TIAA CREF Investment Management LLC boosted its position in Plexus Corp. (NASDAQ:PLXS) by 1.2% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 117,792 shares of the technology company’s stock after buying an additional 1,436 shares during the period. TIAA CREF Investment Management LLC owned 0.35% of Plexus Corp. worth $6,808,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in the company. Norges Bank purchased a new stake in shares of Plexus Corp. during the fourth quarter worth about $22,421,000. Bank of New York Mellon Corp raised its stake in shares of Plexus Corp. by 40.4% in the first quarter. Bank of New York Mellon Corp now owns 594,199 shares of the technology company’s stock worth $34,344,000 after buying an additional 170,844 shares during the period. FMR LLC raised its stake in shares of Plexus Corp. by 412.9% in the first quarter. FMR LLC now owns 172,066 shares of the technology company’s stock worth $9,945,000 after buying an additional 138,520 shares during the period. State Street Corp raised its stake in shares of Plexus Corp. by 9.1% in the fourth quarter. State Street Corp now owns 817,047 shares of the technology company’s stock worth $44,154,000 after buying an additional 68,072 shares during the period. Finally, American Century Companies Inc. raised its stake in shares of Plexus Corp. by 285.6% in the first quarter. American Century Companies Inc. now owns 75,907 shares of the technology company’s stock worth $4,387,000 after buying an additional 56,220 shares during the period. Hedge funds and other institutional investors own 95.20% of the company’s stock.

Shares of Plexus Corp. (NASDAQ PLXS) traded down 0.28% on Tuesday, reaching $52.54. 75,500 shares of the company’s stock traded hands. Plexus Corp. has a 52 week low of $44.35 and a 52 week high of $58.74. The firm has a market capitalization of $1.76 billion, a P/E ratio of 17.74 and a beta of 0.93. The company’s 50-day moving average is $52.94 and its 200-day moving average is $54.17.

Plexus Corp. (NASDAQ:PLXS) last announced its earnings results on Wednesday, July 19th. The technology company reported $0.74 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.72 by $0.02. Plexus Corp. had a return on equity of 10.76% and a net margin of 4.07%. The business had revenue of $618.80 million for the quarter, compared to analysts’ expectations of $608.95 million. During the same period in the prior year, the business posted $0.82 earnings per share. The firm’s revenue was down 7.3% on a year-over-year basis. Equities research analysts anticipate that Plexus Corp. will post $3.22 earnings per share for the current fiscal year.

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PLXS has been the topic of a number of analyst reports. BidaskClub lowered shares of Plexus Corp. from a “buy” rating to a “hold” rating in a research report on Thursday, June 15th. Royal Bank Of Canada reaffirmed a “sector perform” rating and set a $57.00 price target on shares of Plexus Corp. in a research note on Saturday, April 22nd. Zacks Investment Research downgraded shares of Plexus Corp. from a “hold” rating to a “sell” rating in a research note on Monday, April 24th. Deutsche Bank AG increased their price target on shares of Plexus Corp. from $50.00 to $54.00 and gave the stock a “hold” rating in a research note on Friday, July 21st. Finally, Citigroup Inc. increased their price target on shares of Plexus Corp. from $56.00 to $59.00 and gave the stock a “neutral” rating in a research note on Friday, July 21st. Two analysts have rated the stock with a sell rating, eight have given a hold rating and one has issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $58.25.

In other Plexus Corp. news, insider Oliver K. Mihm sold 1,300 shares of the business’s stock in a transaction that occurred on Wednesday, July 19th. The stock was sold at an average price of $53.80, for a total value of $69,940.00. Following the transaction, the insider now directly owns 6,223 shares of the company’s stock, valued at $334,797.40. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Michael V. Schrock sold 5,000 shares of the company’s stock in a transaction that occurred on Tuesday, May 16th. The stock was sold at an average price of $51.37, for a total value of $256,850.00. Following the transaction, the director now directly owns 28,298 shares in the company, valued at $1,453,668.26. The disclosure for this sale can be found here. Insiders sold 80,106 shares of company stock worth $4,373,206 over the last quarter. 4.30% of the stock is currently owned by company insiders.

Plexus Corp. Company Profile

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 Corp. (NASDAQ:PLXS)

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