Plexus Corp (NASDAQ:PLXS)’s Stock Is Buy After Less Market Selling

August 10, 2018 - By Theresa Judd

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.
Aqr Mgmt Limited Liability Company stated it has 68,033 shares or 0% of all its holdings. Parkside National Bank & Trust & Trust invested in 0% or 17 shares. Morgan Stanley invested in 0% or 73,925 shares. Bnp Paribas Arbitrage has 10,935 shares for 0% of their portfolio. Alliancebernstein Lp has 0% invested in Plexus Corp. (NASDAQ:PLXS) for 46,252 shares. Comerica Natl Bank reported 35,537 shares. Barclays Pcl owns 46,664 shares. Moreover, Shell Asset Management has 0.02% invested in Plexus Corp. (NASDAQ:PLXS). First Manhattan has 20,375 shares. Moreover, United Serv Automobile Association has 0.02% invested in Plexus Corp. (NASDAQ:PLXS). Employees Retirement System Of Texas invested in 27,000 shares. Piedmont Investment Ltd Liability owns 0.01% invested in Plexus Corp. (NASDAQ:PLXS) for 7,200 shares. Millrace Asset Gp reported 1.38% of its portfolio in Plexus Corp. (NASDAQ:PLXS). Martingale Asset Mgmt Limited Partnership holds 0.06% or 82,817 shares in its portfolio. Barrow Hanley Mewhinney Strauss Ltd Liability holds 0.14% or 1.44 million shares.

Since February 20, 2018, it had 0 insider purchases, and 10 selling transactions for $3.42 million activity. On Monday, February 26 CORTINOVIS STEPHEN P sold $383,120 worth of Plexus Corp. (NASDAQ:PLXS) or 6,250 shares. Jermain Patrick John had sold 4,475 shares worth $270,345 on Wednesday, February 21. Kelsey Todd P. also sold $395,875 worth of Plexus Corp. (NASDAQ:PLXS) on Tuesday, February 20. 5,000 shares were sold by DRURY DAVID J, worth $293,289. Darroch Ronnie had sold 1,679 shares worth $101,319 on Tuesday, February 20.

The stock of Plexus Corp (NASDAQ:PLXS) registered a decrease of 1% in short interest. PLXS’s total short interest was 710,400 shares in August as published by FINRA. Its down 1% from 717,600 shares, reported previously. With 236,900 shares average volume, it will take short sellers 3 days to cover their PLXS’s short positions. The short interest to Plexus Corp’s float is 2.15%.

The stock decreased 0.56% or $0.34 during the last trading session, reaching $60.92. About 1,924 shares traded. Plexus Corp. (NASDAQ:PLXS) has risen 11.76% since August 10, 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 $1.96 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.

More important recent Plexus Corp. (NASDAQ:PLXS) news were published by: Benzinga.com which released: “Earnings Scheduled For July 18, 2018” on July 18, 2018, also Benzinga.com published article titled: “Plexus Q3 Earnings Preview”, Seekingalpha.com published: “Plexus Corp. (PLXS) CEO Todd Kelsey on Q3 2018 Results – Earnings Call Transcript” on July 19, 2018. More interesting news about Plexus Corp. (NASDAQ:PLXS) was released by: Globenewswire.com and their article: “Plexus Announces Fiscal Third Quarter 2018 Financial Results” with publication date: July 18, 2018.

Plexus Corp. (NASDAQ:PLXS) Institutional Positions Chart

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