Plexus Corp. (NASDAQ:PLXS) Shares Acquired by Disciplined Growth Investors Inc. MN

Disciplined Growth Investors Inc. MN lifted its holdings in shares of Plexus Corp. (NASDAQ:PLXS) by 2.8% in the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 2,168,512 shares of the technology company’s stock after buying an additional 59,465 shares during the quarter. Plexus makes up approximately 5.6% of Disciplined Growth Investors Inc. MN’s investment portfolio, making the stock its 2nd largest position. Disciplined Growth Investors Inc. MN owned approximately 0.08% of Plexus worth $296,457,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in PLXS. American Century Companies Inc. boosted its holdings in Plexus by 204.3% in the 2nd quarter. American Century Companies Inc. now owns 158,032 shares of the technology company’s stock valued at $16,306,000 after purchasing an additional 106,103 shares in the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. boosted its holdings in 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 purchasing an additional 87,574 shares in the last quarter. Assenagon Asset Management S.A. boosted its holdings in Plexus by 158.0% in the 3rd quarter. Assenagon Asset Management S.A. now owns 82,575 shares of the technology company’s stock valued at $11,289,000 after purchasing an additional 50,564 shares in the last quarter. Algert Global LLC boosted its holdings in Plexus by 1,546.5% in the 3rd quarter. Algert Global LLC now owns 45,790 shares of the technology company’s stock valued at $6,260,000 after purchasing an additional 43,009 shares in the last quarter. Finally, Speece Thorson Capital Group Inc. boosted its holdings in Plexus by 197.1% in the 2nd quarter. Speece Thorson Capital Group Inc. now owns 50,498 shares of the technology company’s stock valued at $5,210,000 after purchasing an additional 33,501 shares in the last quarter. Institutional investors and hedge funds own 94.45% of the company’s stock.

Plexus Trading Up 1.4 %

Shares of Plexus stock opened at $167.94 on Tuesday. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.51 and a quick ratio of 0.71. Plexus Corp. has a 1 year low of $90.18 and a 1 year high of $170.07. The company has a market capitalization of $4.55 billion, a P/E ratio of 41.88 and a beta of 0.90. The business has a 50 day moving average price of $150.32 and a 200 day moving average price of $128.61.

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. Plexus had a return on equity of 9.51% and a net margin of 2.82%. The firm had revenue of $1.05 billion during the quarter, compared to the consensus estimate of $1.01 billion. During the same period in the previous year, the firm posted $1.44 EPS. The company’s quarterly revenue was up 2.6% compared to the same quarter last year. Sell-side analysts anticipate that Plexus Corp. will post 6.14 EPS for the current fiscal year.

Wall Street Analyst Weigh In

PLXS has been the topic of a number of analyst reports. KeyCorp assumed coverage on Plexus in a report on Tuesday, October 22nd. They issued a “sector weight” rating on the stock. StockNews.com raised Plexus from a “hold” rating to a “buy” rating in a research note on Monday, November 18th. Needham & Company LLC boosted their price target on Plexus from $144.00 to $162.00 and gave the stock a “buy” rating in a research note on Friday, October 25th. Finally, Benchmark boosted their price target on Plexus from $150.00 to $165.00 and gave the stock a “buy” rating in a research note on Monday, October 28th. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $133.50.

Insider Buying and Selling

In other Plexus news, insider Michael J. Running sold 579 shares of the business’s stock in a transaction on Thursday, November 14th. The stock was sold at an average price of $153.93, for a total value of $89,125.47. Following the completion of the transaction, the insider now directly owns 1,569 shares in the company, valued at approximately $241,516.17. The trade was a 26.96 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CAO Angelo Michael Ninivaggi, Jr. sold 3,113 shares of the business’s stock in a transaction on Tuesday, October 29th. The shares were sold at an average price of $144.19, for a total value 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 $5,093,223.37. This trade represents a 8.10 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 32,591 shares of company stock worth $5,143,375 in the last ninety days. Insiders own 2.39% of the company’s stock.

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.