State of Tennessee Treasury Department reduced its stake in shares of Plexus Corp. (NASDAQ:PLXS) by 5.9% during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 29,836 shares of the technology company’s stock after selling 1,886 shares during the period. State of Tennessee Treasury Department owned approximately 0.09% of Plexus Corp. worth $1,673,000 as of its most recent filing with the SEC.
A number of other hedge funds also recently made changes to their positions in PLXS. Riverhead Capital Management LLC raised its holdings in Plexus Corp. by 69.0% during the 2nd 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 period. Neuberger Berman Group LLC grew its stake in shares of Plexus Corp. by 0.8% during the 2nd 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 in the last quarter. Amalgamated Bank grew its stake in shares of Plexus Corp. by 1.4% during the 2nd quarter. Amalgamated Bank now owns 4,582 shares of the technology company’s stock worth $241,000 after acquiring an additional 65 shares in the last quarter. Verition Fund Management LLC bought a new position in shares of Plexus Corp. during the 2nd quarter worth approximately $263,000. Finally, Ramsey Quantitative Systems bought a new position in shares of Plexus Corp. during the 2nd quarter worth approximately $278,000. Hedge funds and other institutional investors own 93.75% of the company’s stock.
Several equities analysts have recently weighed in on PLXS shares. J P Morgan Chase & Co raised shares of Plexus Corp. from a “neutral” rating to an “overweight” rating and set a $62.00 price target for the company in a research note on Monday, August 28th. Citigroup Inc. raised their price target on shares of Plexus Corp. from $59.00 to $65.00 and gave the stock a “neutral” rating in a research note on Friday, October 27th. Zacks Investment Research cut shares of Plexus Corp. from a “hold” rating to a “sell” rating in a research note on Monday, October 30th. ValuEngine raised shares of Plexus Corp. from a “hold” rating to a “buy” rating in a research note on Friday, September 22nd. Finally, BidaskClub cut shares of Plexus Corp. from a “hold” rating to a “sell” rating in a research note on Saturday, August 5th. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and two have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $57.86.
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Plexus Corp. (PLXS) opened at $62.47 on Tuesday. The company has a current ratio of 1.78, a quick ratio of 1.06 and a debt-to-equity ratio of 0.03. Plexus Corp. has a 52-week low of $49.06 and a 52-week high of $62.56. The company has a market cap of $2,090.00, a price-to-earnings ratio of 18.81 and a beta of 0.90.
Plexus Corp. (NASDAQ:PLXS) last released its quarterly earnings data on Wednesday, October 25th. The technology company reported $0.84 EPS for the quarter, topping the Zacks’ consensus estimate of $0.82 by $0.02. Plexus Corp. had a net margin of 4.43% and a return on equity of 11.48%. The firm had revenue of $670.00 million during the quarter, compared to analysts’ expectations of $676.23 million. During the same period in the previous year, the business posted $0.82 earnings per share. The company’s revenue for the quarter was up 2.6% compared to the same quarter last year. equities analysts predict that Plexus Corp. will post 3.41 EPS for the current year.
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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