Nicholas Investment Partners LP acquired a new position in Plexus Corp. (NASDAQ:PLXS) in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 33,520 shares of the technology company’s stock, valued at approximately $1,880,000. Nicholas Investment Partners LP owned approximately 0.10% of Plexus as of its most recent SEC filing.
Other large investors have also modified their holdings of the company. Mutual of America Capital Management LLC raised its stake in Plexus by 2.8% in the third quarter. Mutual of America Capital Management LLC now owns 68,101 shares of the technology company’s stock worth $3,819,000 after buying an additional 1,861 shares in the last quarter. Disciplined Growth Investors Inc. MN raised its stake in Plexus by 0.5% in the second quarter. Disciplined Growth Investors Inc. MN now owns 3,038,867 shares of the technology company’s stock worth $159,753,000 after buying an additional 16,329 shares in the last quarter. Principal Financial Group Inc. raised its stake in Plexus by 3.8% in the second quarter. Principal Financial Group Inc. now owns 282,731 shares of the technology company’s stock worth $14,864,000 after buying an additional 10,388 shares in the last quarter. Brandywine Global Investment Management LLC bought a new position in Plexus in the second quarter worth approximately $5,016,000. Finally, FMR LLC raised its stake in Plexus by 546.1% in the second quarter. FMR LLC now owns 1,111,655 shares of the technology company’s stock worth $58,440,000 after buying an additional 939,589 shares in the last quarter. 94.16% of the stock is owned by institutional investors.
A number of equities analysts have recently issued reports on the company. BidaskClub downgraded Plexus from a “sell” rating to a “strong sell” rating in a research report on Wednesday, August 16th. Stifel Nicolaus reaffirmed a “hold” rating and set a $54.00 price target on shares of Plexus in a research report on Tuesday, September 12th. J P Morgan Chase & Co downgraded Plexus from an “overweight” rating to a “neutral” rating and set a $62.00 price target on the stock. in a research report on Tuesday, October 10th. ValuEngine raised Plexus from a “hold” rating to a “buy” rating in a research report on Friday, September 22nd. Finally, Zacks Investment Research downgraded Plexus from a “hold” rating to a “sell” rating in a research report on Monday, October 30th. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and two have assigned a buy rating to the stock. Plexus has an average rating of “Hold” and a consensus price target of $57.86.
Plexus Corp. (NASDAQ PLXS) opened at $60.70 on Thursday. The stock has a market capitalization of $2,050.00, a price-to-earnings ratio of 18.98 and a beta of 0.87. The company has a current ratio of 1.78, a quick ratio of 1.06 and a debt-to-equity ratio of 0.03. Plexus Corp. has a 12-month low of $49.06 and a 12-month high of $64.12.
Plexus (NASDAQ:PLXS) last announced its quarterly earnings data on Wednesday, October 25th. The technology company reported $0.84 earnings per share for the quarter, beating analysts’ consensus estimates of $0.82 by $0.02. The firm had revenue of $670.00 million for the quarter, compared to analyst estimates of $676.23 million. Plexus had a net margin of 4.43% and a return on equity of 11.48%. The business’s quarterly revenue was up 2.6% compared to the same quarter last year. During the same period in the previous year, the company earned $0.82 earnings per share. equities research analysts anticipate that Plexus Corp. will post 3.41 EPS for the current year.
In other news, Chairman Dean A. Foate sold 33,750 shares of the business’s stock in a transaction on Monday, October 30th. The shares were sold at an average price of $61.22, for a total transaction of $2,066,175.00. Following the sale, the chairman now directly owns 303,920 shares of the company’s stock, valued at $18,605,982.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Chairman Dean A. Foate sold 1,000 shares of the business’s stock in a transaction on Friday, November 3rd. The shares were sold at an average price of $60.38, for a total transaction of $60,380.00. Following the sale, the chairman now directly owns 288,920 shares in the company, valued at $17,444,989.60. The disclosure for this sale can be found here. Insiders have sold 205,696 shares of company stock worth $12,706,971 over the last three months. Corporate insiders own 4.30% of the company’s stock.
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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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