Hillsdale Investment Management Inc. Has $4.83 Million Stake in Plexus Corp. (NASDAQ:PLXS)

Hillsdale Investment Management Inc. boosted its holdings in shares of Plexus Corp. (NASDAQ:PLXS) by 0.7% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 30,875 shares of the technology company’s stock after buying an additional 200 shares during the quarter. Hillsdale Investment Management Inc.’s holdings in Plexus were worth $4,831,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the business. Disciplined Growth Investors Inc. MN increased its position in Plexus by 2.8% during the third quarter. Disciplined Growth Investors Inc. MN now owns 2,168,512 shares of the technology company’s stock worth $296,457,000 after buying an additional 59,465 shares during the last quarter. Pacer Advisors Inc. acquired a new position in Plexus during the fourth quarter worth $107,489,000. Geode Capital Management LLC grew its position in shares of Plexus by 0.8% in the third quarter. Geode Capital Management LLC now owns 653,759 shares of the technology company’s stock valued at $89,392,000 after purchasing an additional 4,926 shares during the last quarter. American Century Companies Inc. grew its position 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. grew its position in shares of Plexus by 0.7% in 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 during the last quarter. 94.45% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the company. Stifel Nicolaus assumed coverage on Plexus in a research report on Tuesday, February 4th. They issued a “hold” rating and a $152.00 price target on the stock. Needham & Company LLC raised their price target on Plexus from $162.00 to $172.00 and gave the company a “buy” rating in a research report on Friday, January 24th. Finally, Benchmark reaffirmed a “buy” rating and issued a $165.00 price target on shares of Plexus in a research report on Wednesday, January 22nd. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, Plexus has an average rating of “Moderate Buy” and an average price target of $163.00.

Plexus Stock Down 0.7 %

PLXS stock opened at $128.21 on Friday. Plexus Corp. has a twelve month low of $90.87 and a twelve month high of $172.89. The company has a market cap of $3.47 billion, a PE ratio of 29.75 and a beta of 0.90. The business’s 50-day simple moving average is $140.08 and its 200 day simple moving average is $145.39. 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 (NASDAQ:PLXS) last released its earnings results 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 5.9 earnings per share for the current year.

Insider Buying and Selling

In other Plexus news, insider Frank Zycinski sold 1,200 shares of the firm’s stock in a transaction dated Monday, February 10th. The shares were sold at an average price of $140.84, for a total transaction of $169,008.00. Following the completion of the transaction, the insider now owns 723 shares in the company, valued at $101,827.32. This trade represents a 62.40 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Michael J. Running sold 1,250 shares of the firm’s stock in a transaction dated Friday, February 21st. The stock was sold at an average price of $138.62, for a total transaction of $173,275.00. Following the transaction, the insider now owns 1,276 shares of the company’s stock, valued at approximately $176,879.12. This represents a 49.49 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 19,458 shares of company stock valued at $2,786,515 over the last three months. 1.76% of the stock is owned by corporate insiders.

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.