SG Americas Securities LLC Trims Stake in Plexus Corp. (NASDAQ:PLXS)

SG Americas Securities LLC lessened its holdings in shares of Plexus Corp. (NASDAQ:PLXS) by 58.9% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,659 shares of the technology company’s stock after selling 3,812 shares during the quarter. SG Americas Securities LLC’s holdings in Plexus were worth $364,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently modified their holdings of the company. Quest Partners LLC raised its stake in shares of Plexus by 36,700.0% in the second quarter. Quest Partners LLC now owns 368 shares of the technology company’s stock worth $38,000 after buying an additional 367 shares during the period. Innealta Capital LLC bought a new stake in Plexus during the 2nd quarter worth approximately $51,000. EntryPoint Capital LLC lifted its holdings in Plexus by 56.2% during the first quarter. EntryPoint Capital LLC now owns 976 shares of the technology company’s stock valued at $93,000 after purchasing an additional 351 shares in the last quarter. Signaturefd LLC boosted its position in shares of Plexus by 12.0% in the second quarter. Signaturefd LLC now owns 1,705 shares of the technology company’s stock worth $176,000 after purchasing an additional 183 shares during the period. Finally, CHICAGO TRUST Co NA purchased a new stake in shares of Plexus in the second quarter worth $206,000. Institutional investors own 94.45% of the company’s stock.

Insider Activity

In related news, CEO Todd P. Kelsey sold 3,000 shares of the firm’s stock in a transaction dated Wednesday, July 31st. The stock was sold at an average price of $128.40, for a total transaction of $385,200.00. Following the sale, the chief executive officer now owns 93,682 shares of the company’s stock, valued at $12,028,768.80. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other news, insider Victor (Pang Hau) Tan sold 1,000 shares of Plexus stock in a transaction on Wednesday, August 28th. The shares were sold at an average price of $127.50, for a total transaction of $127,500.00. Following the completion of the sale, the insider now directly owns 8,605 shares in the company, valued at approximately $1,097,137.50. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Todd P. Kelsey sold 3,000 shares of Plexus stock in a transaction dated Wednesday, July 31st. The stock was sold at an average price of $128.40, for a total value of $385,200.00. Following the sale, the chief executive officer now directly owns 93,682 shares of the company’s stock, valued at approximately $12,028,768.80. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 20,113 shares of company stock worth $2,541,394. 2.39% of the stock is currently owned by company insiders.

Plexus Trading Down 1.0 %

NASDAQ PLXS opened at $138.18 on Friday. The stock has a market cap of $3.76 billion, a PE ratio of 34.81 and a beta of 0.89. Plexus Corp. has a 12 month low of $87.21 and a 12 month high of $139.98. The company’s 50-day moving average price is $128.68 and its 200-day moving average price is $114.36. The company has a current ratio of 1.47, a quick ratio of 0.64 and a debt-to-equity ratio of 0.07.

Plexus (NASDAQ:PLXS) last released its quarterly earnings data on Wednesday, July 24th. The technology company reported $1.45 EPS for the quarter, topping the consensus estimate of $1.28 by $0.17. Plexus had a return on equity of 9.64% and a net margin of 2.82%. The company had revenue of $960.70 million for the quarter, compared to the consensus estimate of $981.32 million. During the same period last year, the business posted $1.32 EPS. Plexus’s quarterly revenue was down 6.0% on a year-over-year basis. Equities research analysts forecast that Plexus Corp. will post 3.74 earnings per share for the current year.

Wall Street Analysts Forecast Growth

PLXS has been the subject of a number of research analyst reports. Benchmark increased their price objective on shares of Plexus from $145.00 to $150.00 and gave the company a “buy” rating in a report on Tuesday, October 1st. Needham & Company LLC raised their target price on shares of Plexus from $114.00 to $144.00 and gave the company a “buy” rating in a research note on Friday, July 26th. Two research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $125.25.

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.