Wells Fargo & Company MN raised its holdings in Plexus Corp. (NASDAQ:PLXS) by 56.9% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 54,479 shares of the technology company’s stock after acquiring an additional 19,746 shares during the period. Wells Fargo & Company MN’s holdings in Plexus were worth $3,054,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Riverhead Capital Management LLC increased its holdings in shares of Plexus by 69.0% during the 2nd quarter. Riverhead Capital Management LLC now owns 2,366 shares of the technology company’s stock worth $124,000 after buying an additional 966 shares during the last quarter. Appleton Group LLC acquired a new stake in shares of Plexus during the 3rd quarter worth approximately $201,000. Neuberger Berman Group LLC increased its holdings in shares of Plexus by 0.8% during the 2nd quarter. Neuberger Berman Group LLC now owns 3,834 shares of the technology company’s stock worth $202,000 after buying an additional 31 shares during the last quarter. Amalgamated Bank increased its holdings in shares of Plexus by 1.4% during the 2nd quarter. Amalgamated Bank now owns 4,582 shares of the technology company’s stock worth $241,000 after buying an additional 65 shares during the last quarter. Finally, Verition Fund Management LLC acquired a new stake in shares of Plexus during the 2nd quarter worth approximately $263,000. Institutional investors own 93.45% of the company’s stock.

Shares of Plexus Corp. (NASDAQ:PLXS) opened at $64.55 on Friday. Plexus Corp. has a 1-year low of $49.06 and a 1-year high of $65.54. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.78 and a quick ratio of 1.06. The firm has a market cap of $2,160.00, a P/E ratio of 19.92 and a beta of 0.88.

Plexus (NASDAQ:PLXS) last posted its earnings results on Wednesday, October 25th. The technology company reported $0.84 earnings per share for the quarter, beating 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 during the quarter, compared to the consensus estimate of $676.23 million. During the same quarter last year, the firm earned $0.82 EPS. The firm’s revenue for the quarter was up 2.6% on a year-over-year basis. equities analysts expect that Plexus Corp. will post 3.41 earnings per share for the current fiscal year.

In other Plexus news, insider Yong Jin Lim sold 10,000 shares of the firm’s stock in a transaction that occurred on Monday, November 27th. The shares were sold at an average price of $63.07, for a total value of $630,700.00. Following the completion of the transaction, the insider now owns 58,890 shares of the company’s stock, valued at approximately $3,714,192.30. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Angelo Michael Ninivaggi, Jr. sold 16,000 shares of the firm’s stock in a transaction that occurred on Tuesday, October 31st. The shares were sold at an average price of $61.58, for a total transaction of $985,280.00. Following the completion of the transaction, the chief accounting officer now directly owns 18,159 shares of the company’s stock, valued at approximately $1,118,231.22. 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 in the last quarter. 3.70% of the stock is owned by insiders.

PLXS has been the subject of a number of recent analyst reports. BidaskClub downgraded shares of Plexus from a “hold” rating to a “sell” rating in a report on Saturday, December 16th. Citigroup raised their price target on shares of Plexus from $59.00 to $65.00 and gave the stock a “neutral” rating in a report on Friday, October 27th. ValuEngine upgraded shares of Plexus from a “hold” rating to a “buy” rating in a report on Friday, September 22nd. Zacks Investment Research downgraded shares of Plexus from a “hold” rating to a “sell” rating in a report on Monday, October 30th. Finally, Longbow Research upgraded shares of Plexus from a “neutral” rating to a “buy” rating in a report on Monday. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and three have issued a buy rating to the company’s stock. Plexus has an average 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.

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Institutional Ownership by Quarter for Plexus (NASDAQ:PLXS)

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