BNP PARIBAS ASSET MANAGEMENT Holding S.A. Sells 26,979 Shares of Plexus Corp. (NASDAQ:PLXS)

BNP PARIBAS ASSET MANAGEMENT Holding S.A. lowered its holdings in Plexus Corp. (NASDAQ:PLXS) by 2.5% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,052,361 shares of the technology company’s stock after selling 26,979 shares during the period. BNP PARIBAS ASSET MANAGEMENT Holding S.A.’s holdings in Plexus were worth $143,868,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in the business. American Century Companies Inc. increased its position in shares of Plexus by 204.3% in the second quarter. American Century Companies Inc. now owns 158,032 shares of the technology company’s stock worth $16,306,000 after purchasing an additional 106,103 shares during the period. Vanguard Group Inc. boosted its position in shares of Plexus by 2.2% during the 1st 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. lifted its stake in Plexus by 158.0% during the third quarter. Assenagon Asset Management S.A. now owns 82,575 shares of the technology company’s stock worth $11,289,000 after purchasing an additional 50,564 shares during the last quarter. Speece Thorson Capital Group Inc. increased its stake in shares of Plexus by 197.1% in the 2nd 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 during the last quarter. Finally, Bank of New York Mellon Corp lifted its position in shares of Plexus by 7.4% during the 2nd quarter. Bank of New York Mellon Corp now owns 453,308 shares of the technology company’s stock worth $46,772,000 after buying an additional 31,099 shares during the last quarter. 94.45% of the stock is owned by institutional investors.

Insider Activity at Plexus

In other news, Director Karen Marie Rapp sold 500 shares of Plexus stock in a transaction dated Friday, August 30th. The stock was sold at an average price of $128.02, for a total value of $64,010.00. Following the completion of the transaction, the director now directly owns 9,586 shares of the company’s stock, valued at approximately $1,227,199.72. This trade represents a 4.96 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Victor (Pang Hau) Tan sold 1,000 shares of the company’s stock in a transaction dated Wednesday, August 28th. The shares were sold at an average price of $127.50, for a total value of $127,500.00. Following the sale, the insider now owns 8,605 shares in the company, valued at approximately $1,097,137.50. The trade was a 10.41 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 33,552 shares of company stock worth $5,250,872 over the last ninety days. Insiders own 2.39% of the company’s stock.

Plexus Trading Down 0.7 %

Shares of NASDAQ PLXS opened at $156.65 on Thursday. The stock has a market cap of $4.24 billion, a P/E ratio of 39.06 and a beta of 0.87. The firm has a 50 day moving average price of $141.58 and a two-hundred day moving average price of $123.42. The company has a debt-to-equity ratio of 0.07, a quick ratio of 0.71 and a current ratio of 1.51. Plexus Corp. has a 52-week low of $90.18 and a 52-week high of $169.41.

Plexus (NASDAQ:PLXS) last announced its earnings results on Wednesday, October 23rd. The technology company reported $1.85 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.55 by $0.30. Plexus had a return on equity of 9.51% and a net margin of 2.82%. The business had revenue of $1.05 billion during the quarter, compared to analyst estimates of $1.01 billion. During the same period last year, the company earned $1.44 EPS. Plexus’s revenue for the quarter was up 2.6% compared to the same quarter last year. As a group, equities analysts forecast that Plexus Corp. will post 6.13 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on PLXS. KeyCorp began coverage on shares of Plexus in a report on Tuesday, October 22nd. They issued a “sector weight” rating for the company. Needham & Company LLC raised their target price on shares of Plexus from $144.00 to $162.00 and gave the company a “buy” rating in a research report on Friday, October 25th. StockNews.com raised shares of Plexus from a “hold” rating to a “buy” rating in a research note on Monday. Finally, Benchmark raised their price objective on Plexus from $150.00 to $165.00 and gave the company a “buy” rating in a report on Monday, October 28th. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $133.50.

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.