Plexus Corp. (PLXS) Holdings Raised by BNP Paribas Arbitrage SA

BNP Paribas Arbitrage SA raised its holdings in shares of Plexus Corp. (NASDAQ:PLXS) by 53.6% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 18,246 shares of the technology company’s stock after purchasing an additional 6,368 shares during the quarter. BNP Paribas Arbitrage SA owned 0.05% of Plexus worth $1,023,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in PLXS. Teachers Advisors LLC lifted its holdings in Plexus by 5.4% during the 1st quarter. Teachers Advisors LLC now owns 66,076 shares of the technology company’s stock worth $3,819,000 after buying an additional 3,408 shares during the last quarter. Bowling Portfolio Management LLC bought a new position in Plexus during the 2nd quarter worth approximately $534,000. NGAM Advisors L.P. bought a new position in Plexus during the 2nd quarter worth approximately $2,143,000. Great West Life Assurance Co. Can lifted its holdings in Plexus by 2.4% during the 2nd quarter. Great West Life Assurance Co. Can now owns 47,743 shares of the technology company’s stock worth $2,509,000 after buying an additional 1,100 shares during the last quarter. Finally, Bessemer Group Inc. lifted its holdings in Plexus by 1.2% during the 2nd quarter. Bessemer Group Inc. now owns 42,100 shares of the technology company’s stock worth $2,213,000 after buying an additional 500 shares during the last quarter. 94.18% of the stock is currently owned by institutional investors.

In related news, CAO Angelo Michael Ninivaggi, Jr. sold 16,000 shares of the firm’s stock in a transaction that occurred on Tuesday, October 31st. The stock was sold at an average price of $61.58, for a total value of $985,280.00. Following the sale, the chief accounting officer now directly owns 18,159 shares in the company, valued at approximately $1,118,231.22. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Chairman Dean A. Foate sold 2,397 shares of the firm’s stock in a transaction that occurred on Wednesday, November 1st. The shares were sold at an average price of $61.69, for a total value of $147,870.93. Following the completion of the sale, the chairman now owns 303,920 shares in the company, valued at $18,748,824.80. The disclosure for this sale can be found here. In the last three months, insiders sold 205,696 shares of company stock worth $12,706,971. Company insiders own 4.30% of the company’s stock.

Shares of Plexus Corp. (PLXS) opened at $61.80 on Friday. The stock has a market capitalization of $2,099.40, a P/E ratio of 19.29 and a beta of 0.87. Plexus Corp. has a 1-year low of $49.06 and a 1-year high of $64.12. 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 quarterly earnings results on Wednesday, October 25th. The technology company reported $0.84 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.82 by $0.02. The business had revenue of $670.00 million for the quarter, compared to the consensus estimate of $676.23 million. Plexus had a return on equity of 11.48% and a net margin of 4.43%. The business’s revenue was up 2.6% on a year-over-year basis. During the same quarter last year, the business posted $0.82 EPS. analysts forecast that Plexus Corp. will post 3.41 earnings per share for the current year.

A number of research analysts have commented on PLXS shares. J P Morgan Chase & Co raised Plexus from a “neutral” rating to an “overweight” rating and set a $62.00 target price on the stock in a report on Monday, August 28th. Citigroup increased their target price on Plexus from $59.00 to $65.00 and gave the stock a “neutral” rating in a report on Friday, October 27th. Zacks Investment Research downgraded Plexus from a “hold” rating to a “sell” rating in a report on Monday, October 30th. ValuEngine raised Plexus from a “hold” rating to a “buy” rating in a report on Friday, September 22nd. Finally, BidaskClub downgraded Plexus from a “hold” rating to a “sell” rating in a report on Saturday, August 5th. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have given a buy rating to the company. The company has an average rating of “Hold” and an average target price of $57.86.

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

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