Plexus Corp. (NASDAQ:PLXS) Shares Sold by Swiss National Bank

Swiss National Bank reduced its position in Plexus Corp. (NASDAQ:PLXS) by 10.8% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 59,700 shares of the technology company’s stock after selling 7,200 shares during the period. Swiss National Bank owned approximately 0.22% of Plexus worth $5,825,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Quadrant Capital Group LLC lifted its stake in shares of Plexus by 10.1% in the 4th quarter. Quadrant Capital Group LLC now owns 1,539 shares of the technology company’s stock valued at $158,000 after purchasing an additional 141 shares in the last quarter. Chartwell Investment Partners LLC lifted its position in Plexus by 4.7% during the 4th quarter. Chartwell Investment Partners LLC now owns 169,001 shares of the technology company’s stock worth $17,395,000 after acquiring an additional 7,650 shares in the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. lifted its position in Plexus by 0.6% during the 4th quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 956,182 shares of the technology company’s stock worth $98,420,000 after acquiring an additional 5,564 shares in the last quarter. Phocas Financial Corp. lifted its position in Plexus by 1.0% during the 1st quarter. Phocas Financial Corp. now owns 55,772 shares of the technology company’s stock worth $5,442,000 after acquiring an additional 564 shares in the last quarter. Finally, ExodusPoint Capital Management LP lifted its position in Plexus by 298.1% during the 4th quarter. ExodusPoint Capital Management LP now owns 16,980 shares of the technology company’s stock worth $1,748,000 after acquiring an additional 12,715 shares in the last quarter. 92.91% of the stock is owned by institutional investors and hedge funds.

Plexus Stock Performance

PLXS stock opened at $101.32 on Wednesday. The company has a current ratio of 1.44, a quick ratio of 0.60 and a debt-to-equity ratio of 0.16. The firm has a market cap of $2.78 billion, a P/E ratio of 19.19 and a beta of 1.11. Plexus Corp. has a 12-month low of $83.84 and a 12-month high of $115.36. The stock’s 50 day simple moving average is $98.21 and its 200 day simple moving average is $95.04.

Plexus (NASDAQ:PLXS) last issued its earnings results on Wednesday, July 26th. The technology company reported $1.32 earnings per share for the quarter, topping the consensus estimate of $1.15 by $0.17. Plexus had a return on equity of 14.79% and a net margin of 3.46%. The firm had revenue of $1.02 billion for the quarter, compared to analyst estimates of $1.03 billion. As a group, equities research analysts predict that Plexus Corp. will post 5.53 EPS for the current year.

Insider Activity

In related news, CEO Todd P. Kelsey sold 6,000 shares of the firm’s stock in a transaction dated Thursday, August 10th. The stock was sold at an average price of $97.00, for a total transaction of $582,000.00. Following the completion of the transaction, the chief executive officer now owns 119,885 shares of the company’s stock, valued at $11,628,845. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In related news, CEO Todd P. Kelsey sold 6,000 shares of the firm’s stock in a transaction dated Thursday, August 10th. The stock was sold at an average price of $97.00, for a total transaction of $582,000.00. Following the completion of the transaction, the chief executive officer now owns 119,885 shares of the company’s stock, valued at $11,628,845. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Todd P. Kelsey sold 2,000 shares of the firm’s stock in a transaction dated Tuesday, August 22nd. The shares were sold at an average price of $99.00, for a total value of $198,000.00. Following the transaction, the chief executive officer now directly owns 117,885 shares of the company’s stock, valued at approximately $11,670,615. The disclosure for this sale can be found here. Corporate insiders own 2.05% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on PLXS shares. Needham & Company LLC upped their target price on Plexus from $105.00 to $107.00 and gave the company a “buy” rating in a research report on Friday, July 28th. StockNews.com started coverage on Plexus in a research report on Thursday, August 17th. They issued a “hold” rating on the stock. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat, Plexus currently has a consensus rating of “Hold” and a consensus target price of $106.80.

Plexus Profile

Plexus Corp., together with its subsidiaries, provides electronic manufacturing services in the United States and internationally. It offers design, develop, supply chain, new product introduction, and manufacturing solutions, as well as sustaining services to companies in the healthcare/life sciences, industrial/commercial, aerospace/defense, and communications market sectors.