Plexus Corp. (NASDAQ:PLXS) Shares Bought by Hennion & Walsh Asset Management Inc.

Hennion & Walsh Asset Management Inc. boosted its stake in shares of Plexus Corp. (NASDAQ:PLXS) by 59.0% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 3,445 shares of the technology company’s stock after acquiring an additional 1,278 shares during the quarter. Hennion & Walsh Asset Management Inc.’s holdings in Plexus were worth $539,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in PLXS. Quarry LP lifted its position in Plexus by 573.5% during the 3rd quarter. Quarry LP now owns 229 shares of the technology company’s stock worth $31,000 after acquiring an additional 195 shares during the period. Point72 DIFC Ltd acquired a new stake in Plexus during the 3rd quarter worth approximately $51,000. Point72 Asia Singapore Pte. Ltd. acquired a new stake in Plexus during the 3rd quarter worth approximately $55,000. USA Financial Formulas acquired a new stake in shares of Plexus in the 4th quarter valued at approximately $56,000. Finally, Farther Finance Advisors LLC lifted its holdings in shares of Plexus by 89.4% in the 3rd quarter. Farther Finance Advisors LLC now owns 464 shares of the technology company’s stock valued at $63,000 after buying an additional 219 shares during the period. 94.45% of the stock is owned by institutional investors and hedge funds.

Plexus Stock Performance

Shares of PLXS stock opened at $167.36 on Tuesday. The stock has a fifty day moving average price of $161.82 and a 200 day moving average price of $140.56. The stock has a market cap of $4.53 billion, a PE ratio of 41.74 and a beta of 0.91. Plexus Corp. has a 1 year low of $90.18 and a 1 year high of $170.07. 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 (NASDAQ:PLXS) last issued its quarterly earnings data on Wednesday, October 23rd. The technology company reported $1.85 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.55 by $0.30. The firm had revenue of $1.05 billion during the quarter, compared to analysts’ expectations of $1.01 billion. Plexus had a return on equity of 9.51% and a net margin of 2.82%. Plexus’s revenue was up 2.6% on a year-over-year basis. During the same period in the previous year, the firm posted $1.44 earnings per share. Sell-side analysts forecast that Plexus Corp. will post 6.13 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

PLXS has been the subject of several recent analyst reports. KeyCorp initiated coverage on Plexus in a report on Tuesday, October 22nd. They issued a “sector weight” rating for the company. Benchmark raised their price target on Plexus from $150.00 to $165.00 and gave the company a “buy” rating in a report on Monday, October 28th. Stifel Nicolaus raised their price target on Plexus from $136.00 to $150.00 and gave the company a “hold” rating in a report on Tuesday, December 10th. Needham & Company LLC raised their price target on Plexus from $144.00 to $162.00 and gave the company a “buy” rating in a report on Friday, October 25th. Finally, StockNews.com raised Plexus from a “hold” rating to a “buy” rating in a report on Monday, November 18th. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Plexus has a consensus rating of “Moderate Buy” and an average price target of $159.00.

Insider Buying and Selling

In other Plexus news, CAO Angelo Michael Ninivaggi, Jr. sold 3,113 shares of the firm’s stock in a transaction on Tuesday, October 29th. The stock was sold at an average price of $144.19, for a total transaction of $448,863.47. Following the completion of the transaction, the chief accounting officer now owns 35,323 shares of the company’s stock, valued at approximately $5,093,223.37. This trade represents a 8.10 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CFO Patrick John Jermain sold 5,045 shares of the firm’s stock in a transaction on Monday, October 28th. The stock was sold at an average price of $143.13, for a total value of $722,090.85. Following the transaction, the chief financial officer now directly owns 24,602 shares of the company’s stock, valued at $3,521,284.26. The trade was a 17.02 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 34,091 shares of company stock valued at $5,377,960. 1.76% of the stock is owned by insiders.

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.