November 28, 2016 - By Peter Erickson
The insider, and Plexus Corp’s Regional Pres – Plxs Asia Pac., Yong Lim, made a sale of 10,000 company shares on 28-11-2016, at an approximate value of $511,874 (at $51.2 for a share). Yong Lim now possess 40,000 shares of the Company. The selling was performed on 28/11/2016 and was unveiled in a document at the Security and Exchange Commission’s website.
Out of 7 analysts covering Plexus (NASDAQ:PLXS), 2 rate it a “Buy”, 0 “Sell”, while 5 “Hold”. This means 29% are positive. $52 is the highest target while $41 is the lowest. The $47.67 average target is -7.44% below today’s ($51.5) stock price. Plexus has been the topic of 9 analyst reports since August 3, 2015 according to StockzIntelligence Inc. On Thursday, June 9 the stock rating was maintained by Citigroup with “Neutral”. The stock has “Neutral” rating given by Goldman Sachs on Friday, October 23. The stock of Plexus Corp. (NASDAQ:PLXS) has “Buy” rating given on Monday, August 3 by Goldman Sachs. The firm earned “Add” rating on Wednesday, November 18 by Numis Securities. The company was maintained on Tuesday, October 13 by RBC Capital Markets. The firm earned “Buy” rating on Friday, July 22 by Needham. Deutsche Bank maintained the shares of PLXS in a report on Monday, September 7 with “Hold” rating. The stock of Plexus Corp. (NASDAQ:PLXS) has “Neutral” rating given on Friday, July 22 by B. Riley & Co. The stock of Plexus Corp. (NASDAQ:PLXS) earned “Strong Buy” rating by Needham on Friday, July 24.
Insitutional Activity: The institutional sentiment decreased to 1.44 in Q2 2016. Its down 0.03, from 1.47 in 2016Q1. The ratio fall, as 12 funds sold all Plexus Corp. shares owned while 50 reduced positions. 33 funds bought stakes while 58 increased positions. They now own 30.51 million shares or 5.13% more from 29.02 million shares in 2016Q1.
Tudor Inv Et Al has invested 0.02% of its portfolio in Plexus Corp. (NASDAQ:PLXS). Loomis Sayles & Company L P accumulated 0% or 100 shares. Moreover, Hillsdale Investment Mgmt has 0.12% invested in Plexus Corp. (NASDAQ:PLXS) for 9,700 shares. Oxford Asset Mngmt accumulated 14,795 shares or 0.03% of the stock. Putnam Invs Ltd Company reported 95,055 shares or 0.01% of all its holdings. Moreover, California State Teachers Retirement Systems has 0.01% invested in Plexus Corp. (NASDAQ:PLXS) for 69,943 shares. Foundry Partners Limited Liability Co holds 0.02% of its portfolio in Plexus Corp. (NASDAQ:PLXS) for 6,575 shares. Chicago Equity Partners Ltd has 0.05% invested in the company for 42,350 shares. Blackrock Institutional Trust Na owns 844,230 shares or 0.01% of their US portfolio. Associated Banc reported 8,014 shares or 0.02% of all its holdings. Dimensional Fund L P owns 2.26 million shares or 0.06% of their US portfolio. Paloma Partners Management has invested 0% of its portfolio in Plexus Corp. (NASDAQ:PLXS). Deutsche Bank & Trust Ag, a Germany-based fund reported 97,647 shares. State Of Wisconsin Invest Board accumulated 219,982 shares or 0.04% of the stock. Cypress Capital Gp has invested 0.05% of its portfolio in Plexus Corp. (NASDAQ:PLXS).
Insider Transactions: Since June 2, 2016, the stock had 0 insider purchases, and 25 insider sales for $15.83 million net activity. 28,149 Plexus Corp. (NASDAQ:PLXS) shares with value of $1.25M were sold by FOATE DEAN A. Kelsey Todd P. sold 2,000 shares worth $91,557. MARTENS PHILIP R sold $626,462 worth of Plexus Corp. (NASDAQ:PLXS) on Tuesday, November 15. Lim Yong Jin also sold $930,756 worth of Plexus Corp. (NASDAQ:PLXS) on Wednesday, August 24. The insider BOER RALF R sold $457,781. Shares for $103,365 were sold by Ninivaggi Angelo Michael Jr on Monday, August 1. Another trade for 4,084 shares valued at $188,475 was sold by Frisch Steven J.
About 209,521 shares traded hands or 31.26% up from the average. Plexus Corp. (NASDAQ:PLXS) has risen 22.50% since April 25, 2016 and is uptrending. It has outperformed by 16.49% the S&P500.
Plexus Corp. and its subsidiaries are engaged in the electronic manufacturing services (EMS) industry. The company has a market cap of $1.71 billion. Plexus delivers end-to-end solutions for clients in the Americas (AMER); Europe, Middle East and Africa (EMEA), and Asia-Pacific (APAC) regions. It has a 22.72 P/E ratio. The Company’s divisions are AMER, APAC and EMEA.
According to Zacks Investment Research, “Plexus Corp., through its subsidiaries, provides product realization services to original equipment manufacturers in the medical, computer, industrial, networking, telecommunications and transportation electronics industries. Plexus offers a full range of services including product development and design, material procurement and management, prototyping, manufacturing and assembly, functional and in-circuit testing, final system box build, distribution and after-market support.”
Analysts await Plexus Corp. (NASDAQ:PLXS) to report earnings on January, 18. They expect $0.76 EPS, up 61.70% or $0.29 from last year’s $0.47 per share. PLXS’s profit will be $25.23M for 16.94 P/E if the $0.76 EPS becomes a reality. After $0.67 actual EPS reported by Plexus Corp. for the previous quarter, Wall Street now forecasts 13.43% EPS growth.
More recent Plexus Corp. (NASDAQ:PLXS) news were published by: Quotes.Wsj.com which released: “News Plexus Corp.PLXS” on February 13, 2011. Also Streetinsider.com published the news titled: “Form 4 PLEXUS CORP For: Nov 22 Filed by: FOATE DEAN A” on November 25, 2016. Streetinsider.com‘s news article titled: “Plexus Corp’s (PLXS) Todd Kelsey to Succeed Dean Foate as CEO” with publication date: April 20, 2016 was also an interesting one.
Plexus Corp. (Plexus), incorporated on August 29, 1979, and its subsidiaries are engaged in the electronic manufacturing services (EMS) industry. Plexus delivers end-to-end solutions for clients in the Americas (AMER); Europe, Middle East and Africa (EMEA), and Asia-Pacific (APAC) regions. The Company’s divisions are AMER, APAC and EMEA. The Firm is involved in providing electronics design, manufacturing and aftermarket services to companies with mid-to-low volume, higher complexity products. The Firm delivers solutions to its clients through its product realization value stream. The Company’s solutions include conceptualize, design, commercialize, manufacture, fulfill and sustain. The Firm provides customer service to approximately 140 branded product companies in the networking/communications, healthcare/life sciences, industrial/commercial and defense/security/aerospace market sectors.
Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.