Farther Finance Advisors LLC Raises Holdings in Plexus Corp. (NASDAQ:PLXS)

Farther Finance Advisors LLC increased its position in shares of Plexus Corp. (NASDAQ:PLXS) by 89.4% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 464 shares of the technology company’s stock after purchasing an additional 219 shares during the quarter. Farther Finance Advisors LLC’s holdings in Plexus were worth $63,000 as of its most recent filing with the SEC.

Several other large investors have also recently made changes to their positions in the company. Quest Partners LLC grew its holdings in Plexus by 36,700.0% in the 2nd quarter. Quest Partners LLC now owns 368 shares of the technology company’s stock valued at $38,000 after buying an additional 367 shares in the last quarter. Innealta Capital LLC purchased a new stake in Plexus in the 2nd quarter valued at $51,000. GAMMA Investing LLC grew its holdings in Plexus by 190.1% in 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 in the last quarter. EntryPoint Capital LLC grew its holdings in Plexus by 56.2% in the 1st quarter. EntryPoint Capital LLC now owns 976 shares of the technology company’s stock valued at $93,000 after buying an additional 351 shares in the last quarter. Finally, nVerses Capital LLC purchased a new stake in Plexus in the 3rd quarter valued at $178,000. 94.45% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

PLXS has been the topic of several recent analyst reports. KeyCorp initiated coverage on Plexus in a research note on Tuesday, October 22nd. They issued a “sector weight” rating on the stock. Needham & Company LLC upped their price target on Plexus from $144.00 to $162.00 and gave the company a “buy” rating in a research note on Friday, October 25th. Benchmark upped their price target on Plexus from $150.00 to $165.00 and gave the company a “buy” rating in a research note on Monday, October 28th. Finally, StockNews.com lowered Plexus from a “buy” rating to a “hold” rating in a research note on Wednesday, November 6th. Four equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat, Plexus currently has a consensus rating of “Hold” and a consensus target price of $133.50.

Plexus Price Performance

PLXS stock opened at $155.88 on Thursday. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.51 and a quick ratio of 0.71. The firm has a market capitalization of $4.24 billion, a P/E ratio of 38.87 and a beta of 0.87. The business’s 50-day moving average is $138.13 and its two-hundred day moving average is $121.57. Plexus Corp. has a 1 year low of $90.18 and a 1 year high of $169.41.

Plexus (NASDAQ:PLXS) last posted its quarterly earnings results on Wednesday, October 23rd. The technology company reported $1.85 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.55 by $0.30. The company had revenue of $1.05 billion for the quarter, compared to analyst estimates of $1.01 billion. Plexus had a return on equity of 9.51% and a net margin of 2.82%. Plexus’s revenue for the quarter was up 2.6% compared to the same quarter last year. During the same quarter last year, the company earned $1.44 EPS. Analysts anticipate that Plexus Corp. will post 6.13 earnings per share for the current fiscal year.

Insider Buying and Selling at Plexus

In other news, insider Victor (Pang Hau) Tan sold 1,000 shares of the stock in a transaction dated Wednesday, August 28th. The stock was sold at an average price of $127.50, for a total value of $127,500.00. Following the transaction, the insider now owns 8,605 shares in the company, valued at approximately $1,097,137.50. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In other news, CFO Patrick John Jermain sold 2,643 shares of the stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $166.32, for a total value of $439,583.76. Following the transaction, the chief financial officer now owns 21,959 shares in the company, valued at approximately $3,652,220.88. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Victor (Pang Hau) Tan sold 1,000 shares of the stock in a transaction dated Wednesday, August 28th. The shares were sold at an average price of $127.50, for a total value of $127,500.00. Following the completion of the transaction, the insider now owns 8,605 shares in the company, valued at approximately $1,097,137.50. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 42,021 shares of company stock valued at $6,285,388 in the last quarter. Corporate insiders own 2.39% 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.