Prudential Financial Inc. Has $12.74 Million Stock Holdings in Plexus Corp. (NASDAQ:PLXS)

Prudential Financial Inc. increased its stake in Plexus Corp. (NASDAQ:PLXS) by 0.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 81,412 shares of the technology company’s stock after acquiring an additional 667 shares during the quarter. Prudential Financial Inc.’s holdings in Plexus were worth $12,739,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the company. Disciplined Growth Investors Inc. MN raised its holdings in shares of Plexus by 2.8% in the 3rd quarter. Disciplined Growth Investors Inc. MN now owns 2,168,512 shares of the technology company’s stock worth $296,457,000 after acquiring an additional 59,465 shares during the last quarter. Pacer Advisors Inc. purchased a new position in Plexus during the 4th quarter worth $107,489,000. Geode Capital Management LLC grew its stake in shares of Plexus by 0.8% in the 3rd quarter. Geode Capital Management LLC now owns 653,759 shares of the technology company’s stock worth $89,392,000 after acquiring an additional 4,926 shares in the last quarter. American Century Companies Inc. raised its holdings in shares of Plexus by 72.2% in the fourth quarter. American Century Companies Inc. now owns 544,017 shares of the technology company’s stock valued at $85,128,000 after purchasing an additional 228,027 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its position in shares of Plexus by 0.7% during the third quarter. Charles Schwab Investment Management Inc. now owns 421,903 shares of the technology company’s stock valued at $57,678,000 after purchasing an additional 2,886 shares in the last quarter. Institutional investors and hedge funds own 94.45% of the company’s stock.

Plexus Stock Performance

Shares of PLXS stock opened at $129.99 on Friday. Plexus Corp. has a 52 week low of $92.72 and a 52 week high of $172.89. The firm’s 50-day simple moving average is $137.39 and its two-hundred day simple moving average is $145.65. The firm has a market cap of $3.51 billion, a price-to-earnings ratio of 30.16 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.

Plexus (NASDAQ:PLXS) last posted its quarterly earnings data 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 net margin of 3.03% and a return on equity of 10.36%. As a group, equities analysts forecast that Plexus Corp. will post 5.9 earnings per share for the current year.

Insider Activity

In related news, CEO Todd P. Kelsey sold 1,500 shares of the business’s stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $156.39, for a total value of $234,585.00. Following the sale, the chief executive officer now directly owns 74,271 shares in the company, valued at approximately $11,615,241.69. The trade was a 1.98 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Michael J. Running sold 1,250 shares of the company’s stock in a transaction dated Friday, February 21st. The shares were sold at an average price of $138.62, for a total transaction of $173,275.00. Following the sale, the insider now directly owns 1,276 shares in the company, valued at approximately $176,879.12. This trade represents a 49.49 % 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 90 days. Insiders own 1.76% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on PLXS shares. Benchmark reaffirmed a “buy” rating and issued a $165.00 price objective on shares of Plexus in a research report on Wednesday, January 22nd. Stifel Nicolaus assumed coverage on Plexus in a research report on Tuesday, February 4th. They set a “hold” rating and a $152.00 price target for the company. Finally, Needham & Company LLC boosted their price objective on Plexus from $162.00 to $172.00 and gave the stock a “buy” rating in a research report 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.com, Plexus currently has a consensus rating of “Moderate Buy” and a consensus price target of $163.00.

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.