Plexus Corp. (NASDAQ:PLXS) Shares Sold by Uncommon Cents Investing LLC

Uncommon Cents Investing LLC reduced its stake in shares of Plexus Corp. (NASDAQ:PLXS) by 3.3% during the 4th quarter, Holdings Channel.com reports. The firm owned 11,020 shares of the technology company’s stock after selling 375 shares during the period. Uncommon Cents Investing LLC’s holdings in Plexus were worth $1,192,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Citigroup Inc. lifted its stake in shares of Plexus by 8.3% in the first quarter. Citigroup Inc. now owns 24,447 shares of the technology company’s stock valued at $2,000,000 after purchasing an additional 1,870 shares during the period. Bank of Montreal Can lifted its position in shares of Plexus by 7.5% during the 1st quarter. Bank of Montreal Can now owns 8,488 shares of the technology company’s stock valued at $716,000 after acquiring an additional 592 shares during the period. MetLife Investment Management LLC boosted its stake in shares of Plexus by 54.1% during the 1st quarter. MetLife Investment Management LLC now owns 14,788 shares of the technology company’s stock worth $1,210,000 after acquiring an additional 5,189 shares in the last quarter. Rhumbline Advisers boosted its stake in shares of Plexus by 5.4% during the 1st quarter. Rhumbline Advisers now owns 79,836 shares of the technology company’s stock worth $6,531,000 after acquiring an additional 4,057 shares in the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its holdings in shares of Plexus by 13.4% in the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 24,222 shares of the technology company’s stock worth $1,982,000 after acquiring an additional 2,871 shares during the period. 94.45% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts have commented on PLXS shares. Benchmark reiterated a “buy” rating and set a $110.00 target price on shares of Plexus in a research report on Wednesday, January 17th. Needham & Company LLC decreased their price objective on shares of Plexus from $110.00 to $107.00 and set a “buy” rating on the stock in a research report on Thursday, January 25th. TheStreet downgraded shares of Plexus from a “b” rating to a “c+” rating in a report on Tuesday, February 13th. Finally, Sidoti downgraded shares of Plexus from a “buy” rating to a “neutral” rating and set a $112.00 price target on the stock. in a report on Tuesday, January 9th. Two analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, Plexus presently has an average rating of “Moderate Buy” and an average price target of $109.67.

Insider Buying and Selling

In other Plexus news, CEO Todd P. Kelsey sold 2,000 shares of the business’s stock in a transaction on Tuesday, January 2nd. The stock was sold at an average price of $105.60, for a total value of $211,200.00. Following the completion of the transaction, the chief executive officer now directly owns 106,900 shares in the company, valued at approximately $11,288,640. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Plexus news, CEO Todd P. Kelsey sold 2,500 shares of the firm’s stock in a transaction dated Monday, February 26th. The stock was sold at an average price of $94.47, for a total value of $236,175.00. Following the sale, the chief executive officer now directly owns 125,310 shares of the company’s stock, valued at approximately $11,838,035.70. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Todd P. Kelsey sold 2,000 shares of the stock in a transaction dated Tuesday, January 2nd. The stock was sold at an average price of $105.60, for a total transaction of $211,200.00. Following the transaction, the chief executive officer now owns 106,900 shares in the company, valued at $11,288,640. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 34,453 shares of company stock worth $3,324,075. 2.39% of the stock is owned by insiders.

Plexus Stock Up 1.6 %

PLXS opened at $94.82 on Friday. The firm has a market cap of $2.62 billion, a P/E ratio of 21.12 and a beta of 1.02. The business’s fifty day simple moving average is $94.62 and its 200 day simple moving average is $97.81. Plexus Corp. has a 52 week low of $83.84 and a 52 week high of $114.06. The company has a quick ratio of 0.62, a current ratio of 1.52 and a debt-to-equity ratio of 0.15.

Plexus (NASDAQ:PLXS) last released its earnings results on Thursday, January 25th. The technology company reported $1.04 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.05 by ($0.01). The firm had revenue of $982.61 million during the quarter, compared to analysts’ expectations of $982.57 million. Plexus had a net margin of 3.08% and a return on equity of 12.16%. Plexus’s revenue for the quarter was down 10.2% on a year-over-year basis. During the same quarter last year, the company posted $1.49 earnings per share. As a group, equities research analysts anticipate that Plexus Corp. will post 4.25 EPS for the current fiscal year.

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.