Swiss National Bank Sells 1,000 Shares of Plexus Corp. (NASDAQ:PLXS)

Swiss National Bank lowered its stake in shares of Plexus Corp. (NASDAQ:PLXS) by 1.8% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 53,400 shares of the technology company’s stock after selling 1,000 shares during the period. Swiss National Bank owned 0.20% of Plexus worth $7,300,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. American Century Companies Inc. raised its stake in Plexus by 204.3% in the 2nd quarter. American Century Companies Inc. now owns 158,032 shares of the technology company’s stock valued at $16,306,000 after acquiring an additional 106,103 shares during the period. BNP PARIBAS ASSET MANAGEMENT Holding S.A. raised its stake in Plexus by 8.8% in the 2nd quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 1,079,340 shares of the technology company’s stock valued at $111,366,000 after acquiring an additional 87,574 shares during the period. Vanguard Group Inc. raised its stake in Plexus by 2.2% in the 1st quarter. Vanguard Group Inc. now owns 3,515,866 shares of the technology company’s stock valued at $333,374,000 after acquiring an additional 74,988 shares during the period. Assenagon Asset Management S.A. raised its stake in Plexus by 158.0% in the 3rd quarter. Assenagon Asset Management S.A. now owns 82,575 shares of the technology company’s stock valued at $11,289,000 after acquiring an additional 50,564 shares during the period. Finally, Speece Thorson Capital Group Inc. raised its stake in Plexus by 197.1% in the 2nd quarter. Speece Thorson Capital Group Inc. now owns 50,498 shares of the technology company’s stock valued at $5,210,000 after acquiring an additional 33,501 shares during the period. Institutional investors own 94.45% of the company’s stock.

Insider Buying and Selling

In other Plexus news, insider Michael J. Running sold 539 shares of Plexus stock in a transaction dated Wednesday, November 20th. The stock was sold at an average price of $155.87, for a total value of $84,013.93. Following the transaction, the insider now owns 1,030 shares in the company, valued at $160,546.10. The trade was a 34.35 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Victor (Pang Hau) Tan sold 1,000 shares of Plexus stock in a transaction dated Wednesday, August 28th. The shares were sold at an average price of $127.50, for a total value of $127,500.00. Following the completion of the transaction, the insider now owns 8,605 shares in the company, valued at approximately $1,097,137.50. This represents a 10.41 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 34,091 shares of company stock worth $5,334,885. Company insiders own 2.39% of the company’s stock.

Plexus Stock Down 0.4 %

Shares of NASDAQ PLXS opened at $161.39 on Tuesday. The company has a debt-to-equity ratio of 0.07, a quick ratio of 0.71 and a current ratio of 1.51. Plexus Corp. has a 52 week low of $90.18 and a 52 week high of $169.41. The stock has a market capitalization of $4.37 billion, a P/E ratio of 40.25 and a beta of 0.87. The stock’s fifty day moving average is $143.00 and its 200 day moving average is $124.30.

Plexus (NASDAQ:PLXS) last issued its quarterly earnings results on Wednesday, October 23rd. The technology company reported $1.85 EPS for the quarter, topping analysts’ consensus estimates of $1.55 by $0.30. Plexus had a return on equity of 9.51% and a net margin of 2.82%. The company had revenue of $1.05 billion for the quarter, compared to analysts’ expectations of $1.01 billion. During the same quarter last year, the business earned $1.44 earnings per share. Plexus’s revenue was up 2.6% on a year-over-year basis. Sell-side analysts forecast that Plexus Corp. will post 6.14 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on PLXS. Needham & Company LLC increased their price target on Plexus from $144.00 to $162.00 and gave the company a “buy” rating in a research note on Friday, October 25th. Benchmark lifted their target price on Plexus from $150.00 to $165.00 and gave the stock a “buy” rating in a report on Monday, October 28th. KeyCorp started coverage on Plexus in a report on Tuesday, October 22nd. They set a “sector weight” rating for the company. Finally, StockNews.com raised Plexus from a “hold” rating to a “buy” rating in a report on Monday, November 18th. Three analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, Plexus presently has an average rating of “Moderate Buy” and an average price target of $133.50.

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.