Farther Finance Advisors LLC Grows Position in Plexus Corp. (NASDAQ:PLXS)

Farther Finance Advisors LLC raised its stake in Plexus Corp. (NASDAQ:PLXS) by 89.4% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 464 shares of the technology company’s stock after purchasing an additional 219 shares during the quarter. Farther Finance Advisors LLC’s holdings in Plexus were worth $63,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Vanguard Group Inc. grew its stake in shares of Plexus by 2.2% in the 1st quarter. Vanguard Group Inc. now owns 3,515,866 shares of the technology company’s stock valued at $333,374,000 after purchasing an additional 74,988 shares during the last quarter. Disciplined Growth Investors Inc. MN grew its stake in shares of Plexus by 0.3% in the 2nd quarter. Disciplined Growth Investors Inc. MN now owns 2,109,047 shares of the technology company’s stock valued at $217,611,000 after purchasing an additional 7,245 shares during the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. lifted its holdings in shares of Plexus by 8.8% in the 2nd quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 1,079,340 shares of the technology company’s stock valued at $111,366,000 after buying an additional 87,574 shares during the period. Earnest Partners LLC lifted its holdings in shares of Plexus by 3.0% in the 2nd quarter. Earnest Partners LLC now owns 788,196 shares of the technology company’s stock valued at $81,326,000 after buying an additional 23,074 shares during the period. Finally, Bank of New York Mellon Corp lifted its holdings in shares of Plexus by 7.4% in the 2nd quarter. Bank of New York Mellon Corp now owns 453,308 shares of the technology company’s stock valued at $46,772,000 after buying an additional 31,099 shares during the period. 94.45% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts have recently commented on PLXS shares. Needham & Company LLC raised their price target on Plexus from $144.00 to $162.00 and gave the company a “buy” rating in a report on Friday, October 25th. Benchmark raised their price target on Plexus from $150.00 to $165.00 and gave the company a “buy” rating in a report on Monday, October 28th. KeyCorp started coverage on Plexus in a report on Tuesday, October 22nd. They issued a “sector weight” rating for the company. Finally, StockNews.com cut Plexus from a “buy” rating to a “hold” rating in a report on Wednesday, November 6th. Four investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $133.50.

Plexus Stock Performance

Shares of PLXS stock opened at $155.88 on Thursday. The stock has a fifty day moving average price of $138.13 and a 200 day moving average price of $121.57. The stock has a market cap of $4.24 billion, a PE ratio of 38.87 and a beta of 0.87. Plexus Corp. has a 1 year low of $90.18 and a 1 year high of $169.41. The company has a debt-to-equity ratio of 0.07, a quick ratio of 0.71 and a current ratio of 1.51.

Plexus (NASDAQ:PLXS) last issued its quarterly earnings data on Wednesday, October 23rd. The technology company reported $1.85 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.55 by $0.30. The firm had revenue of $1.05 billion during the quarter, compared to analysts’ expectations of $1.01 billion. Plexus had a return on equity of 9.51% and a net margin of 2.82%. Plexus’s revenue was up 2.6% on a year-over-year basis. During the same period in the previous year, the firm posted $1.44 earnings per share. Sell-side analysts forecast that Plexus Corp. will post 6.13 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Plexus news, CAO Angelo Michael Ninivaggi, Jr. sold 3,113 shares of the firm’s stock in a transaction on Tuesday, October 29th. The stock was sold at an average price of $144.19, for a total transaction of $448,863.47. Following the completion of the transaction, the chief accounting officer now owns 35,323 shares of the company’s stock, valued at approximately $5,093,223.37. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. In other Plexus news, CAO Angelo Michael Ninivaggi, Jr. sold 3,113 shares of the firm’s stock in a transaction on Tuesday, October 29th. The stock was sold at an average price of $144.19, for a total transaction of $448,863.47. Following the completion of the transaction, the chief accounting officer now owns 35,323 shares of the company’s stock, valued at approximately $5,093,223.37. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Todd P. Kelsey sold 1,000 shares of the firm’s stock in a transaction on Friday, August 16th. The stock was sold at an average price of $123.75, for a total value of $123,750.00. Following the transaction, the chief executive officer now directly owns 87,026 shares of the company’s stock, valued at $10,769,467.50. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 42,021 shares of company stock valued at $6,285,388. 2.39% of the stock is owned by insiders.

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.