New Age Alpha Advisors LLC Makes New $339,000 Investment in Plexus Corp. (NASDAQ:PLXS)

New Age Alpha Advisors LLC purchased a new stake in Plexus Corp. (NASDAQ:PLXS) in the 4th quarter, HoldingsChannel.com reports. The institutional investor purchased 2,167 shares of the technology company’s stock, valued at approximately $339,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Blue Trust Inc. grew its position in Plexus by 12.1% in the fourth quarter. Blue Trust Inc. now owns 776 shares of the technology company’s stock worth $121,000 after acquiring an additional 84 shares during the period. Glenmede Trust Co. NA grew its holdings in shares of Plexus by 4.4% during the 3rd quarter. Glenmede Trust Co. NA now owns 2,453 shares of the technology company’s stock worth $335,000 after purchasing an additional 104 shares during the period. Tocqueville Asset Management L.P. increased its position 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 purchasing an additional 107 shares during the last quarter. GAMMA Investing LLC raised its holdings in Plexus by 17.2% in the 4th quarter. GAMMA Investing LLC now owns 891 shares of the technology company’s stock valued at $139,000 after buying an additional 131 shares during the period. Finally, TD Private Client Wealth LLC acquired a new position in Plexus in the fourth quarter valued at about $28,000. Institutional investors and hedge funds own 94.45% of the company’s stock.

Plexus Stock Performance

NASDAQ:PLXS opened at $127.42 on Wednesday. The company has a market cap of $3.45 billion, a price-to-earnings ratio of 29.56 and a beta of 0.90. 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 52 week low of $92.72 and a 52 week high of $172.89. The company has a fifty day simple moving average of $134.96 and a two-hundred day simple moving average of $146.08.

Plexus (NASDAQ:PLXS) last posted its quarterly earnings results on Wednesday, January 22nd. The technology company reported $1.49 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 anticipate that Plexus Corp. will post 5.9 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research firms have recently issued reports on PLXS. Benchmark reissued a “buy” rating and issued a $165.00 price target on shares of Plexus in a research note on Wednesday, January 22nd. Needham & Company LLC upped 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. Finally, Stifel Nicolaus assumed coverage on 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 assigned a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $163.00.

Insiders Place Their Bets

In other Plexus news, CEO Todd P. Kelsey sold 1,500 shares of Plexus stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $136.96, for a total transaction of $205,440.00. Following the completion of the sale, the chief executive officer now directly owns 86,932 shares of the company’s stock, valued at $11,906,206.72. The trade was a 1.70 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Michael J. Running sold 1,250 shares of the stock in a transaction dated Friday, February 21st. The shares were sold at an average price of $138.62, for a total value of $173,275.00. Following the completion of the transaction, the insider now owns 1,276 shares in the company, valued at approximately $176,879.12. The trade was a 49.49 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 19,458 shares of company stock worth $2,786,515 in the last 90 days. Corporate insiders own 1.76% of the company’s stock.

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.