Uncommon Cents Investing LLC Sells 325 Shares of Plexus Corp. (NASDAQ:PLXS)

Uncommon Cents Investing LLC lessened its holdings in Plexus Corp. (NASDAQ:PLXS) by 3.0% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 10,560 shares of the technology company’s stock after selling 325 shares during the quarter. Uncommon Cents Investing LLC’s holdings in Plexus were worth $1,652,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. Quarry LP grew its stake in Plexus by 573.5% in the 3rd quarter. Quarry LP now owns 229 shares of the technology company’s stock worth $31,000 after buying an additional 195 shares in the last quarter. USA Financial Formulas bought a new stake in shares of Plexus during the 4th quarter worth $56,000. Point72 DIFC Ltd purchased a new position in Plexus in the third quarter worth $51,000. Point72 Asia Singapore Pte. Ltd. bought a new position in Plexus in the third quarter valued at $55,000. Finally, Farther Finance Advisors LLC raised its position in Plexus by 89.4% during the third quarter. Farther Finance Advisors LLC now owns 464 shares of the technology company’s stock valued at $63,000 after purchasing an additional 219 shares in the last quarter. Institutional investors own 94.45% of the company’s stock.

Plexus Stock Performance

Shares of PLXS stock opened at $167.36 on Monday. The company has a debt-to-equity ratio of 0.07, a quick ratio of 0.71 and a current ratio of 1.51. Plexus Corp. has a fifty-two week low of $90.18 and a fifty-two week high of $170.07. The company has a market capitalization of $4.53 billion, a P/E ratio of 41.74 and a beta of 0.91. The stock has a 50 day moving average price of $161.73 and a two-hundred day moving average price of $140.12.

Plexus (NASDAQ:PLXS) last announced its quarterly earnings results on Wednesday, October 23rd. The technology company reported $1.85 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 analyst estimates of $1.01 billion. The company’s revenue was up 2.6% on a year-over-year basis. During the same quarter last year, the firm earned $1.44 EPS. Analysts expect that Plexus Corp. will post 6.13 earnings per share for the current year.

Insider Buying and Selling

In other Plexus news, CAO Angelo Michael Ninivaggi, Jr. sold 3,113 shares of the company’s stock in a transaction on Tuesday, October 29th. The shares were sold at an average price of $144.19, for a total value of $448,863.47. Following the completion of the transaction, the chief accounting officer now directly owns 35,323 shares in the company, valued at approximately $5,093,223.37. This represents a 8.10 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Todd P. Kelsey sold 1,500 shares of Plexus stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $156.39, for a total transaction of $234,585.00. Following the sale, the chief executive officer now directly owns 74,271 shares in the company, valued at $11,615,241.69. The trade was a 1.98 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 34,091 shares of company stock valued at $5,377,960 over the last ninety days. 1.76% of the stock is owned by insiders.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on PLXS shares. Benchmark upped their price objective on Plexus from $150.00 to $165.00 and gave the stock a “buy” rating in a report on Monday, October 28th. Needham & Company LLC increased 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. StockNews.com upgraded shares of Plexus from a “hold” rating to a “buy” rating in a report on Monday, November 18th. Stifel Nicolaus increased their target price on shares of Plexus from $136.00 to $150.00 and gave the company a “hold” rating in a report on Tuesday, December 10th. Finally, KeyCorp began coverage on shares of Plexus in a research note on Tuesday, October 22nd. They issued a “sector weight” rating for the company. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $159.00.

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.