Cetera Trust Company N.A Takes $54,000 Position in Plexus Corp. (NASDAQ:PLXS)

Cetera Trust Company N.A acquired a new stake in shares of Plexus Corp. (NASDAQ:PLXS) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm acquired 500 shares of the technology company’s stock, valued at approximately $54,000.

Several other institutional investors and hedge funds have also recently modified their holdings of PLXS. SG Americas Securities LLC bought a new stake in shares of Plexus during the 3rd quarter valued at $1,301,000. Avior Wealth Management LLC bought a new stake in shares of Plexus during the 3rd quarter valued at $91,000. Integrated Investment Consultants LLC increased its holdings in Plexus by 3.1% in the 3rd quarter. Integrated Investment Consultants LLC now owns 3,848 shares of the technology company’s stock valued at $358,000 after acquiring an additional 116 shares during the last quarter. Boston Trust Walden Corp increased its holdings in Plexus by 38.0% in the 3rd quarter. Boston Trust Walden Corp now owns 397,882 shares of the technology company’s stock valued at $36,995,000 after acquiring an additional 109,536 shares during the last quarter. Finally, GW Henssler & Associates Ltd. bought a new stake in Plexus in the 3rd quarter valued at $204,000. 94.45% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Plexus news, CAO Angelo Michael Ninivaggi, Jr. sold 3,694 shares of Plexus stock in a transaction on Thursday, February 15th. The shares were sold at an average price of $97.18, for a total value of $358,982.92. Following the completion of the transaction, the chief accounting officer now directly owns 40,875 shares of the company’s stock, valued at approximately $3,972,232.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In related news, CAO Angelo Michael Ninivaggi, Jr. sold 3,694 shares of Plexus stock in a transaction dated Thursday, February 15th. The shares were sold at an average price of $97.18, for a total transaction of $358,982.92. Following the completion of the transaction, the chief accounting officer now directly owns 40,875 shares of the company’s stock, valued at approximately $3,972,232.50. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Todd P. Kelsey sold 2,000 shares of Plexus stock in a transaction dated Thursday, February 29th. The stock was sold at an average price of $94.00, for a total transaction of $188,000.00. Following the transaction, the chief executive officer now directly owns 121,310 shares of the company’s stock, valued at $11,403,140. The disclosure for this sale can be found here. Insiders sold 32,453 shares of company stock valued at $3,112,875 in the last three months. Corporate insiders own 2.39% of the company’s stock.

Plexus Stock Performance

Shares of NASDAQ:PLXS opened at $94.19 on Tuesday. Plexus Corp. has a 52 week low of $83.84 and a 52 week high of $114.06. The stock has a market capitalization of $2.60 billion, a P/E ratio of 20.98 and a beta of 1.02. The firm has a fifty day simple moving average of $94.26 and a two-hundred day simple moving average of $98.37. 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 issued its quarterly earnings data on Thursday, January 25th. The technology company reported $1.04 EPS for the quarter, missing analysts’ consensus estimates of $1.05 by ($0.01). Plexus had a return on equity of 12.16% and a net margin of 3.08%. The business had revenue of $982.61 million during the quarter, compared to analysts’ expectations of $982.57 million. During the same period in the previous year, the business earned $1.49 earnings per share. The business’s quarterly revenue was down 10.2% on a year-over-year basis. On average, analysts expect that Plexus Corp. will post 4.25 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on PLXS. Needham & Company LLC reduced their price target on shares of Plexus from $110.00 to $107.00 and set a “buy” rating on the stock in a report on Thursday, January 25th. Benchmark reiterated a “buy” rating and issued a $110.00 price target on shares of Plexus in a report on Wednesday, January 17th. 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. Finally, TheStreet downgraded shares of Plexus from a “b” rating to a “c+” rating in a report on Tuesday, February 13th. Two investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $109.67.

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.