Los Angeles Capital Management LLC Acquires Shares of 7,187 Plexus Corp. (NASDAQ:PLXS)

Los Angeles Capital Management LLC acquired a new stake in Plexus Corp. (NASDAQ:PLXSGet Rating) during the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor acquired 7,187 shares of the technology company’s stock, valued at approximately $564,000.

Several other large investors have also recently added to or reduced their stakes in the stock. BlackRock Inc. increased its stake in Plexus by 0.3% in the 1st quarter. BlackRock Inc. now owns 4,425,537 shares of the technology company’s stock valued at $362,052,000 after buying an additional 15,398 shares during the period. Disciplined Growth Investors Inc. MN increased its stake in shares of Plexus by 3.4% during the 1st quarter. Disciplined Growth Investors Inc. MN now owns 2,272,258 shares of the technology company’s stock worth $185,893,000 after purchasing an additional 74,646 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in shares of Plexus by 0.5% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,818,606 shares of the technology company’s stock worth $148,782,000 after purchasing an additional 8,305 shares during the last quarter. Victory Capital Management Inc. increased its stake in shares of Plexus by 1.2% during the 2nd quarter. Victory Capital Management Inc. now owns 1,039,018 shares of the technology company’s stock worth $81,563,000 after purchasing an additional 12,788 shares during the last quarter. Finally, Cooke & Bieler LP increased its stake in shares of Plexus by 20.7% during the 1st quarter. Cooke & Bieler LP now owns 865,939 shares of the technology company’s stock worth $70,842,000 after purchasing an additional 148,590 shares during the last quarter. Institutional investors and hedge funds own 96.53% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently issued reports on the stock. JPMorgan Chase & Co. downgraded shares of Plexus from a “neutral” rating to an “underweight” rating and set a $85.00 price objective for the company. in a report on Friday, August 12th. Raymond James upped their price objective on shares of Plexus from $105.00 to $115.00 and gave the stock an “outperform” rating in a report on Friday, October 28th. Needham & Company LLC upped their price objective on shares of Plexus from $105.00 to $112.00 and gave the stock a “buy” rating in a report on Friday, October 28th. Benchmark upped their price objective on shares of Plexus to $110.00 in a report on Tuesday, November 1st. Finally, StockNews.com assumed coverage on shares of Plexus in a report on Wednesday, October 12th. They set a “hold” rating for the company. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $105.50.

Insider Buying and Selling at Plexus

In other Plexus news, CFO Patrick John Jermain sold 2,500 shares of the stock in a transaction on Wednesday, November 2nd. The shares were sold at an average price of $101.20, for a total value of $253,000.00. Following the completion of the sale, the chief financial officer now directly owns 42,934 shares of the company’s stock, valued at approximately $4,344,920.80. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. In other news, CFO Patrick John Jermain sold 2,500 shares of the firm’s stock in a transaction dated Wednesday, November 2nd. The shares were sold at an average price of $101.20, for a total transaction of $253,000.00. Following the completion of the transaction, the chief financial officer now directly owns 42,934 shares of the company’s stock, valued at approximately $4,344,920.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Steven J. Frisch sold 400 shares of the firm’s stock in a transaction dated Wednesday, November 2nd. The stock was sold at an average price of $102.97, for a total transaction of $41,188.00. Following the transaction, the insider now directly owns 49,686 shares of the company’s stock, valued at $5,116,167.42. The disclosure for this sale can be found here. Insiders sold a total of 17,661 shares of company stock valued at $1,770,768 in the last ninety days. Company insiders own 2.17% of the company’s stock.

Plexus Price Performance

Shares of Plexus stock opened at $103.83 on Thursday. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.40 and a quick ratio of 0.60. Plexus Corp. has a fifty-two week low of $72.88 and a fifty-two week high of $104.90. The firm has a fifty day moving average price of $92.70 and a two-hundred day moving average price of $87.60. The company has a market cap of $2.88 billion, a PE ratio of 21.28 and a beta of 1.11.

Plexus Profile

(Get Rating)

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 to companies in the healthcare/life sciences, industrial/commercial, aerospace/defense, and communications market sectors.

See Also

Institutional Ownership by Quarter for Plexus (NASDAQ:PLXS)

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