Crossmark Global Holdings Inc. Has $544,000 Position in Plexus Corp. (NASDAQ:PLXS)

Crossmark Global Holdings Inc. increased its holdings in shares of Plexus Corp. (NASDAQ:PLXS) by 9.5% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 3,977 shares of the technology company’s stock after acquiring an additional 344 shares during the period. Crossmark Global Holdings Inc.’s holdings in Plexus were worth $544,000 at the end of the most recent reporting period.

Several other institutional investors have also made changes to their positions in the business. 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 valued at $333,374,000 after acquiring an additional 74,988 shares in the last quarter. Disciplined Growth Investors Inc. MN lifted its holdings in Plexus by 0.3% during the 2nd quarter. Disciplined Growth Investors Inc. MN now owns 2,109,047 shares of the technology company’s stock valued at $217,611,000 after purchasing an additional 7,245 shares during the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. lifted its holdings in Plexus by 8.8% during the 2nd quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 1,079,340 shares of the technology company’s stock valued at $111,366,000 after purchasing an additional 87,574 shares during the last quarter. Earnest Partners LLC lifted its holdings in Plexus by 3.0% during the 2nd quarter. Earnest Partners LLC now owns 788,196 shares of the technology company’s stock valued at $81,326,000 after purchasing an additional 23,074 shares during the last quarter. Finally, Bank of New York Mellon Corp lifted its holdings in 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 valued at $46,772,000 after purchasing an additional 31,099 shares during the last quarter. 94.45% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, insider Victor (Pang Hau) Tan sold 1,000 shares of the business’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 transaction of $127,500.00. Following the completion of the sale, the insider now directly owns 8,605 shares of the company’s stock, valued at $1,097,137.50. The trade was a 10.41 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, COO Oliver K. Mihm sold 5,691 shares of the business’s stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $167.06, for a total transaction of $950,738.46. Following the transaction, the chief operating officer now owns 19,585 shares of the company’s stock, valued at approximately $3,271,870.10. This represents a 22.52 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 35,552 shares of company stock valued at $5,500,872 over the last ninety days. Insiders own 2.39% of the company’s stock.

Analyst Ratings Changes

PLXS has been the subject of several analyst reports. Benchmark lifted their price target on shares of Plexus from $150.00 to $165.00 and gave the company a “buy” rating in a report on Monday, October 28th. KeyCorp initiated coverage on shares of Plexus in a report on Tuesday, October 22nd. They set a “sector weight” rating for the company. Needham & Company LLC lifted their price target on shares of Plexus from $144.00 to $162.00 and gave the company a “buy” rating in a report on Friday, October 25th. Finally, StockNews.com downgraded shares of Plexus from a “buy” rating to a “hold” rating in a report on Wednesday, November 6th. Four research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of $133.50.

Plexus Trading Down 0.4 %

Shares of NASDAQ PLXS opened at $153.13 on Friday. Plexus Corp. has a 1-year low of $90.18 and a 1-year high of $169.41. The company has a market cap of $4.17 billion, a PE ratio of 38.19 and a beta of 0.87. The company has a current ratio of 1.51, a quick ratio of 0.71 and a debt-to-equity ratio of 0.07. The company has a 50-day moving average of $139.43 and a two-hundred day moving average of $122.29.

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

About Plexus

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.