Magnetar Financial LLC lessened its stake in Plexus Corp. (NASDAQ:PLXS) by 81.5% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 3,629 shares of the technology company’s stock after selling 16,018 shares during the quarter. Magnetar Financial LLC’s holdings in Plexus were worth $204,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Vanguard Group Inc. lifted its holdings in shares of Plexus by 1.7% during the 2nd quarter. Vanguard Group Inc. now owns 3,310,813 shares of the technology company’s stock valued at $174,049,000 after acquiring an additional 53,925 shares in the last quarter. Disciplined Growth Investors Inc. MN lifted its holdings in shares of Plexus by 0.5% during the 2nd quarter. Disciplined Growth Investors Inc. MN now owns 3,038,867 shares of the technology company’s stock valued at $159,753,000 after acquiring an additional 16,329 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of Plexus by 0.6% during the 3rd quarter. Dimensional Fund Advisors LP now owns 2,832,718 shares of the technology company’s stock valued at $158,859,000 after acquiring an additional 15,581 shares in the last quarter. FMR LLC lifted its holdings in shares of Plexus by 546.1% during the 2nd quarter. FMR LLC now owns 1,111,655 shares of the technology company’s stock valued at $58,440,000 after acquiring an additional 939,589 shares in the last quarter. Finally, Northern Trust Corp lifted its holdings in shares of Plexus by 2.2% during the 2nd quarter. Northern Trust Corp now owns 1,034,130 shares of the technology company’s stock valued at $54,363,000 after acquiring an additional 22,477 shares in the last quarter. Institutional investors own 94.16% of the company’s stock.

PLXS has been the topic of several recent research reports. ValuEngine upgraded shares of Plexus from a “hold” rating to a “buy” rating in a report on Friday, September 22nd. Stifel Nicolaus restated a “hold” rating and set a $54.00 target price on shares of Plexus in a report on Tuesday, September 12th. Citigroup lifted their target price on shares of Plexus from $59.00 to $65.00 and gave the company a “neutral” rating in a report on Friday, October 27th. J P Morgan Chase & Co lowered shares of Plexus from an “overweight” rating to a “neutral” rating and set a $62.00 target price on the stock. in a report on Tuesday, October 10th. Finally, BidaskClub lowered shares of Plexus from a “hold” rating to a “sell” rating in a report on Saturday. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and two have assigned a buy rating to the stock. Plexus has an average rating of “Hold” and an average price target of $57.86.

In other news, VP Ronnie Darroch sold 4,513 shares of the business’s stock in a transaction dated Monday, October 30th. The shares were sold at an average price of $61.10, for a total value of $275,744.30. Following the completion of the sale, the vice president now owns 9,677 shares of the company’s stock, valued at approximately $591,264.70. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Yong Jin Lim sold 10,000 shares of the business’s stock in a transaction dated Monday, November 27th. The stock was sold at an average price of $63.07, for a total transaction of $630,700.00. Following the completion of the sale, the insider now directly owns 58,890 shares of the company’s stock, valued at approximately $3,714,192.30. The disclosure for this sale can be found here. Insiders have sold a total of 205,696 shares of company stock worth $12,706,971 in the last ninety days. 4.30% of the stock is currently owned by insiders.

Shares of Plexus Corp. (NASDAQ PLXS) opened at $61.59 on Monday. Plexus Corp. has a one year low of $49.06 and a one year high of $64.12. The stock has a market cap of $2,072.20, a price-to-earnings ratio of 19.01 and a beta of 0.87. 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 (NASDAQ:PLXS) last released its quarterly earnings results on Wednesday, October 25th. The technology company reported $0.84 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.82 by $0.02. Plexus had a net margin of 4.43% and a return on equity of 11.48%. The firm had revenue of $670.00 million for the quarter, compared to the consensus estimate of $676.23 million. During the same quarter in the previous year, the firm posted $0.82 EPS. The firm’s quarterly revenue was up 2.6% on a year-over-year basis. analysts expect that Plexus Corp. will post 3.41 earnings per share for the current fiscal year.

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About Plexus

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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