Plexus Corp. (NASDAQ:PLXS) Shares Sold by Massachusetts Financial Services Co. MA

Massachusetts Financial Services Co. MA decreased its position in shares of Plexus Corp. (NASDAQ:PLXS - Free Report) by 25.1% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 326,801 shares of the technology company's stock after selling 109,690 shares during the quarter. Massachusetts Financial Services Co. MA owned approximately 1.20% of Plexus worth $44,677,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. American Century Companies Inc. raised its holdings in shares of Plexus by 204.3% during the 2nd quarter. American Century Companies Inc. now owns 158,032 shares of the technology company's stock valued at $16,306,000 after buying an additional 106,103 shares in the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. boosted its holdings in Plexus by 8.8% in the second quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 1,079,340 shares of the technology company's stock worth $111,366,000 after acquiring an additional 87,574 shares in the last quarter. Vanguard Group Inc. boosted its holdings in Plexus by 2.2% in the first quarter. Vanguard Group Inc. now owns 3,515,866 shares of the technology company's stock worth $333,374,000 after acquiring an additional 74,988 shares in the last quarter. Assenagon Asset Management S.A. boosted its holdings in Plexus by 158.0% in the third quarter. Assenagon Asset Management S.A. now owns 82,575 shares of the technology company's stock worth $11,289,000 after acquiring an additional 50,564 shares in the last quarter. Finally, Speece Thorson Capital Group Inc. lifted its holdings in shares of Plexus by 197.1% during the second quarter. Speece Thorson Capital Group Inc. now owns 50,498 shares of the technology company's stock valued at $5,210,000 after purchasing an additional 33,501 shares in the last quarter. Institutional investors own 94.45% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the company. StockNews.com raised Plexus from a "hold" rating to a "buy" rating in a report on Monday, November 18th. Benchmark increased their target price on Plexus from $150.00 to $165.00 and gave the stock a "buy" rating in a research report on Monday, October 28th. Needham & Company LLC raised their price target on Plexus from $144.00 to $162.00 and gave the company a "buy" rating in a report on Friday, October 25th. Finally, KeyCorp started coverage on Plexus in a report on Tuesday, October 22nd. They issued a "sector weight" rating for the company. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, Plexus has a consensus rating of "Moderate Buy" and a consensus target price of $133.50.

Insider Buying and Selling

In other Plexus news, insider Michael J. Running sold 539 shares of the stock in a transaction that occurred on Wednesday, November 20th. The stock was sold at an average price of $155.87, for a total transaction of $84,013.93. Following the completion of the transaction, the insider now owns 1,030 shares of the company's stock, valued at $160,546.10. This represents a 34.35 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Victor (Pang Hau) Tan sold 1,000 shares of the company's stock in a transaction that occurred on Wednesday, August 28th. The shares were sold at an average price of $127.50, for a total value of $127,500.00. Following the completion of the sale, the insider now owns 8,605 shares of the company's stock, valued at $1,097,137.50. This trade represents a 10.41 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 34,091 shares of company stock valued at $5,334,885. 2.39% of the stock is owned by company insiders.

Plexus Stock Performance

Plexus stock traded down $0.32 during trading hours on Monday, hitting $161.69. 109,275 shares of the stock traded hands, compared to its average volume of 134,217. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.51 and a quick ratio of 0.71. The firm's 50 day moving average price is $143.00 and its 200-day moving average price is $124.30. The stock has a market capitalization of $4.38 billion, a price-to-earnings ratio of 40.40 and a beta of 0.87. Plexus Corp. has a 1 year low of $90.18 and a 1 year high of $169.41.

Plexus (NASDAQ:PLXS - Get Free Report) last issued its quarterly earnings data on Wednesday, October 23rd. The technology company reported $1.85 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.55 by $0.30. The business had revenue of $1.05 billion during the quarter, compared to analysts' expectations of $1.01 billion. Plexus had a return on equity of 9.51% and a net margin of 2.82%. The company's revenue for the quarter was up 2.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.44 EPS. As a group, equities analysts expect that Plexus Corp. will post 6.14 EPS for the current fiscal year.

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.