of $138.62, for a total transaction of $173,275.00. Following the transaction, the insider now owns 1,276 shares in the company, valued at approximately $176,879.12. This trade represents a 49.49 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Angelo Michael Ninivaggi, Jr. sold 3,423 shares of the business’s stock in a transaction dated Thursday, January 30th. The stock was sold at an average price of $145.14, for a total value of $496,814.22. Following the transaction, the chief accounting officer now owns 29,501 shares of the company’s stock, valued at $4,281,775.14. The trade was a 10.40 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 19,458 shares of company stock worth $2,786,515 in the last three months. Insiders own 1.76% of the company’s stock.

Plexus Price Performance

Shares of PLXS stock opened at $127.76 on Friday. The firm has a market cap of $3.45 billion, a price-to-earnings ratio of 29.64 and a beta of 0.90. 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 $92.72 and a 12 month high of $172.89. The stock has a 50-day moving average price of $136.60 and a 200 day moving average price of $145.71.

Plexus (NASDAQ:PLXS) last announced its quarterly earnings data on Wednesday, January 22nd. The technology company reported $1.49 earnings per share (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%. Research analysts expect that Plexus Corp. will post 5.9 EPS for the current 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.