Plexus Corp. (NASDAQ:PLXS) Shares Acquired by Tocqueville Asset Management L.P.

Tocqueville Asset Management L.P. increased its holdings in shares of Plexus Corp. (NASDAQ:PLXS) by 1.8% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 5,907 shares of the technology company’s stock after purchasing an additional 107 shares during the quarter. Tocqueville Asset Management L.P.’s holdings in Plexus were worth $924,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of the business. Blue Trust Inc. lifted its stake in shares of Plexus by 12.1% during the fourth quarter. Blue Trust Inc. now owns 776 shares of the technology company’s stock worth $121,000 after purchasing an additional 84 shares in the last quarter. Glenmede Trust Co. NA lifted its position in Plexus by 4.4% during the 3rd quarter. Glenmede Trust Co. NA now owns 2,453 shares of the technology company’s stock worth $335,000 after acquiring an additional 104 shares in the last quarter. GAMMA Investing LLC boosted its holdings in Plexus by 17.2% in the 4th quarter. GAMMA Investing LLC now owns 891 shares of the technology company’s stock worth $139,000 after acquiring an additional 131 shares during the period. Quarry LP grew its position in Plexus by 573.5% in the third quarter. Quarry LP now owns 229 shares of the technology company’s stock valued at $31,000 after acquiring an additional 195 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC grew its position in Plexus by 17.2% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 1,779 shares of the technology company’s stock valued at $278,000 after acquiring an additional 261 shares in the last quarter. Hedge funds and other institutional investors own 94.45% of the company’s stock.

Wall Street Analyst Weigh In

PLXS has been the subject of several analyst reports. Benchmark restated a “buy” rating and issued a $165.00 target price on shares of Plexus in a research note on Wednesday, January 22nd. Stifel Nicolaus initiated coverage on shares of Plexus in a report on Tuesday, February 4th. They issued a “hold” rating and a $152.00 price objective on the stock. Finally, Needham & Company LLC raised their target price on Plexus from $162.00 to $172.00 and gave the company a “buy” rating in a research note on Friday, January 24th. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $163.00.

Insider Buying and Selling at Plexus

In other Plexus news, CEO Todd P. Kelsey sold 1,500 shares of the business’s stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $156.39, for a total transaction of $234,585.00. Following the completion of the sale, the chief executive officer now owns 74,271 shares in the company, valued at $11,615,241.69. The trade was a 1.98 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Randy J. Martinez sold 887 shares of the firm’s stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $140.52, for a total transaction of $124,641.24. Following the completion of the transaction, the director now owns 4,831 shares in the company, valued at approximately $678,852.12. The trade was a 15.51 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 19,458 shares of company stock worth $2,786,515 over the last quarter. 1.76% of the stock is owned by corporate insiders.

Plexus Trading Up 2.8 %

PLXS opened at $127.26 on Thursday. Plexus Corp. has a 12-month low of $90.24 and a 12-month high of $172.89. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.53 and a quick ratio of 0.70. The stock has a market capitalization of $3.44 billion, a PE ratio of 29.53 and a beta of 0.90. The firm’s fifty day moving average price is $141.43 and its 200 day moving average price is $145.50.

Plexus (NASDAQ:PLXS) last issued its earnings results on Wednesday, January 22nd. The technology company reported $1.49 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.59 by ($0.10). Plexus had a net margin of 3.03% and a return on equity of 10.36%. As a group, research analysts expect that Plexus Corp. will post 5.9 EPS 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.