Is there a Bearish outlook for Plexus Corp. (NASDAQ:PLXS) this week?

June 14, 2018 - By Margaret Downey

Investors sentiment increased to 0.9 in Q1 2018. Its up 0.25, from 0.65 in 2017Q4. It improved, as 12 investors sold Plexus Corp. shares while 72 reduced holdings. 28 funds opened positions while 48 raised stakes. 31.19 million shares or 1.73% less from 31.73 million shares in 2017Q4 were reported.
Neuberger Berman Group Ltd Llc holds 6,748 shares or 0% of its portfolio. Fincl Bank Of Montreal Can has invested 0% in Plexus Corp. (NASDAQ:PLXS). California Public Employees Retirement Sys holds 0.01% of its portfolio in Plexus Corp. (NASDAQ:PLXS) for 98,790 shares. Bnp Paribas Asset Management Holdings holds 0.09% in Plexus Corp. (NASDAQ:PLXS) or 184,453 shares. Dimensional Fund Advsr Lp invested 0.07% in Plexus Corp. (NASDAQ:PLXS). Peak6 Invs L P has invested 0% in Plexus Corp. (NASDAQ:PLXS). Pinebridge Invests Ltd Partnership owns 57,223 shares. 4,782 were reported by Amalgamated Bank. 858,395 are held by State Street Corp. Price T Rowe Assocs Inc Md holds 14,308 shares or 0% of its portfolio. Pnc Fin Service Gp stated it has 9,122 shares or 0% of all its holdings. Manufacturers Life Insur The owns 24,681 shares or 0% of their US portfolio. Employees Retirement System Of Texas has 0.02% invested in Plexus Corp. (NASDAQ:PLXS) for 27,000 shares. Bessemer Gp Incorporated holds 31,100 shares. Valley National Advisers reported 50 shares stake.

Since January 22, 2018, it had 1 buying transaction, and 9 sales for $1.53 million activity. 6,250 shares valued at $383,120 were sold by CORTINOVIS STEPHEN P on Monday, February 26. DRURY DAVID J sold $293,289 worth of stock. KELLY PETER also bought $600,500 worth of Plexus Corp. (NASDAQ:PLXS) shares. $395,875 worth of Plexus Corp. (NASDAQ:PLXS) shares were sold by Kelsey Todd P.. Another trade for 4,475 shares valued at $270,345 was made by Jermain Patrick John on Wednesday, February 21.

Plexus Corp. (NASDAQ:PLXS) Ratings Coverage

Among 4 analysts covering Plexus (NASDAQ:PLXS), 1 have Buy rating, 0 Sell and 3 Hold. Therefore 25% are positive. Plexus had 4 analyst reports since January 8, 2018 according to SRatingsIntel. On Thursday, January 18 the stock rating was maintained by Stifel Nicolaus with “Hold”. The stock of Plexus Corp. (NASDAQ:PLXS) has “Hold” rating given on Thursday, January 18 by RBC Capital Markets. The firm has “Neutral” rating given on Friday, March 16 by JP Morgan. The company was upgraded on Monday, January 8 by Longbow. Below is a list of Plexus Corp. (NASDAQ:PLXS) latest ratings and price target changes.

16/03/2018 Broker: JP Morgan Old Rating: Neutral New Rating: Neutral Old Target: $64 New Target: $70 Maintain
18/01/2018 Broker: RBC Capital Markets Rating: Hold New Target: $66.0 Maintain
18/01/2018 Broker: Stifel Nicolaus Rating: Hold New Target: $58.0 Maintain
08/01/2018 Broker: Longbow Old Rating: Neutral New Rating: Buy Upgrade

The stock increased 0.58% or $0.35 during the last trading session, reaching $60.87. About 71,144 shares traded. Plexus Corp. (NASDAQ:PLXS) has risen 11.76% since June 14, 2017 and is uptrending. It has underperformed by 0.81% the S&P500.

Plexus Corp., together with its subsidiaries, provides electronic manufacturing services in the Americas, Europe, the Middle East, Africa, and the Asia-Pacific. The company has market cap of $2.01 billion. It offers product conceptualization solutions; and product design and value-engineering solutions, including program management, feasibility studies, specification development for product features and functionality, circuit design, field programmable gate array design, printed circuit board layout, embedded software design, mechanical design, test specifications development and product verification testing, and automated production solutions and complex automation design. It currently has negative earnings. The firm also provides commercialization solutions, such as prototyping, new product introduction, design for supply chain, test development, and transition management; manufacturing solutions; and fulfillment and logistics solutions.

Another recent and important Plexus Corp. (NASDAQ:PLXS) news was published by Globenewswire.com which published an article titled: “New Research Coverage Highlights Seaboard, The Hanover Insurance Group, Atara Biotherapeutics, Plexus, NV5 …” on May 29, 2018.

Plexus Corp. (NASDAQ:PLXS) Institutional Positions Chart

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