2,848 Shares in Plexus Corp. (NASDAQ:PLXS) Purchased by Harvest Fund Management Co. Ltd

Harvest Fund Management Co. Ltd bought a new stake in Plexus Corp. (NASDAQ:PLXS) during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor bought 2,848 shares of the technology company’s stock, valued at approximately $389,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of PLXS. CANADA LIFE ASSURANCE Co boosted its holdings in shares of Plexus by 0.9% in the 1st quarter. CANADA LIFE ASSURANCE Co now owns 23,461 shares of the technology company’s stock valued at $2,219,000 after acquiring an additional 209 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its holdings in Plexus by 4.8% in the first quarter. Price T Rowe Associates Inc. MD now owns 22,513 shares of the technology company’s stock valued at $2,135,000 after purchasing an additional 1,022 shares during the last quarter. Janus Henderson Group PLC boosted its holdings in Plexus by 68.4% in the first quarter. Janus Henderson Group PLC now owns 66,261 shares of the technology company’s stock valued at $6,281,000 after purchasing an additional 26,904 shares during the last quarter. Tidal Investments LLC grew its position in Plexus by 40.0% during the 1st quarter. Tidal Investments LLC now owns 3,364 shares of the technology company’s stock worth $319,000 after purchasing an additional 961 shares during the period. Finally, Comerica Bank raised its stake in shares of Plexus by 22.5% during the 1st quarter. Comerica Bank now owns 81,817 shares of the technology company’s stock valued at $7,758,000 after buying an additional 15,046 shares during the last quarter. Institutional investors and hedge funds own 94.45% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently weighed in on PLXS shares. KeyCorp initiated coverage on Plexus in a research report on Tuesday, October 22nd. They set a “sector weight” rating for the company. StockNews.com raised shares of Plexus from a “hold” rating to a “buy” rating in a report on Monday, November 18th. Benchmark boosted their target price on shares of Plexus from $150.00 to $165.00 and gave the company a “buy” rating in a research note on Monday, October 28th. Finally, Needham & Company LLC raised their price target on shares of Plexus from $144.00 to $162.00 and gave the company a “buy” rating in a research report on Friday, October 25th. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, Plexus has an average rating of “Moderate Buy” and an average price target of $133.50.

Insider Activity at Plexus

In related news, insider Victor (Pang Hau) Tan sold 3,000 shares of the stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $165.90, for a total value of $497,700.00. Following the completion of the transaction, the insider now directly owns 5,605 shares of the company’s stock, valued at approximately $929,869.50. This represents a 34.86 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Karen Marie Rapp sold 500 shares of Plexus stock in a transaction on Friday, August 30th. The stock was sold at an average price of $128.02, for a total transaction of $64,010.00. Following the sale, the director now directly owns 9,586 shares in the company, valued at approximately $1,227,199.72. This trade represents a 4.96 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 33,091 shares of company stock valued at $5,207,385. 2.39% of the stock is owned by corporate insiders.

Plexus Trading Up 2.0 %

Shares of NASDAQ:PLXS opened at $164.54 on Wednesday. The business’s 50 day moving average price is $143.70 and its 200-day moving average price is $124.68. Plexus Corp. has a 1 year low of $90.18 and a 1 year high of $169.41. The firm has a market capitalization of $4.46 billion, a price-to-earnings ratio of 41.03 and a beta of 0.87. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.51 and a quick ratio of 0.71.

Plexus (NASDAQ:PLXS) last posted its quarterly earnings data on Wednesday, October 23rd. The technology company reported $1.85 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.55 by $0.30. Plexus had a net margin of 2.82% and a return on equity of 9.51%. The business had revenue of $1.05 billion for the quarter, compared to the consensus estimate of $1.01 billion. During the same period last year, the firm posted $1.44 earnings per share. The company’s revenue was up 2.6% compared to the same quarter last year. On average, equities research analysts forecast that Plexus Corp. will post 6.14 earnings per share for the current fiscal year.

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.