Dimensional Fund Advisors LP Has $174.29 Million Stock Position in Plexus Corp. (NASDAQ:PLXS)

Dimensional Fund Advisors LP decreased its stake in shares of Plexus Corp. (NASDAQ:PLXS) by 0.2% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,689,221 shares of the technology company’s stock after selling 3,560 shares during the period. Dimensional Fund Advisors LP owned 6.17% of Plexus worth $174,293,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Envestnet Asset Management Inc. lifted its position in Plexus by 3.7% during the 2nd quarter. Envestnet Asset Management Inc. now owns 58,607 shares of the technology company’s stock valued at $6,047,000 after purchasing an additional 2,076 shares during the period. Oppenheimer Asset Management Inc. lifted its position in Plexus by 10.4% during the 2nd quarter. Oppenheimer Asset Management Inc. now owns 12,811 shares of the technology company’s stock valued at $1,322,000 after purchasing an additional 1,212 shares during the period. GHP Investment Advisors Inc. lifted its position in Plexus by 0.7% during the 2nd quarter. GHP Investment Advisors Inc. now owns 87,984 shares of the technology company’s stock valued at $9,078,000 after purchasing an additional 644 shares during the period. American Century Companies Inc. lifted its position in 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 purchasing an additional 106,103 shares during the period. Finally, Quest Partners LLC lifted its position in Plexus by 36,700.0% during the 2nd quarter. Quest Partners LLC now owns 368 shares of the technology company’s stock valued at $38,000 after purchasing an additional 367 shares during the period. Institutional investors and hedge funds own 94.45% of the company’s stock.

Plexus Stock Performance

Shares of PLXS stock opened at $131.03 on Friday. The stock has a 50-day moving average of $122.97 and a 200-day moving average of $108.79. Plexus Corp. has a one year low of $87.21 and a one year high of $132.68. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.47 and a quick ratio of 0.64. The stock has a market cap of $3.57 billion, a PE ratio of 36.20 and a beta of 0.89.

Plexus (NASDAQ:PLXS) last posted its earnings results on Wednesday, July 24th. The technology company reported $1.45 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.28 by $0.17. Plexus had a return on equity of 9.64% and a net margin of 2.82%. The business had revenue of $960.70 million during the quarter, compared to analysts’ expectations of $981.32 million. During the same period in the prior year, the business earned $1.32 EPS. Plexus’s revenue for the quarter was down 6.0% compared to the same quarter last year. As a group, sell-side analysts expect that Plexus Corp. will post 3.74 earnings per share for the current year.

Insider Buying and Selling

In related news, Director Karen Marie Rapp sold 500 shares of the stock in a transaction that occurred on Friday, August 30th. The stock was sold at an average price of $128.02, for a total transaction of $64,010.00. Following the completion of the sale, the director now directly owns 9,586 shares of the company’s stock, valued at approximately $1,227,199.72. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. In other news, insider Victor (Pang Hau) Tan sold 1,000 shares of the firm’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 transaction, the insider now directly owns 8,605 shares of the company’s stock, valued at approximately $1,097,137.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Karen Marie Rapp sold 500 shares of Plexus stock in a transaction that occurred on Friday, August 30th. The shares were sold at an average price of $128.02, for a total transaction of $64,010.00. Following the completion of the sale, the director now owns 9,586 shares in the company, valued at $1,227,199.72. The disclosure for this sale can be found here. In the last three months, insiders sold 21,769 shares of company stock valued at $2,731,834. 2.39% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

PLXS has been the subject of a number of recent analyst reports. Needham & Company LLC upped their price target on Plexus from $114.00 to $144.00 and gave the company a “buy” rating in a research note on Friday, July 26th. Benchmark upped their price target on Plexus from $120.00 to $145.00 and gave the company a “buy” rating in a research note on Monday, July 29th. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $124.00.

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.