Mason Street Advisors LLC Acquires 554 Shares of Plexus Corp. (PLXS)
Mason Street Advisors LLC increased its position in Plexus Corp. (NASDAQ:PLXS) by 7.6% during the first quarter, Holdings Channel reports. The firm owned 7,878 shares of the technology company’s stock after buying an additional 554 shares during the period. Mason Street Advisors LLC’s holdings in Plexus Corp. were worth $455,000 as of its most recent filing with the SEC.
Other institutional investors also recently added to or reduced their stakes in the company. Elkfork Partners LLC bought a new position in Plexus Corp. during the fourth quarter worth approximately $133,000. Ameritas Investment Partners Inc. bought a new position in Plexus Corp. during the first quarter worth approximately $166,000. Appleton Group LLC bought a new position in Plexus Corp. during the first quarter worth approximately $211,000. State of Alaska Department of Revenue boosted its position in Plexus Corp. by 2.8% in the first quarter. State of Alaska Department of Revenue now owns 3,720 shares of the technology company’s stock worth $215,000 after buying an additional 100 shares during the period. Finally, Capital Fund Management S.A. bought a new position in Plexus Corp. during the first quarter worth approximately $231,000. 93.61% of the stock is owned by hedge funds and other institutional investors.
Shares of Plexus Corp. (NASDAQ PLXS) opened at 51.66 on Friday. The stock has a 50 day moving average of $51.69 and a 200-day moving average of $54.29. The company has a market cap of $1.74 billion, a PE ratio of 17.34 and a beta of 0.91. Plexus Corp. has a 12 month low of $41.13 and a 12 month high of $58.74.
Plexus Corp. (NASDAQ:PLXS) last posted its quarterly earnings results on Wednesday, April 19th. The technology company reported $0.84 earnings per share for the quarter, topping the consensus estimate of $0.76 by $0.08. The company had revenue of $604.30 million during the quarter, compared to the consensus estimate of $633.72 million. Plexus Corp. had a return on equity of 11.10% and a net margin of 4.01%. The firm’s quarterly revenue was down 2.3% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.55 EPS. Equities analysts forecast that Plexus Corp. will post $3.23 earnings per share for the current year.
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A number of equities analysts have commented on the stock. Zacks Investment Research cut shares of Plexus Corp. from a “hold” rating to a “sell” rating in a research report on Monday, April 24th. BidaskClub cut shares of Plexus Corp. from a “buy” rating to a “hold” rating in a research report on Thursday. J P Morgan Chase & Co assumed coverage on shares of Plexus Corp. in a research report on Tuesday, April 4th. They set a “neutral” rating and a $65.00 price objective for the company. Needham & Company LLC reaffirmed a “buy” rating and set a $63.00 price objective (up from $60.00) on shares of Plexus Corp. in a research report on Saturday, March 11th. Finally, Royal Bank Of Canada reaffirmed a “sector perform” rating and set a $57.00 price objective on shares of Plexus Corp. in a research report on Saturday, April 22nd. One investment analyst has rated the stock with a sell rating, five have given a hold rating and one has issued a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $59.80.
In other news, CEO Todd P. Kelsey sold 2,000 shares of the stock in a transaction on Wednesday, April 26th. The stock was sold at an average price of $53.49, for a total transaction of $106,980.00. Following the completion of the transaction, the chief executive officer now owns 57,175 shares in the company, valued at approximately $3,058,290.75. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Chairman Dean A. Foate sold 5,000 shares of the stock in a transaction on Monday, June 5th. The stock was sold at an average price of $53.33, for a total value of $266,650.00. Following the transaction, the chairman now owns 247,142 shares of the company’s stock, valued at approximately $13,180,082.86. The disclosure for this sale can be found here. Insiders have sold a total of 12,000 shares of company stock valued at $630,480 in the last quarter. 4.30% of the stock is owned by corporate insiders.
Plexus Corp. Company 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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