Public Employees Retirement Association of Colorado Has $373,000 Stake in Plexus Corp. (NASDAQ:PLXS)

Public Employees Retirement Association of Colorado cut its position in Plexus Corp. (NASDAQ:PLXS) by 11.1% in the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 3,611 shares of the technology company’s stock after selling 449 shares during the quarter. Public Employees Retirement Association of Colorado’s holdings in Plexus were worth $373,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Parallel Advisors LLC boosted its stake in shares of Plexus by 72.3% in the 4th quarter. Parallel Advisors LLC now owns 348 shares of the technology company’s stock valued at $38,000 after purchasing an additional 146 shares in the last quarter. Quest Partners LLC increased its holdings in shares of Plexus by 36,700.0% during the second quarter. Quest Partners LLC now owns 368 shares of the technology company’s stock worth $38,000 after buying an additional 367 shares in the last quarter. Innealta Capital LLC bought a new position in shares of Plexus in the 2nd quarter valued at $51,000. EntryPoint Capital LLC boosted its holdings in shares of Plexus by 56.2% during the 1st quarter. EntryPoint Capital LLC now owns 976 shares of the technology company’s stock valued at $93,000 after acquiring an additional 351 shares in the last quarter. Finally, Signaturefd LLC increased its holdings in Plexus by 12.0% in the 2nd quarter. Signaturefd LLC now owns 1,705 shares of the technology company’s stock worth $176,000 after purchasing an additional 183 shares in the last quarter. Institutional investors own 94.45% of the company’s stock.

Analyst Ratings Changes

PLXS has been the topic of a number of recent research reports. Needham & Company LLC lifted their price target on Plexus from $114.00 to $144.00 and gave the company a “buy” rating in a research note on Friday, July 26th. Benchmark raised their price objective on shares of Plexus from $120.00 to $145.00 and gave the company a “buy” rating in a report on Monday, July 29th. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat, Plexus currently has an average rating of “Hold” and an average target price of $124.00.

Plexus Stock Up 0.3 %

Shares of NASDAQ:PLXS opened at $136.44 on Friday. The firm has a market cap of $3.74 billion, a P/E ratio of 37.69 and a beta of 0.89. Plexus Corp. has a 12-month low of $87.21 and a 12-month high of $138.20. The business has a fifty day simple moving average of $124.65 and a 200 day simple moving average of $110.14. The company has a quick ratio of 0.64, a current ratio of 1.47 and a debt-to-equity ratio of 0.07.

Plexus (NASDAQ:PLXS) last issued its quarterly earnings data on Wednesday, July 24th. The technology company reported $1.45 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.28 by $0.17. Plexus had a return on equity of 9.64% and a net margin of 2.82%. The company had revenue of $960.70 million during the quarter, compared to the consensus estimate of $981.32 million. During the same period last year, the company earned $1.32 earnings per share. The firm’s revenue was down 6.0% compared to the same quarter last year. Analysts predict that Plexus Corp. will post 3.74 earnings per share for the current year.

Insider Transactions at Plexus

In related news, CEO Todd P. Kelsey sold 1,656 shares of Plexus stock in a transaction on Tuesday, July 16th. The shares were sold at an average price of $115.00, for a total transaction of $190,440.00. Following the completion of the transaction, the chief executive officer now owns 96,682 shares of the company’s stock, valued at $11,118,430. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other news, CEO Todd P. Kelsey sold 1,656 shares of Plexus stock in a transaction dated Tuesday, July 16th. The stock was sold at an average price of $115.00, for a total value of $190,440.00. Following the completion of the transaction, the chief executive officer now directly owns 96,682 shares of the company’s stock, valued at approximately $11,118,430. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Victor (Pang Hau) Tan sold 1,000 shares of the business’s stock in a transaction dated Wednesday, August 28th. The shares were sold at an average price of $127.50, for a total value of $127,500.00. Following the completion of the transaction, the insider now directly owns 8,605 shares in the company, valued at $1,097,137.50. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 21,769 shares of company stock worth $2,731,834. Company insiders own 2.39% of the company’s stock.

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.