Quadrature Capital Ltd Has $2.29 Million Position in Plexus Corp. (NASDAQ:PLXS)

Quadrature Capital Ltd increased its stake in shares of Plexus Corp. (NASDAQ:PLXS) by 49.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 21,208 shares of the technology company’s stock after purchasing an additional 7,057 shares during the quarter. Quadrature Capital Ltd owned approximately 0.08% of Plexus worth $2,287,000 as of its most recent filing with the SEC.

Other institutional investors have also made changes to their positions in the company. Parallel Advisors LLC boosted its holdings in shares of Plexus by 72.3% during the fourth quarter. Parallel Advisors LLC now owns 348 shares of the technology company’s stock worth $38,000 after purchasing an additional 146 shares during the period. GAMMA Investing LLC bought a new position in Plexus during the fourth quarter valued at approximately $44,000. Cetera Trust Company N.A bought a new position in Plexus during the fourth quarter valued at approximately $54,000. McGlone Suttner Wealth Management Inc. bought a new position in Plexus during the fourth quarter valued at approximately $66,000. Finally, TFO Wealth Partners LLC raised its position in Plexus by 86,050.0% during the fourth quarter. TFO Wealth Partners LLC now owns 1,723 shares of the technology company’s stock valued at $186,000 after acquiring an additional 1,721 shares in the last quarter. 94.45% of the stock is currently owned by institutional investors and hedge funds.

Plexus Trading Up 1.2 %

Shares of PLXS stock opened at $103.38 on Tuesday. Plexus Corp. has a 1 year low of $87.21 and a 1 year high of $114.27. The firm’s fifty day simple moving average is $104.00 and its 200 day simple moving average is $100.57. The firm has a market capitalization of $2.83 billion, a P/E ratio of 28.56 and a beta of 0.95. The company has a current ratio of 1.51, a quick ratio of 0.64 and a debt-to-equity ratio of 0.15.

Plexus (NASDAQ:PLXS) last issued its earnings results on Wednesday, April 24th. The technology company reported $0.94 EPS for the quarter, beating the consensus estimate of $0.87 by $0.07. Plexus had a net margin of 2.54% and a return on equity of 10.77%. The company had revenue of $966.90 million for the quarter, compared to the consensus estimate of $950.75 million. During the same quarter in the previous year, the company earned $1.45 EPS. The firm’s revenue for the quarter was down 9.7% compared to the same quarter last year. As a group, sell-side analysts predict that Plexus Corp. will post 3.81 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on the stock. Needham & Company LLC raised their price objective on shares of Plexus from $107.00 to $114.00 and gave the company a “buy” rating in a research report on Friday, April 26th. Stifel Nicolaus lifted their price target on shares of Plexus from $90.00 to $95.00 and gave the company a “hold” rating in a research report on Friday, April 26th. Three analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $107.75.

Insider Activity

In other news, CEO Todd P. Kelsey sold 1,000 shares of the business’s stock in a transaction on Monday, April 29th. The shares were sold at an average price of $102.10, for a total value of $102,100.00. Following the sale, the chief executive officer now owns 113,810 shares in the company, valued at approximately $11,620,001. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Plexus news, CEO Todd P. Kelsey sold 1,000 shares of the business’s stock in a transaction dated Monday, April 29th. The stock was sold at an average price of $102.10, for a total transaction of $102,100.00. Following the completion of the sale, the chief executive officer now directly owns 113,810 shares of the company’s stock, valued at approximately $11,620,001. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Todd P. Kelsey sold 4,248 shares of the business’s stock in a transaction dated Wednesday, May 1st. The stock was sold at an average price of $101.67, for a total value of $431,894.16. Following the sale, the chief executive officer now directly owns 108,562 shares of the company’s stock, valued at $11,037,498.54. The disclosure for this sale can be found here. In the last quarter, insiders have sold 33,730 shares of company stock worth $3,559,444. Corporate insiders own 2.39% 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.