1,587 Shares in Plexus Corp. (NASDAQ:PLXS) Purchased by Legacy Wealth Asset Management LLC

Legacy Wealth Asset Management LLC purchased a new stake in Plexus Corp. (NASDAQ:PLXS) during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 1,587 shares of the technology company’s stock, valued at approximately $217,000.

Other hedge funds have also recently bought and sold shares of the company. Quest Partners LLC increased its stake in shares of Plexus by 36,700.0% during the second quarter. Quest Partners LLC now owns 368 shares of the technology company’s stock worth $38,000 after purchasing an additional 367 shares during the period. Innealta Capital LLC acquired a new stake in shares of Plexus during the second quarter worth $51,000. GAMMA Investing LLC boosted its position in shares of Plexus by 190.1% in the third quarter. GAMMA Investing LLC now owns 760 shares of the technology company’s stock valued at $104,000 after acquiring an additional 498 shares during the period. EntryPoint Capital LLC grew its stake in shares of Plexus by 56.2% in the first quarter. EntryPoint Capital LLC now owns 976 shares of the technology company’s stock valued at $93,000 after acquiring an additional 351 shares in the last quarter. Finally, nVerses Capital LLC bought a new position in Plexus during the third quarter worth about $178,000. 94.45% of the stock is currently owned by institutional investors and hedge funds.

Plexus Stock Performance

Shares of NASDAQ:PLXS opened at $141.19 on Friday. Plexus Corp. has a 1 year low of $88.57 and a 1 year high of $153.60. The stock has a market capitalization of $3.84 billion, a price-to-earnings ratio of 35.56 and a beta of 0.89. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.47 and a quick ratio of 0.64. The company’s 50 day simple moving average is $130.82 and its 200 day simple moving average is $116.26.

Plexus (NASDAQ:PLXS) last posted its quarterly earnings results on Wednesday, October 23rd. The technology company reported $1.85 EPS for the quarter, topping analysts’ consensus estimates of $1.55 by $0.30. The company had revenue of $1.05 billion during the quarter, compared to analysts’ expectations of $1.01 billion. Plexus had a return on equity of 9.64% and a net margin of 2.82%. Plexus’s revenue was up 2.6% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.44 EPS. As a group, research analysts predict that Plexus Corp. will post 3.74 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, CEO Todd P. Kelsey sold 1,000 shares of the company’s stock in a transaction that occurred on Friday, August 16th. The shares were sold at an average price of $123.75, for a total transaction of $123,750.00. Following the completion of the transaction, the chief executive officer now directly owns 87,026 shares in the company, valued at $10,769,467.50. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In other Plexus news, insider Steven J. Frisch sold 6,048 shares of the stock in a transaction dated Friday, August 16th. The stock was sold at an average price of $123.99, for a total value of $749,891.52. Following the completion of the transaction, the insider now directly owns 30,070 shares in the company, valued at approximately $3,728,379.30. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Todd P. Kelsey sold 1,000 shares of the business’s stock in a transaction dated Friday, August 16th. The stock was sold at an average price of $123.75, for a total value of $123,750.00. Following the sale, the chief executive officer now owns 87,026 shares in the company, valued at approximately $10,769,467.50. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 20,113 shares of company stock valued at $2,541,394. 2.39% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of analysts have issued reports on PLXS shares. Benchmark reissued a “buy” rating and issued a $150.00 price objective on shares of Plexus in a report on Monday, October 21st. KeyCorp initiated coverage on Plexus in a research report on Tuesday, October 22nd. They set a “sector weight” rating on the stock. Finally, Needham & Company LLC lifted their price objective on Plexus from $144.00 to $162.00 and gave the company a “buy” rating in a report on Friday. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $129.75.

Plexus Company 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.