Uncommon Cents Investing LLC Sells 325 Shares of Plexus Corp. (NASDAQ:PLXS)

Uncommon Cents Investing LLC lowered its position in Plexus Corp. (NASDAQ:PLXS) by 3.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 10,560 shares of the technology company’s stock after selling 325 shares during the period. Uncommon Cents Investing LLC’s holdings in Plexus were worth $1,652,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Hennion & Walsh Asset Management Inc. lifted its holdings in shares of Plexus by 59.0% in the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 3,445 shares of the technology company’s stock worth $539,000 after purchasing an additional 1,278 shares in the last quarter. USA Financial Formulas acquired a new position in Plexus during the fourth quarter worth $56,000. Wealth Enhancement Advisory Services LLC lifted its stake in shares of Plexus by 17.2% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 1,779 shares of the technology company’s stock valued at $278,000 after buying an additional 261 shares in the last quarter. Diversified Trust Co grew its holdings in shares of Plexus by 8.3% during the fourth quarter. Diversified Trust Co now owns 3,789 shares of the technology company’s stock valued at $593,000 after buying an additional 289 shares during the last quarter. Finally, GAMMA Investing LLC increased its position in shares of Plexus by 17.2% during the fourth quarter. GAMMA Investing LLC now owns 891 shares of the technology company’s stock worth $139,000 after acquiring an additional 131 shares in the last quarter. Institutional investors and hedge funds own 94.45% of the company’s stock.

Insider Buying and Selling

In other news, insider Victor (Pang Hau) Tan sold 3,000 shares of the stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $165.90, for a total transaction of $497,700.00. Following the completion of the transaction, the insider now owns 5,605 shares in the company, valued at approximately $929,869.50. This represents a 34.86 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Todd P. Kelsey sold 1,500 shares of the business’s stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $156.39, for a total value of $234,585.00. Following the completion of the sale, the chief executive officer now owns 74,271 shares in the company, 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. In the last quarter, insiders have sold 34,091 shares of company stock valued at $5,377,960. 1.76% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the company. KeyCorp began coverage on Plexus in a research note on Tuesday, October 22nd. They set a “sector weight” rating for the company. Benchmark lifted their target price on Plexus from $150.00 to $165.00 and gave the company a “buy” rating in a research report on Monday, October 28th. Needham & Company LLC increased their price target on Plexus from $144.00 to $162.00 and gave the company a “buy” rating in a research report on Friday, October 25th. Stifel Nicolaus lifted their price objective on shares of Plexus from $136.00 to $150.00 and gave the stock a “hold” rating in a report on Tuesday, December 10th. Finally, StockNews.com upgraded shares of Plexus from a “hold” rating to a “buy” rating in a report on Monday, November 18th. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $159.00.

Plexus Stock Up 1.5 %

Shares of NASDAQ:PLXS opened at $167.36 on Monday. Plexus Corp. has a 1 year low of $90.18 and a 1 year high of $170.07. The company has a market capitalization of $4.53 billion, a PE ratio of 41.74 and a beta of 0.91. The business has a fifty day moving average price of $161.73 and a two-hundred day moving average price of $140.12. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.51 and a quick ratio of 0.71.

Plexus (NASDAQ:PLXS) last posted its quarterly earnings results on Wednesday, October 23rd. The technology company reported $1.85 earnings per share for the quarter, beating the consensus estimate of $1.55 by $0.30. The company had revenue of $1.05 billion during the quarter, compared to analyst estimates of $1.01 billion. Plexus had a net margin of 2.82% and a return on equity of 9.51%. The firm’s revenue for the quarter was up 2.6% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.44 earnings per share. Analysts forecast that Plexus Corp. will post 6.13 earnings per share 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.