Xponance Inc. Buys 424 Shares of Plexus Corp. (NASDAQ:PLXS)

Xponance Inc. boosted its stake in shares of Plexus Corp. (NASDAQ:PLXS) by 23.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,209 shares of the technology company’s stock after purchasing an additional 424 shares during the period. Xponance Inc.’s holdings in Plexus were worth $346,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in PLXS. Kennondale Capital Management LLC purchased a new stake in Plexus during the fourth quarter valued at approximately $1,378,000. Tocqueville Asset Management L.P. lifted its holdings in shares of Plexus by 1.8% in the fourth quarter. Tocqueville Asset Management L.P. now owns 5,907 shares of the technology company’s stock worth $924,000 after buying an additional 107 shares in the last quarter. Cibc World Markets Corp bought a new position in shares of Plexus during the fourth quarter worth $392,000. Royce & Associates LP purchased a new position in Plexus during the fourth quarter valued at $493,000. Finally, Connor Clark & Lunn Investment Management Ltd. bought a new stake in Plexus in the 4th quarter valued at $1,380,000. Hedge funds and other institutional investors own 94.45% of the company’s stock.

Insider Activity

In related news, CEO Todd P. Kelsey sold 1,500 shares of the company’s stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $156.39, for a total transaction of $234,585.00. Following the transaction, the chief executive officer now directly owns 74,271 shares in the company, valued at approximately $11,615,241.69. This represents a 1.98 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Randy J. Martinez sold 887 shares of the firm’s stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $140.52, for a total transaction of $124,641.24. Following the completion of the sale, the director now directly owns 4,831 shares of the company’s stock, valued at approximately $678,852.12. The trade was a 15.51 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 19,458 shares of company stock valued at $2,786,515. 1.76% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on PLXS. Benchmark restated a “buy” rating and set a $165.00 price objective on shares of Plexus in a research report on Wednesday, January 22nd. Stifel Nicolaus started coverage on Plexus in a report on Tuesday, February 4th. They set a “hold” rating and a $152.00 price target for the company. Finally, Needham & Company LLC upped their price objective on Plexus from $162.00 to $172.00 and gave the stock a “buy” rating in a report on Friday, January 24th. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $163.00.

Plexus Stock Down 0.2 %

Shares of NASDAQ:PLXS opened at $129.99 on Friday. The company has a market cap of $3.51 billion, a price-to-earnings ratio of 30.16 and a beta of 0.90. Plexus Corp. has a 12 month low of $92.72 and a 12 month high of $172.89. The company has a current ratio of 1.53, a quick ratio of 0.70 and a debt-to-equity ratio of 0.07. The company has a 50-day moving average price of $137.39 and a 200 day moving average price of $145.65.

Plexus (NASDAQ:PLXS) last announced its earnings results on Wednesday, January 22nd. The technology company reported $1.49 EPS for the quarter, missing analysts’ consensus estimates of $1.59 by ($0.10). Plexus had a return on equity of 10.36% and a net margin of 3.03%. As a group, equities research analysts predict that Plexus Corp. will post 5.9 earnings per share for the current year.

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.