Bank of New York Mellon Corp boosted its holdings in Plexus Corp. (NASDAQ:PLXS) by 0.2% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 595,503 shares of the technology company’s stock after purchasing an additional 1,304 shares during the quarter. Bank of New York Mellon Corp owned about 1.77% of Plexus Corp. worth $31,306,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. SG Americas Securities LLC grew its position in Plexus Corp. by 210.0% in the 2nd quarter. SG Americas Securities LLC now owns 11,330 shares of the technology company’s stock valued at $596,000 after purchasing an additional 7,675 shares during the period. Foundry Partners LLC grew its position in Plexus Corp. by 41.1% in the 2nd quarter. Foundry Partners LLC now owns 8,325 shares of the technology company’s stock valued at $438,000 after purchasing an additional 2,425 shares during the period. Schwab Charles Investment Management Inc. grew its position in Plexus Corp. by 4.0% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 254,926 shares of the technology company’s stock valued at $13,402,000 after purchasing an additional 9,832 shares during the period. Texas Permanent School Fund grew its position in Plexus Corp. by 0.9% in the 2nd quarter. Texas Permanent School Fund now owns 24,617 shares of the technology company’s stock valued at $1,294,000 after purchasing an additional 224 shares during the period. Finally, Bessemer Group Inc. grew its position in Plexus Corp. by 1.2% in the 2nd quarter. Bessemer Group Inc. now owns 42,100 shares of the technology company’s stock valued at $2,213,000 after purchasing an additional 500 shares during the period. 94.51% of the stock is owned by institutional investors and hedge funds.

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In related news, VP Ronnie Darroch sold 26,757 shares of the stock in a transaction on Monday, July 24th. The stock was sold at an average price of $54.94, for a total transaction of $1,470,029.58. Following the sale, the vice president now directly owns 9,397 shares of the company’s stock, valued at $516,271.18. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider Oliver K. Mihm sold 2,749 shares of the stock in a transaction on Thursday, July 20th. The shares were sold at an average price of $54.87, for a total value of $150,837.63. Following the sale, the insider now directly owns 6,223 shares in the company, valued at $341,456.01. The disclosure for this sale can be found here. Insiders have sold 90,580 shares of company stock worth $4,862,392 over the last ninety days. 4.30% of the stock is currently owned by insiders.

Plexus Corp. (PLXS) opened at 51.49 on Monday. Plexus Corp. has a 12-month low of $44.35 and a 12-month high of $58.74. The firm’s 50-day moving average is $51.94 and its 200-day moving average is $53.52. The stock has a market capitalization of $1.73 billion, a P/E ratio of 17.38 and a beta of 0.94.

Plexus Corp. (NASDAQ:PLXS) last released its quarterly earnings data on Wednesday, July 19th. The technology company reported $0.74 EPS for the quarter, beating the 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 company had revenue of $618.80 million for the quarter, compared to analysts’ expectations of $608.95 million. During the same period last year, the firm posted $0.82 earnings per share. Plexus Corp.’s revenue was down 7.3% compared to the same quarter last year. Analysts predict that Plexus Corp. will post $3.22 EPS for the current fiscal year.

Several analysts recently issued reports on PLXS shares. BidaskClub downgraded shares of Plexus Corp. from a “buy” rating to a “hold” rating in a research report on Thursday, June 15th. Zacks Investment Research raised shares of Plexus Corp. from a “sell” rating to a “hold” rating in a research report on Wednesday, June 21st. ValuEngine downgraded shares of Plexus Corp. from a “buy” rating to a “hold” rating in a research report on Friday, July 14th. Stifel Nicolaus reissued a “hold” rating and issued a $54.00 price target (up previously from $50.00) on shares of Plexus Corp. in a research report on Friday, July 21st. Finally, Deutsche Bank AG lifted their price target on shares of Plexus Corp. from $50.00 to $54.00 and gave the company a “hold” rating in a research report on Friday, July 21st. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $57.88.

About Plexus Corp.

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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