Dynamic Technology Lab Private Ltd Makes New Investment in Plexus Corp. (NASDAQ:PLXS)

Dynamic Technology Lab Private Ltd bought a new stake in Plexus Corp. (NASDAQ:PLXS) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 11,368 shares of the technology company’s stock, valued at approximately $1,779,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Blue Trust Inc. lifted its stake in Plexus by 12.1% in the fourth quarter. Blue Trust Inc. now owns 776 shares of the technology company’s stock valued at $121,000 after purchasing an additional 84 shares during the last quarter. Nomura Asset Management Co. Ltd. raised its stake in shares of Plexus by 45.5% in the fourth quarter. Nomura Asset Management Co. Ltd. now owns 320 shares of the technology company’s stock valued at $50,000 after buying an additional 100 shares during the period. Tocqueville Asset Management L.P. grew its stake in shares of Plexus by 1.8% during the 4th quarter. Tocqueville Asset Management L.P. now owns 5,907 shares of the technology company’s stock worth $924,000 after acquiring an additional 107 shares during the period. GAMMA Investing LLC grew its stake in shares of Plexus by 17.2% during 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. Finally, TD Private Client Wealth LLC purchased a new stake in Plexus in the 4th quarter worth about $28,000. 94.45% of the stock is owned by institutional investors.

Insider Activity at Plexus

In related news, CFO Patrick John Jermain sold 3,361 shares of the firm’s stock in a transaction that occurred on Monday, January 27th. The shares were sold at an average price of $144.57, for a total value of $485,899.77. Following the sale, the chief financial officer now directly owns 20,745 shares of the company’s stock, valued at $2,999,104.65. This trade represents a 13.94 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Todd P. Kelsey sold 4,337 shares of Plexus stock in a transaction that occurred on Wednesday, February 5th. The shares were sold at an average price of $142.23, for a total transaction of $616,851.51. Following the sale, the chief executive officer now owns 80,595 shares of the company’s stock, 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. Over the last quarter, insiders sold 17,958 shares of company stock valued at $2,551,930. Company insiders own 1.76% of the company’s stock.

Plexus Trading Down 3.3 %

Shares of PLXS opened at $112.24 on Friday. The business’s 50-day moving average price is $132.60 and its 200-day moving average price is $145.66. The company has a quick ratio of 0.70, a current ratio of 1.53 and a debt-to-equity ratio of 0.07. Plexus Corp. has a twelve month low of $92.72 and a twelve month high of $172.89. The stock has a market cap of $3.03 billion, a PE ratio of 26.04 and a beta of 0.90.

Plexus (NASDAQ:PLXS) last posted its earnings results on Wednesday, January 22nd. The technology company reported $1.49 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.59 by ($0.10). Plexus had a return on equity of 10.36% and a net margin of 3.03%. On average, equities analysts forecast that Plexus Corp. will post 5.9 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts have weighed in on PLXS shares. Benchmark reiterated a “buy” rating and set a $165.00 target price on shares of Plexus in a research report on Wednesday, January 22nd. Needham & Company LLC raised their price objective on shares of Plexus from $162.00 to $172.00 and gave the stock a “buy” rating in a report on Friday, January 24th. Finally, Stifel Nicolaus initiated coverage on shares of Plexus in a research note on Tuesday, February 4th. They issued a “hold” rating and a $152.00 price objective for the company. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $163.00.

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.