Plexus Corp. (NASDAQ:PLXS) Shares Purchased by Vanguard Group Inc.

Vanguard Group Inc. lifted its position in Plexus Corp. (NASDAQ:PLXS - Free Report) by 1.4% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 3,453,940 shares of the technology company's stock after purchasing an additional 47,762 shares during the quarter. Vanguard Group Inc. owned about 12.56% of Plexus worth $321,147,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the company. BlackRock Inc. increased its stake in Plexus by 0.3% in the first quarter. BlackRock Inc. now owns 4,425,537 shares of the technology company's stock valued at $362,052,000 after acquiring an additional 15,398 shares during the last quarter. State Street Corp increased its stake in Plexus by 0.9% in the second quarter. State Street Corp now owns 963,385 shares of the technology company's stock valued at $94,643,000 after acquiring an additional 8,122 shares during the last quarter. Thrivent Financial for Lutherans increased its stake in Plexus by 29.0% in the second quarter. Thrivent Financial for Lutherans now owns 768,685 shares of the technology company's stock valued at $75,516,000 after acquiring an additional 172,638 shares during the last quarter. Silvercrest Asset Management Group LLC increased its stake in Plexus by 2.9% in the second quarter. Silvercrest Asset Management Group LLC now owns 632,940 shares of the technology company's stock valued at $62,180,000 after acquiring an additional 17,823 shares during the last quarter. Finally, Geode Capital Management LLC increased its stake in Plexus by 3.3% in the second quarter. Geode Capital Management LLC now owns 558,572 shares of the technology company's stock valued at $54,874,000 after acquiring an additional 17,947 shares during the last quarter. Institutional investors own 94.45% of the company's stock.

Plexus Stock Performance

PLXS traded up $1.46 during mid-day trading on Thursday, reaching $94.82. 180,686 shares of the company traded hands, compared to its average volume of 122,041. The stock has a market capitalization of $2.62 billion, a P/E ratio of 21.12 and a beta of 1.02. The company has a quick ratio of 0.62, a current ratio of 1.52 and a debt-to-equity ratio of 0.15. The company's fifty day moving average price is $94.62 and its 200-day moving average price is $97.81. Plexus Corp. has a 52-week low of $83.84 and a 52-week high of $114.06.

Plexus (NASDAQ:PLXS - Get Free Report) last issued its earnings results on Thursday, January 25th. The technology company reported $1.04 earnings per share for the quarter, missing the consensus estimate of $1.05 by ($0.01). The firm had revenue of $982.61 million during the quarter, compared to the consensus estimate of $982.57 million. Plexus had a return on equity of 12.16% and a net margin of 3.08%. The company's quarterly revenue was down 10.2% on a year-over-year basis. During the same period in the prior year, the company posted $1.49 EPS. On average, sell-side analysts expect that Plexus Corp. will post 4.27 EPS for the current year.

Analysts Set New Price Targets

A number of research firms recently commented on PLXS. Benchmark reissued a "buy" rating and issued a $110.00 target price on shares of Plexus in a research note on Wednesday, January 17th. Needham & Company LLC reduced their target price on Plexus from $110.00 to $107.00 and set a "buy" rating on the stock in a research note on Thursday, January 25th. Sidoti cut Plexus from a "buy" rating to a "neutral" rating and set a $112.00 price objective on the stock. in a research note on Tuesday, January 9th. Finally, TheStreet cut Plexus from a "b" rating to a "c+" rating in a research note on Tuesday, February 13th. Two investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company's stock. According to data from MarketBeat.com, Plexus currently has a consensus rating of "Moderate Buy" and an average target price of $109.67.

Insider Buying and Selling

In other Plexus news, CFO Patrick John Jermain sold 2,532 shares of the stock in a transaction dated Monday, January 29th. The shares were sold at an average price of $92.51, for a total transaction of $234,235.32. Following the completion of the transaction, the chief financial officer now owns 54,651 shares of the company's stock, valued at approximately $5,055,764.01. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Plexus news, CFO Patrick John Jermain sold 2,532 shares of the stock in a transaction dated Monday, January 29th. The shares were sold at an average price of $92.51, for a total transaction of $234,235.32. Following the completion of the transaction, the chief financial officer now owns 54,651 shares of the company's stock, valued at approximately $5,055,764.01. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Angelo Michael Ninivaggi, Jr. sold 3,694 shares of the stock in a transaction dated Thursday, February 15th. The shares were sold at an average price of $97.18, for a total transaction of $358,982.92. Following the transaction, the chief accounting officer now directly owns 40,875 shares of the company's stock, valued at approximately $3,972,232.50. The disclosure for this sale can be found here. In the last quarter, insiders sold 34,453 shares of company stock valued at $3,324,075. Company insiders own 2.39% of the company's stock.

Plexus Company Profile

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.