New Age Alpha Advisors LLC Makes New $339,000 Investment in Plexus Corp. (NASDAQ:PLXS)

New Age Alpha Advisors LLC acquired a new stake in Plexus Corp. (NASDAQ:PLXS) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 2,167 shares of the technology company’s stock, valued at approximately $339,000.

Several other institutional investors have also recently modified their holdings of PLXS. Citigroup Inc. increased its holdings in Plexus by 65.9% in the 3rd quarter. Citigroup Inc. now owns 35,569 shares of the technology company’s stock worth $4,863,000 after buying an additional 14,129 shares during the period. Cerity Partners LLC increased its stake in shares of Plexus by 41.2% in the third quarter. Cerity Partners LLC now owns 8,602 shares of the technology company’s stock worth $1,176,000 after acquiring an additional 2,511 shares during the period. FMR LLC raised its holdings in shares of Plexus by 614.2% during the third quarter. FMR LLC now owns 13,941 shares of the technology company’s stock worth $1,906,000 after purchasing an additional 11,989 shares during the last quarter. BNP Paribas Financial Markets lifted its position in Plexus by 35.2% during the third quarter. BNP Paribas Financial Markets now owns 9,880 shares of the technology company’s stock valued at $1,351,000 after purchasing an additional 2,573 shares during the period. Finally, Bridgewater Associates LP purchased a new stake in Plexus in the third quarter valued at $664,000. 94.45% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the company. Needham & Company LLC boosted their price objective on Plexus from $162.00 to $172.00 and gave the company a “buy” rating in a report on Friday, January 24th. Stifel Nicolaus started coverage on Plexus in a report on Tuesday, February 4th. They issued a “hold” rating and a $152.00 price target for the company. Finally, Benchmark reaffirmed a “buy” rating and set a $165.00 price objective on shares of Plexus in a research note on Wednesday, January 22nd. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $163.00.

Plexus Stock Down 0.6 %

Plexus stock opened at $127.42 on Wednesday. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.53 and a quick ratio of 0.70. The stock has a market capitalization of $3.45 billion, a PE ratio of 29.56 and a beta of 0.90. The business has a 50 day simple moving average of $134.96 and a 200-day simple moving average of $146.08. Plexus Corp. has a 12 month low of $92.72 and a 12 month high of $172.89.

Plexus (NASDAQ:PLXS) last posted its quarterly earnings data on Wednesday, January 22nd. The technology company reported $1.49 earnings per share 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%. On average, analysts anticipate that Plexus Corp. will post 5.9 EPS for the current fiscal year.

Insider Buying and Selling

In other Plexus news, CEO Todd P. Kelsey sold 4,337 shares of Plexus stock in a transaction on Wednesday, February 5th. The shares were sold at an average price of $142.23, for a total transaction of $616,851.51. Following the sale, the chief executive officer now owns 80,595 shares of the company’s stock, valued at $11,463,026.85. The trade was a 5.11 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Patrick John Jermain sold 3,361 shares of the stock in a transaction dated Monday, January 27th. The shares were sold at an average price of $144.57, for a total transaction of $485,899.77. Following the completion of the sale, the chief financial officer now owns 20,745 shares of the company’s stock, valued at $2,999,104.65. This trade represents a 13.94 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 19,458 shares of company stock worth $2,786,515. Insiders own 1.76% 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.