Alliancebernstein L.P. decreased its holdings in shares of Plexus Corp. (NASDAQ:PLXS) by 2.0% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 49,252 shares of the technology company’s stock after selling 1,000 shares during the quarter. Alliancebernstein L.P. owned about 0.15% of Plexus Corp. worth $2,589,000 as of its most recent SEC filing.
Several other institutional investors have also added to or reduced their stakes in PLXS. Ameritas Investment Partners Inc. purchased a new stake in shares of Plexus Corp. during the first quarter worth $166,000. Cambridge Investment Research Advisors Inc. purchased a new stake in shares of Plexus Corp. during the first quarter worth $200,000. Neuberger Berman Group LLC grew its holdings in shares of Plexus Corp. by 0.8% during the second quarter. Neuberger Berman Group LLC now owns 3,834 shares of the technology company’s stock worth $202,000 after buying an additional 31 shares in the last quarter. SG Americas Securities LLC grew its holdings in shares of Plexus Corp. by 20.0% during the first quarter. SG Americas Securities LLC now owns 3,655 shares of the technology company’s stock worth $211,000 after buying an additional 609 shares in the last quarter. Finally, Invictus RG purchased a new stake in shares of Plexus Corp. during the first quarter worth $315,000. 93.93% of the stock is owned by institutional investors and hedge funds.
In other Plexus Corp. news, CEO Todd P. Kelsey sold 11,250 shares of Plexus Corp. stock in a transaction dated Tuesday, July 25th. The stock was sold at an average price of $55.09, for a total value of $619,762.50. Following the completion of the sale, the chief executive officer now owns 57,175 shares in the company, valued at approximately $3,149,770.75. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Ronnie Darroch sold 26,757 shares of Plexus Corp. stock in a transaction dated Monday, July 24th. The shares were sold at an average price of $54.94, for a total value of $1,470,029.58. Following the completion of the sale, the vice president now owns 9,397 shares of the company’s stock, valued at approximately $516,271.18. The disclosure for this sale can be found here. In the last quarter, insiders have sold 90,180 shares of company stock valued at $4,840,872. 4.30% of the stock is currently owned by company insiders.
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Shares of Plexus Corp. (NASDAQ PLXS) opened at 58.70 on Friday. Plexus Corp. has a one year low of $44.35 and a one year high of $59.55. The stock has a market cap of $1.97 billion, a price-to-earnings ratio of 19.82 and a beta of 0.95. The company has a 50 day moving average of $54.41 and a 200-day moving average of $53.36.
Plexus Corp. (NASDAQ:PLXS) last posted its quarterly earnings data on Wednesday, July 19th. The technology company reported $0.74 EPS for the quarter, topping analysts’ consensus estimates of $0.72 by $0.02. The firm had revenue of $618.80 million during the quarter, compared to analysts’ expectations of $608.95 million. Plexus Corp. had a return on equity of 10.76% and a net margin of 4.07%. The firm’s quarterly revenue was down 7.3% compared to the same quarter last year. During the same quarter last year, the business posted $0.82 EPS. On average, analysts anticipate that Plexus Corp. will post $3.22 earnings per share for the current year.
A number of equities research analysts have recently issued reports on the stock. J P Morgan Chase & Co lowered shares of Plexus Corp. from an “overweight” rating to a “neutral” rating and set a $62.00 target price for the company. in a report on Tuesday. ValuEngine raised shares of Plexus Corp. from a “hold” rating to a “buy” rating in a report on Friday, September 22nd. Stifel Nicolaus reissued a “hold” rating and issued a $54.00 price objective (up previously from $50.00) on shares of Plexus Corp. in a report on Friday, July 21st. Zacks Investment Research lowered shares of Plexus Corp. from a “hold” rating to a “sell” rating in a report on Tuesday, July 25th. Finally, Deutsche Bank AG upped their price objective on shares of Plexus Corp. from $50.00 to $54.00 and gave the company a “hold” rating in a report on Friday, July 21st. Two analysts have rated the stock with a sell rating, seven have given a hold rating and two have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $57.00.
About Plexus Corp.
Plexus Corp. (Plexus) and its subsidiaries are engaged in the electronic manufacturing services (EMS) industry. The Company 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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