Avior Wealth Management LLC Purchases 1,134 Shares of Plexus Corp. (NASDAQ:PLXS)

Avior Wealth Management LLC lifted its position in shares of Plexus Corp. (NASDAQ:PLXS) by 115.2% in the 4th quarter, Holdings Channel.com reports. The fund owned 2,118 shares of the technology company’s stock after buying an additional 1,134 shares during the quarter. Avior Wealth Management LLC’s holdings in Plexus were worth $229,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in PLXS. McGlone Suttner Wealth Management Inc. bought a new stake in shares of Plexus during the fourth quarter valued at approximately $66,000. Tower Research Capital LLC TRC grew its position in Plexus by 680.8% in the 1st quarter. Tower Research Capital LLC TRC now owns 773 shares of the technology company’s stock worth $75,000 after purchasing an additional 674 shares during the period. UBS Group AG grew its position in Plexus by 294.9% in the 3rd quarter. UBS Group AG now owns 924 shares of the technology company’s stock worth $81,000 after purchasing an additional 690 shares during the period. Lazard Asset Management LLC bought a new stake in Plexus in the 4th quarter worth approximately $111,000. Finally, FMR LLC grew its position in Plexus by 9.4% in the 3rd quarter. FMR LLC now owns 1,343 shares of the technology company’s stock worth $125,000 after purchasing an additional 115 shares during the period. Institutional investors own 94.45% of the company’s stock.

Analyst Upgrades and Downgrades

PLXS has been the subject of a number of research analyst reports. Benchmark reaffirmed a “buy” rating and issued a $110.00 target price on shares of Plexus in a research report on Wednesday, January 17th. TheStreet downgraded shares of Plexus from a “b” rating to a “c+” rating in a research report on Tuesday, February 13th. Sidoti downgraded shares of Plexus from a “buy” rating to a “neutral” rating and set a $112.00 target price for the company. in a research report on Tuesday, January 9th. Finally, Needham & Company LLC dropped their price target on shares of Plexus from $110.00 to $107.00 and set a “buy” rating on the stock in a research note on Thursday, January 25th. Two equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $109.67.

Insider Activity at Plexus

In related news, CFO Patrick John Jermain sold 4,399 shares of Plexus stock in a transaction on Monday, February 12th. The shares were sold at an average price of $99.86, for a total transaction of $439,284.14. Following the transaction, the chief financial officer now owns 45,504 shares in the company, valued at approximately $4,544,029.44. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In related news, CFO Patrick John Jermain sold 4,399 shares of Plexus stock in a transaction on Monday, February 12th. The shares were sold at an average price of $99.86, for a total transaction of $439,284.14. Following the transaction, the chief financial officer now owns 45,504 shares in the company, valued at approximately $4,544,029.44. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CAO Angelo Michael Ninivaggi, Jr. sold 3,694 shares of Plexus stock in a transaction on Thursday, February 15th. The shares were sold at an average price of $97.18, for a total transaction of $358,982.92. Following the transaction, the chief accounting officer now owns 40,875 shares in the company, valued at approximately $3,972,232.50. The disclosure for this sale can be found here. In the last quarter, insiders have sold 32,453 shares of company stock worth $3,112,875. 2.39% of the stock is owned by corporate insiders.

Plexus Trading Up 0.1 %

Shares of Plexus stock opened at $93.24 on Friday. The company’s fifty day simple moving average is $94.37 and its 200-day simple moving average is $98.28. The stock has a market capitalization of $2.57 billion, a PE ratio of 20.77 and a beta of 1.02. Plexus Corp. has a 1-year low of $83.84 and a 1-year high of $114.06. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.52 and a quick ratio of 0.62.

Plexus (NASDAQ:PLXS) last released its earnings results on Thursday, January 25th. The technology company reported $1.04 earnings per share for the quarter, missing analysts’ consensus estimates of $1.05 by ($0.01). Plexus had a net margin of 3.08% and a return on equity of 12.16%. The firm had revenue of $982.61 million for the quarter, compared to analysts’ expectations of $982.57 million. During the same quarter last year, the firm posted $1.49 EPS. The firm’s quarterly revenue was down 10.2% compared to the same quarter last year. As a group, equities analysts anticipate that Plexus Corp. will post 4.25 earnings per share for the current year.

Plexus Company 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.