Arizona State Retirement System Has $831,000 Stock Holdings in Plexus Corp. (NASDAQ:PLXS)

Arizona State Retirement System cut its holdings in Plexus Corp. (NASDAQ:PLXS) by 2.4% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 7,683 shares of the technology company’s stock after selling 188 shares during the quarter. Arizona State Retirement System’s holdings in Plexus were worth $831,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of PLXS. Citigroup Inc. lifted its stake in Plexus by 8.3% in the 1st quarter. Citigroup Inc. now owns 24,447 shares of the technology company’s stock valued at $2,000,000 after acquiring an additional 1,870 shares in the last quarter. Bank of Montreal Can lifted its stake in Plexus by 7.5% in the 1st quarter. Bank of Montreal Can now owns 8,488 shares of the technology company’s stock valued at $716,000 after acquiring an additional 592 shares in the last quarter. MetLife Investment Management LLC lifted its stake in Plexus by 54.1% in the 1st quarter. MetLife Investment Management LLC now owns 14,788 shares of the technology company’s stock valued at $1,210,000 after acquiring an additional 5,189 shares in the last quarter. Rhumbline Advisers lifted its stake in Plexus by 5.4% in the 1st quarter. Rhumbline Advisers now owns 79,836 shares of the technology company’s stock valued at $6,531,000 after acquiring an additional 4,057 shares in the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its stake in Plexus by 13.4% in the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 24,222 shares of the technology company’s stock valued at $1,982,000 after acquiring an additional 2,871 shares in the last quarter. 94.45% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms have commented on PLXS. Benchmark restated a “buy” rating and issued a $110.00 target price on shares of Plexus in a research note on Wednesday, January 17th. Needham & Company LLC dropped their price objective on Plexus from $110.00 to $107.00 and set a “buy” rating on the stock in a research note on Thursday, January 25th. Sidoti cut Plexus from a “buy” rating to a “neutral” rating and set a $112.00 price objective on the stock. in a research note on Tuesday, January 9th. Finally, TheStreet cut Plexus from a “b” rating to a “c+” rating in a research note on Tuesday, February 13th. Two research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $109.67.

Insider Buying and Selling at Plexus

In other Plexus news, CAO Angelo Michael Ninivaggi, Jr. sold 3,694 shares of the company’s stock in a transaction on Thursday, February 15th. The stock was sold at an average price of $97.18, for a total value of $358,982.92. Following the transaction, the chief accounting officer now directly owns 40,875 shares of the company’s stock, valued at approximately $3,972,232.50. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In other news, CAO Angelo Michael Ninivaggi, Jr. sold 3,694 shares of the stock in a transaction on Thursday, February 15th. The stock was sold at an average price of $97.18, for a total transaction of $358,982.92. Following the sale, the chief accounting officer now directly owns 40,875 shares of the company’s stock, valued at approximately $3,972,232.50. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CFO Patrick John Jermain sold 4,399 shares of the stock in a transaction on Monday, February 12th. The stock was sold at an average price of $99.86, for a total value of $439,284.14. Following the sale, the chief financial officer now directly owns 45,504 shares in the company, valued at $4,544,029.44. The disclosure for this sale can be found here. Insiders have sold a total of 32,453 shares of company stock valued at $3,112,875 in the last ninety days. 2.39% of the stock is currently owned by corporate insiders.

Plexus Stock Down 1.3 %

PLXS opened at $93.68 on Thursday. Plexus Corp. has a 1-year low of $83.84 and a 1-year high of $114.06. The stock’s fifty day simple moving average is $94.52 and its 200 day simple moving average is $98.32. The company has a current ratio of 1.52, a quick ratio of 0.62 and a debt-to-equity ratio of 0.15. The stock has a market cap of $2.59 billion, a PE ratio of 20.86 and a beta of 1.02.

Plexus (NASDAQ:PLXS) last issued its quarterly earnings data on Thursday, January 25th. The technology company reported $1.04 EPS for the quarter, missing analysts’ consensus estimates of $1.05 by ($0.01). Plexus had a net margin of 3.08% and a return on equity of 12.16%. The firm had revenue of $982.61 million during the quarter, compared to analyst estimates of $982.57 million. During the same period in the prior year, the company earned $1.49 earnings per share. The business’s quarterly revenue was down 10.2% compared to the same quarter last year. As a group, research analysts expect that Plexus Corp. will post 4.25 earnings per share for the current year.

Plexus Profile

Plexus Corp. 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.