Plexus Corp. (PLXS) Holdings Cut by Disciplined Growth Investors Inc. MN
Disciplined Growth Investors Inc. MN lowered its stake in shares of Plexus Corp. (NASDAQ:PLXS) by 2.0% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,978,142 shares of the technology company’s stock after selling 60,725 shares during the period. Plexus makes up 3.5% of Disciplined Growth Investors Inc. MN’s portfolio, making the stock its 7th biggest position. Disciplined Growth Investors Inc. MN owned approximately 8.90% of Plexus worth $167,014,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors and hedge funds also recently modified their holdings of PLXS. Riverhead Capital Management LLC boosted its holdings in Plexus by 69.0% during the second quarter. Riverhead Capital Management LLC now owns 2,366 shares of the technology company’s stock worth $124,000 after buying an additional 966 shares during the last quarter. Appleton Group LLC acquired a new stake in shares of Plexus during the third quarter worth about $201,000. Neuberger Berman Group LLC raised its position in shares of Plexus by 0.8% during the second quarter. Neuberger Berman Group LLC now owns 3,834 shares of the technology company’s stock worth $202,000 after purchasing an additional 31 shares during the period. Amalgamated Bank raised its position in shares of Plexus by 1.4% during the second quarter. Amalgamated Bank now owns 4,582 shares of the technology company’s stock worth $241,000 after purchasing an additional 65 shares during the period. Finally, Verition Fund Management LLC acquired a new stake in shares of Plexus during the second quarter worth about $263,000. Hedge funds and other institutional investors own 94.16% of the company’s stock.
A number of equities research analysts have recently commented on the company. BidaskClub lowered Plexus from a “sell” rating to a “strong sell” rating in a research report on Wednesday, August 16th. J P Morgan Chase & Co raised Plexus from a “neutral” rating to an “overweight” rating and set a $62.00 price target on the stock in a research report on Monday, August 28th. ValuEngine raised Plexus from a “hold” rating to a “buy” rating in a research report on Friday, September 22nd. Zacks Investment Research lowered Plexus from a “hold” rating to a “sell” rating in a research report on Monday, October 30th. Finally, Stifel Nicolaus reaffirmed a “hold” rating and set a $54.00 price target on shares of Plexus in a research report on Tuesday, September 12th. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and two have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $57.86.
Shares of Plexus Corp. (PLXS) opened at $60.89 on Monday. Plexus Corp. has a 1 year low of $49.06 and a 1 year high of $64.12. The stock has a market capitalization of $2,044.99, a P/E ratio of 18.79 and a beta of 0.87. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.78 and a quick ratio of 1.06.
Plexus (NASDAQ:PLXS) last announced its earnings results on Wednesday, October 25th. The technology company reported $0.84 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.82 by $0.02. Plexus had a return on equity of 11.48% and a net margin of 4.43%. The business had revenue of $670.00 million for the quarter, compared to analyst estimates of $676.23 million. During the same quarter last year, the firm earned $0.82 EPS. Plexus’s revenue for the quarter was up 2.6% compared to the same quarter last year. equities analysts expect that Plexus Corp. will post 3.41 earnings per share for the current year.
Plexus 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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