Johnson Financial Group Inc. Has $420,000 Stake in Plexus Corp. (NASDAQ:PLXS)

Johnson Financial Group Inc. raised its position in shares of Plexus Corp. (NASDAQ:PLXS) by 193.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 3,888 shares of the technology company’s stock after buying an additional 2,564 shares during the period. Johnson Financial Group Inc.’s holdings in Plexus were worth $420,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also modified their holdings of the stock. Moran Wealth Management LLC boosted its stake in Plexus by 0.5% in the fourth quarter. Moran Wealth Management LLC now owns 48,809 shares of the technology company’s stock valued at $5,278,000 after acquiring an additional 230 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of Plexus by 6.1% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,267 shares of the technology company’s stock worth $678,000 after purchasing an additional 363 shares in the last quarter. GAMMA Investing LLC bought a new position in shares of Plexus during the fourth quarter worth $44,000. FCA Corp TX boosted its position in shares of Plexus by 3.4% during the third quarter. FCA Corp TX now owns 14,913 shares of the technology company’s stock worth $1,387,000 after purchasing an additional 492 shares in the last quarter. Finally, PNC Financial Services Group Inc. raised its holdings in shares of Plexus by 25.6% during the third quarter. PNC Financial Services Group Inc. now owns 2,417 shares of the technology company’s stock worth $225,000 after acquiring an additional 493 shares during the period. 94.45% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several brokerages have issued reports on PLXS. Needham & Company LLC lifted their price target on shares of Plexus from $107.00 to $114.00 and gave the company a “buy” rating in a research note on Friday, April 26th. Stifel Nicolaus lifted their price target on shares of Plexus from $90.00 to $95.00 and gave the company a “hold” rating in a research note on Friday, April 26th. Finally, TheStreet lowered shares of Plexus from a “b” rating to a “c+” rating in a research note on Tuesday, February 13th. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat, Plexus presently has an average rating of “Hold” and a consensus price target of $107.75.

Plexus Stock Up 1.7 %

PLXS stock traded up $1.91 during midday trading on Friday, hitting $113.33. The company’s stock had a trading volume of 110,075 shares, compared to its average volume of 116,515. The company’s fifty day moving average price is $99.81 and its 200 day moving average price is $100.22. Plexus Corp. has a twelve month low of $87.21 and a twelve month high of $114.27. The stock has a market capitalization of $3.11 billion, a P/E ratio of 31.31 and a beta of 1.00. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.51 and a quick ratio of 0.64.

Plexus (NASDAQ:PLXS) last announced its quarterly earnings data on Wednesday, April 24th. The technology company reported $0.94 EPS for the quarter, beating analysts’ consensus estimates of $0.87 by $0.07. Plexus had a net margin of 2.54% and a return on equity of 10.77%. The company had revenue of $966.90 million during the quarter, compared to the consensus estimate of $950.75 million. During the same quarter last year, the firm posted $1.45 EPS. The company’s quarterly revenue was down 9.7% on a year-over-year basis. As a group, equities research analysts predict that Plexus Corp. will post 3.81 EPS for the current year.

Insider Activity

In other news, CAO Angelo Michael Ninivaggi, Jr. sold 2,250 shares of Plexus stock in a transaction dated Friday, May 3rd. The shares were sold at an average price of $102.66, for a total value of $230,985.00. Following the completion of the transaction, the chief accounting officer now owns 38,560 shares of the company’s stock, valued at approximately $3,958,569.60. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In related news, CAO Angelo Michael Ninivaggi, Jr. sold 2,250 shares of Plexus stock in a transaction dated Friday, May 3rd. The shares were sold at an average price of $102.66, for a total transaction of $230,985.00. Following the completion of the sale, the chief accounting officer now owns 38,560 shares of the company’s stock, valued at approximately $3,958,569.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Patrick John Jermain sold 4,999 shares of the business’s stock in a transaction dated Monday, May 20th. The shares were sold at an average price of $110.00, for a total transaction of $549,890.00. Following the completion of the sale, the chief financial officer now directly owns 34,183 shares of the company’s stock, valued at approximately $3,760,130. The disclosure for this sale can be found here. Insiders sold a total of 36,230 shares of company stock valued at $3,760,719 in the last quarter. Company insiders own 2.39% 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.