Plexus Corp. (NASDAQ:PLXS) Shares Sold by Arizona State Retirement System

Arizona State Retirement System trimmed its holdings in shares of Plexus Corp. (NASDAQ:PLXS) by 2.4% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 7,683 shares of the technology company’s stock after selling 188 shares during the period. Arizona State Retirement System’s holdings in Plexus were worth $831,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. McGlone Suttner Wealth Management Inc. acquired a new stake in shares of Plexus in the 4th quarter worth about $66,000. Tower Research Capital LLC TRC increased its holdings in shares of Plexus by 680.8% in the 1st quarter. Tower Research Capital LLC TRC now owns 773 shares of the technology company’s stock worth $75,000 after acquiring an additional 674 shares during the period. UBS Group AG increased its holdings in shares of Plexus by 294.9% in the 3rd quarter. UBS Group AG now owns 924 shares of the technology company’s stock worth $81,000 after acquiring an additional 690 shares during the period. Avior Wealth Management LLC acquired a new stake in shares of Plexus in the 3rd quarter worth about $91,000. Finally, Lazard Asset Management LLC acquired a new stake in shares of Plexus in the 4th quarter worth about $111,000. 94.45% of the stock is owned by institutional investors and hedge funds.

Plexus Stock Performance

NASDAQ:PLXS opened at $93.68 on Thursday. Plexus Corp. has a twelve month low of $83.84 and a twelve month high of $114.06. The company has a current ratio of 1.52, a quick ratio of 0.62 and a debt-to-equity ratio of 0.15. The company has a 50-day moving average of $94.52 and a 200-day moving average of $98.32. The firm has a market cap of $2.59 billion, a price-to-earnings ratio of 20.86 and a beta of 1.02.

Plexus (NASDAQ:PLXS) last posted its quarterly earnings data on Thursday, January 25th. The technology company reported $1.04 earnings per share for the quarter, missing the consensus estimate of $1.05 by ($0.01). Plexus had a net margin of 3.08% and a return on equity of 12.16%. The business had revenue of $982.61 million for the quarter, compared to the consensus estimate of $982.57 million. During the same quarter last year, the business posted $1.49 EPS. The business’s revenue for the quarter was down 10.2% on a year-over-year basis. Analysts forecast that Plexus Corp. will post 4.25 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts recently issued reports on PLXS shares. Benchmark reiterated a “buy” rating and issued a $110.00 target price on shares of Plexus in a research report on Wednesday, January 17th. Needham & Company LLC decreased their target price on shares of Plexus from $110.00 to $107.00 and set a “buy” rating for the company in a research report on Thursday, January 25th. TheStreet lowered shares of Plexus from a “b” rating to a “c+” rating in a research report on Tuesday, February 13th. Finally, Sidoti lowered shares of Plexus from a “buy” rating to a “neutral” rating and set a $112.00 target price for the company. in a research report on Tuesday, January 9th. Two research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $109.67.

Insiders Place Their Bets

In other Plexus news, CFO Patrick John Jermain sold 2,532 shares of the firm’s stock in a transaction dated Monday, January 29th. The shares were sold at an average price of $92.51, for a total value of $234,235.32. Following the completion of the transaction, the chief financial officer now directly owns 54,651 shares in the company, valued at $5,055,764.01. The sale was disclosed in a filing with the SEC, which is accessible through this link. In other Plexus news, insider Michael J. Running sold 542 shares of the firm’s stock in a transaction dated Tuesday, January 30th. The shares were sold at an average price of $95.60, for a total value of $51,815.20. Following the completion of the transaction, the insider now directly owns 1,569 shares in the company, valued at $149,996.40. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CFO Patrick John Jermain sold 2,532 shares of the firm’s stock in a transaction dated Monday, January 29th. The stock was sold at an average price of $92.51, for a total transaction of $234,235.32. Following the completion of the transaction, the chief financial officer now owns 54,651 shares of the company’s stock, valued at $5,055,764.01. The disclosure for this sale can be found here. Insiders sold a total of 32,453 shares of company stock worth $3,112,875 over the last ninety days. 2.39% of the stock is currently owned by company insiders.

Plexus 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.