Geode Capital Management LLC Purchases 12,686 Shares of Plexus Corp. (NASDAQ:PLXS)

Geode Capital Management LLC increased its position in Plexus Corp. (NASDAQ:PLXS) by 3.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 386,839 shares of the technology company’s stock after purchasing an additional 12,686 shares during the period. Geode Capital Management LLC’s holdings in Plexus were worth $19,759,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of PLXS. Amundi Pioneer Asset Management Inc. purchased a new stake in shares of Plexus in the fourth quarter worth $128,000. NumerixS Investment Technologies Inc purchased a new stake in shares of Plexus in the fourth quarter worth $161,000. Jane Street Group LLC purchased a new stake in shares of Plexus in the fourth quarter worth $275,000. Ontario Teachers Pension Plan Board purchased a new stake in shares of Plexus in the fourth quarter worth $281,000. Finally, Oberweis Asset Management Inc. grew its stake in shares of Plexus by 3.0% in the fourth quarter. Oberweis Asset Management Inc. now owns 6,800 shares of the technology company’s stock worth $347,000 after acquiring an additional 200 shares during the last quarter. 95.28% of the stock is currently owned by institutional investors.

A number of equities research analysts have recently commented on the company. BidaskClub cut Plexus from a “buy” rating to a “hold” rating in a research note on Tuesday, April 23rd. Zacks Investment Research raised Plexus from a “sell” rating to a “hold” rating in a research note on Monday, March 4th. Finally, Sidoti assumed coverage on Plexus in a research note on Wednesday, March 20th. They issued a “buy” rating and a $78.00 target price on the stock. One analyst has rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $70.00.



Shares of NASDAQ:PLXS opened at $53.86 on Wednesday. The firm has a market cap of $1.62 billion, a PE ratio of 16.67 and a beta of 0.90. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.88 and a current ratio of 1.83. Plexus Corp. has a 1 year low of $47.63 and a 1 year high of $66.98.

Plexus (NASDAQ:PLXS) last announced its quarterly earnings results on Wednesday, April 17th. The technology company reported $0.79 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.84 by ($0.05). The business had revenue of $789.10 million for the quarter, compared to the consensus estimate of $779.03 million. Plexus had a net margin of 4.79% and a return on equity of 12.52%. The company’s revenue for the quarter was up 12.9% compared to the same quarter last year. During the same period in the previous year, the company earned $0.74 earnings per share. On average, research analysts predict that Plexus Corp. will post 3.46 earnings per share for the current fiscal year.

In other news, CEO Todd P. Kelsey sold 10,693 shares of the company’s stock in a transaction on Wednesday, April 24th. The stock was sold at an average price of $60.89, for a total transaction of $651,096.77. Following the transaction, the chief executive officer now directly owns 87,548 shares of the company’s stock, valued at $5,330,797.72. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Chairman Dean A. Foate sold 60,000 shares of the company’s stock in a transaction on Thursday, March 21st. The shares were sold at an average price of $63.00, for a total value of $3,780,000.00. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 94,493 shares of company stock worth $5,895,704. Corporate insiders own 3.90% of the company’s stock.

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Plexus Company Profile

Plexus Corp., together with its subsidiaries, provides electronic manufacturing services in the Americas, Europe, the Middle East, Africa, and the Asia-Pacific. It offers design and development, supply chain, new product introduction, and manufacturing solutions, as well as aftermarket services. The company provides its solutions to companies in the healthcare and life sciences, industrial and commercial, communications, and aerospace and defense sectors.

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Institutional Ownership by Quarter for Plexus (NASDAQ:PLXS)

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