Bridge City Capital LLC Raises Stock Holdings in Plexus Corp. (NASDAQ:PLXS)

Bridge City Capital LLC grew its position in Plexus Corp. (NASDAQ:PLXS) by 0.9% during the fourth quarter, Holdings Channel reports. The firm owned 26,699 shares of the technology company’s stock after acquiring an additional 238 shares during the period. Bridge City Capital LLC’s holdings in Plexus were worth $4,178,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. Pacer Advisors Inc. acquired a new position in shares of Plexus in the 4th quarter valued at $107,489,000. Stifel Financial Corp purchased a new position in shares of Plexus in the third quarter valued at approximately $332,000. Barclays PLC grew its holdings in shares of Plexus by 139.4% during the third quarter. Barclays PLC now owns 48,786 shares of the technology company’s stock worth $6,669,000 after buying an additional 28,406 shares in the last quarter. Verition Fund Management LLC acquired a new stake in Plexus in the 3rd quarter valued at about $683,000. Finally, FMR LLC lifted its position in Plexus by 614.2% during the third quarter. FMR LLC now owns 13,941 shares of the technology company’s stock worth $1,906,000 after buying an additional 11,989 shares in the last quarter. Institutional investors and hedge funds own 94.45% of the company’s stock.

Analyst Ratings Changes

Several analysts recently issued reports on the stock. Stifel Nicolaus assumed 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. Benchmark restated a “buy” rating and issued a $165.00 price target on shares of Plexus in a research note on Wednesday, January 22nd. Finally, Needham & Company LLC upped their target price on shares of Plexus from $162.00 to $172.00 and gave the company a “buy” rating in a report on Friday, January 24th. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $163.00.

Plexus Price Performance

Shares of NASDAQ:PLXS opened at $128.21 on Friday. The stock has a market cap of $3.47 billion, a PE ratio of 29.75 and a beta of 0.90. The company has a debt-to-equity ratio of 0.07, a quick ratio of 0.70 and a current ratio of 1.53. The business’s fifty day moving average price is $140.08 and its two-hundred day moving average price is $145.55. Plexus Corp. has a one year low of $90.87 and a one year high of $172.89.

Plexus (NASDAQ:PLXS) last issued its quarterly earnings results on Wednesday, January 22nd. The technology company reported $1.49 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, analysts forecast that Plexus Corp. will post 5.9 EPS for the current fiscal year.

Insider Buying and Selling

In other Plexus news, CEO Todd P. Kelsey sold 1,500 shares of the stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $156.39, for a total transaction of $234,585.00. Following the transaction, the chief executive officer now owns 74,271 shares of the company’s stock, valued at $11,615,241.69. This trade represents a 1.98 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO Patrick John Jermain sold 3,361 shares of Plexus 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 completion of the transaction, the chief financial officer now owns 20,745 shares of the company’s stock, valued at approximately $2,999,104.65. The trade was a 13.94 % 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 valued at $2,786,515 in the last quarter. Company insiders own 1.76% of the company’s stock.

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.