Los Angeles Capital Management & Equity Research Inc. Has $3.76 Million Holdings in Plexus Corp. (NASDAQ:PLXS)

Los Angeles Capital Management & Equity Research Inc. raised its holdings in shares of Plexus Corp. (NASDAQ:PLXS) by 7.7% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 67,085 shares of the technology company’s stock after purchasing an additional 4,820 shares during the period. Los Angeles Capital Management & Equity Research Inc. owned about 0.20% of Plexus worth $3,762,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in the business. FMR LLC grew its position in shares of Plexus by 412.9% during the first quarter. FMR LLC now owns 172,066 shares of the technology company’s stock worth $9,945,000 after acquiring an additional 138,520 shares during the last quarter. Teachers Advisors LLC grew its position in shares of Plexus by 5.4% during the first quarter. Teachers Advisors LLC now owns 66,076 shares of the technology company’s stock worth $3,819,000 after acquiring an additional 3,408 shares during the last quarter. State Street Corp grew its position in shares of Plexus by 2.1% during the first quarter. State Street Corp now owns 834,070 shares of the technology company’s stock worth $48,208,000 after acquiring an additional 17,023 shares during the last quarter. AQR Capital Management LLC grew its position in shares of Plexus by 61.2% during the first quarter. AQR Capital Management LLC now owns 50,358 shares of the technology company’s stock worth $2,911,000 after acquiring an additional 19,125 shares during the last quarter. Finally, State of Alaska Department of Revenue grew its position in shares of Plexus by 78.9% during the second quarter. State of Alaska Department of Revenue now owns 6,656 shares of the technology company’s stock worth $349,000 after acquiring an additional 2,936 shares during the last quarter. Hedge funds and other institutional investors own 94.16% of the company’s stock.

Plexus Corp. (NASDAQ:PLXS) traded up $0.18 during mid-day trading on Thursday, reaching $60.88. 170,783 shares of the company traded hands, compared to its average volume of 173,561. The firm has a market capitalization of $2,055.07, a P/E ratio of 18.89 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 quick ratio of 1.06, a current ratio of 1.78 and a debt-to-equity ratio of 0.03.

Plexus (NASDAQ:PLXS) last posted its quarterly earnings data on Wednesday, October 25th. The technology company reported $0.84 earnings per share for the quarter, topping the consensus estimate of $0.82 by $0.02. The business had revenue of $670.00 million during the quarter, compared to the consensus estimate of $676.23 million. Plexus had a net margin of 4.43% and a return on equity of 11.48%. The company’s quarterly revenue was up 2.6% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.82 earnings per share. sell-side analysts expect that Plexus Corp. will post 3.41 EPS for the current fiscal year.

In other Plexus news, CAO Angelo Michael Ninivaggi, Jr. sold 16,000 shares of the company’s stock in a transaction dated Tuesday, October 31st. The shares were sold at an average price of $61.58, for a total value of $985,280.00. Following the completion of the sale, the chief accounting officer now directly owns 18,159 shares of the company’s stock, valued at approximately $1,118,231.22. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Ronnie Darroch sold 4,513 shares of the company’s stock in a transaction dated Monday, October 30th. The shares were sold at an average price of $61.10, for a total transaction of $275,744.30. Following the completion of the sale, the vice president now directly owns 9,677 shares of the company’s stock, valued at $591,264.70. The disclosure for this sale can be found here. Insiders sold a total of 205,696 shares of company stock valued at $12,706,971 over the last three months. 4.30% of the stock is owned by corporate insiders.

PLXS has been the subject of several recent research reports. Citigroup upped their price target on shares of Plexus from $59.00 to $65.00 and gave the stock a “neutral” rating in a research report on Friday, October 27th. ValuEngine upgraded shares of Plexus from a “hold” rating to a “buy” rating in a research report on Friday, September 22nd. Zacks Investment Research lowered shares of Plexus from a “hold” rating to a “sell” rating in a research report on Monday, October 30th. J P Morgan Chase & Co lowered shares of Plexus from an “overweight” rating to a “neutral” rating and set a $62.00 price target for the company. in a research report on Tuesday, October 10th. Finally, Stifel Nicolaus restated a “hold” rating and set a $54.00 price target on shares of Plexus in a research report on Tuesday, September 12th. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have assigned a buy rating to the company’s stock. Plexus presently has a consensus rating of “Hold” and a consensus 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.

Institutional Ownership by Quarter for Plexus (NASDAQ:PLXS)

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