Plexus Corp. (NASDAQ:PLXS) Shares Bought by California Public Employees Retirement System

California Public Employees Retirement System boosted its holdings in shares of Plexus Corp. (NASDAQ:PLXS) by 2.3% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 86,794 shares of the technology company’s stock after buying an additional 1,942 shares during the period. California Public Employees Retirement System owned approximately 0.26% of Plexus worth $4,867,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also bought and sold shares of the stock. Schwab Charles Investment Management Inc. boosted its stake in shares of Plexus by 4.0% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 254,926 shares of the technology company’s stock worth $13,402,000 after acquiring an additional 9,832 shares in the last quarter. Legal & General Group Plc boosted its stake in Plexus by 5.4% during the 2nd quarter. Legal & General Group Plc now owns 80,736 shares of the technology company’s stock valued at $4,244,000 after purchasing an additional 4,169 shares during the period. BNP Paribas Arbitrage SA boosted its stake in Plexus by 62.6% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 11,878 shares of the technology company’s stock valued at $624,000 after purchasing an additional 4,571 shares during the period. Neuberger Berman Group LLC boosted its stake in Plexus by 0.8% during the 2nd quarter. Neuberger Berman Group LLC now owns 3,834 shares of the technology company’s stock valued at $202,000 after purchasing an additional 31 shares during the period. Finally, Principal Financial Group Inc. boosted its stake in Plexus by 3.8% during the 2nd quarter. Principal Financial Group Inc. now owns 282,731 shares of the technology company’s stock valued at $14,864,000 after purchasing an additional 10,388 shares during the period. 93.95% of the stock is currently owned by hedge funds and other institutional investors.

Plexus Corp. (PLXS) opened at $65.87 on Tuesday. The company has a market capitalization of $2,220.00, a price-to-earnings ratio of 20.33 and a beta of 0.88. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.78 and a quick ratio of 1.06. Plexus Corp. has a 12-month low of $49.06 and a 12-month high of $65.88.

Plexus (NASDAQ:PLXS) last announced its quarterly earnings data on Wednesday, October 25th. The technology company reported $0.84 EPS for the quarter, beating the Zacks’ consensus estimate of $0.82 by $0.02. Plexus had a return on equity of 11.48% and a net margin of 4.43%. The firm had revenue of $670.00 million for the quarter, compared to analyst estimates of $676.23 million. During the same period last year, the company earned $0.82 EPS. The business’s quarterly revenue was up 2.6% compared to the same quarter last year. equities research analysts predict that Plexus Corp. will post 3.41 earnings per share for the current fiscal year.

PLXS has been the subject of several recent research reports. Longbow Research raised Plexus from a “neutral” rating to a “buy” rating in a report on Monday, January 8th. ValuEngine raised Plexus from a “hold” rating to a “buy” rating in a report on Sunday, December 31st. Citigroup increased their target price on Plexus from $59.00 to $65.00 and gave the stock a “neutral” rating in a report on Friday, October 27th. JPMorgan Chase & Co. cut Plexus from an “overweight” rating to a “neutral” rating and set a $62.00 target price for the company. in a report on Tuesday, October 10th. Finally, BidaskClub cut Plexus from a “hold” rating to a “sell” rating in a report on Saturday, December 16th. Two analysts have rated the stock with a sell rating, six have given a hold rating and three have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $57.86.

In other Plexus news, CAO Angelo Michael Ninivaggi, Jr. sold 16,000 shares of Plexus stock in a transaction dated Tuesday, October 31st. The stock was sold at an average price of $61.58, for a total value of $985,280.00. Following the sale, the chief accounting officer now owns 18,159 shares of the company’s stock, valued at approximately $1,118,231.22. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Chairman Dean A. Foate sold 12,300 shares of Plexus stock in a transaction dated Tuesday, November 28th. The shares were sold at an average price of $63.41, for a total value of $779,943.00. Following the completion of the sale, the chairman now directly owns 295,220 shares in the company, valued at approximately $18,719,900.20. The disclosure for this sale can be found here. Insiders sold a total of 205,696 shares of company stock worth $12,706,971 over the last 90 days. 3.70% of the stock is owned by corporate insiders.

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About Plexus

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.

Institutional Ownership by Quarter for Plexus (NASDAQ:PLXS)

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