Neuberger Berman Group LLC raised its stake in Plexus Corp. (NASDAQ:PLXS) by 0.8% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 3,834 shares of the technology company’s stock after acquiring an additional 31 shares during the period. Neuberger Berman Group LLC’s holdings in Plexus Corp. were worth $202,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Suntrust Banks Inc. increased its holdings in Plexus Corp. by 1.7% in the 1st quarter. Suntrust Banks Inc. now owns 5,371 shares of the technology company’s stock valued at $310,000 after acquiring an additional 92 shares during the last quarter. Municipal Employees Retirement System of Michigan increased its holdings in shares of Plexus Corp. by 1.2% in the 1st quarter. Municipal Employees Retirement System of Michigan now owns 12,950 shares of the technology company’s stock worth $749,000 after buying an additional 150 shares during the last quarter. Texas Permanent School Fund increased its holdings in shares of Plexus Corp. by 0.9% in the 2nd quarter. Texas Permanent School Fund now owns 24,617 shares of the technology company’s stock worth $1,294,000 after buying an additional 224 shares during the last quarter. Legal & General Group Plc increased its holdings in shares of Plexus Corp. by 0.3% in the 1st quarter. Legal & General Group Plc now owns 76,567 shares of the technology company’s stock worth $4,426,000 after buying an additional 231 shares during the last quarter. Finally, Arizona State Retirement System increased its holdings in shares of Plexus Corp. by 1.7% in the 1st quarter. Arizona State Retirement System now owns 17,539 shares of the technology company’s stock worth $1,014,000 after buying an additional 300 shares during the last quarter. Institutional investors own 93.93% of the company’s stock.

PLXS has been the topic of a number of research reports. BidaskClub downgraded shares of Plexus Corp. from a “buy” rating to a “hold” rating in a report on Thursday, June 15th. Zacks Investment Research upgraded shares of Plexus Corp. from a “sell” rating to a “hold” rating in a report on Wednesday, June 21st. ValuEngine downgraded shares of Plexus Corp. from a “buy” rating to a “hold” rating in a report on Friday, July 14th. Stifel Nicolaus restated a “hold” rating and issued a $54.00 target price (up from $50.00) on shares of Plexus Corp. in a report on Friday, July 21st. Finally, Deutsche Bank AG boosted their target price on shares of Plexus Corp. from $50.00 to $54.00 and gave the stock a “hold” rating in a report on Friday, July 21st. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and three have given a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $57.88.

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Shares of Plexus Corp. (NASDAQ:PLXS) opened at 56.49 on Thursday. The stock has a 50 day moving average of $51.64 and a 200-day moving average of $53.24. Plexus Corp. has a 12-month low of $44.35 and a 12-month high of $58.74. The company has a market capitalization of $1.90 billion, a P/E ratio of 19.07 and a beta of 0.94.

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

In related news, insider Oliver K. Mihm sold 2,749 shares of the firm’s stock in a transaction dated Thursday, July 20th. The shares were sold at an average price of $54.87, for a total transaction of $150,837.63. Following the completion of the sale, the insider now directly owns 6,223 shares in the company, valued at $341,456.01. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Ralf R. Boer sold 1,374 shares of the firm’s stock in a transaction dated Wednesday, August 23rd. The stock was sold at an average price of $50.00, for a total transaction of $68,700.00. Following the sale, the director now owns 23,124 shares of the company’s stock, valued at $1,156,200. The disclosure for this sale can be found here. Insiders sold 90,180 shares of company stock valued at $4,840,872 over the last quarter. Company insiders own 4.30% of the company’s stock.

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.

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

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