How Many Plexus Corp. (NASDAQ:PLXS)’s Analysts Are Bearish?

June 14, 2018 - By Peter Erickson

Investors sentiment increased to 0.9 in Q1 2018. Its up 0.25, from 0.65 in 2017Q4. It is positive, 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.
Moreover, Geode Ltd has 0.01% invested in Plexus Corp. (NASDAQ:PLXS) for 351,579 shares. Moreover, Bluecrest Cap Mgmt Limited has 0.02% invested in Plexus Corp. (NASDAQ:PLXS). 384,999 are owned by Voya Investment Mgmt Ltd Llc. Teacher Retirement Systems Of Texas has 0% invested in Plexus Corp. (NASDAQ:PLXS) for 7,415 shares. Fisher Asset Mgmt Ltd Liability Co has invested 0.05% in Plexus Corp. (NASDAQ:PLXS). Royal Bank & Trust Of Canada holds 0.01% or 467,490 shares. Rhumbline Advisers has 0.01% invested in Plexus Corp. (NASDAQ:PLXS). Parametric Portfolio Assocs Limited Liability Company reported 0.01% stake. Aqr Mgmt Ltd Llc reported 68,033 shares. Bollard Gru Ltd Liability Company owns 240 shares. Schwab Charles Investment holds 0.01% or 298,182 shares. Us Bankshares De stated it has 0.01% of its portfolio in Plexus Corp. (NASDAQ:PLXS). Citigroup has 0% invested in Plexus Corp. (NASDAQ:PLXS). New York-based Mutual Of America Mgmt Ltd Liability Corp has invested 0.05% in Plexus Corp. (NASDAQ:PLXS). Vaughan Nelson Invest Mgmt Limited Partnership has invested 0.4% in Plexus Corp. (NASDAQ:PLXS).

Since January 22, 2018, it had 1 buying transaction, and 9 sales for $1.53 million activity. Jermain Patrick John sold $270,345 worth of stock or 4,475 shares. $348,277 worth of Plexus Corp. (NASDAQ:PLXS) was sold by Darroch Ronnie. Shares for $395,875 were sold by Kelsey Todd P. on Tuesday, February 20. KELLY PETER bought $600,500 worth of stock. Shares for $383,120 were sold by CORTINOVIS STEPHEN P.

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. The stock of Plexus Corp. (NASDAQ:PLXS) has “Buy” rating given on Monday, January 8 by Longbow. JP Morgan maintained Plexus Corp. (NASDAQ:PLXS) rating on Friday, March 16. JP Morgan has “Neutral” rating and $70 target. The company was maintained on Thursday, January 18 by RBC Capital Markets. As per Thursday, January 18, the company rating was maintained by Stifel Nicolaus. 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 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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