MQS Management LLC Has $619,000 Holdings in Plexus Corp. (NASDAQ:PLXS)

MQS Management LLC grew its holdings in Plexus Corp. (NASDAQ:PLXS) by 50.4% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 6,001 shares of the technology company’s stock after buying an additional 2,012 shares during the quarter. MQS Management LLC’s holdings in Plexus were worth $619,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Parallel Advisors LLC increased its holdings in Plexus by 72.3% in the fourth quarter. Parallel Advisors LLC now owns 348 shares of the technology company’s stock valued at $38,000 after purchasing an additional 146 shares during the last quarter. Quest Partners LLC grew its holdings in 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 purchasing an additional 367 shares during the period. Innealta Capital LLC bought a new position in shares of Plexus during the 2nd quarter worth approximately $51,000. EntryPoint Capital LLC increased its holdings in shares of Plexus by 56.2% in 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 during the last quarter. Finally, Signaturefd LLC grew its stake in Plexus by 12.0% in the 2nd quarter. Signaturefd LLC now owns 1,705 shares of the technology company’s stock valued at $176,000 after buying an additional 183 shares during the last quarter. Institutional investors and hedge funds own 94.45% of the company’s stock.

Insiders Place Their Bets

In related news, CEO Todd P. Kelsey sold 1,656 shares of the business’s stock in a transaction that occurred on Tuesday, July 16th. The stock was sold at an average price of $115.00, for a total transaction of $190,440.00. Following the completion of the transaction, the chief executive officer now directly owns 96,682 shares in the company, valued at approximately $11,118,430. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. In other Plexus news, insider Steven J. Frisch sold 6,565 shares of the company’s stock in a transaction that occurred on Wednesday, July 31st. The stock was sold at an average price of $128.11, for a total transaction of $841,042.15. Following the sale, the insider now directly owns 36,118 shares in the company, valued at $4,627,076.98. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Todd P. Kelsey sold 1,656 shares of the firm’s stock in a transaction dated Tuesday, July 16th. The stock was sold at an average price of $115.00, for a total transaction of $190,440.00. Following the completion of the sale, the chief executive officer now owns 96,682 shares of the company’s stock, valued at approximately $11,118,430. The disclosure for this sale can be found here. Over the last three months, insiders have sold 21,769 shares of company stock valued at $2,731,834. Insiders own 2.39% of the company’s stock.

Wall Street Analyst Weigh In

PLXS has been the topic of a number of analyst reports. Benchmark increased their price objective on shares of Plexus from $120.00 to $145.00 and gave the stock a “buy” rating in a research note on Monday, July 29th. Needham & Company LLC increased their target price on shares of Plexus from $114.00 to $144.00 and gave the stock a “buy” rating in a research note on Friday, July 26th. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $124.00.

Plexus Trading Up 0.1 %

PLXS opened at $128.00 on Thursday. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.47 and a quick ratio of 0.64. Plexus Corp. has a one year low of $87.21 and a one year high of $132.46. The firm has a market capitalization of $3.51 billion, a price-to-earnings ratio of 35.36 and a beta of 0.89. The business has a 50 day simple moving average of $122.08 and a two-hundred day simple moving average of $108.37.

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

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.