ProShare Advisors LLC Sells 1,313 Shares of Plexus Corp. (NASDAQ:PLXS)

ProShare Advisors LLC lowered its position in shares of Plexus Corp. (NASDAQ:PLXS) by 23.7% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 4,227 shares of the technology company’s stock after selling 1,313 shares during the period. ProShare Advisors LLC’s holdings in Plexus were worth $436,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the company. Parallel Advisors LLC boosted its holdings in shares of Plexus by 72.3% during the fourth quarter. Parallel Advisors LLC now owns 348 shares of the technology company’s stock worth $38,000 after purchasing an additional 146 shares during the period. Quest Partners LLC increased its holdings in Plexus by 36,700.0% during the 2nd quarter. Quest Partners LLC now owns 368 shares of the technology company’s stock valued at $38,000 after purchasing an additional 367 shares during the period. Innealta Capital LLC bought a new position in Plexus during the 2nd quarter valued at approximately $51,000. EntryPoint Capital LLC lifted its holdings in Plexus by 56.2% in the 1st quarter. EntryPoint Capital LLC now owns 976 shares of the technology company’s stock worth $93,000 after buying an additional 351 shares during the period. Finally, Signaturefd LLC grew its position in shares of Plexus by 12.0% in the 2nd quarter. Signaturefd LLC now owns 1,705 shares of the technology company’s stock worth $176,000 after buying an additional 183 shares during the last quarter. Institutional investors own 94.45% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the company. Benchmark upped their target price on Plexus from $145.00 to $150.00 and gave the company a “buy” rating in a report on Tuesday. Needham & Company LLC upped their price objective on shares of Plexus from $114.00 to $144.00 and gave the stock a “buy” rating in a report on Friday, July 26th. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, Plexus has a consensus rating of “Hold” and an average target price of $125.25.

Insider Activity at Plexus

In other Plexus news, CEO Todd P. Kelsey sold 1,656 shares of the company’s stock in a transaction dated Tuesday, July 16th. The shares were sold at an average price of $115.00, for a total value of $190,440.00. Following the sale, the chief executive officer now owns 96,682 shares in the company, valued at $11,118,430. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In other Plexus news, Director Karen Marie Rapp sold 500 shares of the firm’s stock in a transaction dated Friday, August 30th. The shares were sold at an average price of $128.02, for a total transaction of $64,010.00. Following the completion of the sale, the director now directly owns 9,586 shares in the company, valued at approximately $1,227,199.72. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Todd P. Kelsey sold 1,656 shares of the company’s stock in a transaction that occurred on Tuesday, July 16th. The stock was sold at an average price of $115.00, for a total transaction of $190,440.00. Following the completion of the transaction, the chief executive officer now owns 96,682 shares in the company, valued at approximately $11,118,430. The disclosure for this sale can be found here. Insiders sold a total of 21,769 shares of company stock valued at $2,731,834 in the last three months. Company insiders own 2.39% of the company’s stock.

Plexus Trading Down 1.5 %

PLXS opened at $134.72 on Wednesday. The company has a quick ratio of 0.64, a current ratio of 1.47 and a debt-to-equity ratio of 0.07. Plexus Corp. has a 52 week low of $87.21 and a 52 week high of $138.20. The stock has a market cap of $3.69 billion, a PE ratio of 37.22 and a beta of 0.89. The business has a 50 day moving average of $125.01 and a 200-day moving average of $110.67.

Plexus (NASDAQ:PLXS) last announced its quarterly earnings data on Wednesday, July 24th. The technology company reported $1.45 EPS for the quarter, beating the consensus estimate of $1.28 by $0.17. Plexus had a return on equity of 9.64% and a net margin of 2.82%. The business had revenue of $960.70 million during the quarter, compared to analyst estimates of $981.32 million. During the same quarter last year, the firm posted $1.32 earnings per share. The company’s revenue for the quarter was down 6.0% on a year-over-year basis. Equities research analysts predict that Plexus Corp. will post 3.74 earnings per share for the current fiscal year.

About Plexus

Plexus Corp. provides electronic manufacturing services in the United States and internationally. It offers design, develop, supply chain, new product introduction, and manufacturing solutions, as well as sustaining services to companies in the healthcare/life sciences, industrial/commercial, aerospace/defense, and communications market sectors.