Plexus Corp. (NASDAQ:PLXS) Shares Sold by GHP Investment Advisors Inc.

GHP Investment Advisors Inc. lessened its holdings in Plexus Corp. (NASDAQ:PLXS) by 3.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 84,023 shares of the technology company’s stock after selling 3,045 shares during the period. GHP Investment Advisors Inc. owned approximately 0.31% of Plexus worth $13,148,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also modified their holdings of the company. Quarry LP increased its holdings in Plexus by 573.5% during the 3rd quarter. Quarry LP now owns 229 shares of the technology company’s stock worth $31,000 after purchasing an additional 195 shares during the period. R Squared Ltd purchased a new stake in Plexus during the 4th quarter worth about $45,000. USA Financial Formulas purchased a new stake in Plexus during the 4th quarter worth about $56,000. Point72 DIFC Ltd purchased a new stake in Plexus during the 3rd quarter worth about $51,000. Finally, Point72 Asia Singapore Pte. Ltd. purchased a new stake in Plexus during the 3rd quarter worth about $55,000. Institutional investors and hedge funds own 94.45% of the company’s stock.

Plexus Trading Up 1.5 %

NASDAQ:PLXS opened at $142.39 on Thursday. Plexus Corp. has a 52-week low of $90.18 and a 52-week high of $172.89. The stock’s 50 day moving average price is $159.43 and its 200 day moving average price is $143.56. The company has a quick ratio of 0.70, a current ratio of 1.53 and a debt-to-equity ratio of 0.07. The company has a market capitalization of $3.86 billion, a PE ratio of 33.04 and a beta of 0.89.

Plexus (NASDAQ:PLXS) last posted its quarterly earnings data on Wednesday, January 22nd. The technology company reported $1.49 earnings per share for the quarter, missing analysts’ consensus estimates of $1.59 by ($0.10). Plexus had a return on equity of 10.36% and a net margin of 3.03%. On average, research analysts anticipate that Plexus Corp. will post 5.97 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on PLXS. KeyCorp began coverage on Plexus in a report on Tuesday, October 22nd. They issued a “sector weight” rating on the stock. Stifel Nicolaus began coverage on Plexus in a report on Tuesday. They issued a “hold” rating and a $152.00 price objective on the stock. StockNews.com upgraded Plexus from a “hold” rating to a “buy” rating in a report on Monday, November 18th. Benchmark reiterated a “buy” rating and issued a $165.00 price objective on shares of Plexus in a report on Wednesday, January 22nd. Finally, Needham & Company LLC raised their price target on Plexus from $162.00 to $172.00 and gave the stock a “buy” rating in a research note on Friday, January 24th. Two investment 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 presently has an average rating of “Moderate Buy” and an average target price of $163.00.

Insiders Place Their Bets

In other Plexus news, insider Michael J. Running sold 539 shares of the business’s stock in a transaction on Wednesday, November 20th. The stock was sold at an average price of $155.87, for a total transaction of $84,013.93. Following the sale, the insider now directly owns 1,030 shares in the company, valued at approximately $160,546.10. The trade was a 34.35 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Todd P. Kelsey sold 4,337 shares of the business’s stock in a transaction on Wednesday, February 5th. The stock was sold at an average price of $142.23, for a total value of $616,851.51. Following the sale, the chief executive officer now owns 80,595 shares in the company, valued at approximately $11,463,026.85. The trade was a 5.11 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 15,239 shares of company stock valued at $2,212,730. 1.76% of the stock is owned by company insiders.

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.