State of Tennessee Treasury Department maintained its position in Plexus Corp. (NASDAQ:PLXS) during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 31,722 shares of the technology company’s stock at the end of the second quarter. State of Tennessee Treasury Department owned about 0.09% of Plexus Corp. worth $1,668,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of PLXS. Ameritas Investment Partners Inc. bought a new position in shares of Plexus Corp. in the first quarter worth $166,000. Cambridge Investment Research Advisors Inc. bought a new position in shares of Plexus Corp. in the first quarter worth $200,000. Neuberger Berman Group LLC boosted its holdings in shares of Plexus Corp. by 0.8% in the second quarter. Neuberger Berman Group LLC now owns 3,834 shares of the technology company’s stock worth $202,000 after acquiring an additional 31 shares during the period. SG Americas Securities LLC boosted its holdings in shares of Plexus Corp. by 20.0% in the first quarter. SG Americas Securities LLC now owns 3,655 shares of the technology company’s stock worth $211,000 after acquiring an additional 609 shares during the period. Finally, Suntrust Banks Inc. boosted its holdings in shares of Plexus Corp. by 1.7% in the first quarter. Suntrust Banks Inc. now owns 5,371 shares of the technology company’s stock worth $310,000 after acquiring an additional 92 shares during the period. 93.93% of the stock is owned by hedge funds and other institutional investors.

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In related news, CAO Angelo Michael Ninivaggi, Jr. sold 10,350 shares of the company’s stock in a transaction on Wednesday, August 23rd. The shares were sold at an average price of $49.46, for a total value of $511,911.00. Following the completion of the transaction, the chief accounting officer now owns 17,009 shares of the company’s stock, valued at approximately $841,265.14. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CAO Angelo Michael Ninivaggi, Jr. sold 8,750 shares of the company’s stock in a transaction on Monday, August 21st. The stock was sold at an average price of $49.38, for a total transaction of $432,075.00. Following the completion of the transaction, the chief accounting officer now directly owns 17,009 shares of the company’s stock, valued at approximately $839,904.42. The disclosure for this sale can be found here. Insiders sold a total of 90,580 shares of company stock valued at $4,862,392 in the last ninety days. 4.30% of the stock is currently owned by insiders.

Shares of Plexus Corp. (NASDAQ:PLXS) opened at 54.28 on Thursday. Plexus Corp. has a 1-year low of $44.35 and a 1-year high of $58.74. The company has a market cap of $1.82 billion, a price-to-earnings ratio of 18.33 and a beta of 0.94. The company’s 50-day moving average price is $51.64 and its 200 day moving average price is $53.24.

Plexus Corp. (NASDAQ:PLXS) last issued its earnings results on Wednesday, July 19th. The technology company reported $0.74 earnings per share for the quarter, topping the consensus estimate of $0.72 by $0.02. The company had revenue of $618.80 million during the quarter, compared to the consensus estimate of $608.95 million. Plexus Corp. had a net margin of 4.07% and a return on equity of 10.76%. Plexus Corp.’s quarterly revenue was down 7.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.82 EPS. On average, analysts predict that Plexus Corp. will post $3.22 earnings per share for the current fiscal year.

A number of equities analysts have recently commented on the company. ValuEngine lowered Plexus Corp. from a “buy” rating to a “hold” rating in a report on Friday, July 14th. Stifel Nicolaus reaffirmed a “hold” rating and issued a $54.00 price target on shares of Plexus Corp. in a report on Tuesday, September 12th. BidaskClub lowered Plexus Corp. from a “sell” rating to a “strong sell” rating in a report on Wednesday, August 16th. Zacks Investment Research lowered Plexus Corp. from a “hold” rating to a “sell” rating in a report on Tuesday, July 25th. Finally, Citigroup Inc. raised their price target on Plexus Corp. from $56.00 to $59.00 and gave the stock a “neutral” rating in a 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 has a consensus rating of “Hold” and a consensus target price of $57.88.

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.

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Institutional Ownership by Quarter for Plexus Corp. (NASDAQ:PLXS)

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