Dimensional Fund Advisors LP decreased its stake in Plexus Corp. (NASDAQ:PLXS) by 1.3% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,732,408 shares of the technology company’s stock after selling 35,670 shares during the period. Dimensional Fund Advisors LP owned 8.48% of Plexus worth $159,873,000 at the end of the most recent reporting period.
Other institutional investors also recently modified their holdings of the company. Cambridge Investment Research Advisors Inc. acquired a new position in shares of Plexus in the 2nd quarter valued at $205,000. Jane Street Group LLC acquired a new position in shares of Plexus in the 2nd quarter valued at $214,000. Paloma Partners Management Co acquired a new position in shares of Plexus in the 2nd quarter valued at $270,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS acquired a new position in shares of Plexus in the 2nd quarter valued at $415,000. Finally, Bank of Montreal Can boosted its stake in Plexus by 413.3% during the 2nd quarter. Bank of Montreal Can now owns 9,466 shares of the technology company’s stock worth $563,000 after purchasing an additional 7,622 shares during the period. Institutional investors and hedge funds own 95.46% of the company’s stock.
A number of brokerages recently weighed in on PLXS. Zacks Investment Research reiterated a “hold” rating on shares of Plexus in a research note on Wednesday, November 14th. BidaskClub upgraded shares of Plexus from a “sell” rating to a “hold” rating in a research note on Thursday, November 1st. Finally, ValuEngine cut shares of Plexus from a “buy” rating to a “hold” rating in a research note on Thursday, September 27th. Four investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Plexus presently has an average rating of “Hold” and an average price target of $70.67.
Shares of NASDAQ:PLXS opened at $61.04 on Monday. The firm has a market cap of $1.92 billion, a P/E ratio of 18.90 and a beta of 0.60. The company has a quick ratio of 0.98, a current ratio of 2.06 and a debt-to-equity ratio of 0.20. Plexus Corp. has a 1-year low of $52.44 and a 1-year high of $66.78.
Plexus (NASDAQ:PLXS) last issued its quarterly earnings results on Wednesday, October 24th. The technology company reported $0.96 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.87 by $0.09. The firm had revenue of $771.18 million during the quarter, compared to analysts’ expectations of $760.98 million. Plexus had a net margin of 0.45% and a return on equity of 11.98%. Plexus’s quarterly revenue was up 15.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.84 EPS. As a group, research analysts expect that Plexus Corp. will post 3.87 earnings per share for the current fiscal year.
In other Plexus news, Director Ralf R. Boer sold 2,500 shares of the company’s stock in a transaction on Wednesday, November 28th. The shares were sold at an average price of $60.50, for a total transaction of $151,250.00. Following the completion of the transaction, the director now owns 26,790 shares in the company, valued at approximately $1,620,795. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Chairman Dean A. Foate sold 10,000 shares of the company’s stock in a transaction on Tuesday, September 4th. The stock was sold at an average price of $63.07, for a total transaction of $630,700.00. Following the transaction, the chairman now owns 282,640 shares of the company’s stock, valued at approximately $17,826,104.80. The disclosure for this sale can be found here. In the last quarter, insiders have sold 47,550 shares of company stock valued at $2,862,507. 3.70% of the stock is owned by company insiders.
Plexus Company Profile
Plexus Corp., together with its subsidiaries, provides electronic manufacturing services in the Americas, Europe, the Middle East, Africa, and the Asia-Pacific. It offers product conceptualization solutions; and product design and value-engineering solutions, including program management, feasibility studies, specification development for product features and functionality, circuit design, field programmable gate array design, printed circuit board layout, embedded software design, mechanical design, test specifications development and product verification testing, and automated production solutions and complex automation design.
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