BlackRock Amends PLEXUS CORP Stake, Files SC 13G/A
Ticker: PLXS · Form: SC 13G/A · Filed: Jan 22, 2024 · CIK: 785786
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, amendment, passive-investing
TL;DR
**BlackRock updated its Plexus Corp stake, signaling continued institutional interest.**
AI Summary
BlackRock Inc. filed an amended SC 13G/A on January 22, 2024, indicating a change in its ownership of PLEXUS CORP's Common Stock as of December 31, 2023. This filing, Amendment No. 16, shows BlackRock continues to be a significant institutional holder, which matters to investors as large institutional ownership can signal confidence in the company's long-term prospects and stability, potentially influencing stock price and liquidity.
Why It Matters
This filing updates BlackRock's reported ownership in Plexus Corp, providing transparency on a major institutional investor's position, which can impact market perception and trading activity.
Risk Assessment
Risk Level: low — This is a routine update from a large institutional investor and does not indicate any immediate significant risk to the company or its stock.
Analyst Insight
Investors should note BlackRock's continued institutional presence in PLEXUS CORP, but this routine update doesn't suggest an immediate need for action. It's a data point for long-term holders.
Key Players & Entities
- BlackRock Inc. (company) — the reporting person filing the SC 13G/A
- PLEXUS CORP (company) — the subject company whose securities are being reported
- December 31, 2023 (date) — the date of the event requiring the filing
- January 22, 2024 (date) — the date the SC 13G/A was filed
- Amendment No. 16 (number) — the specific amendment number for this filing
Forward-Looking Statements
- BlackRock will maintain a significant, but passive, stake in PLEXUS CORP. (BlackRock Inc.) — high confidence, target: Q4 2024
FAQ
What type of filing is this and who filed it?
This is an SC 13G/A filing, which is an amendment to a Schedule 13G. It was filed by BlackRock Inc. regarding its ownership in PLEXUS CORP.
What is the CUSIP number for the securities discussed in this filing?
The CUSIP number for the Common Stock of PLEXUS CORP is 729132100, as stated in the filing.
What was the 'Date of Event Which Requires Filing of this Statement'?
The date of the event which required the filing of this statement was December 31, 2023, according to the filing.
Under which rule is this Schedule 13G filed?
This Schedule 13G is filed under Rule 13d-1(b), as indicated by the 'X' in the appropriate box.
What is the business address of the reporting person, BlackRock Inc.?
BlackRock Inc.'s business address is 50 HUDSON YARDS, NEW YORK, NY 10001, as listed in the filing.
Filing Details
This Form SC 13G/A (Form SC 13G/A) was filed with the SEC on January 22, 2024 regarding PLEXUS CORP (PLXS).