Charles Schwab Investment Management Inc. Sells 858 Shares of Plexus Corp. (NASDAQ:PLXS)

Charles Schwab Investment Management Inc. trimmed its position in Plexus Corp. (NASDAQ:PLXS) by 0.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 421,045 shares of the technology company’s stock after selling 858 shares during the quarter. Charles Schwab Investment Management Inc. owned 1.56% of Plexus worth $65,885,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in the company. Disciplined Growth Investors Inc. MN increased its stake in Plexus by 2.8% in the third quarter. Disciplined Growth Investors Inc. MN now owns 2,168,512 shares of the technology company’s stock valued at $296,457,000 after acquiring an additional 59,465 shares during the last quarter. Pacer Advisors Inc. bought a new position in Plexus in the fourth quarter valued at approximately $107,489,000. Geode Capital Management LLC boosted its position in Plexus by 0.8% in the third quarter. Geode Capital Management LLC now owns 653,759 shares of the technology company’s stock valued at $89,392,000 after buying an additional 4,926 shares in the last quarter. Victory Capital Management Inc. boosted its position in Plexus by 3.9% in the third quarter. Victory Capital Management Inc. now owns 200,186 shares of the technology company’s stock valued at $27,367,000 after buying an additional 7,483 shares in the last quarter. Finally, Principal Financial Group Inc. boosted its position in Plexus by 3.3% in the fourth quarter. Principal Financial Group Inc. now owns 138,367 shares of the technology company’s stock valued at $21,652,000 after buying an additional 4,445 shares in the last quarter. 94.45% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the stock. Needham & Company LLC raised their target price on shares of Plexus from $162.00 to $172.00 and gave the company a “buy” rating in a research report on Friday, January 24th. StockNews.com upgraded shares of Plexus from a “hold” rating to a “buy” rating in a research report on Monday, November 18th. Stifel Nicolaus assumed coverage on shares of Plexus in a research report on Tuesday, February 4th. They issued a “hold” rating and a $152.00 target price on the stock. Finally, Benchmark restated a “buy” rating and issued a $165.00 target price on shares of Plexus in a research report on Wednesday, January 22nd. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $163.00.

Plexus Price Performance

Shares of NASDAQ:PLXS opened at $122.87 on Wednesday. The firm has a market cap of $3.32 billion, a PE ratio of 28.51 and a beta of 0.90. The firm’s fifty day moving average is $146.23 and its 200-day moving average is $145.81. The company has a debt-to-equity ratio of 0.07, a quick ratio of 0.70 and a current ratio of 1.53. Plexus Corp. has a 52 week low of $90.18 and a 52 week high of $172.89.

Plexus (NASDAQ:PLXS) last issued its quarterly earnings results on Wednesday, January 22nd. The technology company reported $1.49 EPS for the quarter, missing analysts’ consensus estimates of $1.59 by ($0.10). Plexus had a return on equity of 10.36% and a net margin of 3.03%. Sell-side analysts predict that Plexus Corp. will post 5.9 earnings per share for the current year.

Insider Transactions at Plexus

In related news, CEO Todd P. Kelsey sold 1,500 shares of the business’s stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $156.39, for a total value of $234,585.00. Following the transaction, the chief executive officer now owns 74,271 shares in the company, valued at $11,615,241.69. The trade was a 1.98 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Michael J. Running sold 1,250 shares of the business’s stock in a transaction on Friday, February 21st. The shares were sold at an average price of $138.62, for a total transaction of $173,275.00. Following the completion of the transaction, the insider now owns 1,276 shares in the company, valued at approximately $176,879.12. The trade was a 49.49 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 19,458 shares of company stock worth $2,786,515. Company insiders own 1.76% of the company’s stock.

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.