Plexus Corp. (NASDAQ:PLXS) Shares Sold by Yousif Capital Management LLC

Yousif Capital Management LLC lowered its stake in Plexus Corp. (NASDAQ:PLXS) by 2.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 10,295 shares of the technology company’s stock after selling 233 shares during the quarter. Yousif Capital Management LLC’s holdings in Plexus were worth $1,611,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the stock. Quarry LP raised its holdings in shares of Plexus by 573.5% in the 3rd quarter. Quarry LP now owns 229 shares of the technology company’s stock valued at $31,000 after buying an additional 195 shares during the period. R Squared Ltd acquired a new position in Plexus in the 4th quarter valued at about $45,000. Point72 DIFC Ltd purchased a new stake in Plexus during the third quarter worth about $51,000. Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of Plexus during the third quarter worth about $55,000. Finally, USA Financial Formulas purchased a new position in shares of Plexus in the fourth quarter valued at approximately $56,000. Hedge funds and other institutional investors own 94.45% of the company’s stock.

Insider Activity at Plexus

In other Plexus news, insider Michael J. Running sold 539 shares of the firm’s stock in a transaction dated Wednesday, November 20th. The stock was sold at an average price of $155.87, for a total transaction of $84,013.93. Following the transaction, the insider now owns 1,030 shares of the company’s stock, valued at approximately $160,546.10. This trade represents a 34.35 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Frank Zycinski sold 1,200 shares of the business’s stock in a transaction dated Monday, February 10th. The shares were sold at an average price of $140.84, for a total value of $169,008.00. Following the completion of the sale, the insider now directly owns 723 shares of the company’s stock, valued at $101,827.32. The trade was a 62.40 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 15,860 shares of company stock valued at $2,292,612 over the last three months. 1.76% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on PLXS shares. Stifel Nicolaus began coverage on shares of Plexus in a report on Tuesday, February 4th. They set a “hold” rating and a $152.00 target price on the stock. KeyCorp assumed coverage on Plexus in a research report on Tuesday, October 22nd. They set a “sector weight” rating on the stock. Benchmark reiterated a “buy” rating and issued a $165.00 target price on shares of Plexus in a report on Wednesday, January 22nd. Needham & Company LLC upped their price target on Plexus from $162.00 to $172.00 and gave the stock a “buy” rating in a report on Friday, January 24th. Finally, StockNews.com upgraded Plexus from a “hold” rating to a “buy” rating in a research note on Monday, November 18th. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $163.00.

Plexus Stock Performance

Shares of PLXS stock opened at $139.37 on Thursday. The company has a market cap of $3.77 billion, a P/E ratio of 32.34 and a beta of 0.89. The firm has a fifty day moving average price of $156.97 and a 200 day moving average price of $144.21. The company has a current ratio of 1.53, a quick ratio of 0.70 and a debt-to-equity ratio of 0.07. Plexus Corp. has a 12 month low of $90.18 and a 12 month high of $172.89.

Plexus (NASDAQ:PLXS) last released its quarterly earnings data on Wednesday, January 22nd. The technology company reported $1.49 earnings per share (EPS) for the quarter, missing the consensus estimate 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 5.94 earnings per share for the current fiscal year.

About Plexus

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.