Amundi Pioneer Asset Management Inc. purchased a new position in Plexus Corp. (NASDAQ:PLXS) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 2,500 shares of the technology company’s stock, valued at approximately $128,000.
Several other hedge funds and other institutional investors also recently bought and sold shares of PLXS. Legal & General Group Plc grew its holdings in Plexus by 5.4% during the 3rd quarter. Legal & General Group Plc now owns 89,301 shares of the technology company’s stock worth $5,227,000 after acquiring an additional 4,587 shares in the last quarter. Hsbc Holdings PLC grew its holdings in Plexus by 15.6% during the 4th quarter. Hsbc Holdings PLC now owns 7,369 shares of the technology company’s stock worth $376,000 after acquiring an additional 995 shares in the last quarter. Federated Investors Inc. PA bought a new position in Plexus during the 3rd quarter worth about $92,000. Geode Capital Management LLC grew its holdings in Plexus by 3.4% during the 4th quarter. Geode Capital Management LLC now owns 386,839 shares of the technology company’s stock worth $19,759,000 after acquiring an additional 12,686 shares in the last quarter. Finally, MetLife Investment Advisors LLC grew its holdings in Plexus by 37.2% during the 3rd quarter. MetLife Investment Advisors LLC now owns 21,158 shares of the technology company’s stock worth $1,238,000 after acquiring an additional 5,736 shares in the last quarter. Hedge funds and other institutional investors own 96.37% of the company’s stock.
Several research analysts have issued reports on PLXS shares. BidaskClub upgraded shares of Plexus from a “sell” rating to a “hold” rating in a report on Friday, January 4th. Sidoti started coverage on shares of Plexus in a report on Wednesday, March 20th. They set a “buy” rating and a $78.00 target price on the stock. Zacks Investment Research upgraded shares of Plexus from a “hold” rating to a “buy” rating and set a $60.00 target price on the stock in a report on Wednesday, January 16th. Finally, Needham & Company LLC reiterated a “buy” rating and set a $72.00 target price on shares of Plexus in a report on Tuesday, April 23rd. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the company. Plexus presently has an average rating of “Hold” and a consensus price target of $70.00.
Plexus (NASDAQ:PLXS) last released its quarterly earnings results on Wednesday, April 17th. The technology company reported $0.79 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.84 by ($0.05). The firm had revenue of $789.10 million for the quarter, compared to analysts’ expectations of $779.03 million. Plexus had a net margin of 4.79% and a return on equity of 12.52%. The business’s quarterly revenue was up 12.9% compared to the same quarter last year. During the same period in the previous year, the company posted $0.74 earnings per share. As a group, equities analysts predict that Plexus Corp. will post 3.46 earnings per share for the current fiscal year.
In related news, Chairman Dean A. Foate sold 60,000 shares of the stock in a transaction that occurred on Thursday, March 21st. The shares were sold at an average price of $63.00, for a total value of $3,780,000.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Todd P. Kelsey sold 10,693 shares of the stock in a transaction that occurred on Wednesday, April 24th. The shares were sold at an average price of $60.89, for a total transaction of $651,096.77. Following the completion of the transaction, the chief executive officer now directly owns 87,548 shares of the company’s stock, valued at $5,330,797.72. The disclosure for this sale can be found here. Over the last three months, insiders have sold 90,018 shares of company stock valued at $5,625,369. Insiders own 3.90% of the company’s stock.
Plexus Corp., together with its subsidiaries, provides electronic manufacturing services in the Americas, Europe, the Middle East, Africa, and the Asia-Pacific. It offers design and development, supply chain, new product introduction, and manufacturing solutions, as well as aftermarket services. The company provides its solutions to companies in the healthcare and life sciences, industrial and commercial, communications, and aerospace and defense sectors.
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