Nicolet Advisory Services LLC Trims Holdings in Plexus Corp. (NASDAQ:PLXS)

Nicolet Advisory Services LLC cut its stake in Plexus Corp. (NASDAQ:PLXS) by 2.7% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 5,644 shares of the technology company’s stock after selling 156 shares during the quarter. Nicolet Advisory Services LLC’s holdings in Plexus were worth $554,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Parallel Advisors LLC boosted its stake in Plexus by 72.3% during the fourth quarter. Parallel Advisors LLC now owns 348 shares of the technology company’s stock valued at $38,000 after buying an additional 146 shares during the period. Congress Asset Management Co. MA boosted its stake in Plexus by 1.1% during the first quarter. Congress Asset Management Co. MA now owns 16,273 shares of the technology company’s stock valued at $1,543,000 after buying an additional 184 shares during the period. Moran Wealth Management LLC boosted its stake in Plexus by 0.5% during the fourth quarter. Moran Wealth Management LLC now owns 48,809 shares of the technology company’s stock valued at $5,278,000 after buying an additional 230 shares during the period. Inspire Investing LLC boosted its stake in Plexus by 6.7% during the first quarter. Inspire Investing LLC now owns 3,803 shares of the technology company’s stock valued at $361,000 after buying an additional 238 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in Plexus by 6.1% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,267 shares of the technology company’s stock valued at $678,000 after buying an additional 363 shares during the period. 94.45% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Plexus

In related news, CEO Todd P. Kelsey sold 1,000 shares of the business’s stock in a transaction dated Monday, April 29th. The stock was sold at an average price of $102.10, for a total transaction of $102,100.00. Following the transaction, the chief executive officer now owns 113,810 shares in the company, valued at approximately $11,620,001. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other Plexus news, CEO Todd P. Kelsey sold 1,656 shares of the company’s stock in a transaction that occurred on Tuesday, July 16th. The stock was sold at an average price of $115.00, for a total transaction of $190,440.00. Following the transaction, the chief executive officer now owns 96,682 shares in the company, valued at approximately $11,118,430. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Todd P. Kelsey sold 1,000 shares of the company’s stock in a transaction that occurred on Monday, April 29th. The stock was sold at an average price of $102.10, for a total value of $102,100.00. Following the transaction, the chief executive officer now owns 113,810 shares in the company, valued at approximately $11,620,001. The disclosure for this sale can be found here. Insiders have sold a total of 35,386 shares of company stock worth $3,749,884 in the last 90 days. Company insiders own 2.39% of the company’s stock.

Plexus Trading Down 1.3 %

Shares of PLXS traded down $1.49 during trading hours on Friday, hitting $115.33. The company had a trading volume of 122,521 shares, compared to its average volume of 164,040. The firm has a market cap of $3.16 billion, a P/E ratio of 31.86 and a beta of 0.90. The stock’s 50 day moving average price is $107.32 and its 200 day moving average price is $100.64. The company has a quick ratio of 0.64, a current ratio of 1.51 and a debt-to-equity ratio of 0.15. Plexus Corp. has a 52-week low of $87.21 and a 52-week high of $120.26.

Plexus (NASDAQ:PLXS) last released its quarterly earnings data on Wednesday, April 24th. The technology company reported $0.94 EPS for the quarter, topping the consensus estimate of $0.87 by $0.07. The firm had revenue of $966.90 million for the quarter, compared to the consensus estimate of $950.75 million. Plexus had a return on equity of 10.77% and a net margin of 2.54%. The company’s quarterly revenue was down 9.7% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.45 earnings per share. On average, research analysts predict that Plexus Corp. will post 3.67 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on PLXS shares. Stifel Nicolaus lifted their price objective on Plexus from $90.00 to $95.00 and gave the company a “hold” rating in a research note on Friday, April 26th. Benchmark lifted their price target on Plexus from $110.00 to $120.00 and gave the stock a “buy” rating in a research note on Friday, June 21st. Finally, Needham & Company LLC lifted their price target on Plexus from $107.00 to $114.00 and gave the stock a “buy” rating in a research note on Friday, April 26th. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat.com, Plexus has a consensus rating of “Hold” and an average price target of $110.25.

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.