Plexus Corp. (NASDAQ:PLXS) Shares Purchased by BNP Paribas Financial Markets

BNP Paribas Financial Markets raised its position in Plexus Corp. (NASDAQ:PLXS) by 35.2% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 9,880 shares of the technology company’s stock after acquiring an additional 2,573 shares during the quarter. BNP Paribas Financial Markets’ holdings in Plexus were worth $1,351,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of PLXS. Quest Partners LLC increased its position in shares of Plexus by 36,700.0% during the second quarter. Quest Partners LLC now owns 368 shares of the technology company’s stock worth $38,000 after acquiring an additional 367 shares during the last quarter. Farther Finance Advisors LLC grew its stake in Plexus by 89.4% during the 3rd quarter. Farther Finance Advisors LLC now owns 464 shares of the technology company’s stock valued at $63,000 after purchasing an additional 219 shares in the last quarter. Innealta Capital LLC purchased a new stake in Plexus during the 2nd quarter worth approximately $51,000. Advisors Asset Management Inc. raised its position in shares of Plexus by 85.0% in the 3rd quarter. Advisors Asset Management Inc. now owns 664 shares of the technology company’s stock valued at $91,000 after purchasing an additional 305 shares in the last quarter. Finally, GAMMA Investing LLC boosted its stake in shares of Plexus by 190.1% during the 3rd quarter. GAMMA Investing LLC now owns 760 shares of the technology company’s stock valued at $104,000 after buying an additional 498 shares during the last quarter. Institutional investors and hedge funds own 94.45% of the company’s stock.

Insider Buying and Selling

In related news, CAO Angelo Michael Ninivaggi, Jr. sold 3,113 shares of the stock in a transaction dated Tuesday, October 29th. The shares were sold at an average price of $144.19, for a total value of $448,863.47. Following the sale, 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 position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Michael J. Running sold 579 shares of Plexus stock in a transaction dated Thursday, November 14th. The shares were sold at an average price of $153.93, for a total transaction of $89,125.47. Following the completion of the sale, the insider now owns 1,569 shares in the company, valued at approximately $241,516.17. This represents a 26.96 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 32,591 shares of company stock valued at $5,143,375. Insiders own 2.39% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on PLXS. StockNews.com upgraded shares of Plexus from a “hold” rating to a “buy” rating in a research note on Monday, November 18th. Needham & Company LLC upped their target price on shares of Plexus from $144.00 to $162.00 and gave the company a “buy” rating in a research note on Friday, October 25th. Benchmark increased their price target on shares of Plexus from $150.00 to $165.00 and gave the stock a “buy” rating in a research report on Monday, October 28th. Finally, KeyCorp initiated coverage on Plexus in a report on Tuesday, October 22nd. They issued a “sector weight” rating for the company. Three 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 presently has an average rating of “Moderate Buy” and an average price target of $133.50.

Plexus Stock Up 1.4 %

Shares of NASDAQ:PLXS opened at $167.94 on Tuesday. The company’s fifty day moving average is $150.32 and its two-hundred day moving average is $128.61. 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 Corp. has a 1-year low of $90.18 and a 1-year high of $170.07. The stock has a market capitalization of $4.55 billion, a price-to-earnings ratio of 41.88 and a beta of 0.90.

Plexus (NASDAQ:PLXS) last released its quarterly earnings data on Wednesday, October 23rd. The technology company reported $1.85 earnings per share for the quarter, topping the consensus estimate of $1.55 by $0.30. Plexus had a net margin of 2.82% and a return on equity of 9.51%. The firm had revenue of $1.05 billion for the quarter, compared to analyst estimates of $1.01 billion. During the same quarter in the prior year, the business earned $1.44 earnings per share. Plexus’s quarterly revenue was up 2.6% on a year-over-year basis. Equities analysts anticipate that Plexus Corp. will post 6.14 EPS for the current year.

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.