Plexus Corp. (PLXS) : Investment Counselors Of Maryland scooped up 7,925 additional shares in Plexus Corp. during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 9, 2016. The investment management firm now holds a total of 415,835 shares of Plexus Corp. which is valued at $19,095,143.Plexus Corp. makes up approximately 0.99% of Investment Counselors Of Maryland’s portfolio.
Other Hedge Funds, Including , Secor Capital Advisors Lp sold out all of its stake in PLXS during the most recent quarter. The investment firm sold 24,750 shares of PLXS which is valued $1,136,520.Calvert Investment Management boosted its stake in PLXS in the latest quarter, The investment management firm added 15,432 additional shares and now holds a total of 95,202 shares of Plexus Corp. which is valued at $4,393,572. Plexus Corp. makes up approx 0.22% of Calvert Investment Management’s portfolio.State Board Of Administration Of Florida Retirement System reduced its stake in PLXS by selling 684 shares or 2.66% in the most recent quarter. The Hedge Fund company now holds 25,016 shares of PLXS which is valued at $1,154,488.California Public Employees Retirement System boosted its stake in PLXS in the latest quarter, The investment management firm added 800 additional shares and now holds a total of 103,652 shares of Plexus Corp. which is valued at $4,719,276. Plexus Corp. makes up approx 0.01% of California Public Employees Retirement System’s portfolio.Mutual Of America Capital Management boosted its stake in PLXS in the latest quarter, The investment management firm added 1,398 additional shares and now holds a total of 50,980 shares of Plexus Corp. which is valued at $2,321,119. Plexus Corp. makes up approx 0.05% of Mutual Of America Capital Management’s portfolio.
Plexus Corp. opened for trading at $45.83 and hit $46.11 on the upside on Wednesday, eventually ending the session at $45.91, with a gain of 0.22% or 0.1 points. The heightened volatility saw the trading volume jump to 80,708 shares. Company has a market cap of $1,535 M.
On the company’s financial health, Plexus Corp. reported $0.82 EPS for the quarter, beating the analyst consensus estimate by $ 0.05 according to the earnings call on Jul 20, 2016. Analyst had a consensus of $0.77. The company had revenue of $667.61 million for the quarter, compared to analysts expectations of $655.43 million. The company’s revenue was down -.3 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.69 EPS.
Many Wall Street Analysts have commented on Plexus Corp.. Company shares were Reiterated by Needham on Jul 22, 2016 to “Buy”, Firm has raised the Price Target to $ 52 from a previous price target of $50 .
Plexus Corp. (Plexus) and its subsidiaries are engaged in the Electronic Manufacturing Services (EMS) industry. The Company delivers optimized solutions to its customers through its Product Realization Value Stream. Plexus delivers end-to-end solutions for customers in the Americas (AMER) Europe Middle East and Africa (EMEA) and Asia-Pacific (APAC) regions. The Company serves approximately 140 product companies in the Networking/Communications Healthcare/Life Sciences Industrial/Commercial and Defense/Security/Aerospace market sectors. The Company provides its solutions on a turnkey basis and it procures some or all materials required for product assembly and also provides select services on a consignment basis. The Companys Design for Excellence (DFX) solutions consist of collection of specific design solutions including design for test design for manufacturability/assembly and design for fabrication.