Nationwide Fund Advisors raised its position in shares of Plexus Corp. (NASDAQ:PLXS) by 21.6% during the second quarter, according to its most recent disclosure with the SEC. The firm owned 33,288 shares of the company’s stock after buying an additional 5,914 shares during the period. Nationwide Fund Advisors owned approximately 0.10% of Plexus Corp. worth $1,438,000 as of its most recent filing with the SEC.
Several other institutional investors have also made changes to their positions in PLXS. BNP Paribas Arbitrage SA boosted its position in shares of Plexus Corp. by 93.9% in the second quarter. BNP Paribas Arbitrage SA now owns 11,389 shares of the company’s stock worth $492,000 after buying an additional 5,515 shares in the last quarter. Panagora Asset Management Inc. boosted its position in shares of Plexus Corp. by 4.1% in the first quarter. Panagora Asset Management Inc. now owns 290,865 shares of the company’s stock worth $11,495,000 after buying an additional 11,511 shares in the last quarter. Barclays PLC boosted its position in shares of Plexus Corp. by 74.4% in the first quarter. Barclays PLC now owns 45,023 shares of the company’s stock worth $1,755,000 after buying an additional 19,206 shares in the last quarter. Bayesian Capital Management LP acquired a new position in shares of Plexus Corp. during the first quarter worth about $216,000. Finally, Goldman Sachs Group Inc. boosted its position in shares of Plexus Corp. by 0.3% in the first quarter. Goldman Sachs Group Inc. now owns 1,121,440 shares of the company’s stock worth $44,319,000 after buying an additional 3,292 shares in the last quarter. Institutional investors own 92.91% of the company’s stock.
Shares of Plexus Corp. (NASDAQ:PLXS) opened at 45.599 on Wednesday. Plexus Corp. has a 52-week low of $28.72 and a 52-week high of $47.94. The firm has a market cap of $1.52 billion, a PE ratio of 19.232 and a beta of 1.14. The firm has a 50-day moving average of $46.42 and a 200 day moving average of $44.23.
Plexus Corp. (NASDAQ:PLXS) last released its quarterly earnings data on Wednesday, July 20th. The company reported $0.82 EPS for the quarter, topping the Zacks’ consensus estimate of $0.77 by $0.05. Plexus Corp. had a net margin of 3.16% and a return on equity of 9.95%. The firm earned $667.60 million during the quarter, compared to analysts’ expectations of $655.37 million. During the same period in the previous year, the business posted $0.69 earnings per share. The company’s revenue for the quarter was down .3% compared to the same quarter last year. On average, equities analysts predict that Plexus Corp. will post $2.64 earnings per share for the current year.
A number of brokerages have recently issued reports on PLXS. B. Riley restated a “neutral” rating and issued a $50.00 price objective on shares of Plexus Corp. in a research note on Sunday, August 14th. Needham & Company LLC set a $52.00 price objective on shares of Plexus Corp. and gave the company a “buy” rating in a research note on Friday, September 16th. Finally, Zacks Investment Research cut shares of Plexus Corp. from a “buy” rating to a “hold” rating in a research note on Wednesday, September 21st. Six analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $48.17.
In other Plexus Corp. news, insider Ronnie Darroch sold 1,097 shares of Plexus Corp. stock in a transaction on Monday, August 15th. The shares were sold at an average price of $46.54, for a total transaction of $51,054.38. Following the completion of the transaction, the insider now directly owns 722 shares of the company’s stock, valued at $33,601.88. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, VP Todd P. Kelsey sold 2,000 shares of Plexus Corp. stock in a transaction on Monday, July 25th. The stock was sold at an average price of $45.78, for a total transaction of $91,560.00. Following the transaction, the vice president now directly owns 44,162 shares of the company’s stock, valued at $2,021,736.36. The disclosure for this sale can be found here. Company insiders own 5.30% of the company’s stock.
Plexus Corp. Company Profile
Plexus Corp. (Plexus) and its subsidiaries are engaged in the electronic manufacturing services (EMS) industry. Plexus delivers end-to-end solutions for customers in the Americas (AMER); Europe, Middle East and Africa (EMEA), and Asia-Pacific (APAC) regions. The Company’s segments are AMER, APAC and EMEA.
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